ZKF Staking program has started!

Zkf network provided good profits to many users with its airdrop. The network is still very new and has future goals. They launched a staking program today. Let's examine it together.

Stake ZKF to share the profit of ZKFair L2 Gas Fee sharing. Become a key part of the ZKFair!

How to Stake ZKF?

Head over to https://zkfair.io/stake.

• Connect to your wallet, you will see the balance of your ZKF.
• Click ‘Stake’.
• Select a stake period, with longer periods having higher weights, and each period has a APR. Stake points are determined by multiplying the staked ZKF amount by the weight of the staking period.

• Click 'Stake' after input the amount of ZKF that you want to stake.
• Stake infromations show in 'My Stake', and the details show in 'Stake List'.

Stake period Users can stake ZKF for different period like 1d or 1month, the longer the staking period, the greater the staking weight, and the higher the returns.
Stake points Stake points are determined by multiplying the staked ZKF amount by the weight of the staking period.

Stake points = Stake amount * Period weight.
The percentage of the stake points in the total pool determinds the profit sharing amount.

Profit claiming Profits are settled every 24 hours, and users can claim their profits through the Stake page.

FAQ
Q: If my staking period is over but I don't withdraw, can I still continue to receive profits?
A: Yes, even if your staking period has ended, as long as you haven't withdrawn, you can still receive rewards.

L2 Gas Fee Sharing

ZKFair is the first and only L2 using stablecoin USDC as the gas fee token. Gas fees generated on ZKFair will be priced according to USDC.

After the ZKF token starts to circulate, apart from operating costs, L2 Gas Fee revenue is mainly used for incentivizing ZKF stakers and Ecosystem contributors:

• 75%: ZKF stakers.
• 25%: Eligible dapp developers

ZKFair protocol will settle the revenue of L2 gas fee once a week. ZKFair operation cost includes L1 gas fee, DA cost, node operation cost, and the basic cost of partners (such as Oracle, explorer and other infrastructure providers). The remaining part is the profit, ZKFair protocol will automatically distribute 25% of the profit into the dapp developer (contract deployer) addresses, 75% of the profit into the reward contract, evenly divided into 7 days to release. ZKFair protocol will distribute this portion of the reward to ZKF stakers based on the percentage of on that day.

Source: https://docs.zkfair.io/economic-model/zkf-token

We reviewed the ZKF Staking program together. The program looks quite profitable. Now the final decision is yours :)

Good luck everybody 🍀