Zircuit incurs a TVL loss of 500 million as the secondphase incentive program commences

CoinWorld网报道：
In the past week, users of Zircuit, the second-layer network of Ethereum, have withdrawn $500,000 worth of assets from the protocol as the first phase of its reward program comes to an end.
According to DefiLlama data, Zircuit’s total value locked (TVL) has dropped from $2.5 billion a week ago to $2.1 billion. Zircuit reached its peak TVL in early May when it accumulated $3.5 billion.
Zircuit TVL-DeFILlama
The team may hope to reverse the downward trend of TVL as they begin offering a new round of rewards to users today.
According to Zircuit, the new season brings additional ways to earn rewards, such as deploying and interacting with contracts, as well as sending transactions. It will continue to reward users’ staked assets, including previously staked assets, with points.
Points activity
Zircuit launched its first points activity on February 24, allowing users to hold ETH and Ethereum token derivatives in exchange for Zircuitt points – expected to qualify holders for future airdrops – as well as earnings and points from deposited assets.
According to Dune’s dashboard, the first season has been successful early on, with over $96 million in deposits in stablecoins by users. These tokens are mostly the controversial USDe by Ethena.
On March 27, Zircuit followed up with its “Build to Earn” program, incentivizing its developer community to build infrastructure, additional tools, or deploy dApps on the Zipuit testnet, set to launch in November.
There are rumors of an upcoming airdrop by Zircuit, but the team has not yet confirmed an exact date. The network is still in the testnet phase as well. It is worth noting that users can withdraw their deposits from the mainnet at any time.