Complete guide to zkSync: v1, v2 testnet and ecosystem apps
Thread656 words
Explains zkSync's SNARK-based rollup design, its confirmed future token and how to engage with v1 mainnet and the v2 testnet, listing testnet dApps by type to farm potential airdrop eligibility.
Key claims
zkSync v2 mainnet expected about 44 days after 15 Sep 2022
zkSync confirmed a token for relayer staking and governance
Distribution undetermined, an airdrop is widely expected
0/ #zkEVM rollups are the frontier of $ETH scaling & will unlock unprecedented scalability on L2 ⚡️
with @zkSync v2 mainnet just 44 days away, it's time to for a deep-dive into the #zkSync ecosystem 🔍
🧵 complete guide to #zkSync (0/26) ✨🙏
1/ @zkSync is a zk rollup-based scaling solution developed by
@the_matter_labs. v1 is already live on #$ETH mainnet supporting some basic payment & NFT operations, while #zkSync v2's general purpose #zkEVM is in the final stages of testnet and set to launch in just 45 days
2/ on @zkSync computations (tx & state changes) are processed off chain & batched into rollups by relayers that compute a zero knowledge proof a.k.a. a SNARK (succinct non-interactive argument of knowledge) that proves validity of the tx batch & submits the proof to $ETH L1
3/ for more information on zk-rollups, see:
x.com/expctchaos/status/1527419760593584136
4/ for more information on what the #zkEVM is, see:
x.com/expctchaos/status/1569717615282782209
5/ but I mentioned a token, didn't I?
well, @zkSync has already confirmed that it will issue a token at some point. The relayer node will be decentralized and the token will be used for both staking in nodes and governance
6/ how that token will be distributed remains unclear for the time being. However, most people expect @zkSync to follow in @OptimismFDN's footsteps and airdrop the token to the community
for more info, see here:
x.com/expctchaos/status/1527615565178753025
7/ how can you increase your chances of being eligible you ask?
there is a couple of things you can do. Let's dive into the #zkSync ecosystem
8/ one way to engage in the zkSync ecosystem is to engage with its v1 mainnet
connect your @MetaMask or @argentHQ wallet on wallet.zksync.io/ and make a few transactions or mint an NFT
9/ you can also use #zkSync v1 to contribute on @gitcoin
10/ @ZigZagExchange is also live on @zksync v1 and enables fast & seamless trading at low prices on L2, while providing a great UI/UX
11/ But let's dive into the @zkSync v2 testnet
all you need to get started is a MetaMask wallet with the zkSync alpha testnet set up
⚠️ I strongly recommend using a burner wallet
12/ to connect Metamask to @zkSync, add the zkSync alpha testnet network to the wallet as follows:
1) open the Metamask wallet and click on the network tab in the top center
2) click on "Add network"
3) fill in the details of #zkSync alpha testnet network & click "save"
13/ network info:
- network Name: zkSync alpha testnet
- new RPC URL: zksync2-testnet.zksync.dev
- chain ID: 280
- currency symbol (optional): ETH
- block explorer URL (optional): zksync2-testnet.zkscan.io
14/ zkSync v2's testnet is accessible here:
portal.zksync.io
request funds from the faucet, make transfers and bridge assets in to and out from zkSync and $ETH Goerli testnets
15/ but there are also many applications on #zkSync v2 testnet that you can explore. lets have a look at what the ecosystem has to offer
16/ Project name: @SyncSwap
Project type: Decentralized exchange using an AMM model
Testnet: syncswap.xyz
What to do: Swap, provide liquidity, wrap & unwrap USDs and stake/unstake $SYNC test tokens
17/ Project name: @mute_io
Project type: #MuteSwitch is a decentralized exchange using an AMM model
Testnet: testnet.switch.mute.io
What to do: Swap and provide liquidity
18/ Project name: @SatisDEX
Project type: Multi-chain orderbook DEX
Testnet: waiting for beta testnet (see tweet below)
What to do: mint test tokens & trade
x.com/SatisDEX/status/1560567087948787712
19/ Project name: @trustlessfi
Project type: Trustless borrowing/lending protocol
Testnet: zksync.trustless.fi/#/
What to do: Request assets, borrow $HUE against $TruETH & stake $HUE or provide liqudity
20/ Project name: @raise_fi
Project type: AMM-based DEX
Testnet: app.raisefinance.io/#/swap
What to do: Make a few trades
21/ Project name: @primex_official
Project type: cross-chain margin DEX
Testnet: app.primex.finance/trade
What to do: Mint test tokens & open trading positions
22/ Project name: MintSquareNFT
Project type: NFT marketplace
Testnet: mintsquare.io
What to do: Mint NFTs & buy or sell NFTs
5 images on X
What came next · since 15 Sep 2022
Show how the covered asset moved
This explainer walks through how things work without making a call on the token, so price moves since publication are shown as market context.
Mentioned for context
Since then
Zero has written 6 more pieces on zkSync since this one.
- Make ICOs Great Again: how VC-dominated token launches broke crypto marketsOn zkSync
- The ZK trademark saga: Matter Labs, zkSync and the community backlashOn zkSync
- zkSync Era as a volition: zkPorter accounts and Guardian-secured off-chain DAOn zkSync
- zkSync ZK Stack explained: hyperchains, L3 recursion and hyperbridgesOn zkSync
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.