Role of $ZEX
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The $ZEX token is the governance token of the Zeta Markets protocol, designed to strategically align the interests of our community with the protocol’s overarching goals. We are excited to expand the scope of $ZEX utility beyond governance and incentives (outlined in the token whitepaper ) through ZX.
$ZEX is designed to play a significant role in the ZX rollup infrastructure by facilitating transactions and serving as an incentive mechanism to reward stakeholders performing critical operations. These stakeholders include sequencers who order and produce blocks, full nodes that publish state commitments, and prover nodes that verify state transitions.
Beyond rollup infrastructure, we are envisioning further use cases of $ZEX on ZX by offering additional utility to long term stakeholders that stake $ZEX such as exclusive fee tiers.