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Tuesday, February 7, 2023

ZkLend Airdrop Review: StarkNet wallet like Argent or Braavos.

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About ZkLend Airdrop

ZkLend Airdrop is an L2 money-market protocol built on StarkNet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security. It has confirmed to launch an own token called ZEND. Early users who’ve done testnet actions may get an airdrop when they launch their token.

Basic Information

PlatformTotal SupplyMax. ParticipantsWebsite
StarkNet100,000,000 ZENDUnlimitedClick Here To Visit
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Step No 1

Register for the ZkLend Airdrop by creating an account.

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Step No 2

Verify your email & log in to your account.

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Step No 3

Take part in the referral program and invite 3 friends.

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Step No 4

Join ZkLend Airdrop on Telegram group & Telegram channel. 

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Step No 5

Follow ZkLend on Twitter & like/share the pinned tweet and tag 3 friends.  

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Step No 6

Like/follow ZkLend Airdrop on Facebook & like/share the pinned post.  

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Step No 7

Submit your details to the ZkLend Airdrop form. 

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Risk

The regulatory status of ZEND, cryptocurrencies and distributed ledger technology is unclear or unsettled in Panama, Singapore and many other jurisdictions. The Company and its affiliates are not registered with SMV in Panama as any type of regulated financial institution or financial advisor and are not subject to the standards imposed upon such persons under any applicable securities laws.

While the Company will have regard and operate within the boundaries of the Panamanian laws, to the extent that the Tokens do not constitute “capital markets products” as defined under the Decree Law No. 1 of 1999, the Company does not provide any financial advice. Since the Company is not subject to such requirements or standards, it will make decisions on those issues at its own discretion.

While the Company will have regard to best practices on these issues, holders of the Tokens will not necessarily enjoy the same extent and degree of investor protections as would be the case should they purchase products or services from regulated entities instead.

zkLend Protocol

zkLend is a money-market protocol built on StarkNet, 2 combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security. At its core, zkLend offers a dual suite of permissioned compliance focused solutions for institutional clients (“Apollo”) and a permissionless service for DeFi users (“Artemis”).

At a high level, Artemis enables users to deposit assets to earn a yield, with the option to utilise these assets as collateral to borrow. Apollo functions similarly but borrowing and lending activities are only accessible to permissioned users that go through a KYC/KYB process approved by the protocol. As a result, the two products will function independently with separate capital pools and governance.

ZEND Token

The native cryptographically-secured fungible protocol token of zkLend (ticker symbol ZEND) is a transferable representation of attributed governance and utility functions specified in the protocol/code of zkLend, and which is designed to be used solely as an interoperable utility token. ZEND will be an ERC-20 token, a standard interface for fungible (interchangeable) tokens on Ethereum.

ZEND tokens holders will be entitled to certain rewards and incentives by engaging with the protocol on the below forms of ‘Active Participant Incentives’:

A portion of the protocol’s borrowing fees (revenue) would be allocated to users as rewards to encourage them to interact within the network, for example borrowing/lending activities, providing protocol liquidity, community events, or participation in marketing/airdrop campaigns.

Approximately [20]% of such protocol’s operating profit will be allocated to governance treasury directed for specific asset markets (as and when needed) to fund the incentives as highlighted above, with another [5]% will be redirected to the treasury for the safety module

ZEND Token Utility

Users can stake their ZEND tokens in exchange for stZEND. Upon the staking of ZEND, users will
receive an equivalent amount of staked ZEND, which represents a claim to the underlying token, ZEND. Staking consists of depositing ZEND tokens into the protocol’s safety module. The purpose of the safety module is to act as a risk management tool in the event of a liquidity shortfall, primarily as a result of extreme asset prices fluctuation, liquidity squeeze events, oracle inefficiency/failure and liquidation risks. The safety module may use up to [30%] of the stZEND to cover the shortfalls.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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