According to The Block, ZKsync has officially launched its governance model and smart contracts are now activated on the mainnet.

EVM-compatible scaling solution ZKsync has officially launched its governance model consisting of smart contracts that are now activated on mainnet.

The newly activated governance system is built on a decentralized model that allows the community to participate in collective decisions about the future of the protocol. The model is built around three core institutions: the Token Assembly, the Security Committee, and the Guardians, and is designed to achieve a balanced distribution of governance power, ZKsync detailed in a blog post.

The governance system is designed so that no single party has absolute control. Token Assemblies allow token holders and their representatives to directly propose and vote on changes. The Security Committee is composed of security experts who review and approve code changes. Guardians have veto power to ensure that all decisions are in line with the core values ​​of the ZKsync ecosystem.

Matter Labs launched its Era mainnet in March 2023. In June 2024, the project announced detailed plans for its governance system and launched the ZK token and its airdrop.