Bi Token Model: $ZKM and $veZKM

zkMakers has a governance model supported by the veZKM token that allows holders to directly influence the protocol and secure the network or verifiers. The model allows zkMakers to stay decentralized and grant management of the protocol to people who are invested in it.

zkMakers uses two tokens to manage its utility and governance:

• $ZKM— BEP-20 utility token of the protocol. Is used for rewarding liquidity and volume providers, as well as Oracle Verifiers through epoch ZKM emissions.
• $veZKM — BEP-721 governance token in the form of an NFT (non-fungible token). veZKM is used for governance and for accessing the staking mekanism and becoming a Verifier or Verifier auditor.

The only way to get veZKM is through the lock smart contract (also known as vote-escrowed period) can be up to 4 years, following the a 1:1 relationship (if you lock 1 ZKM you will be minting 1 veZKM). The longer you lock your ZKM the more APY you will receive. They APY will be only provided during the first 4 years to influence the rapid decentralization of the protocol.

The options to lock your ZKM are: 3 months, 6 months, 12 months, 24 months, 48 months.

• If you Lock 3 months your ZKM to get veZKM you will receive 1% APY in ZKM (Yield available only during the first 4 years from TGE).
• If you Lock 6 months your ZKM to get veZKM you will receive 2% APY in ZKM (Yield available only during the first 4 years from TGE).
• If you Lock 12 months your ZKM to get veZKM you will receive 4% APY in ZKM (Yield available only during the first 4 years from TGE).
• If you Lock 24 months your ZKM to get veZKM you will receive 8% APY in ZKM (Yield available only during the first 4 years from TGE).
• If you Lock 48 months your ZKM to get veZKM you will receive 16% APY in ZKM (Yield available only during the first 4 years from TGE).

ZKM Functionalities

The main functionalities of $ZKM are

• Add yield to the long term $ZKM locked (only offered during the 4 initial years).
• Subsidizing or providing extra yield to the network of Verifiers and its Auditors (available for the first 20 years of the protocol from TGE).
• Boost or provide extra rewards to the open Reward Pools more voted (available for the first 20 years of the protocol from TGE).
• Lock $ZKM and get $veZKM.

veZKM functionalities

Vote on Pools Gauges