OpenZK Network (OZK) Price

What Is OpenZK Network (OZK) ?

OpenZK Network (OZK) is a next-generation Layer 2 blockchain built on Ethereum, designed to offer scalable, secure, and capital-efficient staking solutions using Zero-Knowledge (ZK) Rollups. It allows users to stake ETH and stablecoins directly on Layer 2, while maintaining liquidity and earning rewards through tokenized assets.

At its core, OpenZK introduces two main innovations:

1. ozETH: A liquid restaked ETH token that represents staked ETH and rewards accrued from restaking protocols like EigenLayer.

2. ozUSD: A yield-bearing stablecoin backed by staked USDT, USDC, or DAI.

Users bridge ETH or stablecoins to the OpenZK Layer 2 and automatically begin earning rewards. These assets are staked and restaked securely, while users receive ozETH or ozUSD, which can be traded, transferred, or used across DeFi applications. By leveraging ZK Rollup tech, OpenZK ensures fast transactions, low fees, and Ethereum-level security, all while offering real-time staking yields on-chain.

The OZK token powers the ecosystem, used for governance, staking incentives, and paying transaction fees within the network.

Who Is the Team Behind OpenZK Network?

OpenZK Network (OZK) was launched on December 30, 2024, as a Layer 2 solution on Ethereum focused on staking, restaking, and stablecoin yield generation using ZK Rollup technology. It was co-founded by Dave Sandor, Lucas Cullen, and Jenna Wayne, with a roadmap that includes OZK token listings, DeFi integrations, and a dual gas fee system rollout through 2025.

OpenZK Network launched its mainnet in December 2024, enabling native ETH staking, restaking, and stablecoin staking. By early 2025, it kicked off its OZK token airdrop campaign and secured $6 million in funding from investors like Animoca Brands and Coinstore to accelerate ecosystem growth.

OpenZK Network Roadmap

• Q2 2025: Launch of OZK token trading on major exchanges, enhancing liquidity and accessibility.

• Q3 2025: Expansion of DeFi integrations, including partnerships with platforms like Rocketpool and EigenLayer, to offer diversified staking options.

• Q4 2025: Introduction of the Dual Gas Fee Mechanism, allowing users to pay transaction fees using either ETH or OZK tokens, promoting flexibility and utility within the network.

What Are the Use Cases for OZK Token?

OZK is the native utility and governance token of the OpenZK Network. It is used to pay transaction fees (gas) on the network, offering an alternative to ozETH, and incorporates a deflationary mechanism where a portion of the gas fees paid in OZK is burned, reducing the total supply over time.

Additionally, OZK tokens can be staked to earn rewards and participate in governance decisions, allowing holders to have a say in the future development of the network.

To trade OZK tokens on the BingX spot trading interface, log in to your BingX account, navigate to the "Spot" section, and search for the OZK trading pair (e.g., OZK/USDT). From there, you can place buy or sell orders using market or limit order types, depending on your trading strategy.

How to Participate in OpenZK Airdrop

The OpenZK airdrop is a points-based rewards campaign that began on February 23, 2025, allowing users to earn OZK tokens by staking ETH or stablecoins on the OpenZK Network. Early participants benefit from a 10x points multiplier, with additional boosts available through social tasks and referrals. The campaign is set to distribute up to $100 million in tokens, representing 10% of the total OZK supply.

To join the OpenZK (OZK) airdrop, start by visiting the airdrop portal and connecting a Web3 wallet like MetaMask. Then, bridge ETH or stablecoins (USDT, USDC, DAI) from Ethereum to the OpenZK Network using the “Stake & Bridge” function—early users get a 10x points multiplier.

Once bridged, you’ll earn airdrop points based on the formula: Points = Amount Staked × Staking Duration × Multiplier

Additional boosts include:
1. +2x for following OpenZK on Twitter
2. +0.5x weekly multiplier for holding
3. +1x for staking at least 1 ozETH
4. +0.3x for each qualified referral

You can also complete quests, such as bridging 0.1 ETH or engaging on social media, to earn extra points. Keep your assets staked until the airdrop claim to maximize rewards and avoid losing multipliers.

When Is the OpenZK Airdrop?

• February 23, 2025: Launch of the Airdrop Points Campaign. Participants began earning points by staking ETH or stablecoins on the OpenZK Network. Early participants received a permanent 10x points multiplier.

• March 16, 2025: Conclusion of the Early Bird period. Users who staked assets before this date secured the enhanced multiplier benefits.

• April 20, 2025: Snapshot taken for Phase 1 of the airdrop. Over 13,000 participants qualified based on their staking activity up to this date.

• Late April 2025: Commencement of Phase 1 airdrop distribution, allocating 2.5% of the total OZK token supply to early supporters.

What Is OpenZK Network Tokenomics?

OpenZK Network employs a dual-token model comprising OZK and ozETH to facilitate its Layer 2 ecosystem. The OZK token has a total supply of 15 billion.

As of April 2025, OpenZK Network (OZK) has not publicly disclosed a detailed breakdown of its token distribution beyond allocating 10% of the total supply for community rewards. This allocation is intended for airdrops and incentives to encourage user participation and engagement within the ecosystem.

What Is the Difference Between ozETH and ozUSD?

ozETH and ozUSD are two core assets within the OpenZK Network, each representing different staking mechanisms and underlying assets. ozETH is a liquid staking token backed by ETH that has been staked and restaked across protocols like EigenLayer. It allows users to earn staking rewards while retaining liquidity, meaning they can trade or use ozETH in DeFi applications without needing to unstake their ETH. Additionally, ozETH can be used to pay transaction fees (gas) on the OpenZK Network, offering both utility and yield in one asset.

In contrast, ozUSD is a yield-generating stablecoin backed by staked stablecoins such as USDT, USDC, or DAI. When users bridge their stablecoins to OpenZK and stake them, they receive ozUSD in return. This token retains the price stability of traditional stablecoins while earning staking rewards, making it ideal for users seeking low-risk yield. ozUSD plays a crucial role in expanding the staking economy to stablecoin holders, enabling them to participate in decentralized finance without exposure to crypto price volatility.

Is OpenZK Network Secure?

Yes, OpenZK Network is built with a strong focus on security, primarily leveraging ZK Rollup technology. This approach ensures that transactions are processed off-chain for greater scalability and lower fees, while still inheriting the security of the Ethereum mainnet. ZK Rollups bundle multiple transactions into a single proof, which is cryptographically verified on Ethereum, making the system highly resistant to fraud and tampering.

In addition to its technical foundation, OpenZK has undergone multiple smart contract audits by leading security firms like Hashlock. These audits confirmed the network’s core contracts are secure, with all identified issues addressed prior to the mainnet launch. The OpenZK team continues to prioritize security through ongoing monitoring and plans for additional audits, reinforcing its commitment to providing a safe and trustworthy Layer 2 environment.