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

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. 👇

We are currently investigating a critical exploit affecting the Kasplex KRC20 indexer. Based on what we know so far, the exploit allows an attacker to create unauthorized KRC20 balances, which were then bridged to Igra and Kasplex L2 and used to drain liquidity pools, including ZEAL and NACHO pools. We strongly advise everyone not to buy or interact with KRC20 tokens until the issue is resolved, as the exploit may affect any KRC20 token. We are in contact with the relevant teams and are working to block the exploiter from moving the remaining funds. More details will be shared as soon as we complete our investigation.