Cryptocurrencies

Zilliqa (ZIL) joins DeFi, and it’s a great success! – Cryptocurrencies

Zilliqa (ZIL) continues its development by launching its staking offer. The platform had selected 8 start-ups benefiting from its ZILHive program, the latter aiming in particular to propel the adoption of the ZIL blockchain.

Its staking offer is very successful and should also encourage more cryptophiles to join the network.

The zeal of the ZIL stakers

Zilliqa represents a new generation of high performance and secure blockchain for DeFi applications.

In June 2020, Binance and KuCoin were presented as partner staking exchanges but, since October 15, 2020, all token holders ZIL can participate in staking without resorting to intermediaries.

Just a few hours after the launch of the non-custodial platform of Zilliqa on its mainnet of, several billion tokens had been blocked within the protocol.

Staking allows holders of ZIL to contribute to governance, through the token gZIL, while receiving remuneration: the Zilliqa stressed the importance of developing the decentralized aspect of the platform.

As for the remuneration of the stakers, 1 gZIL is issued for 1,000 USD of ZIL received under staking.

Zillion, Ziliwap, Zilliqa: the ZIL course falls asleep, zzz

A secure portal called Zillion was designed to simplify the staking process and allow different types of wallets to connect.

It is estimated that the potential returns from staking could reach 6%, if 80% of the circulating supply of ZIL is staked. The number of tokens is currently estimated at 10.5 billion.

Zilliqa launched a decentralized exchange and a token exchange protocol called Ziliswap, October 5, 2020.

Ziliswap allows to re-stak the tokens obtained as remuneration or to deposit the ZIL to generate cash.

These launches unfortunately did not have the expected impact on the token price ZIL which lost 4.5% of its value.

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ZIL is the first public blockchain to have implemented sharding on its mainnet. Zilliqa would offer relatively high levels of security and performance, for businesses and applications. Zilliqua would also be designed to be scalable. DeFi would need all of these qualities mentioned above, with an Ethereum struggling to support the weight of it. Zilliqa would be like an Ethereum 2.0 designed and deployed long before its time – and perhaps much more effective than Vitalik Buterin’s Baby 2.0.

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