The ZilBridge mainnet launch was rolled out over the span of a few weeks in 2021. Here is a summary of our milestones:
ZilBridge Mainnet Launch
Users can begin:
Bridging WBTC,ETH, and USDT assets between Zilliqa and Ethereum networks;
Providing liquidity in zWBTC-ZIL, zETH-ZIL, and zUSDT-ZIL pools on ZilSwap; and
Trading zWBTC, zETH, and zUSDT on ZilSwap.
ZilBridge Incentives go LIVE
Bridging incentives and Lightning Liquidity Mining Rewardswill kick in on Wednesday, 6 Oct — meaning liquidity providers will start to earn $ZIL and $ZWAP rewards on zWBTC-ZIL, zETH-ZIL, and zUSDT-ZIL pools, and be able to claim these rewards the following week.
Starting 13 Oct,eligible liquidity providers will receive the following liquidity pool incentives:
$ZWAP: The three new pools will be eligible to receive ZWAP rewards as long as they meet the criteria outlined in LIP-9 of ZilSwap’s Lightning Liquidity Programme. Reward amounts will be automatically determined before the start of the epoch (every Wednesday) based on the LIP-9 proposal.
$ZIL: A bonus of 45.3m $ZIL (US $3.75m) (target APR of 50%) has been set aside to reward liquidity providers on the three pools. These rewards will be distributed over a span of 6 weeks so users are strongly encouraged to get into the pools early to maximise their yields