Thank you everyone for the continued discussion. There are some common themes across the responses, so we’ve added additional context below. Some questions have been repeated and we will link out to them as needed.
On protocol development to date
Matter Labs has been operating for seven years, since 2019. Protocol development has been funded throughout that period through corporate financing, including roughly two years post-TGE without any governance token allocation. The record of what that funding built is public: the first ZK rollup on Ethereum (2019), the first ZK EVM at production scale (2023), the launch of the ZKsync Elastic Network (2024) with public chains including Sophon, Abstract, GRVT and more, the Atlas architecture now powering institutional deployments (2025), Prividium as a production-ready platform for regulated institutions (2025), Airbender, the world’s fastest open-source RISC-V zkVM, currently #1 on eth_proofs (2025), and the live institutional deployments named in the proposal (ongoing, 2026). Progress is documented in the quarterly deliverables reports.
On market conditions and sequencing
The timing concern is fair to raise. The cap is fixed: the proposal contains no mechanism to increase it, and does not return to governance for additional issuance to compensate for price movement. Conversion to operating capital happens only where required, and is expected to occur primarily through OTC and structured channels; no commitment is made to any specific volume, schedule, or counterparty.
On sequencing revenue before funding: the revenue mechanisms several delegates have asked to see established first are the funded work, namely v31 interop fees (currently expected onchain in mid-June), the audited fee-flow contract on Era, and the Network Fee Pool being structured for governance consideration.
On architectural evolution and decentralization
Earlier architectural concepts such as ZKPorter were superseded as the architecture matured; that direction converged into the current stack and the Atlas coordination layer. Stream 1 of this allocation advances decentralized sequencing and prover networks toward Stage 1+ rollup maturity.
Other questions previously addressed
The proposal outlines that any tokens received under this allocation will not be used to vote on any ZKsync governance proposal. Delegation and voting are onchain and publicly auditable, and Token Assembly revocation of any monthly capped minter runs through the standard governance process open to all token holders and delegates.
Questions on token mechanics, the USD reference figure, the existing TGE vesting schedule, OTC conversion principles, and the venture funding figure ($258M) are addressed in the June 4 reply above.