Zunami Protocol Advances Decentralized Stablecoin Vision
Zunami Protocol Advances Decentralized Stablecoin Vision
🚀 Stablecoins Get a Plot Twist
Zunami Protocol is developing a new approach to stablecoins based on two fundamental principles:
- The stablecoin market needs full decentralization at its core
- Collateral-based revenue should be distributed to DAO participants
The protocol has launched zunUSD, their first aggregated USD stablecoin that integrates with established stablecoins including:
- crvUSD
- USDT
- USDC
This development represents a significant step toward decentralized stablecoin infrastructure.
❗️Two key principles we’re inevitably moving towards: 1) The #stablecoin market leader must be fully decentralized. 2) All collateral-based income should go to #DAO participants. This is exactly what @ZunamiProtocol is building. 🛠️
Tether registers $2.5. billion in net profit for Q3, bringing year-to-date total to $7.7 billion theblock.co/post/324075/te…
Zunami Protocol Launches Curve LP Token Staking with ZUN Rewards
Zunami Protocol has expanded its Earn section with a new staking option for Curve LP token holders. Users can now earn $ZUN rewards by staking their Curve LP tokens. This follows their March tokenomics upgrade which introduced: - On-chain backing for zunStables in Curve Finance pools - Direct minting/redemption via Zunami dApp - Enhanced yields through vote market profits (1.9x-3.2x boost) The protocol continues to focus on sustainable yields and streamlined DeFi interactions.
StakeDAO Pool Maintains 1000%+ APR for Nearly a Year
The zunETH/pxETH liquidity pool on StakeDAO has consistently delivered exceptional returns, maintaining an APR above 1000% for almost 12 months. Key points: - Current yield rates are trending even higher - Analysts project sustained elevated returns in the short term - Pool demonstrates remarkable stability in high-yield performance This performance stands out even in the context of other successful DeFi yields, such as ETH/ZK V3 pool (40% APY) and ETH/USDC pool (32.2% APY).
Curve Finance Expands BTC Omnipool Integration
Curve Finance announces significant expansion of their Bitcoin offerings. Key updates include: - Integration into BTC omnipool at launch - Enhanced by flywheel boost mechanism - New yield-bearing version for leverage trading - Deep Bitcoin liquidity provision The integration aims to strengthen Curve's position in DeFi by providing more efficient Bitcoin trading and yield opportunities. These developments suggest growing institutional interest in DeFi Bitcoin products.
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.*