How to Earn Zircuit Points for a Potential Zircuit Airdrop

How to Earn Zircuit Points

You can earn Zircuit Points by staking ETH, liquid staking tokens (LSTs) liquid restaking tokens (LRTs), and by referring others to use the Zircuit platform. 

Key Takeaways

• Zircuit is an EVM-compatible zero-knowledge rollup powered by AI-enabled security at the sequencer level to monitor transactions and prevent malicious activity. 

• The protocol is backed by Pantera Capital, Dragonfly Capital, Maelstrom, and most recently Binance Labs.

• Users can now interact with the protocol’s testnet to participate in the Zircuit Staking Program and receive Zircuit Points.

Zircuit is a zero-knowledge rollup that is working to solve underlying security issues faced by rollups. While security efforts are usually focused on application and smart contract levels, Zircuit approaches by going directly to the sequencer level. This approach makes use of AI-enabled security at the sequencer level to monitor the mempool without affecting censorship resistance or data performance. 

By introducing AI mechanisms, Zircuit’s services will constantly monitor for malicious transactions, blacklisted addresses, and other security issues. These are then prevented from entering the next block, ensuring higher chain security for projects and users. Applying security measures at the sequencer level allows for it to scrutinize transactions before they are finalized on the Layer 2.

The protocol combines technology from Geth, Halo2, and Optimism Bedrock to provide users with cheap, fast, and secure transactions. Being fully EVM-compatible encourages a smooth transition for developers looking to deploy Ethereum dApps with minimal hassle. It also means that Zircuit inherits Ethereum’s security features to ensure that deployed smart contracts are protected by the same security measures.

Zircuit has recently received an undisclosed sum from Binance Labs, the venture capital and incubation arm of Binance. The investment will be used to help the protocol grow and develop the network further, ahead of its upcoming mainnet launch. Zircuit is also backed by Pantera Capital, Dragonfly Capital, and Maelstrom.

In anticipation of its mainnet launch, Zircuit is currently in its testnet phase for users to interact and learn more about it. Users can participate in the staking program to earn Zircuit Points for staking ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and referring others. Given that the mainnet launch is expected to happen within the next few months, now is an opportune time to start earning Zircuit points!

Do note that at the time of writing, the Zircuit team has not made any official announcements for a token airdrop and the qualifying criteria. As such, following the steps below and participating in the Zircuit Staking Program does not guarantee a token airdrop. 

Step 1: Connect Wallet

Head over to https://stake.zircuit.com/ and Connect Wallet in the top right corner.

You can choose between various wallet options but in this guide we will proceed with MetaMask. Select your wallet and sign the transaction in the pop up window.

After connecting your wallet, you will need to enter your invite code. If you do not have any friends already on Zircuit, you can join the official Zircuit Discord channel or browse through the official Zircuit Twitter / X page to find codes being shared by others.

You can access these two channels here.

Zircuit Discord: https://discord.gg/zircuit 

Zircuit Twitter (X): https://twitter.com/ZircuitL2 

Step 2: Deposit Assets

Once you input your invite code and sign the transaction, you will be redirected to the Stake page. You will earn Zircuit Points by staking either your ETH, LRTs, LSTs, or USDe. 

Staking ETH will earn you 0.5 points per hour per ETH while LRTs, LSTs, and USDe have a multiplier of 1 point per hour per value in ETH. This means if you deposit 1 ETH worth of USDe, you will earn 1 point per hour. In the future, listed LRTs and LSTs may have different multipliers so be sure to keep an eye out for that.

Here you can choose which asset you want to deposit. Some of the options, like Ethena and StakeStone, have links to redirect you to the official platforms to obtain the asset. 

In this guide, we will be depositing ETH tokens. However, we recommend that you go through the list of available assets and protocols to consider based on your participation in other point earning programs like Renzo or Ethena.

Input your desired amount and Confirm it.

Review the transaction overview which highlights that withdrawing ETH will send wETH to your wallet instead of ETH. Do take note this means you will need to pay additional fees when swapping wETH to ETH.

After confirming the transaction overview, sign the transaction in your wallet. You have now staked your asset in Zircuit!

Step 3: Refer Others

In the left menu bar, go to Points to see your total points earned and your referral code. For every successful referral, you will earn 15% of their points. 

Step 4: Stake More (Optional)

The more assets you stake, the more points you can earn. In your Dashboard you can view your staked assets and also choose to Stake More if you have additional assets to deploy. 

Conclusion

Zircuit is a fully EVM-compatible zero-knowledge rollup that aims to provide fast, cheap, and secure transactions. Its use of AI-enabled security at the sequencer level allows it to closely monitor transactions and prevent malicious ones from being finalized. Users can now participate in the Zircuit Staking Program to earn Zircuit Points by depositing and restaking assets as well as referring other users.