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The big one is coming! OpenZK's move is quite fierce, with OZK staking set to launch on July 14th. It is rumored that the initial Annual Percentage Rate exceeds 40%, making today's staking track quite impressive. Even more shocking is that they are developing a dual-token Gas mechanism, which will allow users to use ETH as network Gas fees and also use OZK as network Gas fees. This design is the first of its kind in the L2 track.
In the past, L2 could only use ETH to pay for Gas, resulting in a lack of practical use cases for native tokens. OpenZK allows OZK to directly enter the network fuel system, which is equivalent to equipping the token with a value engine. Once this model is successfully implemented, OZK will upgrade from an ordinary governance token to a necessity asset with actual demand, and this transformation will inevitably lead to a reassessment of its value.
OpenZK has chosen to launch these features before October, when the Ethereum staking ETF is likely to pass, timing it very precisely. The expectations for the Ethereum staking ETF to be approved are becoming stronger, and as an important player in the ETH staking arena, OpenZK is about to catch this favorable wave. By leveraging staking and dual Gas, OpenZK not only meets the demands of short-term yield hunters but also lays out a plan for long-term ecological development.
Especially the introduction of OZK for Gas payments effectively locks in the demand for tokens at the protocol level. The empowering effects brought by this underlying design are far more solid than simple buyback and burn. From the perspective of project development pace, OpenZK is obviously playing a bigger game, with the staking in July being just the first step. Subsequently, with the implementation of the dual Gas mechanism, the usage scenarios and demand curve for OZK may undergo a qualitative change.