rewards

Zypher Network announced a collaboration with Galxe to launch the Zytron Game Carnival, where participants can earn Zypher loyalty points rewards

ChainCatcher news, ZK game data verification layer Zypher Network announced a partnership with the Galxe platform to launch a brand new Zytron Game Carnival event. Through this event, players will have the opportunity to win generous rewards including game assets, stablecoins, and Zypher loyalty points through various methods such as cross-chain bridging, gaming experiences, and staking.Zypher loyalty points will record the extent of user interaction with the zk game ecosystem, social media, and community participation. The points can be redeemed for future Zypher token airdrop rewards, providing players with more incentives and returns.The Zypher operations team stated that the event will continue until around the Zypher Network TGE, aiming to attract more players to join Zytron through multiple reward mechanisms and experience zero Gas zk games. At the same time, the event also provides developers with the opportunity to understand and develop zk games, allowing players, developers, and miners to earn rewards under multiple models such as Play to Earn, Develop to Earn, and zkMining to Earn, promoting the rapid development of the zk game ecosystem.Zypher Network, as the first project to combine zk technology with AI technology, is committed to building a universal data verification layer, focusing on the security and verification of game assets. Through ZK-Proof mining incentives, Zypher ensures data privacy protection and credibility, enabling Web 2.0 games to seamlessly migrate to the blockchain ecosystem. Its modular zero-knowledge proof technology and server abstraction architecture support the public verification of each game asset state, ensuring a high-quality experience for players in the game and enhancing the flexibility and efficiency of game deployment.

The currently proposed Solana ETFs exclude staking rewards, with issuers following the precedent set by Ethereum ETFs

ChainCatcher news, Grayscale Investments and the New York Stock Exchange (NYSE) submitted the 19b-4 filing for a Solana ETF to the U.S. SEC yesterday. With Grayscale's involvement, the only major crypto ETF issuers that have not yet applied for a Solana ETF are BlackRock, Fidelity, ProShares, and Ark. Notably, none of these proposed Solana ETFs will provide staking rewards to investors.This is not voluntary. Solana ETF issuers followed the precedent set by Ethereum ETFs, excluding staking rewards to comply with SEC guidelines. The details of the dialogue between Ethereum ETF issuers and the SEC remain unclear. However, the SEC seems concerned that staking rewards could be classified as securities, as well as the potential forfeiture risks associated with staking ETH.Therefore, when they began applying for the Solana ETF, these institutions opted out of staking from the start. Nevertheless, the issuers have repeatedly insisted that despite the lack of staking rewards, gaining compliant exposure to Solana directly in brokerage accounts makes these products still attractive.However, for Solana, the opportunity cost of forgoing staking is much higher than for Ethereum. According to the Ethereum Foundation, the current staking annual yield for Ethereum is 3.4%. According to data from 21.co, the average staking annual yield for Solana over the past week is 11.4%. The staking rewards for SOL are not always that high, but even in the relatively sluggish month of August, its yield exceeded 8%.
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