the best yield opportunities of the ZKsync Ignite campaign

In this article, we delve into a crypto airdrop campaign that is different from the usual, yet very interesting for the earning opportunities it offers: ZKsync Ignite. 

Let’s talk about an initiative of the ZKsync Era ecosystem that aims to create a liquidity hub to enhance the elastic chains of the chain.

At stake is not a new network governance token, but rather an allocation of ZK tokens made available for users who deposit assets within certain DeFi protocols of the chain.

Let’s see below what appear to be the best income opportunities.

The new crypto airdrops: the first season of ZKsync Ignite rewards has started

On January 6, Zk Nation, the decentralized organization that manages governance on ZKsync, announced the start of the ZKsync Ignite campaign.

It is not a classic airdrop that precedes the launch of a new token, but rather it should be seen as a liquidity farming initiative.

The objective of this program is to encourage users to deposit funds on the layer-2 chain, creating a liquidity hub for the “Elastic chain” of the ecosystem.

A total of 300 million ZK tokens have been allocated (resource previously distributed via airdrop), with a value of 54 million dollars.

ZKsync Ignite lasts for a period of 9 months, where the rewards are paid on a weekly basis with an initial budget of 6.9 million ZK.

The campaign encourages the transfer of funds to ZKsync Era through specific incentives for users, while maintaining a focus on security and scalability.

Different protocols built on ZKsync are part of this promotion and present a significant boost in DeFi rewards.

All those who participate by depositing tokens such as ZK, ETH, USDC and USDT can view the pending rewards on the Ignite website and claim them every 7 days.

It is important to emphasize that the rewards offered in this program can vary based on the TVL of each individual application and the base of engaged users.

Indicatively, we can state that better opportunities are found in those protocols where there is not yet a thriving activity of capital deposit.

However, this data could change significantly as the ZKsync Ignite initiative progresses and users move to more profitable pools.

The best income opportunities for ZK holders

ZKsync Ignite represents an excellent yield opportunity for all those who have received the crypto airdrop of ZKsync and have never sold ZK.

By depositing the token on lending protocols like Venus, Aave, Reactor Fusion, and ZeroLend, users can enjoy great rewards with boosted APRs.

For the first bi-weekly phase of the campaign, $7.08K are offered as daily prizes on Venus, $5.1K on Aave, $2.54K on Reactor Fusion, and $1.42K on ZeroLend.

These incentives must be divided among all the participants of the pool, and then added to the base APR present on each individual protocol.

At the moment, it seems that the best opportunity is on Reactor Fusion, where with the current TVL we can count on an APR of 11.36%.

The base APR of the protocol is 0.34% while the additional reward of the Ignite campaign is 11.03%.

Just to give an idea of the potential gain, with about 2500 dollars in ZK deposit, you get a free monthly income of 25 dollars monthly.

To this must be added the fact that from the locked ZK, one can also borrow stablecoin to obtain liquidity to use in other activities.

Furthermore, it should be emphasized how this initiative is aimed at increasing the value of ZK, as users are incentivized to purchase the coin on the market in order to deposit it on the dapps, limiting the potential selling pressure.

Unlike classic airdrops, where the distributed crypto are often victims of a bear price action, in this case we might see a future appreciation of ZK.

If you do not have ZK tokens and are not interested in becoming holders, you can still participate by depositing assets such as ETH and USDC.

In the case of Reactor Fusion, there are rewards (paid in ZK) equal to 5.37% on ETH and 18.76% in USDC.

Other yields interested in ZKsync Ignite: watch out for protocol airdrops

The ZKsync Ignite campaign does not stop only at lending protocols but offers significant rewards also for liquidity providers on DEX platforms.

Here we actually find the beating heart of the liquidity hub campaign, where there are the most interesting APRs and likely the most rewarding opportunities.

For those who do not know, to provide liquidity to a pool it is necessary to deposit two distinct assets with a weight of 50%.

In some protocols, such as SyncSwap, you can enter by depositing only one of the two assets, which will then be automatically rebalanced.

This practice involves intrinsic risks, such as impermanent loss, which can, however, be limited if using pools between stablecoin or between ETH and wrapped versions of the same.

Going into more detail about the yields offered, we see how Syncswap distributes daily rewards of $6.35K on the pool ZK-WETH with an APR of 25%.

Very interesting is also the same pool on PancakeSwap, where in exchange for $2.63K daily rewards there is an APR of 36%.

For those who want to take less risk and prefer to stay in stablecoin, on KOI there is the pool USDC.e-USDT, which offers a 19% APR for rewards equal to $3.61K. 

To all this, it should be added that some of the protocols we have mentioned might offer an extra incentive with the airdrop of their native token.

First among all SyncSwap, the flagship DEX of the ZK ecosystem, announced that in 2025 there will be the TGE of its own crypto SYNC.

The launch date and the snapshot have not yet been published, but it seems that ZKsync Ignite is the last chance to position oneself for the upcoming distribution.

By doing so, a dual incentive is obtained, given by the Ignite campaign rewards and the potential SYNC airdrop.