TechFlow Insights
ZKX is the first perpetual futures DEX built on Starknet, prioritizing self-custody and community governance, aiming to create a decentralized, permissionless infrastructure for derivatives trading on L2.
ZKX's smart contracts are open-source and leverage ZK-STARK technology along with a network of nodes to achieve strong scalability. Unlike other DEXs, ZKX offers unique risk management and liquidity provision mechanisms, as well as a diverse user experience.
Token
Although the ZKX token has not yet been launched and specific distribution details have not been released, we can take an early look at the utility of the ZKX token.
The ZKX protocol has designed its native token around a liquidity governance model closely tied to the protocol's development. It distinguishes between voting governance rights and token ownership to prevent large holders (whales) from influencing the protocol’s direction for personal gain—a situation often caused by misalignment between protocol goals and whale interests.
Users can earn ZKX governance weight by trading, staking, providing liquidity, or becoming a decentralized node on the ZKX network. Each activity accumulates non-transferable and non-tradable ZKX governance points. These points unlock the following benefits:
-
Protocol revenue dividends;
-
Trading fee discounts;
-
Access to advanced features on the ZKX trading platform;
Additionally, the protocol introduces a real yield model for the ZKX token, meaning staking ZKX tokens entitles holders to a share of protocol revenue dividends.
