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Proposal: (Zenith Protocol)

Voting ended almost 4 years agoSucceeded

Zenith Protocol is a twin system of algorithmic wealth & low-risk stablecoin on the Ethereum network. It produces the ZENI token: an algorithmic metastable token that serves as a store of wealth. And it produces the Zusd token: a stablecoin, equal to 1 USD. The most surprising thing about this protocol is that it has an innovative Zenith-AMM model and a (-3,1,3) game. The protocol has the liquidity of the market, and the control of the protocol is given to the holders, who can control the liquidity distribution by adjusting the parameters. Make liquidity more concentrated or decentralized by adjusting liquidity distribution. With the (-3,1,3) game, the person who takes more risk will get more benefits. And the floor price of ZENI will continue to increase as the game progresses, which will benefit all ZENIs' holders. And there will be a fair launch that everyone can participate in. ZENI and Zusd held by anyone can only be minted through the protocol.

Off-Chain Vote

Approve
3 Cult60%
Reject
2 Cult40%
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Discussion

CultDAO.artProposal: (Zenith Protocol)

Timeline

Apr 26, 2022Proposal created
Apr 26, 2022Proposal vote started
Apr 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated