zkSync Token Airdrop and Exchange Listings, Renzo Users Anticipate Key Withdrawal Dates: This Week in DeFi

This week, some major news has captured the attention of crypto investors and enthusiasts alike. These developments are expected to substantially impact the crypto market, marking an exciting time for decentralized finance (DeFi) and blockchain technology.

Major crypto events this week include ZK token airdrops, Renzo’s key withdrawal dates, Synthetix’s V3 deployment on Arbitrum, Rocket Pool’s Houston upgrade, and legal proceedings involving Binance and Nigeria.

In detail, zkSync governance system ZK Nation announced on June 17 that eligible users can claim their ZK token airdrops. Introduced on June 11, the ZK token is zkSync’s native asset, allowing holders to propose and vote on protocol upgrades and pay for network fees using zkSync’s native account abstraction.

The total supply of ZK tokens is 21 billion, with 17.5% allocated for airdrops. Major exchanges, including Binance, HTX (Huobi), and KuCoin, will list ZK on June 17.

Meanwhile, users of the liquid staking token (LRT) Renzo (ezETH) can now request withdrawals on June 17 or 18. According to an announcement by Lucas Kozinski, co-founder of Renzo, on Discord, the team is finalizing the audit results for their projects.

Users can request withdrawals after the EigenLayer custody period ends on either expected date. This development is crucial for Renzo’s liquidity and user confidence and also marks a significant milestone for the protocol.

On June 15, derivatives liquidity protocol Synthetix announced via X (Twitter) that its V3 will be live on Arbitrum (ARB) next week. However, the Synthetix team did not specify the exact date of this launch.

Synthetix’s deployment plan on Arbitrum was initially introduced on March 12 through an improvement proposal called SIP-367. On March 31, Synthetix Governance approved this proposal, paving the way for this significant upgrade.

Implementing the core V3 system will allow Synthetix to establish the core contracts on Arbitrum, enabling users to LP various collateral types like USDC, DAI, Ethereum (ETH), and ARB while minting an Arbitrum-native stablecoin against their collateral. The Synthetix Perpetual market will be paused upon initial deployment, with no tradable markets.

Liquid staking platform on the Ethereum network Rocket Pool (RPL) will implement their Houston upgrade on June 17. According to its official announcement, the Houston upgrade aims to remove reliance on third-party systems by introducing a fully on-chain DAO to govern the protocol, known as the Protocol DAO (pDAO).

The pDAO, run by RPL governance, comprises node operators directly participating in the protocol and invested in its success. The upgrade will also introduce new features, allowing for building more integrations and platforms on the protocol.

These features include the ability to stake ETH on behalf of a node and a new RPL withdrawal address feature. Additionally, the feature allows one party to supply the ETH for staking and another to provide the RPL without giving custody to the node operator.

In other news, Nigeria’s Federal Inland Revenue Service (FIRS) has dropped its tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. This decision follows Gambaryan and Anjarwalla being charged alongside Binance in a money-laundering case brought by Nigeria’s Economic and Financial Crimes Commission.

The FIRS initially filed a lawsuit against Gambaryan, Anjarwalla, and Binance in December 2022, accusing them of failing to deduct and remit withholding tax on behalf of Nigerian traders.

However, in a recent development, the FIRS has dropped the tax charges against Gambaryan and Anjarwalla, making Binance the sole defendant in this lawsuit. The next hearing of this case will be on June 19.

Finally, LayerZero Labs, the entity behind the interoperability protocol LayerZero, recently introduced the LayerZero Foundation. The Foundation’s first tweet, featuring the date “06.20.2024,” has sparked speculation about a major announcement related to its upcoming token.

On June 14, Bryan Pellegrino, CEO of LayerZero, shared details about the approximate distribution of LayerZero’s native token, ZRO, on Twitter. Pellegrino outlined that 23.8% of the supply would go directly to the community and builders, with 8.5% distributed on day one.

“The majority of the remainder will be given over the next 36 months with additional retroactive distribution every 12 months, along with some forward-looking [request for proposals] RFPs for builders,” Pellegrino added.

This distribution strategy aims to engage the community actively and support the development of LayerZero’s ecosystem. Pellegrino further provided detailed simulations of the token distribution to ensure fair and broad participation.

News source：https://www.kdj.com/cryptocurrencies-news/articles/zksync-token-airdrop-exchange-listings-renzo-users-anticipate-key-withdrawal-dates-week-defi.html

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