Zealous Swap

Building sustainable liquidity infrastructure for Kaspa's DeFi ecosystem | POL • Insurance Fund • Revenue sharing | Stake $ZEAL | TG:

[Zealous Swap @ZealousSwap]

🚀 BIG NEWS! Zealous Swap has officially been audited by @hexens!

🛡️The same world-class firm trusted by industry leaders like PancakeSwap, LidoFinance, Polygon, 1inch, and EigenLayer — with 200+ audits and a flawless 3-year track record — has given us their stamp of approval. ✅

Security and innovation are at our core. This is just the beginning. 🔥

Audit report: https://t.co/Lzn1UM5DpV

[hexens @hexens]

Hexens is happy to announce the completion of our security review for @zealousswap.

The first DEX in Kaspa Ecosystem.

Our audit focused on 5 key smart contracts, covering core DEX logic, NFT-based fee mechanics, staking, and farming systems.

Full report 🔽

[Zealous Swap @ZealousSwap]

@AppKaskad @Igra_Labs @RobinhoodApp Great work team 🤝

[Kaskad @AppKaskad]

📢KSKD liquidity update: expanding access across Igra and Robinhood chains.

We’re updating how we manage robinhood:0x6ddb8541af17dadea47df41d1c13faf8deee1902 liquidity to make trading more accessible and better connect our markets across @Igra_Labs and @RobinhoodApp chains.

With @ZealousSwap now supporting V3 pools, we can now migrate part of our trading liquidity to Zealous Swap, supporting KSKD trading directly on Igra.

This gives Igra users a more accessible on-chain venue to trade robinhood:0x6ddb8541af17dadea47df41d1c13faf8deee1902 within the Igra ecosystem.
In parallel, we will carry out a chain swap on @MEXC , transitioning its supported KSKD network to Robinhood Chain.

Why this configuration?

- More accessible trading on Igra: users will be able to trade KSKD through Zealous Swap on multiple pairs,  without leaving the Igra network.

- Better-connected markets: pairing Igra-based trading on Zealous Swap with Robinhood Chain support on MEXC creates additional routes for traders to move between markets.

- More opportunities for cross-chain arbitrage: these routes can help traders act on price differences between venues, supporting closer price alignment across the KSKD market.

💡Reminder: Official KSKD token contract addresses:

- Igra:
0x16d92794F5B81d2CdEd0F0958779A410401e6435

- Robinhood Chain: 0x6ddb8541Af17DAdEA47dF41D1C13faf8Deee1902

🌉Bridging remains available:

Users can already bridge robinhood:0x6ddb8541af17dadea47df41d1c13faf8deee1902 from Igra to Robinhood chain at a 1:1 ratio through the integrated bridge on https://t.co/DwrxGtxC7p. Bridging is optional, with no deadline set, and KSKD holders on Igra are not required to move their tokens to Robinhood Chain. They can already use robinhood:0x6ddb8541af17dadea47df41d1c13faf8deee1902 on Kaskad on both networks.

We will update with a precise ETA once available.

[Zealous Swap @ZealousSwap]

Zealous Swap X v3 is now live on Igra.

It enables multihop routing across V2 and V3 liquidity, giving traders access to better routes and better quotes in a single swap.

[Zealous Swap @ZealousSwap]

@AppKaskad ❤️❤️

[Zealous Swap @ZealousSwap]

@Milamegiampala @Igra_Labs

[Zealous Swap @ZealousSwap]

Zealous Swap X v3 is now live on Igra.

It enables multihop routing across V2 and V3 liquidity, giving traders access to better routes and better quotes in a single swap.

[Zealous Swap @ZealousSwap]

The reason is that the protocol can’t just move everyone’s liquidity for them. LP positions and the tokens inside them belong to the users who deposited them, not to ZealousSwap.

The contracts are also designed to be largely immutable, so when a new version launches, the old pools don’t simply disappear. Users choose if and when they want to move their liquidity to V3.

That’s part of what makes a DEX decentralized: the protocol can build better infrastructure and routing, but it doesn’t control users’ funds.

