Polyhedra has announced a temporary staking scheme, granting participants a total of $1.13 million in USDT worth of ETHFI, ID, and CYBER tokens.
The company that created zkBridge, Polyhedra Network, has announced opening a short-term staking program that would give participants tokens with a total value of $1.13 million in USDT.
According to Polyhedra’s Notion statement, the four-week-long staking event enables ZKJ token holders on the network to exchange their tokens for rewards in ETHFI, ID, and CYBER tokens.
Players in the campaign, which ends on July 11, must stake their tokens for at least one week in order to be eligible for a reward. To get a $100 reward, players must stake 1,000 ZKJ tokens currently valued at $1,110.
The most recent event happened not long after Matter Labs, the business behind the zkSync layer-2 solution, gave up trying to register the term “ZK” as a trademark in response to criticism from the cryptocurrency community.
Three days prior, the decision was made in response to criticism from top ZK experts who contended that ZK discoveries ought to be regarded as a public good that is available to anyone.
The dispute started when Matter Labs attempted to get exclusive intellectual property rights by filing for trademarks on “ZK,” even though Polyhedra Network already used the ticker for its coin.
Polyhedra Network retaliated by changing its ticker to “ZKJ” and denouncing Matter Labs’ conduct as befitting “a thief and a robber, not a blockchain builder.”
Matter Labs clarified that it had filed for ZK-related trademarks to guarantee that ZK could be used without restriction with names connected to the business, such as “ZK Sync” and “ZK Stack.”
