How to Invest in Zircuit on Notum

Staking has been a popular way to generate income from crypto assets for several years now. Users stake and lock their tokens in liquidity pools, while receiving passive rewards. The downside to this investment type is that investors could not use the staked assets until the lock-up period ends.

With the growing popularity of crypto investments, staking has evolved and offered users a more advanced way to make money on their assets. Liquid staking appeared as an alternative to traditional staking and solved the problem of asset locking. Now users receive additional tokens for staking, which can be used in the DeFi space while the main ones generate profits.

Now the crypto world offers users a huge number staking and restaking protocols, which makes the process of receiving income pretty simple and comfortable. In today's article from Notum, we will talk about the Zircuit protocol, which allows users to stake ETH, liquid staking tokens, and liquid restaking tokens, receiving large amounts of rewards for it. We will also pay attention to how the platform operates, what its advantages are, what Zircuit Points are and explain how you can earn them.

What is Zircuit?

Zircuit is a fully EVM-compatible zero-knowledge rollup, giving users access to the enormous potential of web 3. The protocol has support for artificial intelligence and a unique hybrid network architecture based on the latest research in layer 2 technology.

EVM compatibility means that tooling and wallets on the platform will work as usual, resulting in minimal development overhead. Thus, any developer or user can seamlessly deploy Ethereum dApps simply by changing the deployment endpoints. All gas fees on the platform are paid in ETH.

«Zircuit can deploy smart contract code that is compatible with the Ethereum Virtual Machine (EVM), which powers the Ethereum network itself» - Zircuit Docs.

The protocol not only offers high-end infrastructure using zero-knowledge proofs, but also has incredible performance and security. Thus, users get access to faster transactions, reduced fees and a decent level of security.

Interesting fact! Although Zircuit is still in the process of launching the Mainnet, Quantstamp announced that users can already use the Testnet, specifically the staking program and Build to Earn.

A unique feature of Zircuit is that, unlike other L2s, the protocol uses proprietary proof aggregation technology. It divides circuits into fast parallel processes, resulting in many smaller proofs. Not only are they easier to generate, but they can also be aggregated by Zircuit.

Source: Zircuit

How does Zircuit operate?

A rollup chain on Zircuit includes two participants: user and sequencer, where users send transactions to the sequencer with signatures via RPC/APIs. The sequencer, in turn, collects all these transactions, which are then processed by the SNARK circuit. If all of these transactions are found to be valid, a proof is issued, which is then sent and verified on the chain.

Zircuit also has several main features that directly affect its operation:

• Research. Zircuit has spent the last two years pioneering research into topics such as rollup compression and security tooling. Thanks to this, Zircuit received several funding grants for further layer 2 research.
• Bridge. Zircuit also has a native bridge whose infrastructure has better architecture and innovative security practices. The advantage of this canonical bridge is that it is as simple and safe to use as possible.
• Performance. Zircuit has achieved fairly high efficiency and reduced operating costs due to decomposing circuits into parts and aggregating proofs. Thus, users receive accelerated proof processing and larger transactions, which are also distinguished by speed and favorable cost.
• Security. The protocol paid special attention to ensuring security at the sequencer level. It monitors for malicious transactions and prevents them from being included in blocks.
• Ethereum Compatibility. A special feature of Zircuit is that the protocol works with all Ethereum apps. Moreover, it also eliminates the need for users and developers to learn a new programming language as Zircuit allows for seamless deployment of Ethereum dApp. More information about deploying smart contracts on Zircuit can be found here.

Why use Zircuit?

Zircuit is a unique platform that offers users a number of innovative features and benefits:

Pros

Faster transactions

Due to its unique architecture, Zircuit offers users not only larger transactions, but also improved speed.

Reduced fees

Another feature of the platform is reduced fees, which makes using Zircuit even more enjoyable and comfortable for users.

Native bridge

The platform also has its own bridge with security focus which allows users to securely transfer assets to Zircuit.

Build to Earn

The platform invites users to build in the fast-growing Zircuit ecosystem and earn rewards for doing so. Moreover, the protocol even provides instructions on how to get started.

AI-Enabled Security

Zircuit uses AI security software that monitors malicious transactions and thereby protects all transactions on the L2.

Zircuit: Staking

The Zircuit Staking Program allows users to stake ETH, liquid staking tokens, and liquid restaking tokens while receiving large amounts of rewards. Zircuit Staking aims to improve liquidity by offering returns and points from other integrated protocols such as Lido Finance.

Unlike other platforms, users' assets are not locked during staking, which means they can withdraw money at any time while retaining all earned points and yields. Zircuit also takes the security of assets deposited by users seriously and has therefore undergone several audits and verified the staking smart contract.

The stake tab on Zircuit presents a large number of protocols, such as Renzo, Ether.fi, Ethena, Lido, Swell, Eigenpie and others. Users can deposit any of the supported assets and receive large amounts of rewards. More information about staking on Zircuit can be found in the FAQ section.

Interesting fact! Stakers on Zircuit earn not only staking and restaking APR, but also Eigenlayer Points, LRT points and Zircuit Points.

Source: Zircuit Stake

Zircuit Points

The key component of staking on Zircuit is Zircuit Points. Thus, users who stake Ethereum, liquid staking tokens (LSTs), and liquid restaking tokens (LRTs) on the platform are rewarded with these points in addition to the benefits listed above. Zircuit Points help incentivize and reward users who actively participate on the Zircuit platform. There is no minimum deposit required to receive Zircuit Points.

Users can earn more Zircuit Points by depositing more assets such as ETH, rswETH, ezETH, lsETH, and others. The platform also has a referral program that allows users to receive 15% of the points of friends who join through their referral code.

Also, the official website of the platform reports that users will also be able to earn Zircuit Points for future rewards by participating in the ecosystem and completing various quests. Zircuit says the information about it will be announced soon.

Notum’s Verdict

Zircuit is undoubtedly a pioneering platform with a unique zero-knowledge Layer 2 rollup structure. The protocol introduced artificial intelligence-based security and managed to increase transaction speeds, reduce costs, and significantly secure the network by introducing malicious threat detection.

The platform is easy to use and navigate, which is suitable for both experienced investors and beginners. Zircuit has its own bridge and offers Zircuit Staking Program, allowing users to generate rewards and earn Zircuit Points.

Zircuit protocol is currently a promising and efficient web 3 platform that, thanks to its layer 2 research, is likely to offer new innovative solutions and capabilities to both users and developers.

Disclaimer: Notum does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Cryptocurrency is subject to market risk. Please do your own research and trade with caution.