[Zealous Swap @ZealousSwap]

@Dk6810520Khan @Igra_Labs V2 or V3? Both.

[Zealous Swap @ZealousSwap]

@KuniNhanDN @Igra_Labs yes yes 🙌

[Zealous Swap @ZealousSwap]

V3 pools are now live on the Igra network, with router support activating as liquidity deepens.

kaspa:native

[Zealous Swap @ZealousSwap]

Deeper dive into the recent KRC-20 indexer exploit

[XXIM Podcast @xximpod]

🚨 NEW Episode w @emdin from @Igra_Labs & Louis from @ZealousSwap "Kasplex's recent exploit"

Full Video - https://t.co/6NT3vJ4TZI

[Zealous Swap @ZealousSwap]

V3 pools are now live on the Igra network, with router support activating as liquidity deepens.

kaspa:native

[Zealous Swap @ZealousSwap]

V3 pools launch on Igra October 19.

[Zealous Swap @ZealousSwap]

V3 pools launch on Igra October 19.

[Zealous Swap @ZealousSwap]

We made a commitment to the community. That commitment is now onchain.

118,672,498.26 ZEAL has been permanently burned across Igra and Kasplex L2.

That includes the entire 24M ZEAL team allocation, the Insurance Fund allocation, and the protocol controlled Farm and Infinity Pool reserves outlined in our recovery plan.

The burn exceeds the 97.43M ZEAL incident supply gap by more than 21.24M ZEAL, covering it approximately 1.22x and reducing ZEAL’s maximum supply from 240M to 218.75M.

There is no future team unlock from the burned allocation and no future inflation from the Farm and Infinity Pool reserves we removed.

The incident did not originate from ZealousSwap, but we chose to take responsibility for how we respond to it.

All six transactions are public and will be shared in the reply. 💜

[Zealous Swap @ZealousSwap]

All six burn transactions are below:
Kasplex L2
1. 24,000,000 ZEAL
https://t.co/OKW3GG0tZf
2. 7,200,000 ZEAL
https://t.co/OotUWv9QYd
3. 4,586,310.61 ZEAL
https://t.co/rNqQUsbnQS
4. 681,650.32 ZEAL
https://t.co/IXnW5KEcsd
Igra L2
5. 43,794,947.23 ZEAL
https://t.co/JBLq3ddq2Q
6. 38,409,590.09 ZEAL
https://t.co/Ny344c3pmy

[Zealous Swap @ZealousSwap]

We made a commitment to the community. That commitment is now onchain.

118,672,498.26 ZEAL has been permanently burned across Igra and Kasplex L2.

That includes the entire 24M ZEAL team allocation, the Insurance Fund allocation, and the protocol controlled Farm and Infinity Pool reserves outlined in our recovery plan.

The burn exceeds the 97.43M ZEAL incident supply gap by more than 21.24M ZEAL, covering it approximately 1.22x and reducing ZEAL’s maximum supply from 240M to 218.75M.

There is no future team unlock from the burned allocation and no future inflation from the Farm and Infinity Pool reserves we removed.

The incident did not originate from ZealousSwap, but we chose to take responsibility for how we respond to it.

All six transactions are public and will be shared in the reply. 💜

[Igra Labs @Igra_Labs]

Hyperlane bridge is back!

All 10 asset routes are open again: iKAS, USDC, USDT, WETH, cbBTC, SOL, TIBBIR, USDS, USDe and wstETH.

https://t.co/jqefspU94P

Igra’s Hyperlane routes have reopened after a pause that began on 20 September.

All routes now include an Igra-side check that screens outbound transfers against an on-chain registry of incident-linked addresses. Transfers from listed addresses are blocked on these routes.

This does not freeze token balances on Igra. Ordinary on-chain transfers remain unaffected.

The screening check was added by the route owners. Hyperlane’s role in the routes is otherwise unchanged.

Big thanks to the Hyperlane team for their responsiveness, hands-on help and support throughout.

Thank you for your patience and understanding. Our priority throughout the response has been to restore access and get things moving again on Igra, with stronger safeguards.

