Staking zkSync (ZK) at 22% APR: Generating Passive Income with zkSync

2 min readAug 9, 2024

Overview of zkSync (ZK)

zkSync is a cutting-edge protocol designed to enable scalable, low-cost payments on ETH through zkRollup technology. By leveraging zero-knowledge proofs and ensuring on-chain data availability, zkSync maintains the security of users' funds, making them as safe as if they had never left the Ethereum mainnet.

Key benefits of zkSync include:

Low Gas Fees: Experience transaction costs as low as 1/100th of Layer 1 (L1) gas fees, with costs lower than those of optimistic rollups.
High Throughput: Achieve speeds of over 2,000 transactions per second (tps), a significant improvement compared to the 14 tps on L1.
Enhanced Security: zkSync transactions are secured by the Ethereum blockchain.
Seamless Transfers: Effortlessly move your cryptocurrency between L1 and Layer 2 with minimal delays.
Censorship Resistance: Retain full control over your assets, with the ability to withdraw them to L1 at any time.

Earning Potential with zkSync (ZK) Staking

By staking zkSync (ZK) tokens on the XBANKING platform, you can earn up to 22% APR. The minimum amount required to participate in staking is 1 ZK token.

Steps to Stake zkSync (ZK) Tokens

Visit the XBANKING platform and click on "Start Staking."
Locate the zkSync (ZK) staking pool.
Select the appropriate network.
Connect your wallet.
Enter the amount of ZK tokens you wish to stake.
Confirm the staking process by signing and submitting the transaction.

Once completed, you can monitor your staked zkSync (ZK) tokens via the Dashboard.

Conclusion

Staking zkSync (ZK) is a lucrative opportunity to earn passive income while supporting the security and decentralization of the blockchain network. By following the outlined steps and utilizing the XBANKING platform, you can confidently embark on your zkSync (ZK) staking journey. Happy staking!