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The L2 network ZKFair has activated Gas fee dividends, and the total amount of ZKF staked has now exceeded 2.5 billion

The L2 network ZKFair has activated Gas fee dividends, and the total amount of ZKF staked has now exceeded 2.5 billion

2024/01/15 06:36

Fair website.The official ZKFair of the ZK L2 network announced that it has now launched on-chain Gas fee profit sharing for ZKFair. All ZKF stakers can view their personal earnings in real time through the official ZKFair website. As the first L2 network to carry out Gas fee profit sharing, ZKFair officially launched the ZKF staking function on January 10th. As of press time, a total of 2.5 billion ZKF have been staked (accounting for 25% of total token volume), with an independent pledge address count reaching 34,871. Relevant pledging users will share 75% of total profits according to rules, and the remaining 25% will be distributed to Dapp developers.

In addition, every week, after deducting operating costs from its total Gas fee income, the protocol will automatically distribute profits at corresponding ratios to Dapp developer (contract deployer) addresses and into reward contracts for those who stake their ZKF tokens - this is released evenly over seven days.

ZKFair uses a token model that is fair-launched at 100%, with technical and computational support provided by Lumoz from platform 'ZK-RaaS'. USDC is used as a gas token by Zkfair whose mainnet went live in December 2023; up until now its on-chain TVL has reached $323 million USD making it currently ranked eighth in L2 leaderboard.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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