ZWAP is the ZRC-2 governance token for ZilSwap that empowers stakeholders to take part in decisions governing the protocol, enact improvements and drive further development of the platform in a fully decentralised and permissionless manner. Fuelled by ZWAP, the on-chain voting system will allow for parameters such as protocol fees to be adjusted under the purview of this decentralised organisation.
The ZWAP governance token will follow the Lightning Liquidity Mining Programme where traders and liquidity providers will be rewarded with more ZWAP tokens.