- With Scroll Marks, “Session One” grants liquidity providers access to DEXs and lending protocols.
Scroll is an Ethereum Layer 2 network that uses zero-knowledge (ZK) technology. Since the project’s June 21 launch of Scroll Sessions, the second phase of its airdrop points campaign, activity on Scroll has increased dramatically.
The total value locked (TVL) of the network has more than doubled since the points program started in April and has climbed by 15% in the last week to $840 million. Scroll has surpassed Starknet to become the eighth-largest Layer 2, as reported by L2beat.
In order to encourage liquidity, “Session One” offers points to DeFi users that contribute liquidity on decentralized exchanges like as Ambient and Nuri. Both of their TVLs have increased by 43% and 540% since the program went live.
By putting assets into lending protocols like Aave and Rho Markets, users can also earn Scroll Marks.
Scroll is probably going to benefit from airdrop farmers reallocating their assets in search of the next potentially profitable airdrop, since many highly anticipated projects like Blast, zkSync, and LayerZero have recently launched their tokens.
At a $1.8 billion value, Scroll raised $50 million in investment in March 2023.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
