Introducing OZK: The Utility and Governance Token Powering the OpenZK Network
Why OZK Matters: Driving Utility, Staking Rewards, and Decentralized Governance in a Scalable Layer 2 Ecosystem
OZK is the protocol token of the OpenZK Network, a Layer 2 scaling solution built on Zero-Knowledge Rollup technology. Designed for utility and governance, OZK plays a pivotal role in powering the network by aligning incentives and in the future, enabling payment of gas fees. With a non-inflationary model and future staking incentives, OZK aligns user participation with the network’s long-term sustainability and decentralized growth.
Token Overview
- Token name: OpenZK Network
- Token symbol: $OZK
- Total issue supply: 14.25 Billion
What are the utilities of OZK tokens?
The OZK token will serve as the foundational utility and governance token within the OpenZK Network ecosystem. In the future it is expected to be used to pay for gas fees across the network, complementing ozETH in enabling seamless transactions and smart contract executions. As a governance token, OZK will empower holders to vote on key protocol decisions such as upgrades, staking parameters, and the allocation of ecosystem resources. Looking ahead, it is expected OZK will play a vital role in the network’s staking mechanisms, allowing users to contribute to the network and earn rewards in return. Additionally, the token follows a non-inflationary model, with potential for portions of gas fees paid in OZK to be burned or redirected to community pools — ensuring the long-term alignment of incentives across the ecosystem.
What does the project ecosystem include?
The OpenZK Network ecosystem comprises a comprehensive suite of components designed to deliver a scalable, secure, and efficient Layer 2 environment based on Zero-Knowledge Rollup (ZK Rollup) technology. At its core is the Layer 2 infrastructure, which significantly reduces gas fees and increases transaction throughput, making it well-suited for decentralized finance (DeFi), real-world assets (RWA), NFTs, and trading applications. The ecosystem features the integration of L1staking and restaking mechanisms,, improving the capital efficiency for users looking to bridge ETH/stablecoins to the Layer 2.
Users are able to bridge their ETH to the network while earning the ETH staking and restaking rewards present on Ethereum with no further action, contributing to the stability and security of the Ethereum ecosystem. This staking/restaking mechanism is seamlessly integrated into the architecture of OpenZK with a user’s ETH being staked/restaked from the moment it’s bridged to OpenZK, with rewards accruing instantly and the user receiving a liquid token (ozETH) representing that staked/restaked ETH position and associated rewards.
Similarly, users can bridge certain stablecoins (such as USDT, USDC or DAI) to the OpenZK Network, these assets will be automatically engaged in L1 non-custodial savings mechanisms, generating a reference token for the position and relevant rewards (ozUSD) without the need for additional steps or complexity for the user.t.
Supporting this infrastructure is a robust technical architecture, receiving and handling user transactions while maintaining the off-chain state, ZK circuits that define transaction validation rules, a prover system that generates cryptographic proofs, and on-chain smart contracts that anchor the protocol on Ethereum by handling deposits, withdrawals, and proof verification.
OZK Official Media
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