Kroma Unveils Spectrum: Revolution in Ethereum Layer-2 Staking

Kroma unveils Spectrum, a native staking service for the Ethereum Layer-2 ecosystem. Spectrum allows users to stake ETH, stETH, and eETH and earn rewards from Ethereum APR, restaking, EigenLayer Points, Etherfi loyalty points, KSP (Kroma Spectrum Point), and wemix.e airdrop. The service features an innovative 'Hexa Reward' aspect that provides multiple revenue streams for participants. Spectrum is designed to enhance liquidity for staked Ethereum assets and offer additional earning opportunities within the DeFi sector.

Kroma Unveils Spectrum: Revolutionizing Ethereum Layer-2 Staking

May 14, 2024 - Kroma has officially unveiled the much-anticipated launch of Spectrum, an innovative and transformative staking solution designed to revolutionize the Ethereum Layer-2 landscape. Scheduled to commence operations on May 14, 2024, Spectrum empowers users to reap the benefits of staking ETH, stETH, and eETH, unlocking new earning opportunities within the decentralized finance (DeFi) ecosystem.

Transforming DeFi through Innovative Staking

The launch of Spectrum marks a significant milestone in the evolution of DeFi, introducing spETH, a proprietary risk-taking token tailored for synthetic assets. By utilizing spETH, users can optimize the liquidity of their staked Ethereum assets while accessing a myriad of trading and earning opportunities across DeFi protocols and applications integrated with the platform.

Spectrum's ecosystem has already gained significant momentum, onboarding reputable decentralized applications (dApps) such as Standard Protocol, Light Bank, Layer Bank, Shoebill, Zapanki Swap, Wellxy, PrixmSwap, and iZUMi Finance. These integrations serve as a catalyst for future growth as Spectrum continues to expand its dApp integrations.

Differentiation from Traditional Staking Platforms

Spectrum stands apart from traditional staking platforms by introducing the innovative 'Hexa Reward' mechanism, which provides a comprehensive suite of six rewards: Ethereum APR, restaking rewards, EigenLayer Points for staking Ethereum assets, Etherfi loyalty points, Kroma Spectrum Points (KSP), and wemix.e airdrop. Kroma will distribute 40,000 wemix.e based on accumulated KSP to users, creating a novel re-staking reward stream. This feature has garnered substantial attention from the industry and users alike.

Spectrum's unique infrastructure has positioned it as a frontrunner in DeFi innovation. Participants in the Spectrum ecosystem are rewarded with KSP, which can be acquired by holding spETH or participating in spETH-integrated applications and games on Kroma. KSP can be exchanged for KRO tokens upon their release.

Early Access Event and Ecosystem Expansion Plans

To celebrate its launch, Spectrum will host a two-week early access event that will double KSP points, maximizing rewards for early adopters. Kroma remains dedicated to collaborating with high-quality projects to bolster Spectrum's growing ecosystem.

About Spectrum

Spectrum, Kroma's native staking solution, offers high payouts through restaking while utilizing staking tokens in a diverse range of games and DeFi ecosystems on Kroma. By leveraging Layer-2 blockchain technology, Kroma overcomes scalability challenges associated with Ethereum while maintaining robust security and decentralization standards. Initially implemented as an Optimistic Rollup with zkEVM, Kroma plans to transition to a full ZK Rollup model in the future.

For more information about Spectrum and Kroma, visit the official website, Medium, Discord, and X channels for regular updates. A Referral Program is available for those interested in promoting the platform.

Please note that this press release does not constitute an investment solicitation or provide investment, financial, or trading advice. It is highly recommended that you conduct thorough research and consult with a qualified financial advisor before making any investment or trading decisions involving cryptocurrency or securities.