ZKsync’s first governance proposal was posted on ZK Nation forum. Introducing ZKsync Ignite (∎, 🔥) ZKsync Ignite will turn ZKsync Era into a liquidity hub for the Elastic Chain by streaming 300M ZK tokens over 9 months to DeFi users. Join the TG:

2/6 The vision for Elastic Chain is a cluster of ZK rollups that feel and behave like a single unified chain — all powered by ZKsync tech. With the upcoming ZK-powered native interoperability, apps and users will be able to transact across ZK Chains at low costs and fast speeds. Native interoperability will allow ZK Chains to focus on their core offering instead of building the same foundation that all chains require. In the same way that DeFi flourishes because apps specialize in lending, swapping, and oracles, the Elastic Chain will flourish because ZK Chains will focus on their specialties. → @LensProtocol: Social → @Treasure_DAO: Gaming → @ZKsync Era: Liquidity & DeFi The ZKsync Ignite proposal envisions ZKsync Era, with its established DeFi ecosystem, as the unified liquidity hub for the Elastic Chain that other ZK Chains can rely on for deep liquidity and DeFi primitives.

3/6 The ZKsync Ignite program, authored by @merkl_xyz, requests 300,000,00 ZK tokens from the @TheZKNation Token Assembly to distribute to DeFi users over 3 seasons, totaling 9 months. These amount would be used to: 💧Deepen liquidity and reduce slippage across volatile and stable assets such as: ETH, USDC, USDT, WBTC, and more 🏆 Attract liquidity, users, and builders through targeted rewards 🧑🏻‍🌾 Establish DeFi functions that allow liquidity providers to earn yield 🏦 Support the onchain expansion of ZKsync-native DeFi assets The proposal requests an additional 25,000,000 ZK tokens to cover administrative costs and includes a buffer for unforeseen circumstances.

4/6 ZKsync Ignite the first governance proposal presented to the Token Assembly. It has not been approved by ZKsync delegates. Delegates will have 6 days to discuss the proposal in the forum, after which it will go to an onchain vote.

5/6 🗣️ Discuss the proposal: 🐦 Follow for updates: @ZKsyncIgnite ✉️ Join the Telegram: 🗳️ DeFi protocols, apply here:

6/6 This is the last message in this thread.

@TheZKNation @ZKsyncIgnite whats up brothers?

@TheZKNation @ZKsyncIgnite Let’s go 🔥

@TheZKNation @ZKsyncIgnite Why I'll be voting YES with my 13 million $ZK voting power ?

@TheZKNation @ZKsyncIgnite No one care

@TheZKNation This is how it all started 🔥