ZKFair will activate the deflation mechanism, and 10% of the handling fee will be used for ZKF repurchase and destruction.

On April 1st, ZKFair officially announced that according to the results of the community vote, the deflation mechanism will be officially launched next week. In the future, 10% of ZKFair's gas fee profits will be used for the repurchase and destruction of ZKF. Therefore, the distribution ratio of ZKFair network's handling fees will be modified to allocate 75% of the profits to ZKF stakers, 10% for ZKF repurchase and destruction, and the remaining 15% will be allocated to DAPP developers. Detailed data will be announced after the repurchase and destruction actions are completed. At the same time, ZKFair stated that it does not rule out the possibility of increasing the repurchase and destruction efforts in the future.

As of now, a total of 911,376 USDC rewards have been distributed to ZKF stakers, and the highest APR yield for ZKF stakers is as high as 181%. Recently, influenced by multiple airdrop activities such as Lumoz & ZKFair Dragon Slayer and ZKFair & Bitget Wallet BWB, ZKFair's network trading volume has steadily increased.

It is understood that from March 25th to March 31st, ZKFair network has distributed 206,512 USDC (last week's earnings) to ZKF stakers, and will continue to distribute 288,114 USDC to all ZKF stakers next week. After the launch of ZKFair's deflation mechanism, the APR for ZKF stakers may exceed 200%.