Polyhedra has introduced a temporary staking program, offering participants a total of $1.13 million worth of ETHFI, ID, and CYBER tokens, measured in USDT value.

Polyhedra Network, the developer behind zkBridge, has launched this four-week-long staking event. Token holders can stake their ZKJ tokens in exchange for rewards in ETHFI, ID, and CYBER tokens. The program runs until July 11 and requires participants to stake their tokens for at least one week. To earn a minimum reward of $100, participants must stake 1,000 ZKJ tokens, currently valued at approximately $1,110.

We are delighted to announce that the Polyhedra Network Staking Program is now live!

In other news, Matter Labs, the company behind the zkSync layer-2 solution, recently abandoned its attempts to trademark the “ZK” term following community backlash. The decision came after senior ZK researchers criticized the move, arguing that ZK innovations should be accessible to all.

The controversy started when Matter Labs filed for trademarks on “ZK,” aiming to secure exclusive intellectual property rights. Polyhedra Network, which already used the ticker for its token, responded by changing its ticker to “ZKJ” and condemning Matter Labs’ actions.

Matter Labs explained that it had applied for ZK-related trademarks to ensure the term could be freely used with names like “ZK Sync” and “ZK Stack,” associated with the company.

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