ZCore Sails into DeFi Waters
ZCore has joined the growing list of early blockchain projects that are beginning to test the DeFi waters. In a recent announcement, the project’s team revealed that ZCore was fully entering the DeFi space.
The DeFi sector has grown significantly over the past year, with the total value of locked assets in the sector rising from around $900 million to over $26 billion. More recently, DeFi has been touted as the “future of finance.”
That being said, ZCore has deployed a wrapped token (wZCR) that would make it compatible with the Ethereum Blockchain. The wrapped token is pegged to the default ZCore token on a 1:1 ratio (i.e. 1 ZCR is equivalent to 1 wZCR). Whilst making the announcement, the CEO and founder of ZCore Erick Costa said:
Today, any self-respecting blockchain development team hasto be active in the DeFi ecosystem. This is exactly what the ZCore team has worked on the past few weeks. Now, ZCore has entered DeFi Space!
Meanwhile, ZCore’s recent voyage into the DeFi space would enable the decentralized trading of wZCR on Uniswap and yield farming on the Ethereum blockchain. For a start, the ZCore team has donated 10 ZCore Masternodes to kick-start its yield-farming program.