The business model of zkSync Starter is based on the utilization of $ZKS and $vZKS tokens in the Staking and Farming process. Here is a detailed description of this model:
1/Using $ZKS for Staking and Farming: Users can use $ZKS tokens to participate in Staking and Farming on the zkSync Starter platform. This allows them to earn an Annual Percentage Yield (APY) of up to 99% and participate in IDOs through the Tier system to maximize their profits.
2/Staking and earning $ZKS and $vZKS: When participating in Staking, users will receive earnings in the form of $ZKS and $vZKS tokens. The exchange rate between $ZKS and $vZKS is 1:0.8, meaning that for every 1 $ZKS staked, users will receive 0.8 $vZKS.
3/Decreasing APY based on the total staked $ZKS: The APY (Annual Percentage Yield) will gradually decrease based on the total amount of $ZKS tokens staked on the platform. This means that the yield will decrease as the total amount of staked $ZKS increases.
4/Using $vZKS in Staking and Swap: Users can continue to use $vZKS tokens to participate in Staking and Swap on the zkSync Starter platform. The exchange rate between $vZKS and $ZKS is 1:1, allowing users to swap $vZKS for $ZKS at a 1:1 ratio.
5/Using $vZKS for community voting: The $vZKS token has a function in community voting. Users can use $vZKS to participate in decision-making and voting in community-related activities.
6/Staking fee: When participating in Staking on the zkSync Starter platform, users will be required to pay a fee. This fee is calculated based on the total amount of $ZKS being staked and has a rate of 0.2%. This means that each time Staking is performed, users will pay a fee of 0.2% of the total amount of $ZKS being staked.
7/Claiming 100% of $vZKS: After completing the community voting process, users can request and receive 100% of the amount of $vZKS tokens used in the voting process.
Through this business model, zkSync Starter creates opportunities for users to participate in Staking, Farming, and community decision-making while continuing to develop its ecosystem.