For questions about a flagged transfer or an incorrect listing, contact [email protected].

Happy bridging!

[Zealous Swap @ZealousSwap]

ZEAL Recovery Update

The Kasplex KRC20 indexer is now operational again, and the custody balances now align across the independent indexers. This gives us enough clarity to publish the current ZEAL supply situation and the recovery measures we are moving forward with.

The original KRC20 supply remains 240,000,000 ZEAL. Of that, 167,187,982.93 ZEAL is held by the bridge custody address and backs ZEAL on the L2s, while 72,812,017.07 ZEAL is held directly by users on KRC20 L1.

On the L2s, Igra currently holds 216,275,848.19 ZEAL and Kasplex L2 holds 48,337,560.83 ZEAL, bringing the combined L2 supply to 264,613,409.01 ZEAL. Since only 167,187,982.93 ZEAL is backed by L1 custody, this leaves a 97,425,426.08 ZEAL supply gap created by the KRC20 indexer incident.

As part of the recovery plan, the first decision we have made is to permanently burn the entire 24,000,000 ZEAL team allocation.

We believe taking responsibility should start with us. Even though the incident did not originate from ZealousSwap, preserving a future team allocation while the community deals with the consequences of the incident is not the direction we want to take. The full allocation will be removed permanently, and there will be no future team unlock.

Farm rewards and Infinity Pool emissions will also remain paused.

On Igra, we will burn 43,794,947.23 ZEAL in Farm rewards that have not yet been distributed and 38,409,590.09 ZEAL in future Infinity Pool emissions. This brings the total Igra burn to 82,204,537.32 ZEAL.

On Kasplex L2, in addition to the full team allocation, we will burn 7,200,000 ZEAL from the Insurance Fund, 4,586,310.61 ZEAL in undistributed Farm rewards and 681,650.32 ZEAL in future Infinity Pool emissions. The total Kasplex L2 burn will be 36,467,960.94 ZEAL.

Altogether, 118,672,498.26 ZEAL will be permanently burned.

This is 21,247,072.18 ZEAL more than the 97,425,426.08 ZEAL supply gap, meaning the gap is covered approximately 1.22x. Following the burns, the maximum ZEAL supply will fall from 240,000,000 to 218,752,927.82 ZEAL.

We also want to be very clear about what these burns do and do not change.

They do not reduce the ZEAL already circulating today. The tokens sold during the incident are now held by users who purchased them legitimately, and those trades remain valid. We will not rewrite what happened onchain or treat those holders differently.

Circulating supply was approximately 118,087,936.62 ZEAL before the incident and is approximately 215,627,642.88 ZEAL today, an increase of roughly 97,539,706.26 ZEAL.

The supply we are burning comes from protocol reserves that had not yet entered circulation. Before the incident, approximately 121.9 million ZEAL was still scheduled to enter the market over time through Farm emissions, Infinity Pool emissions, the team allocation and the Insurance Fund.

After these burns, that future supply overhang is effectively removed.

Approximately 98.6% of all ZEAL that will ever exist is already circulating. The remaining portion consists primarily of Farm rewards that users have already earned but have not yet claimed.

This means there will be no future team unlock from the burned allocation, no future Insurance Fund allocation entering circulation, and no further Farm or Infinity Pool emissions from the reserves being removed. ZEAL’s future inflation from these allocations is effectively eliminated. Approximately 98.6% of all ZEAL that will ever exist is already circulating, with the remaining portion consisting primarily of rewards farmers have already earned but not yet claimed. There is no longer a large emission schedule or unlock overhang waiting to enter the market.

We are still waiting for Igra to provide an update regarding the future of the funds recovered from the attacker, and we will update the community as soon as there is more clarity there.

👇

[Zealous Swap @ZealousSwap]

Looking forward, we will also explore new ways to reward Infinity Pool stakers and liquidity providers, especially as we continue building around Kaspa L1 covenants. We want future reward models to rely increasingly on real protocol activity and revenue rather than issuing additional ZEAL.

