FAQ

Q: How is the ETH to $ZEN Exchange Rate calculated?

A: $ZEN is a reward bearing token like Compound’s cTokens. This means that native ETH rewards that are generated from staking are captured by the protocol and reflected in the price of $ZEN.

Q: What can you do with $ZEN?

A: Hold $ZEN in your wallet to collect rewards, swap or supply $ZEN on DEXs, or participate in DeFi opportunities as $ZEN is integrated into more DeFi applications.

Q: When will withdrawals on L2s be enabled?

A: In Phase 1, withdrawals will only be enabled on Ethereum mainnet. You can either swap on DEXs or bridge to Mainnet using our bridge partners Connext.

Q: How long does it take for $ZEN withdrawal to go through unstaking and cooldown?

A: Unstaking $ZEN from takes 7-days and the Beacon Chain queue may take up to ~1 additional week depending on the exit queue.

Your ETH will be available after the cooldown period has finished.

Q: If I swap my $ZEN into other ERC-20 tokens, do I still earn both EigenLayer and Zentura points?

No, you need to hold $ZEN in order to accumulate the associated rewards, unless you are holding LP tokens that represent the underlying $ZEN. Rewards are directly tied to $ZEN, remember, every $ZEN you hold accumulates 1 EigenLayer Point and 1 zenPoint plus any boosts.