What is Zephyr Protocol (ZEPH)
The Zephyr Protocol is a decentralized platform that plays a pivotal role in the world of decentralized finance (DeFi). Let’s delve into its key features:
Stablecoin Protocol:
At its core, the Zephyr Protocol functions as an untraceable, over-collateralized, crypto-backed stablecoin protocol. This means it provides a stablecoin called Zephyr Stable Dollars (ZSD), which maintains its value by being backed by an in-protocol reserve of Zephyr (ZEPH). Importantly, this stability is not dependent on any centralized authority or stored in any specific wallet
Privacy:
The Zephyr Protocol draws inspiration from the Djed Protocol and incorporates Monero’s advanced privacy features. Djed itself evolved from the AgeUSD protocol, a collaborative effort involving the Ergo Foundation, Emurgo (from the Cardano ecosystem), and IOHK. By combining privacy and stability, Zephyr aims to offer a unique perspective on digital currency
Three Asset Model:
- ZEPH (Zephyr): The native token of the protocol, used for collateralization and governance.
- ZSD (Zephyr Stable Dollars): The stablecoin pegged to a stable value, backed by ZEPH.
- ZRS (Zephyr Reserve Shares): These represent ownership in the ZEPH reserve
In summary, Zephyr Protocol stands at the intersection of privacy, stability, and decentralization, providing a novel approach to the world of stablecoins and DeFi.
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Useful links:
Zephyr Protocol, Zephyr Protocol — A Refreshed Introduction,
