Decentralized Stablecoins and Omnipools

Keywords staking stablecoins, yield aggregator, yield optimizer, stable coin staking, stablecoin staking, best stablecoin staking, stake stablecoin, yield farming aggregator, defi yield aggregator, best place to stake stablecoins

Frequently asked question

What is the Zunami Protocol?

Zunami is a decentralized protocol that issues aggregated stablecoins, whose collateral is utilized in omnipools and differentiated among various profit-generating strategies. We create Omni pools and issue zunStables on top of them. Currently, we have launched two aggregated stablecoins - zunUSD and zunETH.

What is Zunami Omnipools?

Why should you choose our product?

The Omni pool operates as a Yield Aggregator by providing liquidity to the multiple strategies and reinvesting profits. The DAO manages the addition of new strategies and the rebalancing of funds between strategies. Zunami puts the stablecoins into a set of our strategies (usually 2-3 strategies in operation), which in turn puts them as LP into Curve pools, receives Curve LP, and then stakes them in Convex or StakeDAO reward contracts (Gauges).

What is zunETH and zunUSD?

We see a vast number of stablecoins in the market, and their quantity continues to grow. It becomes evident that there is a need for aggregated products capable of providing users with an optimized experience. By design, zunStables aim to lead the charts through the aggregation of the best tools in the market.

Each zunStable is backed by its own Omni pool, managed through DAO governance. The DAO manages the addition of new strategies and the rebalancing of funds between strategies.

What is APS?

Their main task of APS is to maintain the peg of stablecoins by ensuring the correct proportion in the pool. Let's explain the functionality using the example of the zunUSD/FRAXBP pool on Curve. If there is an imbalance in the pool towards an increase in the FRAXBP proportion, APS withdraws USDC from the pool, deposits them into Zunami, mints zunUSD, and then deposits them back into the pool.

Is Zunami Protocol decentralized?

The Zunami Protocol operates as a fully decentralized protocol, managed through a DAO. ZUN holders have the power to determine which strategies should be included or excluded from the omnipools, as well as how to distribute funds among these strategies.

What is ZUN token?

ZUN is the core native token of the Zunami Protocol. ZUN token holders have decision-making authority in the following areas:
- Liquidity as a Service (LaaS): $ZUN token enables the management of strategies in OmniPools and the acquisition of zunUSD/zunETH liquidity from APS through voting on DAO proposals.
- Governance Control: $ZUN stakers can actively participate in voting and influence the development direction of the Zunami Protocol.
- ZUN Distribution Control: $ZUN stakers can engage in a bi-weekly Gauge weight vote to determine the distribution of $ZUN token emissions."

What is ZUN staking?

ZUN stakers provide an additional layer of collateral, enhancing the security of UZD and zETH, and in return, they earn 100% of the protocol's revenue. There is a contract that enables users to stake ZUN for 4 months and receive vlZUN. ZUN stakers are entitled to all operational profits generated by the protocol and play a crucial role in making key decisions, such as omni pool allocation and the distribution of ZUN emissions.

Decentralized Stablecoins and Omnipools

About

Advantages of using omnipools as collateral for stablecoins:

Decentralization is the key

ZUN Staking

Algorithmic Peg Stabilizer (APS)

Security

Frequently asked question