Zeta Market: Earn Genesis Epoch Rewards
Earn $ZEX by staking, trading and referring on Zeta Market.
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If you’re active on Solana you’ve probably heard all about the Zeta Markets airdrops. With the launch of the native $ZEX token, there’s been a lot of hype around the protocol. In this previous article, we covered how to potentially earn $ZEX by using trading on the platform to boost your Z-Score. In today’s article, we’ll be looking at how to support the platform by staking $ZEX to increase your chances of being involved in the staking airdrop. If you missed out on the $ZEX token and aren’t currently holding any, you can participate by getting yourself some $ZEX via the Jupiter exchange as you would with any other token. And if you aren’t a member of Zeta yet, you can fix that by using this referral link. Let’s go!
Why Stake Tokens?
Zeta has been busy targeting legitimate users throughout its airdrop season, aiming to build a loyal and engaged community that has a long-term focus and interest in helping the platform achieve growth. Part of the way they’ve done this is by rewarding users for using the protocol for trading, but there have also been active rewards for referring users to the platform, providing content on social media and staking your $ZEX rewards. While the usual whale activity has occurred during the points season, what all this means for the average user is that there is more than one way to get involved and build a profile. For smaller users, this is great news as it means the chances of earning some free crypto are still pretty good.
So it doesn’t matter if you’re a believer in Web 3 protocols, or a complete newbie to decentralized finance because staking provides many benefits to a project apart from the obvious financial rewards.
For the purposes of this article, we’ll be assuming you have $ZEX available in your wallet. As mentioned above though, if you don’t have any tokens, you can buy them through the exchange of your choice. You should, however, ensure you are purchasing the correct token.
The staking airdrop comes with some pretty good incentives, as up to 2% of the total supply has been allocated for staking rewards.
While we included a screencap in the article for you to review, it’s good practice to check out the full details for yourself in the whitepaper. You can find that via this link.
How To Participate?
To get involved, we’ll go to the “More” tab within the exchange and select the “Staking” menu.
Once we’re there we’ll scroll down and see the staking summary which will include a calculator and the ability to initiate the stake. We’ll do that next.
Once you’ve done this, you’ll be asked to name your staking account prior to doing the actual stake.
When it’s named we’ll hit next to process and then move on to the next step, which is trading our $ZEX for gZEX. To do this, we’ll need to choose a duration. As you’d expect a shorter duration pays smaller rewards while a longer duration has a stronger payout. As always, you should decide according to your own personal circumstances.
Once you’ve completed this step, you'll need to approve the transaction in your wallet. Once this is approved, you’ve now staked your $ZEX for gZEX, earning you both rewards and the ability to participate in governance.
Your staking allocation should be visible in the staking summary, giving you details on your total stake as well as the vesting schedule you’ve decided on. Once this is done, congratulations! You’ve now supported Zeta for the long term and potentially made yourself eligible for staking rewards.
What Next??
While you’ll often need to wait a while for some projects to close out their promotions and give you feedback, Zeta has been pretty clear in their marketing and documentation regarding how these promotions will work. So, for this one, final eligibility closes at the end of the Genesis Epoch.
As we can see from the included screenshot, this closure date is on the 25th of July. That means you’ve got just two weeks to wait before you get further news. On the flip side, if you aren’t involved yet, that also means you’ve got two weeks before you miss your chance entirely. So if you’ve got some spare Solana in your wallet, it might be time to put it to use!
Did you participate in the Z-Score battle and earn an airdrop? Have you staked your tokens, or created your own promotional content for Zeta? Tell us about it in the comments!
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