CALL NOTES / LINKS
Thanks to everyone who joined the Standing Delegate Call on Tuesday! Below is a collection of summarized notes and links shared in the call from yesterday.
FYI: Now that we have the recording, notes will be kept very brief. Please watch the recording for full context.
Link to call recording
Check out the video description for timestamps on different discussion topics.
Actions
- Bernard will share some research from Areta about the current state of the ZKsync ecosystem and builders.
- Shelby and Rafa are already thinking about future Delegate meetups next year (e.g. around ETHDenver, ETHCC, Devconnect). If you have recommendations for what you’d like to see at the next meetup.
- Shelby and Rafa have organized for Alex Gluchowski to join the next delegate call to answer questions regarding the design of the Elastic Chain
Discussions
- Marco, Director of the ZKsync Foundation, joined the call to discuss the role of the ZKsync Foundation. Key questions are appended below.
- Ines brought up the need to clarify the role of Era in the vision of the Elastic Chain.
- Rafa, Bernard, Sinkas, and Joe shared the outputs of the first ZKsync Delegate Meetup during Devcon last week. The summary & key takeaways from the Delegate Meetup are available here.
- Rafa shared the role of the Token Assembly in the context of the Elastic Chain Vision:
- Accelerate the development, secure deployment, adoption of protocol upgrades.
- Accelerate the activation of ZK Chains.
- Accelerate the development of flagship applications for each of the ZK Chains.
- Rafa shared that the Governance Team (Shelby and Rafa) are discussing internally how to mobilize a “Proposal Acceleration Program,” based on the feedback from the Delegate Meetup in the previous week.
FAQ: The Elastic Chain Vision
Please note that this is a placeholder post for these questions and clarifications. The Governance Team will try to flesh out a more substaintial post (or series of posts) clarifying these points in the coming weeks with the cooperation of the ZKsync Foundation and the Matter Labs team as needed.
The following FAQs are a collection of topics discussed on the call, as well as 1:1 discussions with ZKsync Delegates over the last 2 weeks. These discussions include a synthesis of discussions (as a group and individually) during the Delegate Meetup in Bangkok and throughout Devcon.
What is the mission of ZKsync?
ZKsync was founded to bring to reality the vision of the ZK Credo: Freedom and prosperity for all. You can read more about the ZK Credo here.
What is the Elastic Chain vision?
Alex Gluchowski (founder of Matter Labs) is meant to join the Delegate Call next Tuesday to share details more on this point.
The Elastic Chain, powered by ZKsync, is an ever-expanding network of ZK rollups (a.k.a. ZK Chains) that are secured by math and natively interoperable under a uniform, intuitive UX.
Ethereum’s rollup-centric roadmap successfully reduced transaction fees, but fragmented liquidity and user experience. The Elastic Chain creates native, trustless, low-cost interoperability between the ZK Chains.
The ZKsync community (known as ZK Nation) includes the Foundation, Token Assembly and other governance bodies, and development organizations such as Matter Labs. Together, the ZKsync community is building the Elastic Chain.
READ MORE: Introducing the Elastic Chain
How can the Token Assembly, including Delegates, contribute to the Elastic Chain vision?
Reminder: The Token Assembly lives within and is supproted by the ZKsync Association.
The Token Assembly helps to:
-
Secure the protocol, preventing adversarial actors from capturing it, and
-
Activate programs in service of the ZK Credo vision: Freedom —> Progress —> Prosperity
-
NOTE: The near-term objective (1-year) is to bring to reality the Elastic Chain, the crucial step towards the ZK Credo overarching vision.
The Token Assembly and the Foundation work together to support the ZKsync Protocol, ZK Chains, and Applications. While the Foundation focuses on strategic deals and funding, the Token Assembly uses Token Mechanics.
All Token Mechanics should positively impact the North Star goals and KPIs (Safety, Assets, Builders, Community) to:
- Accelerate the development, secure deployment, and adoption of new protocol changes. For example: ZIP 001: Protocol Defense and ZIP 002: 3-Hour Execution Delay. Other proposals that have been discussed by ZKsync Delegates include bug-bounty programs, safeharbor, and adoption incentives for unique protocol features such as SSO.
- Accelerate the activation of ZK Chains. For example, new proposals were discussed last week to support ecosystem-wide Chain infrastructure to decrease launch friction, ZK Chain governance participation, and rewards for achieving key growth milestones.
- Accelerate the development of flagship applications for each of the ZK Chains. For example, new proposals were discussed last week to help ZK Chains accelerate flagship application growth.
What is the role of the ZKsync Foundation?
The Foundation is an independent entity whose mandate is to accelerates the growth rate of the ecosystem. It does this by:
- Creating strategic partnership by aligning incentives (with large partners joining the ecosystem) via swaps (e.g. with Treasure) and grants
- Funding the development of key infrastructure that is important for the ecosystem (e.g. accountability infrastructure like RFPs)
- Funding core ecosystem participants like Guardians, Security Council and the Association
- Bootstrapping markets that would not materialize or materialize slowly if not supported (insurance, liquidity in DEX, etc.)
In the first months since its inception it has mainly focused on ZK Chains, Apps and Infrastructure strategic partnerships.
What is the role of Matter Labs?
Matter Labs is the organization which invented ZKsync and the Elastic Chain. They are an independent development organization, tasked and rewarded for developing protocol upgrades, and submitting them to ZKsync governance for approval and adoption. Over time, ZKsync will continue to decentralize the protocol development process as more organizations contribute to the development work.
What is the role of the ZKsync Era Chain?
The Era Chain, developed by Matter Labs, exists to support the vision of the Elastic Chain. In this way, it should bootstrap all necessary components of the Elastic Chain vision. This includes:
-
being a testbed for new ZKsync protocol improvements and ecosystem-wide UX features;
-
addressing ZK Chain needs, such as a providing a central liquidity hub; and,
-
providing a space for new apps to launch, should they not have another ZK Chain home.