ZKsync, an open layer-2 scaling platform, has launched the Ignite Program, allocating 325 million ZK tokens over nine months to boost DeFi liquidity on its network. Of these, 300 million tokens are dedicated to internal DeFi protocols, aiming to grow total value locked (TVL) and reduce transaction slippage.

ZKSync Ignite Season 1 has officially begun, marking an important step in promoting a new era of DeFi.
Details about ZKSync Ignite Season 1:
+ Token allocation: The program will distribute 300 million ZK tokens over 9 months, aiming to establish a DeFi liquidity hub on ZKSync Era, with the goal of increasing total value locked (TVL) and improving liquidity across interacting ZK chains.
+ Objective: To create a unified liquidity source on ZKSync Era, serving developers and users on the Elastic Chain, helping to eliminate fragmentation and promote widespread user adoption, thereby enhancing network effects.
+ Program management: The program is managed by key entities:
OpenBlock Labs: Takes on the role of "analysis manager," evaluating DeFi applications and protocols, proposing ZK token allocations, conducting bi-weekly assessments, and publishing detailed quarterly reports.
Merkl: Responsible for the technological and operational aspects of the program, including designing and maintaining the Ignite website, supporting daily operations, calculating and distributing rewards, as well as providing marketing strategy consultation.
DeFi Steering Committee (DSC): Comprising 5 members, it has veto power over key decisions such as approving DeFi protocols participating in the program, proposing ZK token allocations, and marketing strategies.
+ Opportunities for users: Users can participate in providing liquidity on selected DeFi protocols, earn ZK token rewards, and contribute to building a strong DeFi ecosystem on ZKSync Era.
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