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zkSwap FinancezkSwap Financeby0x96f026aE1bD72F8881319541959018e6c1Fd3071zkswapfinance.eth

Funding for ZF CEX Listing

Voting ended about 2 years agoSucceeded

We need your vote for a crucial event: Funding for CEX listing.

The financial requirement for CEX listing is approximately $200K USD (Half USDT - Half ZF).

There are two funding options: 1. Withdrawing a small portion of the protocol-owned ZF-ETH liquidity; 2. Selling ZF from the treasury/marketing fund. While Option 1, withdrawing $200K liquidity, won't affect the ZF price, Option 2 puts strong selling pressure equivalent to $100K on users, which the team does not want to see happen.

FYI, the protocol currently owns around 50% of the ZF-ETH liquidity pool, totaling ~$1.4M at https://explorer.zksync.io/address/0x16e29d067d9c65f445b7890eb5ddae950c660d23, which is timelocked for 7 days or 999 days if untouched. Withdrawing $200K reduces ~14% of the protocol's share and ~7% of the total liquidity pool (from 2.8M --> 2.6M). Hence, the effect of CEX listing is expected to overshadow the negligible impact of the reduced liquidity pool in the long term.

Please vote on withdrawing $200K liquidity from the protocol-owned liquidity for CEX listing:

Off-Chain Vote

Yes
71.2M yZF98.3%
No
1.23M yZF1.7%
Download mobile app to vote

Timeline

Feb 20, 2024Proposal created
Feb 20, 2024Proposal vote started
Feb 25, 2024Proposal vote ended
Jul 15, 2024Proposal updated