ChainCatcher news, the ZK L2 network ZKFair officially announces that it has launched the ZKFair on-chain Gas fee profit distribution. All ZKF stakers can view their personal earnings in real-time on the ZKFair official website. As the first L2 network in the industry to distribute Gas fee profits, ZKFair officially opened the ZKF staking feature on January 10. As of the time of this writing, a total of 2.5 billion ZKF has been staked (accounting for 25% of the total Token supply), with the number of independent staking addresses reaching 34,871. Relevant staking users will share 75% of the total profits according to the rules, while the remaining 25% will be allocated to Dapp developers.In addition, ZKFair will settle the total Gas fee income weekly. After deducting operational costs, the protocol will automatically distribute profits to the addresses of Dapp developers (contract deployers) and the reward contract for staked ZKF according to the corresponding ratio, with an average release over seven days.ZKFair adopts a 100% fair launch token model, supported by the technology and computing power of the ZK-RaaS platform Lumoz. ZKFair uses USDC as the Gas token. Its mainnet will go live in December 2023, and as of now, the on-chain TVL has reached 323 million USD, currently ranking 8th on the L2 leaderboard.

ChainCatcher news, according to official sources, the ZK L2 network ZKFair has launched the ZKF staking mechanism, allowing users to earn Gas Fee profit dividends from the ZKFair chain by staking ZKF. As the first L2 network in the industry to offer Gas fee dividends, the Gas Fee profits on the ZKFair chain are mainly divided into two parts: 75% is used to incentivize ZKF stakers, and 25% will be allocated to Dapp developers. This staking dividend primarily targets the former.To uphold the principle of 100% fair launch for ZKFair, users will be able to stake ZKF starting from January 10, and the calculation and distribution of earnings will begin on January 15. Meanwhile, to encourage more users to participate in staking, from January 14 to January 20, users who stake ZKF will also receive earnings from the first Fair launch ecological project on ZKFair, Sideswap Airdrop, for a duration of 7 days, with 1% of the total amount of SIDE (totaling 1 billion) being distributed daily based on staking weight, allowing for a total of 70 million SIDE to be shared.