ZKsync Ignite Program Update - Wednesday Dec. 4th 2024

Token Mechanics Ignite Program
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ZKsync Ignite Program Update - Wednesday Dec. 4th 2024

Hello everyone! Here are the latest updates on the ZKsync Ignite Program:

DSC DeFi Protocol Selection

The DeFi Steering Committee (DSC) has completed their review and admitted 15 participants for the program. Congratulations to all the participants! Here is the full list:

DEXs

  • SyncSwap
  • Koi Finance
  • zkSwap Finance
  • Uniswap
  • Maverick
  • PancakeSwap
  • Woofie
  • Izumi

Perpetuals

  • RFX
  • Holdstation
  • Vest Exchange

Lending

  • Venus
  • ZeroLend
  • Aave
  • Reactor Fusion

Note: OBL will be publishing a post with a detailed breakdown of the selection process and reasoning behind the admissions/denials soon.

Program Timeline

After careful planning, we’ve finalized the launch date for the program, it is set for Monday, January 6th, 2025.

This three-week delay from our initial mid-December target is due to two problems:

  • Data Processing: The data ingestion and analysis phase required more time than initially anticipated
  • Strategy Finalization: Completing the analytics and marketing plan took longer than expected

These two underestimations resulted in a two-week setback. However, to avoid launching during the holiday period between Christmas and New Year’s Eve, we made the decision to postpone for an additional week. This extra buffer ensures:

  • Optimal team availability
  • Maximised launch impact
  • Improved focus from everyone who will return from the holidays refreshed and fully committed to a successful program kickoff

We apologize for the postponement, by extending the delay to three weeks, we’ve prioritized a strong, well-coordinated launch over rushing to meet the original timeline. OpenBlock and Merkl are committed to working for the full duration of the program despite this delay.

Progress Update

  • Data Processing
    • OpenBlock has continued ingesting and processing data from participating protocols and will share more details in a subsequent blog post
    • Merkl developed the integration for the majority of the protocols
      • DEXes: SyncSwap, Koi Finance, ZKSwap, Uniswap, Maverick boosted positions (only Woofie, PancakeSwap, Izumi are left)
      • Lending: All protocols have been integrated into the engine
  • App Development
    • Design of the app is complete, we can’t wait to show it to you!
    • Zyfi integration for gas-free liquidity provision
    • Jumper integration for seamless bridging
  • Marketing
    • We have finalized the agreement with a marketing agency to run the go to market for the program

Next Steps

1. Data Integration ETA (12/16)

  • OpenBlock and Merkl will continue working on full coverage for all 15 protocols.
  • Merkl needs to integrate 3 DEXes (Woofie, PancakeSwap, Izumi) and all the perpetuals

2. App finalization (ETA 12/16)

  • Merkl will add liquidity provisioning for all the assets of the program, the vast majority of the transactions will be crafted by Enso
  • We are also working on innovative features to enable users to enable users the option to put their ZK rewards to work in participating DeFi protocols
  • Setup a seamless user onboarding flow

3. Testing Phase

  • Data quality checks to ensure proper reward distribution
  • Operational testing of multi-sig flows for token minting and campaign launches

Our next update will be posted by Friday, December 13th. Please share any questions or concerns in the comments below.

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