Zephyr Protocol
ZEPH
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Zephyr Protocol Info
Zephyr Protocol Intro
Zephyr Protocol is a pioneering privacy-centric stablecoin protocol, leveraging the Monero-based blockchain to offer an Over-Collateralized Private Stablecoin inspired by the Djed Protocol. It features a unique three-asset system comprising ZEPH, ZephUSD, and ZephRSV.\n\nDistinctive for being the first to implement the Djed Protocol on a native chain, Zephyr Protocol stands out as the inaugural private Over-Collateralized stablecoin protocol.\n\nThe protocol was community-launched on May 29, 2023, without venture capital backing, emphasizing its grassroots origins.\n\nLooking ahead, Zephyr Protocol is gearing up for a public testnet of its Djed implementation, with a mainnet hardfork scheduled for Q4 2023.\n\nZEPH serves as the foundational coin for collateralization within the protocol, enabling the minting of ZephUSD and ZephRSV by locking in an equivalent value of ZEPH in the reserve. ZephUSD is a privacy-focused stablecoin, pegged by a minimum of 400% in ZEPH value. ZephRSV functions as a reserve coin, rewarding users with a stake in the reserve's equity proportional to their ZEPH contributions. The value of ZephRSV fluctuates with the reserve ratio, capped at a maximum reserve ratio of 800% to prevent dilution.\n\nReserve contributors enjoy several incentives, including leveraged positions that benefit from ZEPH value increases, fee collection from minting or redeeming ZephUSD, profit from price discrepancies between spot and moving average prices, and a share of block rewards that contribute to the reserve, acting as an indirect staking reward.
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Zephyr Protocol is a pioneering privacy-centric stablecoin protocol, leveraging the Monero-based blockchain to offer an Over-Collateralized Private Stablecoin inspired by the Djed Protocol. It features a unique three-asset system comprising ZEPH, ZephUSD, and ZephRSV.\n\nDistinctive for being the first to implement the Djed Protocol on a native chain, Zephyr Protocol stands out as the inaugural private Over-Collateralized stablecoin protocol.\n\nThe protocol was community-launched on May 29, 2023, without venture capital backing, emphasizing its grassroots origins.\n\nLooking ahead, Zephyr Protocol is gearing up for a public testnet of its Djed implementation, with a mainnet hardfork scheduled for Q4 2023.\n\nZEPH serves as the foundational coin for collateralization within the protocol, enabling the minting of ZephUSD and ZephRSV by locking in an equivalent value of ZEPH in the reserve. ZephUSD is a privacy-focused stablecoin, pegged by a minimum of 400% in ZEPH value. ZephRSV functions as a reserve coin, rewarding users with a stake in the reserve's equity proportional to their ZEPH contributions. The value of ZephRSV fluctuates with the reserve ratio, capped at a maximum reserve ratio of 800% to prevent dilution.\n\nReserve contributors enjoy several incentives, including leveraged positions that benefit from ZEPH value increases, fee collection from minting or redeeming ZephUSD, profit from price discrepancies between spot and moving average prices, and a share of block rewards that contribute to the reserve, acting as an indirect staking reward.