Compete.Finance was a decentralized finance project launched on zkSync Era in 2023 with plans to combine decentralized trading, yield farming, staking and token-based community participation.
Its ecosystem revolved around a utility token called Victory Token (VICTORY), alongside a related xVictory asset described by the project in its early materials.
Compete.Finance is no longer considered an active project by Chainquiry. Its former website is unavailable during our September 2026 review, and its surviving public material is largely historical.
That makes Compete.Finance useful to examine not as a currently operating DeFi protocol, but as an example of an early project built around the launch of zkSync Era.
Compete.Finance at a Glance#
| Project | Compete.Finance |
| Token | VICTORY |
| Category | DeFi |
| Network | zkSync Era |
| Token type | ERC-20 |
| Announced launch | April 2023 |
| Original products | DEX, yield farming, staking, launchpad |
| Governance concept | Community-driven |
| Related token | xVictory |
| Current status | Inactive |
What Was Compete.Finance?#
Compete.Finance was designed as a collection of decentralized-finance services running on zkSync Era, an Ethereum Layer 2.
The project announced its launch on zkSync Era mainnet in April 2023.
Its early materials described several planned or available DeFi components:
- decentralized token trading
- liquidity provision
- yield farming
- staking
- a launchpad
- community governance
The project positioned these services around zkSync Era’s lower transaction costs and higher transaction throughput compared with directly interacting with Ethereum mainnet.
Rather than creating its own blockchain, Compete.Finance operated at the application layer on top of zkSync Era.
Why Did Compete.Finance Use zkSync Era?#
zkSync Era is an Ethereum Layer 2 network based on zero-knowledge rollup technology.
It processes transactions away from Ethereum’s base execution layer, groups state changes into batches and submits validity proofs back to Ethereum.
For a DeFi application such as Compete.Finance, the attraction was straightforward: users could interact with smart contracts without paying the same transaction costs typically associated with Ethereum mainnet.
This was especially relevant to products involving repeated transactions, such as:
- token swaps
- adding or removing liquidity
- claiming farming rewards
- staking
- interacting with launchpad contracts
Compete.Finance did not control or operate zkSync itself. It was an application intended to run on the network.
What Was the VICTORY Token?#
Victory Token (VICTORY) was the utility token associated with Compete.Finance.
The project’s 2023 Bitcointalk announcement described VICTORY as an ERC-20 token with a stated total supply of:
100,000,000 VICTORY
Early project material associated the token with several ecosystem functions, including governance, staking, liquidity provision and incentives for community participation.
An official Compete.Finance launch article also referred to a related xVictory asset.
The project described VICTORY as having roles including:
- community participation
- governance
- staking
- liquidity incentives
- ecosystem rewards
These descriptions represent the project’s original intended token design. They should not be interpreted as evidence that those functions remain available today.
A Note on VICTORY Tokenomics#
Surviving Compete.Finance materials contain figures that need to be read carefully.
The project’s Bitcointalk announcement stated a 100 million VICTORY total supply.
An official Medium article from April 2023 separately referred to 100,000 tokens being available through a community distribution or fair-launch mechanism.
Those figures appear to describe different concepts rather than necessarily the same supply measurement.
For that reason, it is safer to preserve the documented 100 million total-supply claim while treating smaller distribution figures as specific allocations rather than the token’s maximum or total supply.
Historical token-sale databases also contain differing information about proposed seed, private and public-sale rounds.
Anyone researching historical VICTORY tokenomics should therefore distinguish between the stated token supply and planned sale allocations.
What Was xVictory?#
Compete.Finance’s own launch material referenced xVictory alongside VICTORY.
The project described the two assets as part of its wider DeFi and community ecosystem.
However, surviving public documentation does not provide enough independently verifiable technical detail to confidently reconstruct every xVictory mechanism or determine how fully those systems were deployed.
For historical research, VICTORY can be verified as the principal token named by the project, while claims about additional token mechanics should be treated according to the documentation available at the time.
Decentralized Exchange#
A decentralized exchange, or DEX, was one of the central parts of the Compete.Finance concept.
DEXs allow users to trade cryptocurrency through smart contracts rather than depositing assets into a conventional centralized exchange account.
Compete.Finance marketed its implementation around the faster and less expensive transaction environment offered by zkSync Era.
Operating on a Layer 2 does not eliminate DeFi risks, however.
Users of a DEX can still encounter:
- smart-contract vulnerabilities
- malicious or counterfeit tokens
- liquidity shortages
- slippage
- wallet approval risks
- impermanent loss when supplying liquidity
The network used by a DeFi application and the security of the application itself are separate considerations.
Yield Farming and Liquidity#
Compete.Finance also promoted yield farming and liquidity provision.
Liquidity providers deposit assets into smart-contract pools that traders can use when swapping tokens. Depending on the protocol, liquidity providers may receive trading fees, token incentives or both.
Yield farming generally extends this model by adding additional incentive tokens for users who deposit or stake particular assets.
Compete.Finance planned to incorporate VICTORY into this incentive structure.
Any historical APY or reward figure should not be treated as current. DeFi yields depend on token emissions, trading volume, liquidity, asset prices and smart-contract rules, and can change rapidly.
Staking#
Staking formed another part of the proposed Compete.Finance ecosystem.
In this context, staking referred to depositing or locking ecosystem tokens into smart contracts in exchange for protocol-specific rewards or benefits.
This is different from consensus staking on a Proof-of-Stake blockchain.
Compete.Finance did not use VICTORY to secure zkSync Era’s underlying network consensus. Instead, staking was an application-level DeFi function.
That distinction is important because the word “staking” is frequently used for technically different mechanisms across cryptocurrency projects.
