ZKsync creator floats governance token revamp to add ‘economic utility’
The co-creator of ZKsync proposed overhauling the ZK governance token to incorporate economic utility derived from protocol fees and enterprise licensing.Summary
Alex Gluchowski, co-creator of the Ethereum-scaling solution ZKsync and CEO of Matter Labs, proposed a significant revamp of the ZK governance token to prioritize "economic utility" as the network evolves into interconnected zero-knowledge chains. The goal is to create a self-reinforcing economic loop where adoption increases network resources, which in turn enhance the network for all participants, ensuring decentralization is economically sustainable.
Gluchowski outlined that the revamped ZK token would derive value on-chain from protocol-native fees generated by interoperability and settlement functions, and off-chain via licensing agreements for enterprise use of community-built infrastructure components. This extracted value would flow into a governance-controlled system to fund token buybacks, staking rewards, token burning, and ecosystem funding, moving away from reliance on a central sponsor.
The proposal follows earlier discussions about ZKnomics, aiming to align ZK with the protocol's long-term health. The exact timeline for this token shift remains unclear, pending broad community support and further detailed feedback.
(Source：Cointelegraph)