It’s finally here – The moment everybody has been waiting for. We had to keep this a surprise
After months of hustling, claiming $ZERO will be made live on Linea on May 6th, at 7.30 am UTC.
Your accumulated Zero Gravity points and earlyZERO will automatically convert into ZERO and be shown on the rewards page. You can claim and stake ZERO on Linea irrespective of the market on which you have earned those points.
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CA: 0x78354f8dccb269a615a7e0a24f9b0718fdc3c7a7
Dex Liquidity: Lynex DEX on Linea
Snapshot will be taken closer to TGE. Here’s everything you need to know.
What is earlyZERO?
Early adopters and liquidity providers on ZeroLend were allocated an $earlyZERO token, a non-transferrable ERC-20 token that can be redeemed for $ZERO after TGE. Every user who supplied/borrowed earned a pre-mine incentive in earlyZERO.
13% of the drop is reserved for earlyZERO.
Conversion Rate: 1 $earlyZERO = 1 $ZERO (1:1)
What are Zero Gravity Points?
Zero Gravity is our native airdrop platform where users collect Zero Gravity points that automatically convert to $ZERO on launch.
5% of the supply is reserved for Zero Gravity.
What is $ZERO?
$ZERO is a Linea ERC-20 token. It serves as a utility and governance token within the ZeroLend ecosystem and is bridgable to all chains using LayerZero.
On TGE, your earlyZERO and Zero Gravity points will be automatically converted into ZERO tokens and be available to claim and stake from the rewards page on app.zerolend.xyz.
18% Airdrop allocation
ZeroLend will be distributing ~18% of its supply to the community. This is one of the largest airdrop % for any project because we believe that the community deserves to be the front runners when it comes to governance.
Community vesting
$ZERO allocation for airdrop users will have the same vesting schedule:
- 40% upfront
- The remaining 60% will have a 6-month vesting schedule – 3 months cliff and 3-months linear vesting
Compared to private sale investors and advisors who receive fewer tokens upfront and have much longer vesting, the community enjoys a shorter cliff and vesting period.
You can read the tokenomics to understand $ZERO tokenomics and emissions in detail.
Claim ZERO
Linea is the exclusive chain partner of $ZERO. Since we are launching $ZERO on Linea, you can claim ZERO on Linea even if you farmed it on any other chain.
For example, even if you have accumulated Zero Gravity points and earlyZERO on our zkSync Market, can redeem them on Linea.
Users and investors will be able to claim $ZERO tokens on our Rewards page here.
Read our full step-by-step guide to claim ZERO here.
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Stake ZERO
$ZERO stakers receive voting power, staking rewards, and potential future airdrops from other protocols based on their voting power.
The longer participants stake their tokens, the higher their rewards and influence in governance decisions. Your veZERO or voting power is based on the number of tokens you stake and for the period you stake it.
You also receive a staking bonus of 5-20% if you stake for longer than 1 year.
Users can not just stake the tokens they have but also any vested tokens that they are eligible to claim in the future.
Read our full step-by-step guide to staking ZERO here.
Stay vigilant of scams
ZeroLend team or moderators will never DM you to inform you about the Zero Gravity claim launch. We will only post the link on the official website and on our official Discord server and X account.
We have been noticing a surge in fraudulent accounts impersonating ZeroLend. Be vigilant about such scams, and double-check the account before clicking any links.
About ZeroLend
ZeroLend is one of the fastest-growing lending protocols with a focus on LRTs, RWA lending, privacy, and account abstraction. ZeroLend’s airdrop is one of the most anticipated airdrops of 2024.
Website: https://zerolend.xyz/
Twitter: https://twitter.com/zerolendxyz
Discord: https://discord.gg/zerolend
DefiLlama: https://defillama.com/protocol/zerolend
