Gas fees have always been a thorn in the side of blockchain adoption. Whether you’re new to Web3 or a seasoned DeFi user, managing gas fees can feel like a constant hassle.
The need to hold specific tokens just to execute transactions adds unnecessary complexity and often deters new users from diving into blockchain ecosystems.
Enter ZyFi. Powered by ZKsync’s native Account Abstraction (AA), ZyFi revolutionises how users interact with blockchains.
It removes the headache of gas fees by allowing transactions to be paid in any ERC-20 token—or even for free through sponsorships by DApps.
The project has already proven its value by integrating with over 30 platforms and processing more than 1.5 million transactions.
On November 19th, 2024, ZyFi launched its native token, $ZFI, through an airdrop, signalling a bold step forward. But what exactly is ZyFi, and does $ZFI have potential as a token? Let’s break it down.
What is ZyFi?
ZyFi is designed to make blockchain simple, accessible, and user-friendly. By leveraging ZKsync’s cutting-edge Layer 2 technology, ZyFi introduces gas-free transactions through its innovative Paymaster system.
Instead of requiring users to hold native tokens like ETH for gas, ZyFi allows payments in over 80 ERC-20 tokens. Even better, ZyFi enables DApps to sponsor transactions entirely, creating a seamless experience for users.
At its core, ZyFi’s mission is to accelerate blockchain adoption by eliminating the friction that gas fees cause.
The project’s impact is already significant, having processed more than 1.5 million transactions and integrated with top-tier DApps like PancakeSwap, SyncSwap, and ZeroLend.
Whether it’s swapping tokens, sending funds, or interacting with protocols, ZyFi ensures users can focus on what matters—without worrying about gas fees.
The project’s strong backing further solidifies its position as a leader in the space. ZyFi is supported by major investors such as AngelDAO, Everstake Capital, and v3ntures, as well as respected figures like Marc Zeller (Integration Lead of Aave) and Nicolas Bacca (Ledger Co-Founder).
How Are Transactions Free?
ZyFi’s ability to make transactions gas-free lies in its Paymaster system, a groundbreaking solution for gas fee management.
Here’s how it works: when a user initiates a transaction, ZyFi’s Paymaster fetches the transaction data and calculates the gas fee in the user’s chosen ERC-20 token. The user then approves this off-chain, and ZyFi handles the rest.
It validates the transaction, uses the token to cover the fees, and executes the transaction on-chain. This process is seamless, and trustless, and eliminates the need to hold native gas tokens like ETH.
ZyFi also enables DApps to sponsor transactions entirely, creating a win-win scenario for both users and platforms. Take PancakeSwap as an example.
By integrating ZyFi, PancakeSwap has been able to offer gas-free swaps and airdrop claims during special campaigns.
For users, this means a smooth and cost-free experience. For the platform, it’s a powerful way to attract new users and retain existing ones.
Another key advantage is ZyFi’s support for a broad range of ERC-20 tokens. From popular options like USDT and WBTC to niche ecosystem tokens, ZyFi ensures inclusivity and flexibility.
This means users don’t need to worry about holding specific assets to cover gas fees, making blockchain truly accessible.
By solving the gas fee challenge, ZyFi has created a user-centric solution that’s reshaping the blockchain experience. It’s not just about making things easier—it’s about redefining how Web3 works for everyone, from developers to end users.
The ZFI Token Launch
ZyFi made waves with the launch of its native token, $ZFI, on November 19th, 2024, introducing a new cornerstone for its ecosystem. This launch featured two distinct phases: a whitelisted sale and a public sale.
Whitelisted users enjoyed early access and perks such as a 10% cashback in ZK tokens, while the public sale offered the same terms but required no whitelist. To ensure compliance and build trust, KYC was mandatory for whitelisted participants, reflecting ZyFi’s focus on security and transparency.
The token price was set at $0.04, with allocations ranging from $100 to $5,000 per participant. With a total valuation of $20 million, ZyFi’s token launch was designed to attract a wide range of investors while maintaining sustainable distribution.
Payments were supported in USDC, ETH, BNB, and ZK, across networks like ZKsync Era, Ethereum, and BNB Chain.
ZFI serves two primary purposes: utility and governance.
- Utility: Users can pay gas fees across ZyFi’s platform and partners, enjoying a 20% discount when using ZFI.
- Governance: By staking ZFI, holders earn stZFI, granting them voting rights in the DAO and eligibility for rewards, tying token value directly to ecosystem development.
