Holdstation’s $700K Incubation Fund

Published on: 27.03.2024
Holdstation $700K Incubation Fund

Holdstation’s $700K Incubation Fund has been launched to support launchpad projects on zkSync. This fund is designed to nurture and incentivize projects within the ecosystem, with a primary focus on growing Community, Paymaster Alliance, and Launchpad Projects on zkStarter.

The Incubation Fund aims to discover innovative projects that enhance the current strengths of Holdstation and zkSync. Through backing these groundbreaking ventures, Holdstation seeks to accomplish multiple objectives. This is to broaden the zkSync ecosystem, speed up its acceptance, and cultivate a vibrant community of users and developers.

Holdstaion’s Mission

  • On zkStarter, launchpad projects receive incubation support for strong and rapid development through careful selection and strategic agreements for capital optimization.
  • The Holdstation fund supports community events like trading competitions and social media campaigns to create sustainable value for the Holdstation community.
  • Paymaster Alliance and Holdstation projects will benefit from a fund providing farming incentives and marketing campaigns to attract more users to Paymaster Alliance members.

Since the introduction of the Paymaster feature in Q4/2023, over 1,200,000 transactions have used HOLD for gas fee payments. It represents almost 30% of all Paymaster transactions on zkSync. The total HOLD used for gas fees has now surpassed 212,000. This results in savings of 88 ETH for users within the zkSync network.

Holdstation has amassed over $700,000 worth of HOLD tokens from Paymaster transactions and over $20,000 from user network fees in tokens such as MEOW, MUTE, and USDC.

For Security Reasons

To enhance security and transparency, collected funds will be transferred from the Holdstation Paymaster Contract to a new multi-sig address. This ensures straightforward monitoring for both users and projects.

  • Holdstation Paymaster: 0x4081e092F948Cffd946a75e1F556c13c372304bc
  • Paymaster Incubation Fund Multisig: 0x1E971702FdB409b6F59dd53a3F913C703667902c

Holdstation is pioneering the non-custodial derivatives trading platform, transitioning the brokerage model from Web2 to Web3. By utilizing smart contract wallet technology on layer 2 roll-up blockchains like zkSync Era, the products aim to enhance trading experiences and privacy for traders, resembling the simplicity of Web2 trading.

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