vETH and vUSD yield-bearing tokens: yield rewards are live
vETH and vUSD yield-bearing tokens: yield rewards are live
Visit zkevm.cronos.org/rewards regularly to claim accumulated yield
vETH and vUSD are natively yield-bearing tokens available on the Cronos zkEVM network. Good news for all those holding vETH and/or vUSD, you can claim your yield rewards on this webpage starting today!
To ensure you have all the information you need, here are some frequently asked questions.
What is Cronos zkEVM?
Cronos zkEVM is a next generation zero-knowledge Layer 2 focused on scalability, security and innovation. It hosts natively yield-generating cryptocurrencies such as vETH and vUSD, powered by Veno Finance, which can be used across the Cronos zkEVM ecosystem. In addition to token yield, you can also earn loyalty points through the Cronos zkEVM Pioneer Program.
How can I earn rewards?
You can earn rewards from the yield collected by your vETH and vUSD tokens, with rewards accrued on a daily basis. To collect your rewards, you need to claim them every once in a while, for example every month. If you have deposited your vETH or vUSD into a dapp on Cronos zkEVM, the dapp will receive the rewards and may choose to distribute the rewards to their users and/or token holders in varying proportions.
Where can I see my rewards?
All rewards can be viewed on the Cronos zkEVM Rewards page. Pending rewards are accumulated daily, but they only become claimable after a few days.
On the Rewards page, you can track both your immediately claimable vETH and vUSD rewards, and the other pending rewards.
How can I claim my rewards?
On the Rewards page, head to the “Yield you earned” section. You can claim the rewards that are available for immediate claiming.
Pending rewards become claimable after Cronos zkEVM has finalized at least 5 transaction batches on the Ethereum network, which can take a variable amount of time depending on network traffic. On average it takes 4 to 7 days.
Do I also need to claim zkCRO rewards?
No. The native yield rewards generated by zkCRO become available directly to zkCRO token holders as the zkCRO/CRO exchange rate changes over time. The number of CRO tokens that can be redeemed for each zkCRO token varies to reflect not just the value of the underlying CRO staked originally, but also the accumulated rewards.