ZKsync founder Alex Gluchowski has unveiled a new tokenomics model designed to elevate the ZK token from a purely governance instrument to an asset with significant real-world economic utility.
New Revenue Streams for ZK Token
The proposed model integrates cross-chain fees and enterprise license revenues directly into the ZK token. All value generated through these streams will be managed by the community for purposes such as buybacks, burning mechanisms, staking rewards, and ecosystem funding.
Data from DeFiLlama indicates that ZKsync Era has accumulated a total revenue of $30.03 million. However, the revenue generated in the last year specifically amounts to $640,000.
Founder's Vision for Tangible Economic Benefits
“ZK was launched as a pure governance token. However, with interoperability and the real-world adoption of Prividiums, this proposal aims to give the token tangible economic benefits. The model is quite simple: When the network is used, the ecosystem should benefit as well.”
Gluchowski emphasized that the core idea is to ensure that the ecosystem reaps benefits directly from the network's usage, especially with the advancements in interoperability and the adoption of Prividiums.
Mechanisms for Value Reflection in ZK Token
The updated tokenomics model outlines two primary ways value will be reflected in the ZK token:
- •On-chain interoperability fees: This includes revenue generated from the seamless movement of assets and messages between ZKsync and Prividium.
- •Off-chain corporate license revenues: This encompasses revenue derived from licensing advanced modules to be utilized by banks and other financial institutions.
Governance-Controlled Value Distribution
Gluchowski further explained that all revenues collected will be channeled into a system controlled by governance. This system will then allocate the funds for ZK token buybacks, to provide staking rewards, for token burns, and for supporting ecosystem development initiatives. The overarching objective, he stated, is to create an economically sustainable decentralized network by aligning network usage with tangible value capture, ensuring ZKsync benefits economically from its own generated value.