The largest record-breaking airdrop in crypto history!
More than 100,000 users have received an airdrop of 34% of the total supply of ZigZag tokens.
Here are the plans for our token👇
The anticipation is finally over..
Introducing: ZigZag's token!
This thread will go into detail about:
- Our community-driven airdrop procedure
- Launching our token as fairly as possible and the formation of ZigZag's DAO
- Round 1 of our public sale: the first IDO on
@zksync
!
We have heard our community loud and clear, and we are excited to announce..
Our first round of token airdrop! 🥳🎉
This round will be rewarding: Early market makers.
Check if you're eligible and find out more👇
In the last 24 hours, we've processed close to 100k transactions!
The surge in activity on
@zkSync
Lite has been remarkable.
The upgraded performance on zkSync Era will undoubtedly shock our traders 👀🤫
The moment many of you have been waiting for:
LIMIT ORDERS ARE LIVE.
Note: you can only have one order open per address at a time. We will be building out the limit order feature for easy use of multiple accounts per address, allowing you to open more limit orders.
Our first bridge is live on
@ZigZagExchange
, thanks to
@zksync
.
Our first bridge of many.
Ethereum ↔️ zkSync
Bridge over ETH, DAI, USDC, USDT or WBTC
Instant deposits, 30 minute to 7 hour withdrawals, 0% bridge tax, only tx fees depending on ETH L1 gas
The
#LUNAtics
have spoken: 25M UST has been added to the ZigZag market makers.
Furthermore, ZigZag MM's have removed liquidity from all USDC and USDT pairs, except UST/USDC and UST/USDT so people can still swap between them.
We are now fully focused on listing $UST pairs.
Community Spend Proposal 323 to provide additional $UST liquidity for
@ZigZagExchange
has now passed.
You can find further details of the proposal plans, which are a follow-up to the previously passed Prop 180, in the Agora post below:
The
@Arbitrum
Foundation has recognised ZigZag as one of the communities playing a key role within the Arbitrum ecosystem.
We are receiving Arbitrum tokens to support their governance on behalf of our community.
Tokens will be received at the multisig:
⚡ZigZag's vision⚡
1/ ZigZag has come a long way in the short span that we've been running, our team is highly enthusiastic about the future.
Please take your time to read this and understand our vision. It lays out our plans for StarkNet and zkSync 2.0's release👇
A significant development has gone live.
Introducing ⚡️Zap⚡️!
A new standard for cross-chain swaps and bridging with non-EVM compatible blockchains.
Safer, faster, better pricing, lower fees and more decentralised than the previous era of bridges. 👇
BIG UPGRADE:
ZigZag has launched its new order book DEX on
@Arbitrum
!
Experience lightning-fast trading with ZERO FEES at: .
But we are not done yet.. 👇
Can't wait for ZigZag's launch on
@zkSync
Era?
Well, hopefully soon!
While Era's development is still in progress, it will soon support the full functionality of ZigZag as an order book DEX.
Keep in mind that it is still early phases for this disruptive ZK-Rollup.
We hear you like
@argentHQ
's wallet app. We do too! But did you know you can connect the Argent
@zkSync
wallet to our website, only by scanning a QR code?
Enjoy the full trading experience when you’re on desktop, without the need to download browser extensions.
Scan the QR!
WE WON
@gitcoin
's GR12 IN 3 DAYS!👑
$165k - 10k donators
We're now able to hire more devs and hasten our development. A sincere thank you to all contributors. We couldn't be more delighted.
谢谢你们
What you can expect the next weeks:
- ZigZag integration in
@argentHQ
App
1/2
Something very cool about ZK rollups: Fees go *down* as usage goes up.
When we started swap fees were at $2 on
@zksync
. As our volume and chain usage increased that number has slowly gone down to ~$0.90, even while L1 fees have gone up.
1/6
ZigZag is again fully operational on Rinkeby testnet L2 zkSync 1.0 thanks to
@zksync
! Our market maker is up and running with enough liquidity for three pairs: ETH/USDT, ETH/USDC, USDC/USDT.
You can try out ZigZag for FREE:
.
A few tips & tricks👇
Big news. We've cut our fees by 40%!
Trading fees are now generated dynamically based on the
@zksync
network fee.
This means for the most part you'll be paying closer to $0.50 a trade rather than $1!
Introducing: InvisibL3!
Our brilliant team of developers from
@ZigZagLabs
have been working on a Layer 3 ZK Rollup for private transactions on StarkNet
@StarkWareLtd
, a feasible add-on to ZigZag Exchange.
