ZKsync initiated the Ignite program, allocating 300 million ZK tokens (equivalent to 60 million USD) to enhance liquidity incentives across decentralized exchanges and lending platforms. Season 1 runs from January 6 to March 31, offering up to 100 million ZK tokens, approximately 20 million USD, to active DeFi users on the ZKsync Era network.
The launch of the Ignite program catalyzed a significant rise in ZKsync’s total value locked from 97 million USD to 184 million USD within a week. As a Layer 2 solution, ZKsync scales Ethereum dapps by utilizing ZK rollups, increasing transaction throughput and reducing costs. This surge suggests successful incentives for liquidity providers.
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