veSync: Past, Now, and The Future

♻️ To all veSyners ♻️,

veSync
3 min readSep 1, 2023

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As the zkSummer campaign comes to a close, we look forward to our zkAutumn campaigns and bringing more to veSyncers. But it’s time to look back on what we have accomplished, look forward to our collective vision, and expand veSync to push and improve current ve33 models so that innovation can thrive as we solve complex problems with technology. We are grateful for our community and veSync holders who moved into this new year with us, and we hope you enjoy reading our first veSync milestone.

VESYNC: IN THE EARLY STAGES

During our initial kickoff, we raised 350ETH 🙌, reaching our Hard Cap within a few hours. Our Twitter followers surged and broke over 10,000 following members by June! Our Discord members have also increased by 3000 veSyncers, and with the collective help of all the members — we attained an ATH of 5.5M Total Locked Value (TVL), earning ourselves within the top 10 TVL of the ZKsync ERA ecosystem. These numbers are only the beginning but a proof of statement from strength veSync holders.

VESYNC: THE MOVE AHEAD

Before the summer of 2023, we significantly diversified the number of farms on veSync to meet the market’s needs that prioritize risk management and yields. We continue our plans through diversification within crypto, creating yield farms with Tier-1 protocols: beefy, velodrome, and a whole bunch more. Amid those sweet APY/APR, we added a strong class of real-world assets to be the first to onboard opportunities that present a lower-risk alternative in our current uncertain economic environment.

VESYNC: THE 🏆 $VEVS AIRDROP IN VESYNC & veZEALY CAMPAIGNS

Our long-awaited airdrop campaign is coming very soon! Though we will always be BUILDORs 🔨 first, the #community-first is on our minds. With the start of autumn, we will announce the preparations and tasks required to meet the veVS airdrop; we will be airdropping a whopping $22M veVS to all those who meet the requirements. (And yes, your #OATs count.)

🌕 VESYNC: veVS AIRDROP BREAKDOWN

  • zkSummer (800 OAT holders), TaskOn (1000 OAT holders): 20%
  • veZealy (Social Supporters) Ranked: 10% ~ 15%
  • veZealy (veVS airdrop Incentive Event: Swap & LP): TBA
  • veSync Leaderboard (TGE ~ Present): TBA
  • veSync Liquidity Provider: TBA
  • veSync Partner Protocols: TBA
  • Discord Role: 10%
  • veVS Locker: TBA

VESYNC: PARTNERSHIPS

In recent weeks, you may have seen several partnerships and collaborations with a hint of setbacks, including our integration of many wallets and strategic alliances with many protocols in zkSyncERA and TProtocol. We hope this medium article brings you all up to speed, and we’re actively seeking more partners to co-build the entire zkSync ecosystem and cross-chain partnerships later down the line as well!

💞 THANK YOU 💞

Further adoption will come with tripping over a few potholes and obstacles. However, the need for growth to create a ve33 DEX gamification process will persist, and veSync is excited to bridge that investment in this space. Early 2023 was just a start; the pace and quality will grow exponentially from here on out. We are thankful for all veSyncers who are still with us, and we hope you continue to stay, as there will be more to come!

# Best,
veSync Team

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veSync

veSync is a community-driven, ve(3,3) DEX on zkSync Era that centralizes DeFi liquidity.