Read our technical introduction:
1/2
The first round of airdrop has been distributed!
Market maker bots have been rewarded. Run by dedicated community members who provide liquidity and ensure users always have a counter party to trade with.
Look up your address to see if you are included:
Our
@gitcoin
grant is live and in time for GR12!
You can now donate to us if you want to support our development. We encourage you to do this through
@zksync
. Read our grant carefully and make your decision.
We thank you for your continuous support! ♥️
Should we create our own
@gitcoin
grant?
We've been self funding, but are getting a lot of requests from the community wanting to donate to us on
@zksync
. In these early development stages, donations would greatly help scaling up with more developers.
Our recent activity on
@zkSync
1.0 mainnet has been mind blowing.
In 24 hours:
- over 60,000 trades
- more than 20,000 users
Expect incredible new improvements and features at zkSync 2.0’s public mainnet release, planned EOY 2022.
You can now trade on our
@Arbitrum
's alpha release!
With upgrades made to our protocol:
- Placing multiple orders
- Functioning partial fills
We can now start taking fees, and for the first time, start earning revenue as a protocol.
Try it now at:
We're very excited to launch ZigZag Labs!
The potential of ZK Rollups for the wider Ethereum community should not be understated. With our first movers advantage we're planning on making a lasting impact.
Introducing ZigZag Labs!
We recognise the end-game solution for scaling Ethereum and making it accessible to the mainstream public is through revolutionary ZK-Rollups technology.
Our mission is to build an infrastructure of protocols that support this upcoming trend.
I'm gonna lay this out since it gets worse and worse everyday.
Multiple people have approached me in the past week with allegations that the
@ZKasino_io
team owes them money or defrauded them in some way.
Multiple former employees and contractors have contacted me to let me…
Please be informed that the ZigZag team does not promote any NFT project and does not endorse any NFT mint.
We are building our own NFT marketplace with permissionless listings!
And in fact, we have a little something ourselves.. 👀
ETH-USDC is now our most liquid pair with ~$1.5M of liquidity on either side within 0.5%.
Come fill those big orders on
@zksync
. You don't need Uniswap to trade size on ETH anymore.
@zksync
We from ZigZag Labs are extremely enthusiastic to announce our IDO. If you want to join our journey and believe in the growth potential of the ZK ecosystem, follow us for updates at
@ZigZagLabs
.
See you at Friday, 24th of June at 3PM UTC for our IDO.
~ ZigZag Team
We've got 3 big features lined up for the next 1-2 weeks.
1)
@zksync
withdraws take 30 min - 7 hours right now to reflect on mainnet. We've got a system in mind that should bring that down to 1 minute.
🧵
To all avid
@0xPolygon
users: why not bridge to
@zksync
and receive better prices on our DEX and enjoy the perks of layer 2?
Our feeless Polygon <> zkSync bridge has been live for over a week:
You can also find a link to our bridges in the zkSync wallet!
To pass on the 🎄Christmas spirit 🎅 we will donate $50k of our own funds to a charity and hopefully permanently change a few people's lives.
The charity needs to be able to accept crypto without KYC/AML checks. Suggest the charity of your choice in the replies 👇
Taking this week's 👑 of most new users on ALL L2 dApps!
The activity on
@zkSync
1.0 the past 7 days is CRAZY:
- 290,000 trades
- 71,000 users (all our followers?)
What do you like about ZigZag? And have you tried out our improved
@Arbitrum
DEX?
Let us know in the comments!
Would anybody be willing to send us 5 $AR token for USDC?
We're going to set up a zksync ->
@arweave
bridge so that anybody can access permanent file storage directly from zksync (for NFT content, permissionless pair metadata, etc.), but we don't want to KYC
1/ We are heading down a dark path:
As we've seen with the recent FTX collapse, centralised exchanges come with significant risks.
Because CEXs are controlled by a single entity, users are at the mercy of the exchange's security measures and trustworthiness.🧵
🚨 Our Discord has been compromised.🚨
Please note there is NO airdrop ongoing.
Avoid clicking phishing links.
We're working to resolve this; will update when we have regained control.
We're not just creating a revolutionary exchange, but also helping to change the world a step at a time.
We donated $50k to 4 organisations:
@SavetheChildren
- Afghanistan Crisis
@GiveDirectly
- Poverty Africa
@HappyHeartsIndo
- Build schools Indonesia
@YGGPilipinas
- Typhoon
1/2
To pass on the 🎄Christmas spirit 🎅 we will donate $50k of our own funds to a charity and hopefully permanently change a few people's lives.
