ZKBase is a Layer-2 protocol created by L1 Labs. Built on ZK-Rollups technology, it includes a DEX along with additional DeFi offerings, such as NFT support. The goal is to serve DeFi protocols’ growing Total Value Locked with services that are fast, frictionless, and trust-free.

ZKBse uses ZK-Rollups to move ERC20 tokens over Layer-2. As a result, transfers can run in real time, can be conducted with zero gas fees, and offer unlimited scalability, among other benefits.

What are ZKBase’s key features and how does it work?

ZKBase is made up of multiple core products and functions, all centered on ZK-Rollup technology. It applies zero-knowledge proof techniques to analyze and validate batches of transactions through on-chain smart contracts. After that, transaction processing happens off-chain through the ZKSwap Server, enabling a highly scalable network with rapid transaction performance.

ZKBase mainly functions as a DEX and is positioned as having advantages compared with centralized and other decentralized exchanges. Because it is decentralized, users retain full control of funds and there is no centralized matching. It also seeks to make decentralized trading less complex. Accordingly, the ZKSwap DEX is described as having low gas fees, fast transaction speeds, and real-time transaction execution.

ZKSea is the ecosystem’s NFT platform. It lets users manage and interact with NFTs using the waller. Users can mine NFTs with zero gas fees, trade and transfer NFTs, and also deposit and withdraw them. The platform also includes an NFT Marketplace where users can browse NFTs available for sale. It is a Layer-2 product that is based on ZKBase.

What is noteworthy about ZKBase?

Platform community governance is structured around three main components: portals, a forum, and a snapshot platform. Portals provide access to community governance information through the APP, a web browser, and the official website. The forum is used for discussions related to network proposals, including their content and implementation. The Snapshot platform enables users to submit proposals and vote on governance topics.

To participate in ZKBase governance, users need to hold gZKB tokens. At least 1 gZKB is required for a single vote, while 50,000 or more is needed to start proposals. To acquire gZKB, users must lock ZKB in a 360-day Proof-of-Staking contract.