what's ZeroLend?
ZeroLend is a decentralized, non-custodial lending protocol deployed on Layer 2 networks such as zkSync. It provides users with a frictionless interface to supply assets, earn interest, and borrow against collateral using variable or stable interest rates. The protocol creates open liquidity markets, enabling efficient capital utilization in DeFi while leveraging L2 scalability for low fees and fast transactions. Built with influences from established protocols like Aave, ZeroLend emphasizes user onboarding to DeFi through intuitive features and integration with oracles like Pyth Network. It supports a native governance and utility token, fostering community-driven development and incentives for liquidity providers and borrowers.
ZeroLend has $371K LBTC stuck for 10 months due to unresolved withdrawal issues on Base market.
Suffered an exploit in February 2026 that drained a synthetic BTC product on Base, with recovery efforts underway.
Raised $3M in funding.
Wound down operations on February 17, 2026, citing declining liquidity, inactive L2 networks, oracle support issues, sustained losses, hacks, and a 98% TVL drop. Enables withdrawals and upgrades contracts for fund redistribution, part of a wave of DeFi protocol closures within a 34-day period.
Experienced withdrawal issues on Base market where $371K in LBTC became stuck and users remain unable to withdraw approximately ten months after the incident, with the team attributing the problem to "high utilization" without providing further explanation or resolution.
Distributed a $10,000 airdrop on Linea to sdZERO stakers, now claimable.
MET token claim website live with 163k MET tokens for ZERO holders, distributing 18% of token supply.
Turtle IGNITE vaults integrate with zerolend pools on Linea's Ignition platform, enabling USDT/USDC/WETH lending with additional Ignition rewards.
Protocol vaults reach 10 million TVL milestone.
Competing acquisition offers emerge for STG: cash offer from Wormhole versus lower token-based offer from ZRO
mUSD becomes default stablecoin for protocol operations on Linea network.
DeFiLlama begins tracking protocol vaults, expanding analytics visibility.
Linea airdrop funds allocated to ZERO stakers and native lending market development, prioritizing ecosystem growth over token buybacks.
Expands protocol services to TON blockchain as official lending layer provider.
$5M token unlock scheduled this week, expected to create market volatility and selling pressure.
New rewards streaming system active for sdZERO token holders with next distribution pending.
NECT offers 21% supply APY on Prime Market, currently the highest yield rate.
Multi-protocol yield stack launches on Berachain offering 234%+ ROE through integrated looping mechanism.
LP looping strategy currently offers 41% APY yield farming opportunity.
Protocol holds $23.9M TVL as 8th largest on Hemi Network, Bitcoin's largest L2 chain by TVL
Protocol achieves featured status on MetaMask Portfolio within Linea ecosystem.
10% of total veZERO supply now locked in Stake DAO staking program.
Protocol now holds largest NECT position on Euler Finance platform.
New market launches on Bera with $50,000 in multi-token incentives across 5 projects.
New testnet integration launches on Mezo Network, expanding lending capabilities to Bitcoin modular stack.
Bera vault launches this week with multiple protocol integrations.
New locker system launches with 6% of total veZERO supply locked.
Protocol expands capabilities through Euler integration and plans Berachain launch next week.
New reward program launches in partnership with Layer3 and Mezo Network, offering mUSD rewards post mainnet launch.
New Prime Vault market launches on Berachain with four ecosystem partners, including a $1B TVL lending platform.
Major integration with StakeDAO enables tradable staked tokens and enhanced utility, livestream announcement tomorrow at 3PM UTC.
Contributing approximately 27% of Linea's TVL.
Launched on Corn with new Royco Protocol incentives market for BTCN depositors.
First Royco Market offering dual token incentives: their native token and USDC, in addition to native yield.
Current metrics: $8M Market Cap, $250M TVL, MC/TVL ratio 0.03. $150M TVL on Ethereum. Launching on Berachain soon.
Launched DeBank quest with rewards: 1M ZERO tokens for 1st place, 500k for 2nd place, 500k split between 3rd-10th place for zLP stakers.