About $80 million ZEC crosses into Zcash's new Ironwood pool in the first day
CoinDesk·
60-second summary
Approximately $80 million worth of ZEC is being transferred into Zcash's new Ironwood pool in the first day, marking a significant influx of funds. Roughly 5% of the retired Orchard pool's funds are being redirected, while the remaining $1.6 billion sits idle in a now-inactive pool. This shift may boost Ironwood's liquidity and attract more users to the network.
Roughly 5% of the funds in the retired Orchard pool have gone through the turnstile. The rest sit in a pool that can no longer take deposits.