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                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h226440">ZKSwap (ZKS) and SofaSwap introduce Single Token Staking</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h326440">ZKSwap V3 release is in the cards: What will change?</a></li></ul> 
                        Advertisement
                        
                            
                        
                        
                            
                                
                            
                        
                    Leading L2 decentralized cryptocurrencies exchange ZKSwap (ZKS) is planning to introduce a shared staking initiative - Single Token Staking - with another mainstream DeFi ecosystem, SofaSwap.
    
    ZKSwap (ZKS) and SofaSwap introduce Single Token Staking
    
    According to a joint official announcement by the two teams, ZKSwap (ZKS) and SofaSwap are going to start a shared staking program, dubbed Single Token Staking.
    
    With this program, SofaSwap users can start mainstream token staking contracts (for Bitcoins (BTC), Ethereums (ETH), and so on) using ZKS, a core native asset of the ZKSwap decentralized exchange.
        
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            <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
        
        
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        Ripple CEO Calls for Clear Stablecoin Rules   
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        Bitcoin (BTC): $100,000 Finally Here, This XRP Level Can Send Price to $3, Massive Shiba Inu (SHIB) Bounce: Bull Run Begins?
    </a>
    
    <a href="https://u.today/824473127-xrp-in-24-hours-bulls-are-back" class="hot__col">
        824,473,127 XRP in 24 Hours: Bulls Are Back
    </a>
    
    <a href="https://u.today/ripple-linked-xrp-lobbyist-behind-truth-social-post-purged-from-white-house" class="hot__col">
        Ripple-Linked XRP Lobbyist Behind Truth Social Post Purged from White House
    </a>
    
    
        
    
    
    While trading these contracts, any token (including ZKS) can be chosen as a settlement instrument. To use an asset for settlement, a SofaSwap user should indicate that it should be staked by the Market Maker LP. 
                        Advertisement
                        
                            
                        
                        
                            
                                
                            
                        
                    
    
    As stressed in the statement shared by the two teams, this collaboration will boost the profits of traders, stakers and liquidity providers on SofaSwap:
    
    The deepened cooperation on product and marketing between ZKSwap and SofaSwap will provide users with abundant trading opportunities.
    
    As covered by U.Today previously, in mid-August, 2021, ZKSwap (ZKS) and SofaSwap announced the start of its long-term strategic collaboration.
    
    <a href="https://u.today/press-releases/leading-layer2-dex-zkswap-reached-strategic-partnership-with-sofaswap">card</a>
    
    The collaboration is focused on joint experiments in the L2 and DeFi segments, as well as on the promotion of DEX innovations.
    
    ZKSwap V3 release is in the cards: What will change?
    
    ZKSwap (ZKS), the pioneer of Layer 2 decentralized trading protocols on Ethereum (ETH), is going to release its third iteration, ZKSwap V3. In collaboration with ZKBox, the first-ever NFT platform using L2 technology zk-proofs, ZKSwap V3 will allow its users to mint and trade NFTs for zero fees.
    
    Users will be able to create and exchange their NFTs directly with their L2 tokens without the necessity of transferring them to Layer 1. This innovative technique will significantly improve the UX and resource-efficiency of NFT trading.
    
    In Q3, 2021, ZKSwap (ZKS) launched its testnet and mainnet mechanisms on two mainstream smart contracts platforms, i.e., Ethereum (ETH) and Binance Smart Chain (BSC).
    
    ZKSwap’s (ZKS) operations are powered by the most advanced zero-knowledge proof algorithm PLONK. PLONK's global trust setup is only generated once and then reused; this feature reduces the costs of zk-proofs utilization dramatically.
    
    <a href="https://u.today/zkswap-v2-whitepaper-review-whats-under-hood-of-layer-2-dex-with-amm">card</a>
    
    Also, ZKSwap (ZKS) has deployed an open source API and SDK to allow all Ethereum (ETH) developers to experiment with the latest L2 scaling technologies.
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                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h226440">ZKSwap (ZKS) and SofaSwap introduce Single Token Staking</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h326440">ZKSwap V3 release is in the cards: What will change?</a></li></ul> 
                        Advertisement
                        
                            
                        
                        
                            
                                
                            
                        
                    Leading L2 decentralized cryptocurrencies exchange ZKSwap (ZKS) is planning to introduce a shared staking initiative - Single Token Staking - with another mainstream DeFi ecosystem, SofaSwap.
    
    ZKSwap (ZKS) and SofaSwap introduce Single Token Staking
    
    According to a joint official announcement by the two teams, ZKSwap (ZKS) and SofaSwap are going to start a shared staking program, dubbed Single Token Staking.
    
    With this program, SofaSwap users can start mainstream token staking contracts (for Bitcoins (BTC), Ethereums (ETH), and so on) using ZKS, a core native asset of the ZKSwap decentralized exchange.
        