This dual-purpose design makes ZFI an integral part of ZyFi’s operations, ensuring holders benefit from both functionality and platform growth.
The total supply of $ZFI is 500 million tokens, distributed strategically to ensure long-term sustainability and community-driven growth:
- 33% for the DAO: Locked in a 10-year vesting period, ensuring stable governance over time.
- 14% for the team: Locked with a 3-year vesting schedule, starting after a 6-month cliff, to align the team’s interests with ZyFi’s growth.
- 11% for airdrops: To reward early adopters and promote ecosystem engagement, vested over 6 months.
- 8% for the association: Aimed at ecosystem development, with a 12-month vesting schedule.
- 9% for private sales and 6% for seed investors: Both have multi-month cliffs followed by linear vesting periods.
- 7.75% for treasury and liquidity: 50% unlocked at TGE (Token Generation Event), providing immediate support for ecosystem liquidity.
- 3.75% for the community public sale: 25% unlocked at TGE, with the remainder distributed linearly over 6 months.
This allocation structure is thoughtfully balanced between long-term commitment and immediate utility, reflecting ZyFi’s sustainable approach to growth.
While the token has faced some early turbulence—dropping to an all-time low of $0.04134 shortly after launch—its potential for recovery is evident.
ZyFi’s roadmap outlines exciting milestones, including Elastic Chain integrations in Q1 2025 and the launch of ZyFi V2 later that year. These developments, combined with current staking and governance incentives, are likely to attract renewed interest and drive long-term value.
Despite its rocky start, $ZFI’s strong tokenomics, clear utility, and roadmap developments suggest it has the foundation to bounce back and play a central role in ZyFi’s mission.
Unlocking ZyFi Rewards and Community Governance
ZyFi offers a comprehensive rewards and governance structure aimed at engaging users and builders within its ecosystem. Through initiatives like gas grants, community quests, and staking options, ZyFi enables participants to benefit while contributing to the platform's development.
The Gas Grants Program allocates $50,000 to encourage projects integrating ZyFi's paymaster solutions on ZKsync.
Grants range from $500 to $5,000, distributed based on criteria such as active users (minimum of 100 daily) and transaction volume (500 transactions per day).
This initiative aims to enhance adoption by improving access to ZyFi's gas abstraction technologies.
Additionally, ZyFi's Quest Dashboard rewards users for consistent engagement. Participants can earn Gas Points through various activities:
- Social Contributions: Tasks such as following ZyFi on Twitter or joining its Discord community.
- DApp Interactions: Using integrated applications like ZeroLend, Gravita, and Hue NFT earns users points based on their activity.
- Referrals: Users can earn additional points by referring others, receiving 10% of the referee's points, with referees receiving a 5% bonus.
These programs aim to support both builders and individual users, fostering an inclusive ecosystem where contributions are recognised.
Governance within ZyFi is facilitated by staking $ZFI tokens to receive stZFI, which grants access to decision-making processes and additional rewards. Key features include:
- Voting Power: Stakers can participate in governance decisions, such as fee adjustments and reward distributions.
- Airdrop Bonuses: Staked tokens earn 100% additional rewards from airdrop distributions.
- Staking Incentives: Participants gain access to staking points and future rewards like RFX Points from the RFX derivatives exchange on ZKsync.
The ZyFi DAO manages 33% of the total ZFI supply, empowering the community to shape the platform’s direction. Governance discussions revolve around project development, feature enhancements, and aligning incentives with user needs.
Through its rewards and governance framework, ZyFi seeks to create a decentralised ecosystem that prioritises accessibility and community involvement.
The Gas Grants Program supports adoption by easing integration for builders, while the Quest Dashboard incentivises user engagement. Staking and governance offer users an active role in determining the platform’s future, balancing incentives with meaningful participation.
This structure reflects ZyFi’s effort to align with broader decentralisation goals while addressing practical user and developer needs.
Conclusion
ZyFi is transforming blockchain usability by eliminating the complexities of gas fees, thanks to its integration with ZKsync’s Account Abstraction.
With the $ZFI token at the heart of its ecosystem, offering governance and staking benefits, and initiatives like gas grants and reward programs, ZyFi fosters community participation and innovation.
While the token’s initial performance faced challenges, its strategic roadmap and commitment to user-centric solutions position it as a promising player in the push for broader blockchain adoption.
