{"repo":"AnthonyTechhh/ZephyrWallet","free":true,"listed":false,"github":"https://github.com/AnthonyTechhh/ZephyrWallet","clone":"git clone https://github.com/AnthonyTechhh/ZephyrWallet.git","description":"Official Zephyr Protocol node - The Untraceable Over-Collateralized Stablecoin Protocol","language":"C++","stars":46,"topics":["blockchain","crypto","cryptocurrency","monero","privacy","stablecoin","zephyr","djed-protocol"],"license":null,"category":"blockchain-web3","readme_excerpt":"Zephyr Copyright (c) 2023, Zephyr Protocol \\ Copyright (c) 2014-2023, The Monero Project \\ Portions Copyright (c) 2019-2021, Haven Protocol \\ Portions Copyright (c) 2012-2013 The Cryptonote developers. Introduction Zephyr is a revolutionary digital currency that combines the principles of privacy and stability. Grounded firmly on the academically peer-reviewed, formally verified and empirically battle-tested Minimal Djed protocol, Zephyr embodies the first over-collateralized, private stablecoin, seamlessly incorporating the privacy features of Monero into a stablecoin system. The research and development of the Djed protocol started as a collaboration between Ergo, Emurgo and IOHK in 2020, and has since had multiple implementations and deployments (cf. https://docs.djed.one). In simple terms, Zephyr Protocol works as follows. Users can mint or redeem Zephyr Stable Dollar (ZSD) and Zephyr Reserve Share (ZRS) coins in exchange for the base coin (ZEPH). The price for stable coins is determined by a pricing oracle, the price for reserve coins is determined using a formula based on the current reserve data. When minting new stable/reserve coins the base coins that are exchanged (+ fee) get added to the Zephyr reserve. This reserve is the collateral backing for the stablecoin holders and is ensured to be above 400% collateral at all times. In the event that collateralization falls below 400% due to price decrease, new stable coins are unable to be minted, however the reserve coin ","default_branch":null,"files":null,"tree":[],"storefront":"/r/AnthonyTechhh","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/AnthonyTechhh/ZephyrWallet/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}