Welcome to Extreme Investor Network, where you can find all the latest news and insights on cryptocurrency, blockchain technology, and more. Today, we are excited to share some exclusive information about Cronos (CRO) Labs and their recent activation of yield rewards for vETH and vUSD tokens on the zkEVM network.
Cronos Labs has officially announced the activation of yield rewards for their vETH and vUSD yield-bearing tokens on the Cronos zkEVM network. This means that token holders can now claim their accumulated rewards through the designated rewards page. This move showcases Cronos Labs’ commitment to providing innovative opportunities for their users to earn rewards with their tokens.
But what exactly is the Cronos zkEVM network? It is a next-generation zero-knowledge Layer 2 solution that prioritizes scalability, security, and innovation. This network supports yield-generating cryptocurrencies like vETH and vUSD, which are powered by Veno Finance. These tokens can be utilized within the Cronos zkEVM ecosystem, offering additional earning opportunities through the Cronos zkEVM Pioneer Program.
So how can users earn rewards with their vETH and vUSD tokens? Rewards from these tokens are accrued daily and can be claimed periodically, such as on a monthly basis. If the tokens are deposited into a decentralized application (dapp) on the Cronos zkEVM network, the dapp may distribute rewards to its users in various proportions.
To track and claim rewards, users can visit the Cronos zkEVM Rewards page, where they can monitor both immediately claimable and pending rewards. Rewards become claimable after Cronos zkEVM finalizes at least five transaction batches on the Ethereum network, typically taking four to seven days based on network traffic.
It’s also worth noting that holders of zkCRO tokens do not need to claim their rewards separately. The rewards generated by zkCRO are directly reflected in the zkCRO/CRO exchange rate, which adjusts over time to factor in both the value of the originally staked CRO and the accumulated rewards.
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