zkSync Ignite Cycle 4
Below are the reward pools and distribution amounts for the current biweekly period (between Feb 17 - March 3):
| Description | Address | ZK Allocation |
|---|---|---|
| USDC-USDC.e 0.01% | 0x23c77a553aac0ad009441c856c05d117c1131e3d | 88,126.29 |
| WETH-ZK 0.3% | 0x3d7264539e6e3f596bb485e3091f3ae02ad01ef8 | 200,334.80 |
| USDC-WETH 0.3% | 0xeecb86c38c4667b46487255f41c6904df3d76f8f | 257,199.19 |
The primary adjustment for this round was the removal of the USDC.e-ZK 0.3% pool, however, the overall amount of $ZK allocated to this cycle is nearly the same as the last round.
One of the main goals for season 1 of the program is to reduce USDC–ETH slippage for a $1M trade, which is currently ~2.4% across all DEXs. Hence, the majority of the rewards this cycle are directed towards the Uniswap USDC-WETH 0.3% pool.
The above graph details market share by daily volume since the start of the year.
As far as impact of the incentives as of Feb 17, the results vary widely depending on the pool, with USDC-WETH 0.3% yielding the best results and the WETH-ZK 0.3% pools producing the worst results.
| Pool | TVL Change per $1 Incentives | Volume Change per $1 Incentives |
|---|---|---|
| USDC.e-ZK 0.3% | 7.49 | 1.7 |
| WETH-ZK 0.3% | 2.32 | -3.57 |
| USDC-WETH 0.3% | 124.53 | 26.05 |
| USDC.e-USDC 0.01% | 66.97 | 8.82 |
The native $ZK token pairs have not performed as well as USDC and ETH pools, which is indicative of Uniswap lagging behind some native DEXs with native token trading—but sustaining activity for non-native blue chip assets.