Polyhedra Unveils Staking Program to Compensate for Legal Turmoil
CryptoNewsTerminal Staff03 Jun, 2024
Polyhedra Unveils Staking Program to Compensate for Legal Turmoil
Polyhedra's Staking Program to Mitigate Legal Disruption In response to the ongoing legal battle with zkSync developer Matter Labs over the 'ZK' trademark, Polyhedra (ZKJ) has announced the launch of a staking program to compensate for the inconvenience caused by the ticker change to ZKJ. Starting from March 10th, the four-week staking program will reward participants with ETHFI, CYBER, and ID tokens. Previously, Matter Labs filed for ZK trademarks in nine countries, prompting Polyhedra's announcement to modify its ticker from ZK to ZKJ. This staking program aims to alleviate the inconvenience faced by Polyhedra's community due to the ticker change and demonstrates the team's commitment to supporting its users despite the legal challenges.
