Today, Binance officially announced its investment in Zircuit. Although the exact amount of funding hasn’t been disclosed, it has heightened anticipation for the project’s upcoming airdrop.

Currently, the activity of earning points through re-staking on Zircuit is still ongoing, and developers can also earn points by creating applications for it. If you’re still unfamiliar with Zircuit and its points activities, this old article is worth another read as it offers a step-by-step guide to interaction.

This year’s re-staking competition is heating up. Not only are there numerous re-staking protocols associated with EigenLayer, but even infrastructure projects that aren’t directly related are seizing this high-traffic and high-revenue opportunity. They aim to leverage the interest-earning nature of re-staked assets to inject more liquidity into their chains.

On February 23, Zircuit, a zk-Rollup endorsed by Pantera and Dragonfly, announced a new activity on social media: Zircuit Staking. By depositing native ETH or liquid staking and re-staking tokens into Zircuit, users can earn points for the project and native rewards from re-staking.

This also means that the versatile use of liquid staking now has a new opportunity. If you have previously been involved in EigenLayer-related re-staking projects, you can fully utilize your LRT tokens by depositing them into Zircuit. This allows you to maximize your earnings while also having a chance to receive Zircuit’s airdrop.

Given that Zircuit is backed by top venture capital firms and collaborates with many LRT projects, participating in this staking activity might become the next big topic in the LRT space.

To help everyone get to know Zircuit, this article will briefly introduce its functions and explain how to participate in staking and earn points.

What is Zircuit?

Zircuit is a fully EVM-compatible zk Rollup currently in its testnet phase. To put it simply, a zk Rollup can be understood as an Ethereum L2 solution using zk technology. It aims to improve Ethereum’s performance and efficiency, enabling transactions to be executed faster and more effectively.

Zircuit’s architecture consists of three main components:

1. Sequencer: Processes transactions to build L2 blocks.
2. Prover: Generates validity proofs for these blocks.
3. Smart Contracts: Interact with the L1 system.

Compared to the OP architecture, Zircuit achieves rapid finality for zkEVM Rollup without the need for a withdrawal transaction challenge period.

Zircuit uses parallel proof generation to quickly produce proofs and also employs proof aggregation to create a single proof that can be verified on-chain. By breaking circuits into specialized parts and aggregating evidence, Zircuit achieves higher efficiency and lower operational costs. The final validity proof is an aggregation of proofs for a batch of L2 blocks.

Additionally, it’s worth noting that Zircuit features Sequencer Level Security (SLS) to prevent malicious transactions or hacks. Since this involves technical details, we won’t go into it here, but interested readers can check the project Documentation for more details.

Another important point is: Zircuit uses native ETH and currently doesn’t have a governance token (though it may in the future). Therefore, figuring out how to interact with the platform to potentially earn future airdrops has become a more practical topic right now.

Re-staking to Earn Points: A New Way to Maximize Your Investments

As everyone knows, the biggest challenge with “arbitraging” opportunities is the opportunity cost — limited funds mean if you invest in A, it’s hard to invest in B. With increasing competition for airdrops and various protocols aggressively trying to capture user attention and liquidity, being able to use one set of funds in multiple ways is highly desirable.

Zircuit has mastered this concept and today officially announced its points-earning activity. The method to earn points doesn’t require additional funds: By depositing re-staked tokens that users already have into Zircuit, they can achieve multiple benefits from a single investment. First, let’s take a look at the rules for earning points with Zircuit.

The official statement indicates that users can participate in various tasks within the Zircuit ecosystem to earn Zircuit points, which can be redeemed for future rewards. This initiative aims to reward active users and the community, helping to drive more native liquidity to Zircuit. Users can earn points through staking, with those who migrate their assets to the mainnet upon launch receiving the highest rewards.

This means that staking to earn points is just the beginning, with potential cross-chain asset rewards coming in the future.

Focusing on the current points-earning activity, the key question is, “What assets can be deposited to earn points?”

Zircuit allows users to deposit two types of assets:

1. Native ETH, which will be returned as wETH upon withdrawal.
2. Various LST/LRT tokens, including those from Swell, Renzo, KelpDAO, EtherFi, Liquid Collective, and Lido’s re-staked ETH.

However, it’s important to note that Zircuit encourages users to deposit LST/LRT because the efficiency of earning Zircuit points varies depending on the asset:

• Depositing ETH has a multiplier of 0.5x
• Depositing LRT/LST has a multiplier of 1x

This means that the efficiency of earning points by depositing native ETH is only half of that of depositing LST/LRT.

Additionally, I believe Zircuit’s points activity is more user-friendly for small investors.

There is no minimum deposit requirement to earn Zircuit points, and the asset multipliers remain unchanged regardless of the deposit amount. Furthermore, there is no unstaking period, so you can withdraw your assets whenever you want, offering greater flexibility.

Staking Operation Guide

The following steps will demonstrate how to participate in staking in detail.

1. First, visit the official Zircuit staking page through this link. You can enter the invitation code S5WN47 to register and link your wallet. By using the invitation code, you can earn an additional 15% OG referral points reward when you stake.
   

2. In the subsequent interface, deposit any token supported by the LST/LRT protocol.
   

3. Enter the amount you wish to stake, then click “Confirm” at the bottom. After approving the transaction in your wallet, your stake will be successful.

4. The detailed breakdown of staking rewards is as follows:

• Total staking rewards = Staking APR + Re-staking APR + Eigenlayer points + LRT points (e.g., ezETH, rswETH, rsETH) + Zircuit points (future rewards)

This approach easily achieves multiple benefits from a single action.

However, high profits and low entry barriers also mean that it can quickly become crowded. As of now, there isn’t much content about Zircuit in the Chinese community, but more people will inevitably join the staking process to earn points over time.

Competition can reduce your expected returns, but a higher number of participants also increases the certainty of returns. In a year rich with airdrops, active interaction and participation are the minimum requirements; as for maximizing returns, rely on more diverse strategies and time.

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