The Zunami Protocol has successfully implemented a significant revenue model change following a community vote. Key updates:
- All collateral income from zunUSD, zunETH, and zunBTC now flows to ZUN stakers
- Performance fees from Zunami APS included in distribution
- Current APR stands at 200% (paid in CRV, USDT & CVX)
- Weekly reward distribution with 7-day streaming period
- Rewards unlock progressively with each block
Stakers can now participate in the protocol's revenue sharing system.
✨ The vote for the Revenue Switch has concluded. All collateral income from $zunUSD, $zunETH, and $zunBTC, along with the performance fees from Zunami APS, will be directed to $ZUN stakers. 💰 Get ready for one the best cash flow in #DeFi. Mic drop.
The launch of zunBTC is just around the corner, but we have equally exciting news to share. Initially, the Zunami economy was unbalanced, but now it’s time for change. Today, we’re initiating a vote on the “Revenue switch.” snapshot.org/#/zunamidao.et…
Zunami Protocol Hack: Collateral Assets Stolen
The Zunami protocol has reported a security breach affecting its stablecoin operations. The hack resulted in the theft of collateral assets backing both zunUSD and zunETH tokens. - Protocol team currently investigating the incident - All collateral assets for both tokens compromised - Exact loss amount still being determined This incident follows a series of DeFi protocol breaches, including the recent UwU Lend protocol hack that resulted in combined losses of $23.7M across two separate attacks. *Users are advised to monitor official Zunami channels for updates.*
Zunami Protocol Implements On-Chain DAO Governance

Zunami Protocol announces a significant upgrade to its governance structure by implementing on-chain DAO governance using OpenZeppelin Governor framework. This transition gives $vlZUN token holders direct control over protocol decisions. The move follows Zunami's successful expansion to Base Layer 2 network in October 2023, where users can stake zunUSD tokens. Key Updates: - Full transition to on-chain governance - $vlZUN holders receive voting rights - Implementation via OpenZeppelin Governor - Decentralized control of protocol parameters
Zunami Protocol Launches ZUN Token Rewards for zunBTC Staking

Zunami Protocol has initiated the distribution of $ZUN token rewards for users staking $zunBTC. The rewards program marks a significant milestone in Zunami's DeFi ecosystem development. - Distribution began December 13th, 2024 - Rewards are specifically for $zunBTC stakers - Program continues the protocol's expansion of yield-generating opportunities *Note: This follows the protocol's earlier introduction of $zunBTC in November 2024.*
Zunami Protocol Launches zunBTC for Enhanced Bitcoin DeFi Yields

Zunami Protocol introduces zunBTC, a new Bitcoin-pegged asset for DeFi yield optimization: - 1:1 minting/redemption with WBTC or tBTC - Integrated dashboard for tracking collateral and yields - Automated yield compounding via zunBTC APS Vault - Direct swaps into collateral available 24/7 - Leverages Curve Finance Flywheel for yield generation The protocol aims to simplify Bitcoin yield farming while maximizing returns through automated strategies.