Holdstation Weekly Recap: Week 1, Feb 2024

Holdstation Weekly Recap: Week 1, Feb 2024

Date: 29th Jan 2024 -  5th Feb 2024


We've just wrapped up a fantastic week brimming with partnerships and achievements. From the perspectives of both Holdstation and zkSync Era, we've reached a point where we can confidently say we're on the right track. Let's dive into today's weekly wrap-up and explore these exciting developments.

Key Takeaways

  • zkSync leads in TPS for the sixth week, showcasing ecosystem dominance.
  • Holdstation's participation in zkSync Shark Tank highlights its growth and alignment with zkSync's vision.
  • DeFi activities on zkSync returning to peak levels.
  • Holdstation surpassed $1 million in fee collection, redistributing 80% to users.
  • Launch of high-APY WETH/HOLD farming pool on Mute.
  • New Paymaster Alliance with Orbiter Finance and partnership with Veggies Gotchie.
  • Upcoming community events including an exclusive NFT release for Holdstation x Velocore, and Valentine's Day giveaway.

    And more!

zkSync Ecosystem

For the sixth time, zkSync be able to maintain its dominance in weekly processing activities, leading all L2s in term of Transaction Processing per Second (TPS)

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Source: L2Beats

Holdstation recently participated in the zkSync Shark Tank, showcasing our current status, achievements, and future outlook in the evolving zkSync ecosystem. With backing from the zkSync community, Holdstation is excelling in the field, continuously breaking new all-time highs and rolling out exciting updates.

The phrase “ZK is the Endgame” has gone viral on Twitter following a post by zkSync. At Holdstation, we have always understood and embraced this ethos, hoping that our aligned vision will soon become a tangible reality.

DeFi activities on zkSync are showing signs of improvement, returning to their all-time high levels.

Source: Dune

Holdstation Weekly Recap

Weekly stats

Holdstation has just surpassed $1 Million in total fees collected, and we’re given back 80%, over $800K, to our dedicated users. Our stakers are making six-figure incomes thanks to #RealYield.

In the past week alone, Holdstation generated over $55,560 in fees. Of this, $HOLD and Vault stakers will share a combined yield of $44,448. This showcases the true power of real yield.

Our WETH/HOLD farming pool is now live on Mute. Users can maximize their earnings with an impressive 50% APY, the highest rate available in any Mute pool.

Weekly yield update

USDC vault

  • Total USDC Vault APY: 51.49%
  • Total Staked: 2,106,592 USDC

HOLD staking vault

  • HOLD Staking APY: 86.27%
  • TVL: 8,325,408 USDCHOLD
  • Staked: 2,190,897 HOLD
  • Percent Staked: 58.42%

Partnership Announcement

Holdstation Paymaster Alliance welcomes a major player: Orbiter Finance! This collaboration will integrate the Holdstation Paymaster feature, enabling gas payments in stablecoins on the Orbiter zkSync network. Orbiter joins the ranks alongside SyncSwap, Mute.io, and Velocore, becoming the 4th member of this alliance and bolstering the growth of Holdstation Paymaster on zkSync Era.

Holdstation also partners with Veggies Gotchie, embarking on a journey to drive innovation and mutual growth.

Events and Tasks

Holdstation x Velocore in the Paymaster Revolution. Celebrating Velocore's entry into the Paymaster Alliance, Holdstation is rolling out an exclusive NFT for users to claim in honor of this event.

Remember, Holdstation's Paymaster Grant is available for zkSync ecosystem projects seeking Paymaster integration. If you're looking to implement this technology and need funding support, connect us via email support@holdstation.com

Join Holdstation's Valentine's Day Epic Giveaway! Participate in the Task for a chance to win a share of $50,000.

Reminder: The Lunar Clash Trading Contest at Holdstation is heating up! With two weeks down, the competition for the $120,000 prize pool is fierce. Join the largest trading contest of Holdstation before it concludes on March 18th!

Looking Forward

As Holdstation continues to advance within the zkSync ecosystem, the focus remains on maintaining the momentum from these recent achievements and partnerships. The community can look forward to further innovative collaborations, enhanced platform features, and continued excellence in service delivery. With ongoing events and opportunities, Holdstation is set to strengthen its position as a leading player in the DeFi space, providing users with lucrative and engaging experiences.