zkLend: the Starknet Money-Market Protocol Made for Profits
zkLend is another gem of the Starknet ecosystem, described as a user-friendly, secure and permissionless way to provide liquidity. You can lend assets right from your wallet and earn yield, or borrow comfortably based on your deposited assets.
Take a look at zkLend’s features below and discover the strategies to maximize your transactions on this Starknet money-market protocol using the Starknet Pro Score.
zkLend Snapshot
For a quick glimpse into the world of the zkLend Starknet dApp, take a look at its profile below.
| Activity Type | Money-Market Protocol |
| Category | DeFi |
| Launch Date | 03/2022 |
| Availability | Mainnet & Testnet |
| Description | zkLend developeed a user-friendly, safe, and effective money-market platform for lending and borrowing. It’s a permissionless lending market designed particularly for individual users who have the flexibility to lend and borrow digital assets directly from their wallets. By depositing digital assets into the system, you can earn interest from the borrowing activities of other users. Additionally, deposited assets can be utilized as collateral to borrow different assets. |
| USP | zkLend is the first Starknet lending dApp whose contracts have been fully audited by ABDK and Nethermind as well as formally specified by Nethermind since April 2023. As an advanced feature, zkLend Flash Loans are available for complex and time-sensitive transactions like trading on DEXs or arbitraging between various DeFi protocols. zkLend’s institutional platform offers institutions access to specialized DeFi markets while maintaining compliance and security. |
| Website | https://app.zklend.com/ |
zkLend’s Decentralization Prospects
zkLend has done its token airdrop on March 14, 2024. For $ZEND Airdrop season 1, zkLend distributed 3,890,250 ZEND tokens (approx. 4% of the total supply) to 42,695 of zkLend’s early supporters.
The ZEND token represents governance rights and utility functions within the protocol. Operating as an ERC-20 token on Starknet, ZEND is intended exclusively as a utility token, a tool to manage and do things in the zkLend ecosystem.
| Token distribution roadmap | Total supply: 100,000,000 ZEND |
| Decentralization roadmap | 3,890,250 ZEND tokens are distributed during the 1st zkLend airdrop. |
| Investment rounds completed | Seed round of $5M completed in March 2022 |
For more information on the best DeFi dApps on Starknet, discover this article: Best DeFi dApps On Starknet: Discover Which One Leads The Way
zkLend Community Overview
zkLend is actively expanding its community by involving them in fun campaigns, programs, quests. They also reward their community members with regular NFT giveaways.
| Community Campaigns and Programs | YES |
| Leaderboard | NO |
| Starknet Pro Score Integration | YES |
| Starknet Pro Score Campaign | TBD |
| Other Campaigns | YES, NFT projects |
| Socials | Discord: discord.com/invite/3v7RhwtJ8S Twitter: twitter.com/zkLend Telegram: t.me/zkLendAnnouncements |
| Discord Members | 46.3k |
A comparison of lending protocols on Starknet
| All users | |
| zkLend | 1,121,578 |
| Nostra | 196,487 |
| Hashstack | No data yet. |
Data from Orbiter on January 9, 2024.
Explore zkLend and Boost your Pro Score
zkLend is showcased in the dApp Gallery on Braavos. This integration allows seamless interaction with the Starknet Pro Score transaction tracker. New to Pro Score? Here’s what you should know.
As you do transactions within zkLend, your actions are automatically reflected in your Pro Score. Boost your Pro Score, and reach 100% to show off your mastery of the Starknet ecosystem.
Recommended zkLend transactions to grow your Starknet Pro Score:
- Add Liquidity (or Deposit)
- Remove Liquidity (or Withdraw)
- Borrow
- Repay
Check out the comprehensive Starknet Pro Score guide with detailed steps and insights to maximize your performance within the Starknet ecosystem.
Discover More Starknet dApps like zkLend: Enter the dApp Gallery
Finding relevant Starknet projects might take up a lot of your time, but don’t worry, we’ve got your back. Braavos’ dApp Gallery simplifies this task by compiling a collection of Mainnet projects you can access instantly with a single click.
This curated selection ensures that you engage with authentic projects, protecting you from fraud or phishing scams. However, it’s important to note that while we aim to facilitate secure connections, we cannot guarantee the absolute reliability of these dApps or their bug-free performance.
To gain access to the dApp Gallery, you only need to download the Braavos Wallet. It’s completely free of charge and doesn’t require any funds. You can easily explore its features and capabilities with the testnet function.
Enjoy your journey on Starknet and enhance your experience by growing your Pro Score along the way!
