ZKsync Ignite Program Update 📣 After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for period 6 Here's why:
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1. Focus on the Elastic Network: Our long-term vision for ZKsync is increasingly centered on the Elastic Network, and we want to focus our resources to accelerate this becoming a reality. Ignite has provided Era the liquidity it needs to serve as a DeFi liquidity hub once
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2. Native Interop Timing: Seamless native interoperability across the Elastic Network is a top priority, but the tech needed to implement this is taking longer than expected. Adding more TVL now, before it’s ready, will likely deliver diminishing returns on spend—and we want
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3. Market Realities: Unfortunately we’re navigating a bearish market right now. In line with many other ecosystems, ZKsync has decided to be more conservative with spend in the short to medium term in response to these evolving conditions. To stay sustainable, we’re
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We designed Ignite with the ability to adapt to changing market dynamics for this exact reason and this action is in the best interests of the broader ZKsync & Elastic Network ecosystem. All remaining rewards will be distributed as planned by Monday, March 17th, 2025. Following
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Please refer to the forum post below for more details Thank you to everyone who helped create & participated in ZKsync Ignite over the past 3 months! https://t.co/9bo2fkGRP7
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@ZKsyncIgnite You will be in a worse situation. You are a fraud. The community will destroy you. Incompetent.❌❌❌❌
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