ZKsync Introduces ZK Fee Flow System Proposal for On-Chain Fee Distribution

ZK3.7%

According to BlockBeats, ZKsync introduced the ZK Fee Flow System proposal on May 12. Developed by governance service provider ScopeLift, the system is a smart contract mechanism that allows ZKsync Governance to route and allocate protocol revenue and fees through on-chain mechanisms.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Moody’s rating report: Major US banks form consensus on tokenization transformation, with DTCC launching pilot trading in July

Moody's Ratings released an in-depth industry report on May 12, saying that through discussions with U.S. banking industry and financial institutions, as well as a review of publicly disclosed information, an industry consensus has formed that the transition to a digital financial system is taking shape in a “slow at first, then fast” pattern. The report said that the outstanding size of tokenized money market funds (MMF) is $10 billion, and the Depository Trust & Clearing Corporation (DTCC) wil

MarketWhisper25m ago

Legend Shuts Down Operations on July 12 After Failing to Achieve Sustainable Growth

According to BlockBeats, on May 13, Legend announced it will shut down operations and close its onchain finance application on July 12. The team stated that while the product attracted real users, growth did not reach the level needed for long-term sustainability. Existing users must withdraw

GateNews42m ago

JPMorgan files to launch a tokenized money market fund, allowing stablecoin issuers to invest reserves and earn yield

On May 13, CoinTelegraph reported that JPMorgan has filed documents with the U.S. Securities and Exchange Commission (SEC) to launch on Ethereum a tokenized fund called the “On-Chain Liquidity Token Money Market Fund” (JLTXX). It would allow stablecoin issuers to deposit their stablecoin reserves into regulated cash-like instruments while earning interest. JLTXX Fund Core Terms and Design According to an SEC filing (reported by CoinTelegraph), JLTXX’s main terms are as follows: Investment target

MarketWhisper1h ago

Startale to Launch Bank-Backed Yen Stablecoin JPYSC in Coming Months

According to Startale CEO Sota Watanabe, the Japanese Web3 infrastructure company will launch JPYSC, a bank-backed Japanese yen stablecoin, within coming months. Startale Labs completed a $63 million Series A funding round in March, led by Sony Innovation Fund, with participation from Samsung

GateNews1h ago

Wu Jihan: GPU deployment target is 10k units; Bitdeer’s April AI Cloud annualized revenue rose 60%

According to a statement made by Bitdeer Group Chairman Wu Jihan on X on May 12, Wu Jihan said: “The next target for GPU deployment is 10k units, then 100k units, and then 1 million units.” On the same day, Bitdeer released its April unaudited production and operations update, with AI cloud business annual recurring revenue (ARR) up 60% month over month to $69 million. AI Cloud Business: ARR Rises 60% Month over Month to $69 Million (Source: Bitdeer) Based on Bitdeer’s April operating update, th

MarketWhisper1h ago
Comment
0/400
No comments