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News/Ethereum L2 Boost: Lisk Airdrops 15M Tokens, Zerion Unveils ZERO Network

Ethereum L2 Boost: Lisk Airdrops 15M Tokens, Zerion Unveils ZERO Network

Van Thanh Le

Nov 12 2024

3 weeks ago3 minutes read
Faceless robot bridging blockchains, Lisk and Ethereum

Lisk's Bold Move to Ethereum Layer 2

The Ethereum Layer 2 ecosystem has expanded with the official mainnet launch of Lisk, a network that previously operated as a Layer 1 blockchain since its inception in 2016. Lisk’s transition to Layer 2 under Optimism’s OP Stack marks a pivotal shift aimed at tapping into Ethereum’s extensive DeFi ecosystem and scaling capabilities. 

Alongside its mainnet debut, Lisk unveiled a comprehensive airdrop campaign set to distribute 15 million LSK tokens. The campaign kicks off on November 21, with the first season spanning four months, offering 10 million tokens to participants. Token allocation is determined by user engagement on the platform, with participants earning points through various tasks.

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Source: Lisk/ X

Dominic Schwenter, COO of Lisk, highlighted the strategic advantages of the move, emphasizing the integration opportunities for LSK holders within Ethereum’s Superchain DeFi protocols like Uniswap and Velodrome. Schwenter pointed to the liquidity and utility enhancements now available to LSK as key drivers for the platform’s evolution. Lisk’s adoption of Gelato’s rollup-as-a-service framework further bolsters its technological infrastructure, ensuring scalability and streamlined operations within Ethereum’s robust ecosystem.

ZERO Network Redefines Fee-Free Transactions

Zerion has also made waves with the mainnet launch of its ZERO Network, an Ethereum Layer 2 designed to eliminate gas fees for its wallet users. Built on ZKsync’s advanced technology, ZERO introduces native account abstraction through Smart Accounts and Paymasters, enabling Zerion Wallet users to transact, mint, and bridge assets without bearing the cost of gas. The platform’s Onchain DNA system dynamically evaluates user eligibility for fee-free transactions, aiming to create a seamless onchain experience.

Zerion CEO Evgeny Yurtaev likened gas fees to tolls that hinder user exploration in the blockchain space. He noted that the ZERO Network’s vertical integration removes this friction, allowing users to focus solely on their activities without the complexity of transaction mechanics. ZKsync co-founder Alex Gluchowski praised the launch as a milestone in advancing scalable and user-friendly crypto transactions.

The project also secured funding from prominent angel investors, including Web3 leaders and notable figures such as NBA player Duncan Robinson and contributors from platforms like OpenSea and ETHGlobal. This support underscores the growing industry recognition of ZERO’s potential to redefine user interactions within the Ethereum ecosystem.

This article has been refined and enhanced by ChatGPT.

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