ZEPH
Zephyr Protocol
- Price
- $0.1881
- 24h
- +7.5%
- 7d
- −10.9%
- Market cap
- $2.3M
- 24h volume
- $111.2K
Zephyr Protocol (ZEPH) is a smart-contract platform and proof-of-work coin. 12.3M are in circulation, with no maximum. It ranks 2271st by market capitalisation among the coins tracked here. The project publishes its website, whitepaper, source and explorer.
What is the project about? Zephyr Protocol is an Over-Collateralized Private Stablecoin Protocol inspired by Djed Protocol on a native Monero based chain, inheriting all privacy features for all assets.
Zephyr Protocol uses a three asset model: ZEPH, ZephUSD and ZephRSV.
What makes your project unique? First Native Chain implementation of the Djed Protocol. First private Over-Collateralized stablecoin protocol
History of your project. Launched on 29/05/2023 - Grassroots community - no VC funding
What’s next for your project? Public Testnet for Djed implementation is soon. Q4 2023 mainent hardfork for Djed Implementation
What can your token be used for?
ZEPH is the Base coin which is used for the collateralization in the stablecoin protocol as well as minting ZephUSD and ZephRSV by adding the equivalent ZEPH value to the reserve.
ZephUSD is a Private Stablecoin, backed by at least 400% equivalent value in ZEPH at time of minting.
ZephRSV is the Reserve coin. Users are rewarded with ZephRSV when they add ZEPH to the reserve. ZephRSV coins act as shares of the reserves equity and the value of ZephRSV is formulaically calculated in protocol.
- Circulating
- 12.3M
- Total supply
- 12.3M
- Max supply
- No cap
Supply as of 22h ago