ZeroLend(ZERO) Available on Kucoin BurningDrop
ZeroLendZeroLend (ZERO) will be available on BurningDrop from 9:00:00 on April 24. 2024 (UTC). KCS pool will be opened during the subscription period for all users to subscribe. Additionally, during the Burning Acceleration Period, users who have already subscribed can choose to burn KCS to mine more ZERO airdrops.
Participation Ways: Web / App
Timeline:
- Subscription Period: 9:00:00 on April 24. 2024 to 18:00:00 on April 24. 2024 (UTC)
- Burning Acceleration Period: 20:00:00 on April 24. 2024 to 02:00:00 on April 25. 2024 (UTC)
- Staking Period: 02:00:00 on April 25. 2024 to 01:59:59 on May 15. 2024 (UTC)
Rewards Distribution:
- Total ZERO Allocation: 333.333.333
- Rewards Distribution: 50% of the ZERO rewards will be distributed before ZERO trading starts in the KuCoin Spot Market. The remaining 50% will be distributed after 1 month from the 1st distribution.
Calculation Method:
1) User’s Initial Allocation F = Individual staking amount of the Product * certain Distribution Coefficient * the price of staked assets in USDT at the start of the Subscription Period
e.g.Alice staked 50 KCS in the KCS-FOR-ZERO-20D section. Assume that the price of KCS at the start of the subscription period is $8. Thus, Alice’s Initial Allocation will be:
50 * 1 * 8 = 400
2) Accelerating Coefficient by burning KCS, namely V = 0.18452 * arctan (3.000 * ε - 2.08) 0.207166085. wherein ε = Amount of the KCS user burns / F
3) Single User Final Allocation after burning KCS = F’
4) F’ = (V 1) F
User Final Rewards of ZERO = (F’ / Overall Final Allocation) * Total AirDrop of ZERO
What is ZeroLend?
ZeroLend is the largest lending market on L2s - Linea, zkSync, Manta and Blast with a focus on liquid restaking tokens (LRTs) lending, real world assets (RWAs) lending, and account abstraction with over 200 million in TVL.
Website:https://zerolend.xyz/
Twitter:https://twitter.com/zerolendxyz
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