Users can stay informed about the Phase 1 launch and $ZERO Airdrop by visiting the ZeroLend website, following social media channels, and reading official announcements and guidelines provided by the ZeroLend team.

ZeroLend employs robust security measures, including smart contract audits and encryption, to safeguard users’ deposited assets. Additionally, the platform continuously monitors for potential risks and vulnerabilities to maintain the integrity of the protocol.

ZeroLend operates on zkSync, ensuring efficient and secure transactions.

No, each participant can only join the ZeroLend Airdrop once.

ZeroLend automatically liquidates undercollateralized loans to maintain the stability of the protocol. When a loan falls below the Liquidation Threshold, the collateral is sold off to repay part of the outstanding loan balance.

Max LTV represents the maximum ratio of the loan amount to the value of the collateral. A higher Max LTV allows borrowers to borrow a larger proportion of their collateral’s value.

ZeroLend employs state-of-the-art security measures, including encryption, multi-signature wallets, and smart contract audits, to safeguard user funds and transactions. Additionally, ZeroLend continuously monitors for potential security threats and takes proactive measures to mitigate risks.

Unlike traditional banking, ZeroLend offers permissionless lending, allowing anyone to access its services regardless of financial or geographical background. Additionally, ZeroLend provides undercollateralized loans, enabling users to borrow tokens with a lower collateral requirement compared to traditional finance.

The Liquidation Threshold is the value at which a loan becomes undercollateralized and is at risk of liquidation. If the value of the collateral falls below this threshold, the loan may be liquidated by the protocol.

Users can contribute to the ZeroLend community and ecosystem by actively participating in governance decisions, providing feedback and suggestions for platform improvements, and spreading awareness about ZeroLend through social media and word-of-mouth.