Polyhedra has announced the launch of its temporary staking program, offering participants a total of $1.13 million worth of ETHFI, ID, and CYBER tokens worth USDT.
Polyhedra Network, the developer behind zkBridge, has announced the launch of a temporary staking program offering participants tokens worth a total of $1.13 million USD worth.
The four-week staking event allows network token holders to stake their ZKJ tokens for rewards in ETHFI, ID and CYBER tokens, Polyhedra said at Notion. advertisement. The program, which runs until July 11, requires participants to stake their tokens for at least one week, and those who want to earn a reward of at least $100 must stake 1,000 ZKJ tokens, worth about $1,110 at current market prices.
The latest development comes shortly after Matter Labs, the company behind the zkSync Layer-2 solution, abandoned its attempts to trademark the term “ZK” following backlash from the cryptocurrency community. The decision came three days after top ZK researchers criticized the move, arguing that ZK's innovations should be considered a public good accessible to everyone.
The controversy began when Matter Labs filed for trademarks on “ZK,” aiming to create exclusive intellectual property rights, even though the Polyhedra Network ticker is already used for its token. In response, Polyhedra Network changed its ticker to “ZKJ” and condemned Matter Labs’ actions as those of “a thief and thief, not a blockchain creator.”
Material laboratories to explain It has applied for trademarks associated with ZK to ensure that ZK can be used freely with names such as “ZK Sync” and “ZK Stack” associated with the company.