Community Governance#
Compete.Finance consistently described itself as community-driven.
Victory Token was intended to give participants a role in governance and incentivize engagement with the ecosystem.
The project’s original announcement referred to this model as a DAO-oriented approach.
As with other governance-token projects, the practical significance of that system depends on whether governance contracts, proposals and voting mechanisms were actually deployed and actively used.
The surviving public record establishes the project’s governance intention more clearly than it establishes the long-term operation of an active DAO.
What About Compete.Finance’s Security Claims?#
Compete.Finance historically promoted security and smart-contract auditing as part of its platform.
However, Chainquiry could not identify sufficient surviving primary documentation to independently verify the scope, date or findings of a completed audit during its September 2026 review.
Even where a smart-contract audit exists, it should not be interpreted as a guarantee that a DeFi protocol is secure.
Audits examine particular versions of code within a defined scope. They cannot eliminate risks such as implementation errors, compromised interfaces, malicious approvals, economic exploits or vulnerabilities introduced through later updates.
Historical security claims should therefore be considered alongside verifiable audit documentation and the current operating status of the protocol.
What Happened to Compete.Finance?#
Compete.Finance’s surviving public footprint is concentrated around its 2023 launch period.
The project announced its zkSync Era deployment in April 2023 and published information around VICTORY, decentralized trading, farming, staking and a launchpad.
By Chainquiry’s September 2026 review, the project’s former official website at compete.finance was no longer reliably accessible.
Current search results also provide little evidence of continuing official development or an actively maintained Compete.Finance application.
Chainquiry therefore classifies the project as:
Inactive
Inactive does not necessarily establish why development ended or identify a specific shutdown date. It means Chainquiry cannot currently verify an operating project from the available official infrastructure and recent public activity.
Is Compete.Finance the Same as zkSync?#
No.
Compete.Finance was an application built on zkSync Era.
zkSync is the underlying Ethereum scaling ecosystem and continues to exist independently of Compete.Finance.
The distinction can be thought of as:
Ethereum → base settlement layer
zkSync Era → Ethereum Layer 2
Compete.Finance → DeFi application deployed on that Layer 2
The disappearance of an individual application does not imply that the underlying network has stopped operating.
Is zkSync Era Still Active?#
Yes.
zkSync Era remains an operating Ethereum Layer 2.
Current official zkSync documentation describes Era as a ZK rollup that executes transactions away from Ethereum’s main execution layer and submits zero-knowledge validity proofs to Ethereum.
The network uses Chain ID 324 and ETH as its native gas currency.
Its continued operation should therefore be separated from the inactive status of Compete.Finance itself.
Can VICTORY Still Be Used?#
Chainquiry could not verify a currently operating official Compete.Finance application during its September 2026 review.
That means older references to staking, farming, governance or other VICTORY utility should not be assumed to remain functional.
A token contract can also continue to exist on a blockchain even after the application associated with it has stopped being maintained.
The existence of a token or historical transaction therefore does not establish that its original project remains active.
Users encountering VICTORY through an old wallet, exchange listing or blockchain explorer should verify the exact contract, available liquidity and current project status before interacting with it.
Why Historical DeFi Pages Need Verification#
Compete.Finance illustrates a broader issue in cryptocurrency research.
Smart contracts and old token pages can remain discoverable long after the websites, interfaces and teams around them become inactive.
Search engines may continue showing:
- old launch announcements
- historical token-sale pages
- outdated APY figures
- abandoned social accounts
- old exchange listings
- archived project descriptions
Those records are useful for understanding what a project intended to build, but they do not establish what remains operational today.
For inactive projects, the date and context of a source matter as much as the information it contains.
The Bottom Line#
Compete.Finance was a DeFi project built around zkSync Era during the network’s early mainnet period in 2023.
Its proposed ecosystem combined a decentralized exchange, yield farming, liquidity provision, staking, a launchpad and community governance around the VICTORY token.
The project was not its own blockchain. Instead, it used zkSync Era as its underlying Layer 2 environment.
Historical project materials document an ambitious community-focused DeFi platform, but the current situation is different.
As of September 2026, Chainquiry cannot verify an actively maintained Compete.Finance application, and its former official website is unavailable. The project is therefore classified as Inactive.
Its surviving announcements remain useful for documenting what Compete.Finance attempted to build, while any historical claims about availability, yields, security or token utility should not be treated as current.
Frequently Asked Questions#
What was Compete.Finance?#
Compete.Finance was a decentralized-finance project launched on zkSync Era in 2023. Its planned ecosystem included decentralized trading, yield farming, staking and a launchpad.
What was VICTORY?#
VICTORY was the utility token associated with Compete.Finance and was intended for ecosystem incentives, staking, liquidity and community governance.
What network was Compete.Finance built on?#
Compete.Finance was built on zkSync Era, an Ethereum Layer 2 based on zero-knowledge rollup technology.
Was VICTORY an ERC-20 token?#
The project’s 2023 announcement described Victory Token as an ERC-20 token.
What was the VICTORY total supply?#
The original Bitcointalk announcement stated a total supply of 100,000,000 VICTORY.
Is Compete.Finance still active?#
Chainquiry currently classifies Compete.Finance as inactive. Its former official website is unavailable and Chainquiry could not verify current official development or an operating application during its September 2026 review.
Is zkSync Era inactive too?#
No. zkSync Era remains an active Ethereum Layer 2. Compete.Finance was an application built on the network and should be evaluated separately from zkSync itself.
Is VICTORY the native token of zkSync Era?#
No. VICTORY was a Compete.Finance ecosystem token. zkSync Era uses ETH for network gas.
