Zyfi is creating the best on-chain experiences by leveraging Paymasters and Intents
How many of you have found yourselves unable to withdraw liquidity from a pool, execute a trade, or make a simple swap due to gas fees? How many have had to rely on a CEX to get more ETH?
As Hayden Adams says : “No user should ever have to hear the term ‘gas fee’”
And he is right, gas management should not be a problem for on-chain users.
Zyfi’s core value proposition is solving gas management issues for EOAs and Smart Wallets by leveraging Paymasters and Intents.
Products
To tackle gas management challenges, Zyfi developed 3 key products:
- A Seamless, flexible, and audited paymaster with API to enable users to pay with any token as gas and to benefit from sponsorship logic provided by DApps.
- A Permissionless Multi-signer Paymaster allowing multiple parties to collectively sponsor gas fees in using their own API or the Zyfi API. (Public Good)
- An Intent function in the sponsored paymaster allowing third parties, like NFT collections, to sponsor gas on any integration partner’s front-end.
Use Cases and Partners
A technology becomes truly impactful when it’s put to use. That’s why Zyfi has already been integrated into over 35 DApps, including major protocols like Venus, SyncSwap, PancakeSwap and more on ZKsync.
The key use cases and features powered by Zyfi products significantly enhance the on-chain user experience:
- Gas-Free Transactions: Zyfi can enable users to perform various on-chain DeFi actions, such as token swapping, liquidity provision, and transactions, without incurring fees, making DeFi activities more accessible and cost-effective.
- Pay Gas with Any Token: Users can pay transaction fees with ANY tokens, not just using ETH, making the process more flexible and convenient.
- Gasless events (e.g.Airdrop Claiming, NFT holders): Users can enjoy gas-free transactions by holding a specific NFT, participating in an event, or through a brand seeking to promote itself via another DApp.
Metrics
In terms of adoption, Zyfi has:
1/ Processed over 2 millions transactions, with 3,000 daily active users and onboarded over 250,000 users across the ZKsync ecosystem.
2/ Successfully integrated with over 35 projects.
3/ Enabled gas payments using over 80 different tokens.
4/ Developed the first signature-based paymaster flow on ZKsync, allowing off-chain price fetching while remaining trustless.
5/ Created a permissionless multi-signature paymaster, enabling protocols to integrate a paymaster into their ecosystem without needing to deploy one or rely on a third party.
Token Utilities
Regarding token utilities, the Zyfi project will be divided into two main components: ZFI and stZFI assets.
ZFI, Utility Token: ZFI tokens can be used to pay for gas fees on the Zyfi platform and Zyfi’s integration partners. Holders who choose to pay gas fees with ZFI benefit from a direct 20% discount on the total gas cost, making transactions more cost-effective.
stZFI, Governance Token: Holding and staking ZFI tokens allows users to actively participate in Zyfi governance, with 33% of the total supply under their control, influencing key decisions such as fee activation, reward allocation and grant distribution. Stakers will also earn an APY in Zyfi staking points based on their staked amount
Tokenomics
55.75% of tokens are allocated to the community across 4 main categories:
- DAO (33%): Managed by the community for strategic decisions like fee activation.
- Airdrops (11%): To reward early users.
- Association (8%): For grant distribution.
- Community Sale (3.75%): Early access for community investors.
A significant portion of tokens for both investors and team members are vested for an extended period, ensuring alignment with Zyfi’s long-term vision.
Zyfi’s Vision
Over the past year, Zyfi has been leading the gas abstraction narrative on ZKsync, collaborating with over 35 DApps and facilitating more than 2 millions transactions.
In parallel, ZKsync has introduced Elastic Chains, a scalable ZK chain network designed for interoperability and a seamless user experience. Building on this foundation, Zyfi has already partnered with Cronos zkEVM, Abstract, Heurist, and Nodle to ensure the best possible on-chain experiences.
By pioneering gas abstraction and paymaster solutions, Zyfi has gained valuable insights into shaping the future with ZKsync and the broader ZK ecosystem. Zyfi is actively implementing new features like Intents and transaction batching to still deliver the best on-chain experience across more and more DApps and ZK chains.
The path to decentralization is challenging but key to long-term success.
As a ZFI holder, you’ll receive gas fee discounts and access to stZFI, enabling participation in decisions like fee activation and reward distribution. With 33% of the supply controlled by the Zyfi DAO, Zyfi’s future is in your hands.
The Zyfi Journey has just started! ⬆️