The charity needs to be able to accept crypto without KYC/AML checks. Suggest the charity of your choice in the replies 👇
$50k ZigZag Mascot Competition!
Today we are launching a graphic design competition on our Discord () to find a mascot for ZigZag Exchange. The contest will last till the end of May. The final winner, determined by a community vote, will win $25,000!
1/3
This is why it's better to trade ETH-based tokens directly on an L2 rather than on Solana.
Your ETH on zksync is a direct representation of your ETH on L1.
Your ETH on Solana is a wrapped version that's subject to exploits.
10/ Conclusion
The airdrop may have concluded, but the journey is just beginning.
We are excited to continue building and growing, and we cannot wait to see what the future holds for ZigZag Exchange and our community.
Thanks for being a part of it.
WE WON
@gitcoin
's GR12 IN 3 DAYS!👑
$165k - 10k donators
We're now able to hire more devs and hasten our development. A sincere thank you to all contributors. We couldn't be more delighted.
谢谢你们
What you can expect the next weeks:
- ZigZag integration in
@argentHQ
App
1/2
Our alpha version Mammoth pool has been deployed on Goerli's testnet on StarkNet!
The first Balancer AMM on StarkNet allows anyone to list pairs while creating pools with custom token combinations in a permission-less manner
New UI coming soon, go test!
We're cruising towards some of our ATH stats once again. Yesterday:
Unique users - 5151
Trades - 15406
How will our
@0xPolygon
<>
@zksync
bridge (live soon) affect these numbers? 👀
$LUNA, $UST, $YFI, and $LINK are all live against USDC
Liquidity is limited to start, but we will slowly tack on more in the days to come
$STORJ has also self-listed, making them the first project to list themselves. Kudos to the
@storj
team!
We took the
#1
spot in
@gitcoin
's GR12 with $100k+ donated by 7k+ people in 2 DAYS, mostly through
@zksync
!
The community support is overwhelming.. We are speechless.
⏰ 19 hours left ⏰
Our
@gitcoin
grant is live and in time for GR12!
You can now donate to us if you want to support our development. We encourage you to do this through
@zksync
. Read our grant carefully and make your decision.
We thank you for your continuous support! ♥️
Tokens will be airdropped automatically around 20 January 06:00 UTC. There will be no need to claim the airdrop manually.
To check your eligibility for this airdrop round and how many ZZ tokens you will receive, take a look at:
You asked and we delivered.
1 min zkysnc withdraws are live on Rinkeby. To use:
1) Send ETH to 0xcc9557f04633d82fb6a1741dcec96986cd8689ae on zksync
2) Wait ~1 min for the next block to mine on L1
@zksync
Our team does not want to be the centralised party dictating the criteria of an airdrop.
That's why all user data will be published in a future post on our governance forum (); allowing our community to decide upon the eligibility criteria for an airdrop.
ZigZag token's price can now be tracked on Coingecko.
One-sided liquidity has also been added on Uniswap starting at the price of $3.5, for anyone wishing to buy on L1.
September was a great month for our
@zksync
DEX.
With an average of almost 2000 users a day we've reached a whopping 180,000 transactions.
We can't wait til zkSync 2.0 is live!
Thanks to everyone in the ecosystem:
@argentHQ
@Orbiter_Finance
@GetNumio
@gitcoin
Take a moment to pause. Think about the little things in real life, the physical world.
A kiss from a loved one, happy screams from playful kids, baby ducks in the park, tasting good food, smelling fresh cut grass, feeling sunlight on your skin.
What little things do you love?
.
@zkSync
Lite is still going through the roof!
ZigZag's monthly activity puts us on rank
#16
of all dapps with over 240k users and 100s of makers.
Lite remains a great place for small traders with one of the cheapest swap fees available in crypto.
Our Terra proposal has successfully passed. We sincerely thank
@terra_money
and all
#LUNAtics
who made this happen.
The 15M UST has been onboarded to zkSync and our market makers are running with deep liquidity on ETH/UST and WBTC/UST.
Expect more UST pairs soon!
1/ Community Spend Proposal 180 by the
@ZigZagExchange
team requesting a 15 million $UST deposit to bootstrap liquidity for UST pairs on their rapidly growing zkSync DEX on Ethereum is now live for voting 👇
We're averaging 500-600 users on our site trading at a time, far more than we were set up to handle, so we're going to upgrade our servers tonight.
Expect another 20 min downtime for that.
