Security exploits have become an industry-wide concern. As of Q1 2024, over $321 million worth of funds have been lost to hacks across Web3 protocols.
A transparent and risk-free environment is critical to a DeFi protocolâs sustainable growth. This is especially crucial for lending and borrowing protocols, where systemic risks such as liquidity crunches, loan health, and potential insolvency are high.
The Token Generation event for a project is often considered the end of the protocolâs growth. Users who are farming incentives remove liquidity and exit the protocol. At ZeroLend, we believe that the launch of our token and the eventual decentralization of the protocol will catalyze tomorrowâs growth.
ZeroLend launched in 2023 with the aim of providing a seamless lending experience. Initially native to zkSync, our primary goal was to become the #1 protocol on zkSync.