Foresight News reported that, according to The Block, the ZKsync DAO DeFi Steering Committee has announced that it will terminate the Ignite token incentive program early. The program was originally scheduled to run for 9 months, with the release of 300 million ZK tokens in three quarters, including a plan to release 100 million ZK tokens in the first quarter. However, due to the market downturn, its value has dropped from $20 million to $7 million.

The committee stated that the decision to terminate the Ignite program early was due to the current market environment, which has prompted the DAO to adopt a more conservative financial management strategy, as well as the shift in ZKsync's ecological strategy towards the development of the multi-chain Elastic Network. Additionally, the native interoperability technology of the Elastic Network is not yet fully mature, and continued investment in liquidity incentives may lead to diminishing returns, so the decision was made to focus resources on the improvement of this technology.