Polyhedra Network, the developer behind zkBridge, has announced a temporary staking program offering participants tokens worth a total of $1.13 million in USDT value. This four-week staking event comes on the heels of resolving a trademark dispute with Matter Labs.

Details of the Staking Program

The staking event allows token holders to stake their ZKJ tokens in exchange for rewards in ETHFI, ID, and CYBER tokens. According to a Notion announcement by Polyhedra, the program runs until July 11 and requires participants to stake their tokens for a minimum of one week. To earn at least a $100 reward, participants must stake 1,000 ZKJ tokens, approximately valued at $1,110 based on current market prices.

Background: The ZK Trademark Dispute

The launch of this staking program follows the resolution of a dispute involving Matter Labs, the company behind the zkSync layer-2 solution. Matter Labs had attempted to trademark the term “ZK,” which led to backlash from the crypto community and senior ZK researchers. Critics argued that ZK innovations should be considered a public good accessible to all, rather than being subject to exclusive intellectual property rights.

The controversy began when Matter Labs filed for trademarks on “ZK,” despite the ticker already being used by Polyhedra Network for its token. In response, Polyhedra Network changed its ticker to “ZKJ” and criticized Matter Labs’ actions as those of “a robber and a thief, not a blockchain builder.” Matter Labs later clarified that the trademarks were intended to ensure the free use of terms like “ZK Sync” and “ZK Stack,” which are associated with the company.

With the trademark drama resolved, Polyhedra Network is focusing on its new staking program, offering substantial rewards to its community. This development marks a positive step forward, emphasizing new opportunities and growth within the network.