Zunami Protocol Launches zunBTC for Enhanced Bitcoin DeFi Yields
Zunami Protocol Launches zunBTC for Enhanced Bitcoin DeFi Yields
馃専 Bitcoin Yields Just Got Spicy
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.
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 Activates Revenue Switch, Directing All Income to ZUN Stakers
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.