            HOT Stories
            <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
        
        
            <a href="https://u.today/ripple-ceo-calls-for-clear-stablecoin-rules" class="hot__col">
        Ripple CEO Calls for Clear Stablecoin Rules   
    </a>
    
    <a href="https://u.today/bitcoin-btc-100000-finally-here-this-xrp-level-can-send-price-to-3-massive-shiba-inu-shib-bounce" class="hot__col">
        Bitcoin (BTC): $100,000 Finally Here, This XRP Level Can Send Price to $3, Massive Shiba Inu (SHIB) Bounce: Bull Run Begins?
    </a>
    
    <a href="https://u.today/824473127-xrp-in-24-hours-bulls-are-back" class="hot__col">
        824,473,127 XRP in 24 Hours: Bulls Are Back
    </a>
    
    <a href="https://u.today/ripple-linked-xrp-lobbyist-behind-truth-social-post-purged-from-white-house" class="hot__col">
        Ripple-Linked XRP Lobbyist Behind Truth Social Post Purged from White House
    </a>
    
    
        
    
    
    While trading these contracts, any token (including ZKS) can be chosen as a settlement instrument. To use an asset for settlement, a SofaSwap user should indicate that it should be staked by the Market Maker LP. 
                        Advertisement
                        
                            
                        
                        
                            
                                
                            
                        
                    
    
    As stressed in the statement shared by the two teams, this collaboration will boost the profits of traders, stakers and liquidity providers on SofaSwap:
    
    The deepened cooperation on product and marketing between ZKSwap and SofaSwap will provide users with abundant trading opportunities.
    
    As covered by U.Today previously, in mid-August, 2021, ZKSwap (ZKS) and SofaSwap announced the start of its long-term strategic collaboration.
    
    <a href="https://u.today/press-releases/leading-layer2-dex-zkswap-reached-strategic-partnership-with-sofaswap">card</a>
    
    The collaboration is focused on joint experiments in the L2 and DeFi segments, as well as on the promotion of DEX innovations.
    
    ZKSwap V3 release is in the cards: What will change?
    
    ZKSwap (ZKS), the pioneer of Layer 2 decentralized trading protocols on Ethereum (ETH), is going to release its third iteration, ZKSwap V3. In collaboration with ZKBox, the first-ever NFT platform using L2 technology zk-proofs, ZKSwap V3 will allow its users to mint and trade NFTs for zero fees.
    
    Users will be able to create and exchange their NFTs directly with their L2 tokens without the necessity of transferring them to Layer 1. This innovative technique will significantly improve the UX and resource-efficiency of NFT trading.
    
    In Q3, 2021, ZKSwap (ZKS) launched its testnet and mainnet mechanisms on two mainstream smart contracts platforms, i.e., Ethereum (ETH) and Binance Smart Chain (BSC).
    
    ZKSwap’s (ZKS) operations are powered by the most advanced zero-knowledge proof algorithm PLONK. PLONK's global trust setup is only generated once and then reused; this feature reduces the costs of zk-proofs utilization dramatically.
    
    <a href="https://u.today/zkswap-v2-whitepaper-review-whats-under-hood-of-layer-2-dex-with-amm">card</a>
    
    Also, ZKSwap (ZKS) has deployed an open source API and SDK to allow all Ethereum (ETH) developers to experiment with the latest L2 scaling technologies.
    ') (Line: 1308)
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                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h226440">ZKSwap (ZKS) and SofaSwap introduce Single Token Staking</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h326440">ZKSwap V3 release is in the cards: What will change?</a></li></ul> 
                        Advertisement
                        
                            
                        
                        
                            
                                
                            
                        
                    Leading L2 decentralized cryptocurrencies exchange ZKSwap (ZKS) is planning to introduce a shared staking initiative - Single Token Staking - with another mainstream DeFi ecosystem, SofaSwap.
    
    ZKSwap (ZKS) and SofaSwap introduce Single Token Staking
    
    According to a joint official announcement by the two teams, ZKSwap (ZKS) and SofaSwap are going to start a shared staking program, dubbed Single Token Staking.
    
    With this program, SofaSwap users can start mainstream token staking contracts (for Bitcoins (BTC), Ethereums (ETH), and so on) using ZKS, a core native asset of the ZKSwap decentralized exchange.
        
            HOT Stories
            <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a>
        
        
            <a href="https://u.today/ripple-ceo-calls-for-clear-stablecoin-rules" class="hot__col">
        Ripple CEO Calls for Clear Stablecoin Rules   
    </a>
    
    <a href="https://u.today/bitcoin-btc-100000-finally-here-this-xrp-level-can-send-price-to-3-massive-shiba-inu-shib-bounce" class="hot__col">
        Bitcoin (BTC): $100,000 Finally Here, This XRP Level Can Send Price to $3, Massive Shiba Inu (SHIB) Bounce: Bull Run Begins?
    </a>
    
    <a href="https://u.today/824473127-xrp-in-24-hours-bulls-are-back" class="hot__col">
        824,473,127 XRP in 24 Hours: Bulls Are Back
    </a>
    
    <a href="https://u.today/ripple-linked-xrp-lobbyist-behind-truth-social-post-purged-from-white-house" class="hot__col">
        Ripple-Linked XRP Lobbyist Behind Truth Social Post Purged from White House
    </a>
    
    
        
    
    
    While trading these contracts, any token (including ZKS) can be chosen as a settlement instrument. To use an asset for settlement, a SofaSwap user should indicate that it should be staked by the Market Maker LP. 
                        Advertisement
                        
                            
                        
                        
                            
                                
                            
                        
                    
    
    As stressed in the statement shared by the two teams, this collaboration will boost the profits of traders, stakers and liquidity providers on SofaSwap:
    
    The deepened cooperation on product and marketing between ZKSwap and SofaSwap will provide users with abundant trading opportunities.
    
