ZKasino's commitment to refunds raises questions, community feedback indicates that the 72-hour registration refund process is too short

2024-05-29 20:00:10
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ChainCatcher news, ZKasino stated yesterday that it has initiated a two-step bridging process, which will bridge ETH back to non-participating bridge users at a 1:1 ratio. The team also mentioned that they are still working hard and reiterated their commitment to making the project successful. However, the crypto community pointed out that ZKasino only gives bridge participants a short 72 hours to register (UTC time May 28, 14:00 - May 31, 14:00, all on business days). After three days, the registration function will be closed and deposits will also stop, which may prevent many from retrieving their deposits.

In addition, ZKasino has deliberately avoided addressing the staking rewards earned from user deposits. It is reported that after the Bridge-to-Earn program ends, ZKasino will convert investors' ETH into Lido's Wrapped Staked Ether. Given that the current Lido staking yield is 3.3% and the recent rise in ETH prices, the expected staking rewards will exceed $100,000.

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