Polyhedra Network Temporary Staking Program and Recent Developments

Polyhedra Network, the developer of Ethereum scaling solution zkBridge, has introduced a temporary staking program with rewards worth $1.13 million in USDT for participants. The staking program, running until July 11, requires participants to stake their tokens for at least one week. Participants can stake ZKJ tokens to earn rewards in ETHFI, ID, and CYBER tokens. To receive a minimum reward of $100, participants need to stake 1,000 ZKJ tokens. This move follows a controversy involving Matter Labs and Polyhedra Network, where Matter Labs attempted to trademark the term “ZK” despite Polyhedra Network already using it. In response, Polyhedra Network changed its token ticker to “ZKJ” and criticized Matter Labs for their actions. Matter Labs later abandoned the trademark application for the term “ZK.” Polyhedra Network also announced the launch of Expander, an open-source zk-proof system claiming to be the fastest globally, combining interactive proofs with advanced commitment schemes for transaction accuracy. The system is designed to be fast and deployable on various devices, including mobile phones.