Zephyr Protocol

ZEPH Price

What is Zephyr Protocol about?

Zephyr Protocol is an Over-Collateralized Private Stablecoin Protocol inspired by Djed Protocol, built on a native Monero-based chain, ensuring all assets benefit from Monero's privacy features. It operates with a three-asset model: ZEPH, ZephUSD, and ZephRSV.

What makes Zephyr Protocol unique?

Zephyr Protocol stands out as the first native chain implementation of the Djed Protocol and the first private Over-Collateralized stablecoin protocol.

What's the history of Zephyr Protocol?

Zephyr Protocol was launched on May 29, 2023, as a grassroots community project without any VC funding.

What's next for Zephyr Protocol?

The public Testnet for the Djed implementation is upcoming, with a mainnet hardfork planned for Q4 2023 to integrate the Djed Protocol.

What can Zephyr Protocol be used for?

ZEPH serves as the base coin for collateralization in the stablecoin protocol and is used to mint ZephUSD and ZephRSV by adding equivalent value to the reserve. ZephUSD is a private stablecoin backed by at least 400% of ZEPH's value at minting. ZephRSV is the reserve coin, rewarding users with shares of the reserve equity. Its value is tied to the reserve ratio, increasing when reserves are high and decreasing when low, with a maximum reserve ratio of 800%. Reserve providers are incentivized through leveraged positions, fees from minting or redeeming ZephUSD, price deviation adjustments, and block rewards allocated to the reserve.

Where can you buy Zephyr Protocol?

ZEPH tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Zephyr Protocol is MEXC, where the most active trading pair ZEPH/USDT has a trading volume of $60,267.48 in the last 24 hours. Other popular options include XT.COM and Nonkyc.io.

What is the daily trading volume of Zephyr Protocol (ZEPH)?

The trading volume of Zephyr Protocol (ZEPH) is $108,524.73 in the last 24 hours, representing a 6.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Zephyr Protocol (ZEPH)?

Zephyr Protocol (ZEPH) reached an all-time high of $52.31 and an all-time low of $0.2548. It’s now trading -99.50% below that peak and 2.30% above its lowest price.

What is the market cap of Zephyr Protocol (ZEPH)?

Market capitalization of Zephyr Protocol (ZEPH) is $3,198,033 and is ranked #1977 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZEPH tokens (12 Million tokens are tradable on the market today).

What is the fully diluted valuation of Zephyr Protocol (ZEPH)?

The fully diluted valuation (FDV) of Zephyr Protocol (ZEPH) is $3,198,033. This is a statistical representation of the maximum market cap, assuming total number of 12 Million ETH tokens are in circulation today.

How does the price performance of Zephyr Protocol compare against its peers?

With a price decline of -15.80% in the last 7 days, Zephyr Protocol (ZEPH) is underperforming the global cryptocurrency market which is up 2.30%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 2.50%.