Cronos (CRO) Introduces zkEVM Bridge Campaign for CRO Staking

The
blockchain
ecosystem
Cronos
(CRO)
has
announced
a
new
campaign
to
promote
the
use
of
its
zkEVM
Bridge.
This
initiative
aims
to
reward
users
who
lock
and
stake
CRO
tokens
from
Ethereum
or
Cronos
EVM
into
the
Cronos
zkEVM
bridge,
accumulating
points
towards
the
Cronos
zkEVM
Pioneer
Program,
according
to

Cronos.

Get
Ready
for
the
zkEVM
Journey

The
campaign,
named
Cronos
zkEVM
Passage,
is
designed
to
incentivize
users
to
bridge
their
assets
to
Cronos
zkEVM
as
it
approaches
its
mainnet
launch.
The
bridge,
powered
by
Veno
Finance,
will
allow
users
to
lock
CRO
from
Ethereum
or
CRO/LCRO
from
Cronos
EVM,
earning
them
points
redeemable
for
additional
yield
in
participating
decentralized
applications
(dApps).

Campaign
Details

The
campaign
runs
from
July
4th
until
the
mainnet
launch
of
zkEVM.
Accepted
tokens
include
CRO
from
both
Ethereum
and
Cronos
EVM,
as
well
as
LCRO
from
Cronos
EVM.
Participants
need
to
visit
the

Cronos
zkEVM
bridge
page
to
lock
and
stake
their
assets.
These
assets
will
be
converted
into
zkCRO
and
locked
in
a
multi-signature
contract
until
the
mainnet
launch,
expected
in
Q3
2024.

Early
depositors
will
benefit
from:

1. Receiving
   zkCRO
   ready
   for
   use
   on
   mainnet.
2. Accumulating
   early
   adopter
   points
   in
   the
   Cronos
   zkEVM
   Pioneer
   Program.
3. Starting
   to
   earn
   staking
   yield
   on
   their
   CRO,
   with
   earlier
   deposits
   yielding
   more
   zkCRO.

Eligibility
and
Participation

The
campaign
is
open
to
anyone
holding
CRO
on
Ethereum
or
Cronos
EVM.
Those
holding
CRO
on
a
crypto
exchange
can
withdraw
it
to
Ethereum
(ERC20)
to
participate.
The
initiative
encourages
broad
participation,
welcoming
users
to
inform
their
peers
about
the
campaign.

Tracking
Your
Points

In
the
coming
weeks,
the
Cronos
zkEVM
Pioneer
Program’s
webpage
will
be
launched.
By
connecting
their
wallets,
users
will
be
able
to
monitor
their
accumulated
points
in
real-time.

Conclusion

As
Cronos
moves
closer
to
the
launch
of
its
zkEVM
mainnet,
this
campaign
provides
an
opportunity
for
users
to
join
the
journey
and
earn
additional
yields.
The
campaign
is
a
strategic
move
to
bolster
the
adoption
of
the
zkEVM
network,
offering
early
participants
significant
benefits.

For
more
information
and
to
start
depositing,
visit
the

Cronos
zkEVM
bridge
page.

Image
source:
Shutterstock