From the Gas Fee Airdrop Event:
According to L2BEAT, the TVL of ZK L2 network ZKFair is 123 million USD, with a 24-hour increase of 900%
Regarding that, I will propose that:
- Instead of refunding the exceeded gas fee which used, seemed appropriate to remove the cap so it will act as par as Initial Coin Offering (ICO).
- Based on the first point, the TVL which according to L2BEAT, which is 123 million USD, should be bought back using the 110-120 million USD from the said TVL, so it will generate a transaction as such volume, within the first available trading for ZKF from secondary market
- Implement ZKF-Burn mechanism, this could be achieved by:
- Using ZKF token as the gas fee, remembering the The Ethereum Cancun-Deneb (Dencun) Upgrade is about to live
The Ethereum Cancun-Deneb (Dencun) Upgrade will enhance the scalability for Ethereum Networks, especially the L2 Network so it would have lower gas fees and so on. Reference: Dencun Upgrade by Summary by Coindesk
- Using Stake-Burn Mechanism.
- The remaining TVL (around 3-13 million USD) could be reserved and go into future Treasury for future needs. Open for discussion too for the expense to pay the first team to make this project happened and went live in the first place
!!! This is not detailed yet, roughly just a main idea/view regarding the project that aims for tens-of-billions dollar project, which will need more comprehensive steps to be discussed