We also intend to continue reducing ZEAL supply over time through future burns funded by protocol fees generated across the L2s and by the upcoming Zealous Launch DEX on Kaspa L1.

This incident did not originate from ZealousSwap, but from the beginning we said we would take responsibility for dealing with its consequences as fairly as possible. This is a major part of that commitment.

Thank you for your patience, your trust, and for staying with us while we worked through a recovery plan we believe puts the community first. 💜

[Zealous Swap @ZealousSwap]

ZEAL Recovery Update

The Kasplex KRC20 indexer is now operational again, and the custody balances now align across the independent indexers. This gives us enough clarity to publish the current ZEAL supply situation and the recovery measures we are moving forward with.

The original KRC20 supply remains 240,000,000 ZEAL. Of that, 167,187,982.93 ZEAL is held by the bridge custody address and backs ZEAL on the L2s, while 72,812,017.07 ZEAL is held directly by users on KRC20 L1.

On the L2s, Igra currently holds 216,275,848.19 ZEAL and Kasplex L2 holds 48,337,560.83 ZEAL, bringing the combined L2 supply to 264,613,409.01 ZEAL. Since only 167,187,982.93 ZEAL is backed by L1 custody, this leaves a 97,425,426.08 ZEAL supply gap created by the KRC20 indexer incident.

As part of the recovery plan, the first decision we have made is to permanently burn the entire 24,000,000 ZEAL team allocation.

We believe taking responsibility should start with us. Even though the incident did not originate from ZealousSwap, preserving a future team allocation while the community deals with the consequences of the incident is not the direction we want to take. The full allocation will be removed permanently, and there will be no future team unlock.

Farm rewards and Infinity Pool emissions will also remain paused.

On Igra, we will burn 43,794,947.23 ZEAL in Farm rewards that have not yet been distributed and 38,409,590.09 ZEAL in future Infinity Pool emissions. This brings the total Igra burn to 82,204,537.32 ZEAL.

On Kasplex L2, in addition to the full team allocation, we will burn 7,200,000 ZEAL from the Insurance Fund, 4,586,310.61 ZEAL in undistributed Farm rewards and 681,650.32 ZEAL in future Infinity Pool emissions. The total Kasplex L2 burn will be 36,467,960.94 ZEAL.

Altogether, 118,672,498.26 ZEAL will be permanently burned.

This is 21,247,072.18 ZEAL more than the 97,425,426.08 ZEAL supply gap, meaning the gap is covered approximately 1.22x. Following the burns, the maximum ZEAL supply will fall from 240,000,000 to 218,752,927.82 ZEAL.

We also want to be very clear about what these burns do and do not change.

They do not reduce the ZEAL already circulating today. The tokens sold during the incident are now held by users who purchased them legitimately, and those trades remain valid. We will not rewrite what happened onchain or treat those holders differently.

Circulating supply was approximately 118,087,936.62 ZEAL before the incident and is approximately 215,627,642.88 ZEAL today, an increase of roughly 97,539,706.26 ZEAL.

The supply we are burning comes from protocol reserves that had not yet entered circulation. Before the incident, approximately 121.9 million ZEAL was still scheduled to enter the market over time through Farm emissions, Infinity Pool emissions, the team allocation and the Insurance Fund.

After these burns, that future supply overhang is effectively removed.

Approximately 98.6% of all ZEAL that will ever exist is already circulating. The remaining portion consists primarily of Farm rewards that users have already earned but have not yet claimed.

This means there will be no future team unlock from the burned allocation, no future Insurance Fund allocation entering circulation, and no further Farm or Infinity Pool emissions from the reserves being removed. ZEAL’s future inflation from these allocations is effectively eliminated. Approximately 98.6% of all ZEAL that will ever exist is already circulating, with the remaining portion consisting primarily of rewards farmers have already earned but not yet claimed. There is no longer a large emission schedule or unlock overhang waiting to enter the market.

We are still waiting for Igra to provide an update regarding the future of the funds recovered from the attacker, and we will update the community as soon as there is more clarity there.

👇