ZEPH

Zephyr Protocol price 
ZEPH

$9.81  

9.91% (1d)

Zephyr Protocol to USD Chart

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Zephyr Protocol statistics
Market cap
 

0.00%

$20,123,313
#2788
Volume (24h)
 

2.79%

$1,018,095
#1172
Volume/Market cap (24h)
 
5.06%
Self-reported circulating supply
 
2,052,290 ZEPH
Total supply
 
2,052,290 ZEPH
Max. supply
 
--
Fully diluted market cap
 
$20,123,313
ZEPH to USD Converter
ZEPH
USD
Price performance
24h 
Low
$9.63
High
$12.16
All-time high
Nov 23, 2023 (5 months ago)
$969.01
-98.99%
All-time low
Nov 23, 2023 (5 months ago)
$0.06374
+15284.12%
See historical data
Popularity
In watchlists15,338x
1664th / 9.7K
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About Zephyr Protocol

What Is Zephyr Protocol?

Zephyr Protocol is a crypto-backed, over-collateralized, private, decentralized Stablecoin protocol; inspired by the Djed Protocol on a native Monero based chain, inheriting all privacy features for all assets. Launched on 29/05/2023.

Zephyr Protocol uses a three asset model: ZEPH, ZSD and ZRS.

ZEPH is the “Base coin” which is used as the collateralization in the stablecoin protocol as well as minting ZSD and ZRS by adding the equivalent ZEPH value to the reserve.

ZSD - Zephyr Stable Dollar - is a Private Stablecoin, backed by at least 400% equivalent value in ZEPH at time of minting.

ZRS - Zephyr Reserve Shares - is the “Reserve coin” which represents a share of the excess equity of the reserve. Users mint ZRS in return for adding ZEPH to the reserve. ZRS coins act as shares of the reserves excess equity and the value of ZRS is formulaically calculated in protocol. Simplified, the value of ZRS is correlated to the reserve ratio, dropping when reserves are low and increasing when reserves are high. To avoid dilution for the ZRS holders, there is a maximum reserve ratio of 800% at which time no more ZRS can be minted.

Reserve Provider Incentives

Leveraged Position: as ZEPH's value increases the amount of ZEPH each ZRS is redeemable for increases.

Collect Fees for Actions: When users mint or redeem ZSD and redeem ZRS they incur a fee which is added to the reserve.

Spot and MA Price Deviation: The value returned for performed actions is calculated by the worst price between the Spot and MA. This value discrepancy is added to the reserve.