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Zunami Protocol
Joined 28 October 2022
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== '''UZD''' == | ==='''What is UZD?''' === | ||
UZD is a rebase token with a balance that grows in proportion to [https://www.zunami.io/ Zunami Protocol] APY. UZD is over-colaterized by [[Stablecoin|stablecoins]], which are allocated in [[Curve Finance]] pools and minted using the Zunami LP tokens (ZLP). UZD is secure from depeg, since it can be redeemed with USDT/USDC/DAI at any time. | UZD is a rebase token with a balance that grows in proportion to [https://www.zunami.io/ Zunami Protocol] APY. UZD is over-colaterized by [[Stablecoin|stablecoins]], which are allocated in [[Curve Finance]] pools and minted using the Zunami LP tokens (ZLP). UZD is secure from depeg, since it can be redeemed with USDT/USDC/DAI at any time. | ||
=== '''Getiing UZD''' === | === '''Getiing UZD'''=== | ||
The user can receive UZD two ways. To get their $UZD Stablecoins, users of Zunami need to: | The user can receive UZD two ways. To get their $UZD Stablecoins, users of Zunami need to: | ||
* Access the [https://app.zunami.io/ Zunami Protocol] and click on the $UZD Stablecoin section; | * Access the [https://app.zunami.io/ Zunami Protocol] and click on the $UZD Stablecoin section; | ||
* Select the amount of $UZD they wish to acquire; | * Select the amount of $UZD they wish to acquire; | ||
* Press the MINT button to receive $UZD Stablecoins, or the REDEEM button to redeem existing assets. | *Press the MINT button to receive $UZD Stablecoins, or the REDEEM button to redeem existing assets. | ||
Or you can acquire $UZD through the [https://curve.exchange/#/ethereum/pools/factory-v2-218/deposit Curve Finance Pool] hassle-free. | Or you can acquire $UZD through the [https://curve.exchange/#/ethereum/pools/factory-v2-218/deposit Curve Finance Pool] hassle-free. | ||
=== '''Stablecoin Trilemma''' === | ==='''Stablecoin Trilemma'''=== | ||
The $UZD Stablecoin perfectly solves the stablecoin trilemma thanks to its decentralized nature and by being collateralized by a set of various stable crypto assets, all designed to boost user APY via a rebalancing mechanism. The backing of the $UZD Stablecoin with USDC/USDT/DAI through LP tokens from Curve and Stake DAO allows it to be exchanged at a 1 to 1 ratio. Given that all of the pools in question are connected to the Zunami Protocol DAO Strategy, users can be certain that their yields will remain high and secure by existing liquidity volumes. | The $UZD Stablecoin perfectly solves the stablecoin trilemma thanks to its decentralized nature and by being collateralized by a set of various stable crypto assets, all designed to boost user APY via a rebalancing mechanism. The backing of the $UZD Stablecoin with USDC/USDT/DAI through LP tokens from Curve and Stake DAO allows it to be exchanged at a 1 to 1 ratio. Given that all of the pools in question are connected to the Zunami Protocol DAO Strategy, users can be certain that their yields will remain high and secure by existing liquidity volumes. | ||
=== '''UZD Features''' === | ==='''UZD Features'''=== | ||
As a rebase token, the $UZD Stablecoin allows users to have their balances grow without incurring any additional staking or engaging in liquidity supply. All users need to do is store the $UZD on their cold or hot wallets to receive stable high APY. | As a rebase token, the $UZD Stablecoin allows users to have their balances grow without incurring any additional staking or engaging in liquidity supply. All users need to do is store the $UZD on their cold or hot wallets to receive stable high APY. | ||
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The $UZD Stablecoin has been [https://github.com/ZunamiProtocol/ZunamiStable/blob/main/audit/abch-zunami-uzd-report.pdf audited] and launched based on the proven and trusted Zunami Protocol, which has also been extensively audited. | The $UZD Stablecoin has been [https://github.com/ZunamiProtocol/ZunamiStable/blob/main/audit/abch-zunami-uzd-report.pdf audited] and launched based on the proven and trusted Zunami Protocol, which has also been extensively audited. | ||
=== '''Addresses''' === | ==='''Addresses'''=== | ||
UZD contract address on [[Etherscan]]: <nowiki>https://etherscan.io/address/0x015B94AB2B0A14A96030573FBcD0F3D3d763541F</nowiki> | UZD contract address on [[Etherscan]]: <nowiki>https://etherscan.io/address/0x015B94AB2B0A14A96030573FBcD0F3D3d763541F</nowiki> | ||
Zunami UZD pool on [[Curve Finance|Curve Finance:]] <nowiki>https://curve.exchange/#/ethereum/pools/factory-v2-218/deposit</nowiki> | Zunami UZD pool on [[Curve Finance|Curve Finance:]] <nowiki>https://curve.exchange/#/ethereum/pools/factory-v2-218/deposit</nowiki> | ||