Deep Chao TechFlow news, Starknet ecological lending protocol zkLend announced that it has opened the airdrop query channel and will open ZEND airdrop applications on March 14.
zkLend says that more than 35% of the zkLend token economy is dedicated to reward distribution, which includes future airdrops as well as other incentives. The second quarter airdrop will align with the transition to modularity and the launch of important key product features, including independent markets, vault strategies, and trade builders.
The Season 1 airdrop will distribute 3,890,250 ZEND tokens to 42,695 early backers, representing approximately 4% of the total supply. 25% of airdrop claims will be unlocked immediately on March 14, with the remainder vesting linearly within 90 days until June 12, 2024.
Starting next week, eligible users holding $ZEND will be able to deposit the token back into the protocol to secure their security module and earn rewards.