ZKFair has launched ZKF staking, with gas fee dividends starting on January 15th

Community-driven ZK L2 network ZKFair announced the launch of the ZKF staking mechanism, allowing users to stake ZKF and receive gas fee dividends from the ZKFair chain. The gas fee profits on the ZKFair chain are mainly divided into two parts: 75% for incentivizing ZKF stakers and 25% for distribution to Dapp developers. This staking dividend primarily targets the former.

After going live on January 10th, users can start staking ZKF, and profit calculation and distribution will begin on January 15th. Meanwhile, to incentivize more users to participate in staking, from January 14th to January 20th, users who stake ZKF will also receive profits from Sideswap Airdrop, which is the first fair launch ecological project on ZKFair. This will last for seven days, with a daily share of 1% of SIDE tokens (total supply of 1 billion) based on staking weight. In total, there are up to 70 million SIDE tokens available for distribution.

ZKFair adopts a token model that ensures a fair launch with support from Lumoz's ZK-RaaS platform in terms of technology and computing power. USDC is used as the gas token by ZKFair. After its mainnet went live, TVL reached a peak of $124 million and currently ranks as the fifteenth L2 solution in terms of Total Value Locked (TVL).