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Zircon on BNB Chain is Live! Farm now with ZRG, BNB and USDT
Single-sided liquidity staking and impermanent loss reduction comes to BNB Chain.
We’re officially launching our protocol on BNB Chain, after announcing the decision a few days ago.
The BNB Chain blockchain hosts nearly $5 billion in total value locked and $7 billion in stablecoins, and is by far the largest blockchain in terms of daily active users. This makes it an ideal target for Zircon’s cross chain expansion.
Zircon is a decentralized exchange that enables liquidity providers to stake only one token to join its pools. Thanks to the Zircon Pylon technology, Zircon splits the DEX pools into the respective tokens, and vastly reduces impermanent loss for holders.
Pylon also enables Decentralized OTC-like trades — making it very easy to sell large amounts of assets with no slippage.
Zircon Pylon achieves two results for liquidity providers:
They get exposure to only their token. If they supplied ETH, they keep ETH in their portfolio. If they supplied USD, they keep USD.
Float and Stable holders have full control over their impermanent loss position, but with different risk profiles.
You can read more about how it works in our Knowledge Base.
Farming on BNB
So far we’ve deployed ZRG/BNB, ZRG/USDT and BNB/USDT farms, but soon we will be listing many more tokens and pairs.
We start with a higher reward Flash Farm lasting one day. Then they will be restarted with a normal monthly renewal.
The ZRG token on BNB is bridged from Moonriver thanks to our partners Multichain.org.
The bridge fee is just 0.1%, but there is a fixed minimum fee of 1900 ZRG.
The contract address for ZRG on BNB is 0x808a3f2639a5cd54d64ed768192369bcd729100e
Other addresses of deployed contracts are:
Pair Factory: 0x18b7f6A60d5BEE3c3a953A3f213eEa25F7eF43E9 Router: 0x6331958fE15E2Ef35A333bdAEa3Ac91932B7DBfd PylonRouter: 0xbF8BF6dCB055d5F911F9236924331486B57a8615 PylonFactory: 0x05d5E46F9d17591f7eaCdfE43E3d6a8F789Df698 FarmFactory: 0x319d993420E884f9eB285720C14121626Ba889fa PtFactory: 0x79E76fC3F58B0F4ea576493043dEef130E8c68Fb
The BNB Chain app is available at https://app.zircon.finance — always make sure the domain is correct!
Looking into the future
We’re super excited to take this step of “graduating” from our Moonriver deployment! We’ve been cooking up some very interesting ideas, which we’ll be revealing a little bit later and testing through Moonriver first. However, as existing farms finish we are likely to significantly reduce allocations in favor of other chains.
We’d like to thank our community for your continued support and enthusiasm. It’s only thanks to you that we’ve managed to overcome all of our challenges to bring us to this moment. Here’s to the next phase of Zircon’s growth!