- The first Polygon CDK Chain has gone live.
- ZKFair has promised a “fair launch” with airdrops to early users and the broader ZK-Rollup community.
- The project’s roadmap intends to give the community control from the start.
In June 2023, Polygon Labs unveiled a new roadmap to scale Ethereum through an interoperable multichain ecosystem of zero-knowledge-powered Layer 2 chains. In line with this vision, in August 2023, the firm launched the Chain Development Kit (CDK) to bootstrap the ZK Layer 2 chain development process for interested projects.
Following the launch of the CDK, several projects and businesses have started building with the tech stack, hoping to scale their projects while joining the Polygon ecosystem and leveraging Ethereum’s liquidity. The first of these projects has launched, leveraging Celestia’s data availability solution and promising rewards for early users.
ZKFair Goes Live
On Wednesday, December 20, ZKFair mainnet, the first to be powered by Polygon’s Layer 2 tech stack, went live. According to developers, the Layer 2 chain is coming out of the box with Celestia’s modular DA solution, which Polygon Labs integrated as an option within the CDK on December 12 for projects seeking to reduce transaction costs further.
🎉ZKFair Mainnet is now live!!!
The first ZK L2 powered by @0xPolygon CDK & @CelestiaOrg modular DA & @LumozOrg RaaS! 100% fair launch! 🌐
Community power unleashed! 💪🚀
Join now: https://t.co/LRxYod0Wol pic.twitter.com/TJPNpY3u8D
— ZKFair Community (@ZKFCommunity) December 20, 2023
As part of the ZKFair launch, developers have announced a series of events to keep the community engaged. These events include giving out USDC to early users while promising an airdrop of its governance token, ZKF.
The ZKF Airdrop
ZKFair intends to carry out two major airdrops to reward early users and fully distribute the ZKF token to the community. The first, called the “Gas Fee Airdrop,” allocates 7.5 billion ZKF out of the total 10 billion token supply to users who generate fees on the ZKFair network before the network hits the 3 million USDC gas fees milestone.
Distribution for the Gas Fee Airdrop is slated to start on December 23 on a first come, first serve basis. ZKFair developers have provided a progress tracker on their website for users to track their rewards.
Zkfair to $1 I guess https://t.co/TPPkQJ5Zyj pic.twitter.com/jAytaQY40W
— Osi (@Shinobeme) December 20, 2023
Aside from the Gas Fee Airdrop, ZKFair is also doing a “Community Airdrop” allocating the remaining 2.5 billion ZKF to reward users of other ZK-Rollup chains, with the largest allocation of 800 million ZKF going to users of the Polygon zkEVM. From this 2.5 billion ZKF, the ZKFair team noted that 200 million ZKF will be allocated to code contributors and 500 million will be given to Ordinal holders amid plans to expand to the Bitcoin network eventually.
What You Need To Know About ZKFair
ZKFair developers have promoted the project as a “fair launch” and community-owned, seeking to deviate from the trend of venture capital-backed Layer 2 chains while aligning more closely with the decentralized crypto ethos.
The team emphasizes its stance through ZKFair’s extensive governance token airdrop and plans to return gas fees generated to the community, 75% for token stakers and 25% for DApp developers.
In addition to its token and gas fee distribution model, developers have noted that the protocol would initially be governed by a group of 11 persons elected by the community.
Nonetheless, ZKFair developers maintain that the project is “100% experimental” and have disavowed liability for financial losses users may experience due to bugs or hacks.
On the Flipside
- The developers of ZKFair and their track record are unknown.
- Fees on ZKFair are paid in USDC.
Why This Matters
The ZKFair project could give users a glimpse of what Polygon CDK chains can do and influence how future projects are viewed.
Read this for more on Polygon CDK adoption:
Polygon Welcomes Fuse Network as CDK Adoption Soars
Find out how Ledger is addressing last week’s hack:
Ledger Unveils Plan to Reimburse Wallet Drainer Hack Victims