Liquid Restaking Tokens (LRTs) Launched on zkSync

The Enterprise Ethereum Alliance (EEA) Privacy Working Group released a report evaluating enterprise privacy solutions for institutional use on Ethereum. **Key Highlights:** - ZKsync contributed to the report's development - Prividium recognized as a leading enterprise privacy solution - Solutions assessed against institutional requirements - Prividium has helped define the enterprise privacy category for years The report marks progress in establishing industry standards for enterprise privacy on Ethereum. ZKsync has prioritized privacy for enterprise use cases since its inception and continues supporting the development of clear industry standards through collaboration with the EEA Privacy Working Group.

**ZKsync Governance Gains Control Over Protocol Fees** ScopeLift has introduced the ZK Token Fee Flow System v1.0, a new infrastructure that enables ZKsync Governance to manage protocol fees through an onchain mechanism. **Key Features:** - Smart contract system for routing protocol revenue - Direct governance control over fee distribution - Built-in safeguards for secure operations - Full deployment addresses and technical specifications available The system builds on previous ZK token proposals and represents a step toward decentralized protocol revenue management. Technical details, contract mechanics, and deployment information are available in the [forum post](https://forum.zknation.io/t/zk-token-fee-flow-system-v1-0-overview/983).

ZKsync's first staking pilot season has ended, marking a significant milestone for the Layer 2 network. **Key Metrics:** - Total stake: ~350M $ZK - New active delegation: ~200M $ZK - Total active delegation: ~1.2B $ZK - Rewards distributed: 5M $ZK - Target rate: 10.0% APR The pilot program tested staking mechanics and community participation on the zkRollup network. A comprehensive Season 1 Summary & Key Takeaways Report will be published to the forums soon, detailing performance data and lessons learned. The strong participation numbers suggest solid community engagement with the staking infrastructure during this initial testing phase.

zkSync CEO Alex Gluchowski sat down for an interview at Consensus to discuss the project's approach to private infrastructure and the future of zero-knowledge rollups. **Key Points:** - Full interview now available on zkSync's media platform - Gluchowski shares insights on zkSync's technical direction - Discussion covers privacy-focused infrastructure development This follows a previous interview from DC Summit in April where Gluchowski discussed rollup technology. [Watch the full Consensus interview](https://www.zksync.io/media/alex-gluchowski-zksync-private-infra-consensus)

ZKsync is repositioning itself beyond a traditional Layer 2 solution, focusing on building **private institutional infrastructure** that leverages Ethereum as a settlement layer. **Key Points:** - ZKsync's leadership clarified they're not simply building an L2, but rather infrastructure designed specifically for institutional adoption - The project aims to onboard the entire financial system onchain while maintaining privacy features - Ethereum is being utilized as the settlement layer due to its established reliability and security - The solution allows institutions to build using their existing technology stack while settling on Ethereum and maintaining interoperability with other chains This strategic direction addresses what ZKsync describes as an "adapt-or-die moment" for traditional financial institutions entering the blockchain space. The approach combines privacy requirements that institutions demand with the security and finality of Ethereum settlement.