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The Protocol: ZKSync Aims to Revamp Its Tokenomics Model

CoinDesk
ZKsync proposed changing its ZK token from a governance instrument to one with economic utility tied to network revenue.

Summary

The creator of the Ethereum layer-2 network ZKsync, Alex Gluchowski, introduced a proposal titled “From Governance to Utility: ZK Token Proposal, Part I” to transform the ZK token's function. The plan aims to shift the ZK token from being purely a governance instrument to one with real economic utility, directly linking its value to network activity. This shift is intended to support the ecosystem's growth, which includes modular chains and the Elastic cross-chain interoperability layer. The proposed model would generate value through two main revenue streams: on-chain interoperability fees for asset/message movement between rollups, and off-chain licensing revenue from enterprise tools like compliance modules for institutions.

(Source:CoinDesk)