Company Updates

Summary of August '24

August was full of exciting developments for Earn Network, from integrating zkEVM Cronos Chain and launching the $MERY token bridge to introducing an NFT grant program and forming key partnerships.

Introduction

August was a month of exciting developments and partnerships for Earn Network, as we continued to expand our offerings and enhance our platform's capabilities. From announcing the integration of zkEVM Cronos Chain and launching the $MERY token bridge, to introducing a new NFT grant program and forming key partnerships, we've been hard at work bringing innovative solutions to our community. In this article, we’ll walk you through all the major highlights and updates that took place in August, showcasing our commitment to pushing the boundaries of DeFi and beyond.

Key Numbers 📊

There are currently 5,060 holders of the $EARN token on-chain. 🚀
Our platform saw a transactional volume of $16,419,511.12 with 7,173 stakers, underscoring the high engagement in our platform. 👥
The Earn Network's TVL is $2,4M highlighting the platform's influence and the community's trust in its staking features. 🏦
The Earn Network's DeFi Staking platform currently supports 78 diverse tokens, with over +350 rewards, alongside 16 NFT staking initiatives with +60 rewards. 🌟
During Airdrop Season 2, the Earn Network community jointly collected over 488,000 Earn Points. Impressively, the leading participant alone secured over 12,560 points, converting to more than $1,227, thus highlighting significant rewards which active involvement can bring on the platform. 💰

Development Highlights 📈

🟢 Anouncement of zkEVM Cronos Chain integration

In August, we were pleased to announce the upcoming implementation of Cronos zkEVM Chain. This exciting development will allow projects to use all of Earn Network's powerful tools on this innovative chain. With zkEVM integration, projects can now launch staking pools on Cronos, enabling their communities to earn revenue while supporting their favorite assets. This expansion underscores our commitment to providing cutting-edge solutions to the #crofam and beyond.

🌉 Bridge Development for $MERY token

This month, we expanded the capabilities of our Earn Network bridge by integrating $MERY tokens, allowing seamless transfers between the Cronos and BNB chains. This integration not only broadens the functionality of our bridge, originally designed for $EARN tokens, but also enhances the cross-chain interoperability within our ecosystem. The bridge is secure, fast, and user-friendly, making it easy for users to transfer their $MERY assets across chains. For more details, check out the full article below.

🪙 NFT Grant

We proudly announced the launch of our NFT Grant Program, designed to support NFT projects that wish to introduce staking solutions for their collections on Earn Network. This program offers up to $1,000 in grants to help projects get started with staking, providing a unique opportunity to enhance the utility and engagement of NFT collections. To learn more about how this grant can benefit your project, check out the full details in our latest article.

🌐 Announcing zkLink as the second partner for prediction market

This month, we were thrilled to announce our first blockchain launch partner for the upcoming Prediction Markets category: zkLink. This partnership will pave the way for creating and betting on multiple markets deployed on zkLink Nova, utilizing $ZKL and other network tokens. zkLink Nova is the first aggregated Layer 3 zkEVM blockchain network, offering unmatched composability, interoperability, and scalability, all secured by cutting-edge zero-knowledge proofs. This collaboration marks an exciting step forward as we prepare to launch our innovative Prediction Markets platform.

🌐 Announcing Omni as the second partner for prediction market

We’re excited to announce our second partner for the upcoming Prediction Markets: Omni Network. Omni Network is a blockchain that unifies multiple Ethereum rollups into a single, seamless platform, making it easier for dApps to access liquidity and scale efficiently. This partnership will enhance our Prediction Markets platform, delivering a superior user experience as we bring cutting-edge DeFi solutions to the crypto community.

👩🏻‍💻 Final Touches on Prediction Market Product

As we move into the final stages of development, our team is hard at work putting the finishing touches on our much-anticipated Prediction Market product, set to launch soon. This innovative product will allow users to create and participate in prediction markets, offering new ways to engage with and earn on the platform. We’re excited to bring this dynamic feature to our community, further expanding the possibilities within the Earn Network ecosystem. Stay tuned for the official launch and be ready to dive into the world of prediction markets!

🔍 Developing the RWA Product: Initial Design and User Experience

This month, our team has been working on the initial design and user experience for our upcoming Real-World Asset (RWA) product. We’re focused on creating a seamless and intuitive interface that will allow users to easily engage with and invest in tangible assets through the Earn Network platform. This is a crucial step in expanding our offerings and bringing more diverse and valuable opportunities to our community. Stay tuned as we continue to refine and develop this exciting new product!

🆕 New Staking Pools

Tokens:
- Osaka Protocol ($OSAK) on BNB Chain
- All Your Base ($AYB) on Base
- Papa Smerf ($PAPA) on Cronos
- Buy the Dip ($DIP) on Cronos
- Godcat ($GODCAT) on Base
- MAGA($TRUMP) on Base
- Chickencoin ($CHKN) on Ethereum
- Young Peezy AKA Pepe ($PEEZY) on Base
- Big Back ($BGBK) on Cronos
- PYRATE ($PYRATE) on Ethereum

NFTs:
- FomoPunks on Cronos

Community Growth 👥

🖼️ Partnership with Leugim project on Cronos

In August, we were excited to be announced as a partner of the Leugim project on Cronos, where we will be supporting the launch of their upcoming NFT collection. This collaboration highlights our commitment to fostering innovative projects within the Cronos ecosystem. Watch for more details as we prepare to share exciting updates about this partnership and the unique opportunities it brings to our community.

💍 Partnership with pieces.market

We’re thrilled to announce our new partnership with pieces.market, a web3 platform for fractionalized luxury investments. Together, we will be sharing experiences, exploring joint integrations, and working on initiatives that bridge DeFi with luxury RWA investments. This collaboration marks the beginning of a powerful alliance in the RWA space, leveraging the strengths of both Earn Network and pieces.market, both of which are part of the Aleph Zero Ecosystem Funding Program. Stay tuned for exciting developments as we work to bring innovative investment opportunities to the crypto community!

💰 New rewards under $EARN pools

We’re excited to share that we’ve just added $1,000 worth of rewards across all $EARN staking pools on Earn Network! These rewards are distributed in five different tokens across five chains, including $PEPE on Arbitrum, $TRUMP on Base, $LTC on BNB Chain, $APEPE on Polygon, and $MERY on Cronos. This addition enhances the earning potential for our community, offering diverse rewards for supporting the platform through staking. Dive into the pools and maximize your gains with these exciting new incentives!

🎥 Tutorial for adding rewards

We have taken a new step in empowering our community with the release of a detailed tutorial on our YouTube channel. In this video, Kate walks users through the process of adding rewards to any staking pool on the Earn Network. This guide is an essential resource for anyone looking to offer rewards to other users, making it easier than ever to incentivize participation.

🤝 Collaboration with projekt.lol

We’re excited to announce our collaboration with projekt.lol to offer free-of-charge staking solutions for projects launched on Aleph Zero! 🚀 Currently focused on L1 tokens, both Earn Network and projekt.lol are working to integrate Aleph Zero L2, which will expand our partnership even further. projekt.lol is a pioneering memecoins token launcher on Aleph Zero, enabling users to launch tokens within a few clicks that are instantly tradable on their platform. Once matured, these tokens are seamlessly moved onto a DEX with full liquidity. Stay tuned as we work together to bring even more innovative solutions to the Aleph Zero ecosystem!

Earn Network's Ecosystem

As always, we would love to hear your feedback. If there's something we can improve, please let us know.

Below, you can find the summary from July '24.