ZKFair activates the deflation mechanism, and 10% of the handling fee is used for ZKF repurchase and destruction

According to Mars Finance news, ZKFair officially announced that based on the results of community voting, the deflation mechanism will be officially launched this week. In the future, 10% of ZKFair’s gas fee profits will be used for the repurchase and destruction of ZKF. As a result, the distribution ratio of ZKFair network fees is modified to: 75% of the profits are distributed to ZKF pledgers, 10% is used for the repurchase and destruction of ZKF, and the other 15% is distributed to DAPP developers. After the repurchase and destruction actions are completed, Detailed data will be announced. At the same time, ZKFair stated that it does not rule out the possibility of increasing its repurchase and destruction efforts in the future.

As of now, a total of 911,376 USDC rewards have been distributed to ZKF stakers, and the highest APR yield for ZKF stakers is as high as 181%. Recently, affected by multiple airdrop activities such as Lumoz & ZKFair Dragon Slayer, ZKFair & Bitget Wallet BWB, etc., the ZKFair network transaction volume has steadily increased.

It is understood that from March 25 to March 31, the ZKFair network has issued 206,512 USDC (last week) to ZKF pledgers, and will continue to issue 288,114 USDC (last week) to all ZKF pledgers this week. After the ZKFair deflation mechanism is activated, the APR of ZKF pledgers may exceed 200%.