You guys are ABSOLUTELY CRUSHING it WTF 🤯 😍
In 13 hours over 2000 contributors donated more than $30k! This is absolutely insane. We are now
#16
Highest Amount Raised and
#26
Highest Contributor Count, while other projects had a 2 week head start.
Only 2,5 days left for GR12!
Our
@gitcoin
grant is live and in time for GR12!
You can now donate to us if you want to support our development. We encourage you to do this through
@zksync
. Read our grant carefully and make your decision.
We thank you for your continuous support! ♥️
.
@zksync
's ecosystem is growing: 85% increase in TVL the past 7 days (
@l2beatcom
). Exclude Loopring's and Boba Network's associated tokens and..
zkSync takes
#5
of all Ethereum L2s!
We can't wait to launch our NFT Marketplace to bump that TVL even higher! 🤝
We never stop shipping.
First off, a long awaited upgrade.. we are excited to share that our new UI upgrade is now live!
As rumoured, our Arbitrum expansion is also around the corner. ZigZag's multi-layer vision is becoming a reality sooner than expected.
Let's talk about ZigZag's token and its envisioned use case.
ZigZag Exchange's goal has always been to create a community-owned exchange where token holders are the equitable owners.
The key components here: Buy-backs and rebates.
Diving in detail about what this will mean 👇
Why use
@zksync
?
-ZK proofs
-Escape hatch
-Upgradeability takes 21 days
👉Least risk (
@l2beatcom
)
Use
@Orbiter_Finance
to bridge ETH
Arbitrum/Optimism/Loopring➡️zkSync
Use our
@0xPolygon
➡️zkSync bridge (UI and more liquidity next week) and start trading!
.
@zksync
's ecosystem is growing: 85% increase in TVL the past 7 days (
@l2beatcom
). Exclude Loopring's and Boba Network's associated tokens and..
zkSync takes
#5
of all Ethereum L2s!
We can't wait to launch our NFT Marketplace to bump that TVL even higher! 🤝
Past week 🐂
💰$52M total volume
📈Yesterday 24h record with $13.2M volume
🔢13 pairs, more upcoming
🥳Twitter poll passed to create
@gitcoin
grant, grant now waiting to be approved
📢Today's bonus: free unwraps with our new pair WETH/ETH
Got idle ETH? Earn 8% yield by swapping to icETH through ZigZag on
@zksync
with ~$0.20 swap fee.
An alternative to liquid staking solutions, such as
@LidoFinance
.
Time to share one of the best-kept secrets in DeFi.
You can earn 8% APY on ETH with icETH, in your Argent L2 account!
This is the highest yield option for ETH on L2 today.
Let us explain how it works, and how you can access it in Argent 🧵
Did you know?
Swapping on ZigZag Exchange's beta version of
@arbitrum
gives the best prices out of any other DEX, even compared to aggregators.
Efficiency in the use of liquidity between order book models versus AMM is incomparable.
Some scaling updates:
We've 5x'd our order capacity and dropped our error rate to under 1%.
Our system is ready to tack on more liquidity. Watch for some liquidity updates over the next couple days.
9/ Current development
Regarding StarkNet and zkSync Era, our contracts have been ready for a long time.
When one of the ZK-Rollups go live, we are confident that a lot of traders who traditionally use CEXs will convert into on-chain traders on ZigZag.
This is inevitable.
2/ Check your airdrop:
View your zkSync wallet at to see how many ZigZag tokens you received.
We have done multiple airdrop rounds so chances are high that your balance has increased over the last few days.
Binance did $1.5m volume in ETH/UST today. ZigZag did $5m in comparison.
It’s clear users prefer an instant plug & play order-book DEX over custodial exchanges.
Our upcoming v3 update will take the trading experience on ZigZag to the next level!
We will be discussing our transformative upgrades and features during our community call with
@TallyHoOfficial
on January 6th, 2PM EST.
Mark your calendars!
Join at:
Trustless cross-chain swaps from native BTC to USDC or ETH are in the works.
The instant settlement is set to blow minds.
Keep an eye out for the upcoming Lightning DEX🤫
Someone is spamming us with 10 orders per second and causing the orders to be unfillable. We have to go down for a few hours to figure out how to mitigate it.
Should we create our own
@gitcoin
grant?
We've been self funding, but are getting a lot of requests from the community wanting to donate to us on
@zksync
. In these early development stages, donations would greatly help scaling up with more developers.
ZigZag's market makers have listed alts against USDC (23 pairs) and USDT (19 pairs).
The past 24 hours we had more than 5000 unique users and a whopping 100+ market makers!
Which other alts would you like to see listed?