ZKsync Sunsets Liquidity Rewards Program, Citing Bearish Market Conditions

ZKsync Sunsets Liquidity Rewards Program, Citing Bearish Market Conditions

The blockchain has lost around 50% of total value locked since Jan. 30.

ZKsync sunsets liquidity program ‘Ignite’

ZKsync has cancelled the second season of its incentive program, Ignite. Bearish market conditions among other reasons led to the move. ZKSync will distribute all remaining rewards as of March 17, 2025. ZKsync announced on Friday that it had cancelled the second season of its liquidity program, Ignite. The zero-knowledge-powered layer 2 protocol revealed that […] The post ZKsync sunsets liquidity program ‘Ignite’ appeared first on CoinJournal.

Layer-2 blockchain ZKsync has decided to stop its liquidity rewards program due to the sharp decline in the market. The negative developments and general downward trend in the cryptocurrency sector in recent weeks have also negatively affected ZKsync.… Altcoin That Draws Reactions to Airdrop Stops Rewards After Fall...

ZKsync sunsets liquidity program amid bearish market - WorldNL Magazine

ZKsync's DeFi Steering Committee (DSC) said it will not renew ZKsync Ignite, its liquidity reward program, as the project shifts its focus to broader network expansion.The DSC confirmed that Ignite’s second season will not proceed and that the program will be discontinued on March 17. This also cancels the reward allocation for period 6, the final phase of the program’s first season.ZKsync said it would focus its resources on its Elastic Network…

ZKSync discontinues its Ignite incentive program due to unfavorable market conditions

ZKSync will not launch Season 2 of its Ignite program, which aimed to boost available liquidity for DeFi. ZKSync will now focus on the Elastic Network and improve the ZK tokenomics to offset the bearish market conditions.