    As covered by U.Today previously, in mid-August, 2021, ZKSwap (ZKS) and SofaSwap announced the start of its long-term strategic collaboration.
    
    <a href="https://u.today/press-releases/leading-layer2-dex-zkswap-reached-strategic-partnership-with-sofaswap">card</a>
    
    The collaboration is focused on joint experiments in the L2 and DeFi segments, as well as on the promotion of DEX innovations.
    
    ZKSwap V3 release is in the cards: What will change?
    
    ZKSwap (ZKS), the pioneer of Layer 2 decentralized trading protocols on Ethereum (ETH), is going to release its third iteration, ZKSwap V3. In collaboration with ZKBox, the first-ever NFT platform using L2 technology zk-proofs, ZKSwap V3 will allow its users to mint and trade NFTs for zero fees.
    
    Users will be able to create and exchange their NFTs directly with their L2 tokens without the necessity of transferring them to Layer 1. This innovative technique will significantly improve the UX and resource-efficiency of NFT trading.
    
    In Q3, 2021, ZKSwap (ZKS) launched its testnet and mainnet mechanisms on two mainstream smart contracts platforms, i.e., Ethereum (ETH) and Binance Smart Chain (BSC).
    
    ZKSwap’s (ZKS) operations are powered by the most advanced zero-knowledge proof algorithm PLONK. PLONK's global trust setup is only generated once and then reused; this feature reduces the costs of zk-proofs utilization dramatically.
    
    <a href="https://u.today/zkswap-v2-whitepaper-review-whats-under-hood-of-layer-2-dex-with-amm">card</a>
    
    Also, ZKSwap (ZKS) has deployed an open source API and SDK to allow all Ethereum (ETH) developers to experiment with the latest L2 scaling technologies.
    ') (Line: 1308)
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ZKSwap (ZKS) and SofaSwap Launch Joint Staking Program to Boost Earning Opportunities

Mon, 6/09/2021 - 7:00
ZKSwap is introducing Single Token Staking initiative
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ZKSwap (ZKS) and SofaSwap Launch Joint Staking Program to Boost Earning Opportunities
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Leading L2 decentralized cryptocurrencies exchange ZKSwap (ZKS) is planning to introduce a shared staking initiative - Single Token Staking - with another mainstream DeFi ecosystem, SofaSwap.

ZKSwap (ZKS) and SofaSwap introduce Single Token Staking

According to a joint official announcement by the two teams, ZKSwap (ZKS) and SofaSwap are going to start a shared staking program, dubbed Single Token Staking.

With this program, SofaSwap users can start mainstream token staking contracts (for Bitcoins (BTC), Ethereums (ETH), and so on) using ZKS, a core native asset of the ZKSwap decentralized exchange.

While trading these contracts, any token (including ZKS) can be chosen as a settlement instrument. To use an asset for settlement, a SofaSwap user should indicate that it should be staked by the Market Maker LP.

Advertisement

As stressed in the statement shared by the two teams, this collaboration will boost the profits of traders, stakers and liquidity providers on SofaSwap:

The deepened cooperation on product and marketing between ZKSwap and SofaSwap will provide users with abundant trading opportunities.

As covered by U.Today previously, in mid-August, 2021, ZKSwap (ZKS) and SofaSwap announced the start of its long-term strategic collaboration.

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The collaboration is focused on joint experiments in the L2 and DeFi segments, as well as on the promotion of DEX innovations.

ZKSwap V3 release is in the cards: What will change?

ZKSwap (ZKS), the pioneer of Layer 2 decentralized trading protocols on Ethereum (ETH), is going to release its third iteration, ZKSwap V3. In collaboration with ZKBox, the first-ever NFT platform using L2 technology zk-proofs, ZKSwap V3 will allow its users to mint and trade NFTs for zero fees.

Users will be able to create and exchange their NFTs directly with their L2 tokens without the necessity of transferring them to Layer 1. This innovative technique will significantly improve the UX and resource-efficiency of NFT trading.

In Q3, 2021, ZKSwap (ZKS) launched its testnet and mainnet mechanisms on two mainstream smart contracts platforms, i.e., Ethereum (ETH) and Binance Smart Chain (BSC).

ZKSwap’s (ZKS) operations are powered by the most advanced zero-knowledge proof algorithm PLONK. PLONK's global trust setup is only generated once and then reused; this feature reduces the costs of zk-proofs utilization dramatically.

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Also, ZKSwap (ZKS) has deployed an open source API and SDK to allow all Ethereum (ETH) developers to experiment with the latest L2 scaling technologies.

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