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ZeroLend (ZERO)

ZeroLend bounty

ZeroLend is a lending protocol on zkSync Era and Manta Network. It allows users to deposit supported tokens into the protocol and earn yield on them.

Seed Round: $3 Million

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Overview

Project industryFinance Services & Banking
Product typeDeFi
WhitepaperZeroLend White Paper Open

What is ZeroLend

A lending protocol with native stablecoin built on zkSync.

The ZeroLend ecosystem comprises of various entities and features:

  • DeFi Lending (Live): A decentralized, non-custodial liquidity protocol enabling users to participate as liquidity providers or borrowers within the zkSync Ecosystem. ZeroLend also aims to provide lending&borrowing on various supported assets across multiple chains. Powered by LayerZero.
  • $ONEZ - the yield-bearing Stablecoin: ZeroLend has its own stablecoin that is designed to capture the native yield from the lending protocol and has self loan repaying capability. Users can also mint $ONEZ and participate in DeFi within the zkSync ecosystem.
  • ZeroLend Governance ($ZERO): A governance system for governing the ZeroLend Protocol, enabled by the $ZERO token.
  • Account Abstraction (Live): This feature allows for gas-less transactions, social logins, delegated transactions, etc.
  • Support for Real-World Assets (Q2 2024): Real World Assets (RWA) is a trillion-dollar market. ZeroLend is at the forefront of integrating these assets into our lending protocol.
  • Privacy Layer using zkStack (Q4 2024): With compliance with regulations (such as KYC), users can lend/borrow assets using zk proofs and keep their transactions private.

Details

Token supply: 100,000,000,000 ZERO
Raised: 3,000,000 USD

Legal

Registration year: 2023

Token info

Ticker: ZERO
Type: Utility-token
Token distribution:
Private Sale - 30%
Liquidity - 10%
Team - 5%
Treasury - 10%
Advisors - 7%
Airdrops - 3%
Emissions - 35%

ZeroLend Roadmap

1
Development and Testing (Q2 2023)

During the initial phase, the ZeroLend team focuses on developing and thoroughly testing the lending protocol. This involves designing and implementing the core smart contracts, building the user interface, and conducting extensive security audits to identify and resolve any vulnerabilities.

  • Smart contract development and auditing.
  • User interface design and development.
  • Internal testing and bug fixing.
  • Security audits and code optimization.
2
Launch and Pre-mining

Once the development and testing phase is complete, ZeroLend launches the lending protocol on zkSync and starts the pre-mine phase of the token. Users can provide liquidity and farm $ZERO pre-launch.

Users can also participate within the community to earn points which makes them eligible for the $ZERO airdrop

  • Smart contract deployment on the mainnet.
  • Launch of the ZeroLend platform to the public.
  • Launch of the ZeroLend stablecoin (ONEZ).
  • Airdrop campaigns and co-marketing with projects
  • Marketing and user acquisition efforts.
3
Incentives & Official Protocol launch

ZeroLend embarks on a vital phase with the initiation of public and private sales, leading up to the Token Generation Event (TGE). The $ZERO token makes its debut and becomes tradable across various markets (DEXes and CEXes).

At this stage, the various incentive mechanisms start to go live. This includes staking, liquidity mining, etc.., to further grow the protocol.

  • Conducting Private and Public Sales of $ZERO.
  • Launching $ZERO on multiple exchanges post-TGE.
  • Launch of protocol incentives (Staking, Emissions, etc..)
4
RWA Lending

In this stage, ZeroLend focuses on integrating Real World Assets (RWAs) like Treasury Bills, Bonds, and Real Estate, thus merging traditional financial assets with the efficiency and accessibility of DeFi lending.

  • Onboarding a variety of RWAs onto the lending platform.
  • Creating new opportunities for asset-backed lending and borrowing.
  • Facilitating a seamless market for both digital and traditional investors.
5
Account Abstraction & Hyperchains

Building upon Account Abstraction and zk hyperchains, this phase is dedicated to achieving low gas fees and enhanced user privacy, aligning with our vision of providing a cost-efficient and secure DeFi environment.

  • Integrating Account Abstraction for Simplified User Transactions.
  • Leveraging zkSync's hyperchains to ensure low-cost operations and privacy.
  • Enhancing the overall protocol infrastructure for better performance.
6
Global Expansion

With a focus on global expansion, ZeroLend aims to position itself as a formidable competitor to traditional banking by tapping into international markets and extending its DeFi services on a global scale.

  • Expanding the user base across different countries and regions.
  • Cultivating strategic partnerships for broader ecosystem integration.
  • Continuing to innovate and adapt services for a diverse global audience.

Social media

ZeroLend web-siteZeroLend TelegramZeroLend TwitterZeroLend DiscordZeroLend Github

MVP

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