On January 9, Veno Finance, a liquid staking protocol on Cronos (CRO), officially integrated with the zkSync Era Layer-2 blockchain scaling solution.
This implementation enables users on zkSync Era to directly engage in Ethereum (ETH) token staking, earning Liquid ETH (LETH) tokens; this development expands opportunities for yield farming within the decentralized finance ecosystem of Veno Finance, as per the latest information shared with Finbold.
The Veno protocol simplifies support for the Ethereum network among zkSync users. Its mechanism involves bridging ETH tokens between zkSync Era and the Ethereum mainnet, automating the staking and withdrawal processes on behalf of users.
How does staking on zkSync work?
By staking ETH natively on zkSync Era, users receive an equivalent amount of LETH tokens, providing an avenue to earn additional yield within its DeFi protocols.
Incentivizing liquidity providers of LETH, Veno intends to introduce its native VNO token to the zkSync Era blo
We współpracy z: https://finbold.com/veno-finance-unveils-initial-eth-native-liquid-staking-on-zksync/
