ZKsync Sunsets Ignite, Its Liquidity Rewards Program, Amid Market Challenges

The ZKsync Ignite program will be discontinued after its first season, with the DeFi Steering Committee (DSC) announcing that rewards will cease on March 17, 2025. The decision is driven by a strategic shift towards focusing resources on the Elastic Network, which is seen as essential for the long-term vision of ZKsync. The DSC noted that while Ignite successfully increased total value locked (TVL) in the DeFi space, the need for seamless native interoperability is a priority, and the technology required for this is taking longer to develop. Additionally, the current bearish market conditions have prompted ZKsync to adopt a more conservative spending approach. All remaining rewards will be distributed by the announced date, and service provider contracts will conclude by March 30, 2025.

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