ZKsync has opened a vote to decide whether its token will migrate to a new contract called ZKTokenV3, an upgrade that introduces programmable supply-management features and turns the 21 billion hard cap into a technically enforceable limit. The proposal would replace the current contract, establishing automatic rules for issuing and removing ZK from circulation without changing the token’s existing use cases.
The design includes a public burn function that allows any user to destroy ZK voluntarily, along with a second mechanism, burnFrom, which authorizes entities with a designated role to execute programmatic burns tied to ecosystem processes such as treasury operations or fee-burn models. The ZKsync’s team argues that these tools aim to make supply adjustments more transparent and reduce reliance on manual intervention.
ZKsync governance must now decide whether to deploy ZKTokenV3 and initiate the migration across all network components. If the vote fails to reach the required support, the current contract will remain in place and a new proposal will need to be drafted.
Source: https://vote.zknation.io/dao/proposals
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