Zephyr Protocol

Zephyr Protocol

ZEPH #1888
CC 44% L1 Protocol Watch

Project Safety Score: 44%

Updated 5 hours, 36 minutes ago
Zephyr ProtocolZEPH
Market Cap$3643366
24hr Volume$105979
24hr Change-1.5%
Price$0.290819
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
84 A
100% · medium
Developer
Health
3 F
100% · medium
Network
Security
50 CCC
100% · medium
Social
Behavioral
72 BBB
67% · medium
Adoption
& Liquidity
12 F
100% · high

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ZEPH Zephyr Protocol Details
Type
Stablecoin Protocol
Launched
2023
HQ
Unknown
Team
Anonymous
Smart Contract PlatformProof of Work (PoW)Stablecoin IssuerPrivacy Blockchain

Zephyr Protocol is an over-collateralized private stablecoin protocol launched on May 29, 2023, and is built on a native Monero-based chain, utilizing its privacy features for asset transactions. It employs a three-asset model consisting of ZEPH, ZephUSD, and ZephRSV, where ZEPH serves as the base coin for collateralization, and ZephUSD is a private stablecoin requiring at least 400% collateral in ZEPH for minting. ZephRSV acts as a reserve coin linked to the reserve ratio, which influences its value.

The protocol's governance model is community-driven, with no external venture capital funding. Future developments include a public testnet for its Djed implementation and a maintenance hard fork scheduled for Q4 2023. The protocol incentivizes reserve providers through mechanisms such as leveraged positions based on ZEPH's value, fees from minting or redeeming actions added to the reserve, and contributions from block rewards.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 84 out of 100.
Zephyr Protocol has a solid track record with a reputation for regulatory compliance, showing no historical incidents or actions. Operating for 3.3 years, it has maintained a clean history, reflecting positively on its stability and reliability.

Economic design score 75 out of 100.
The economic design of Zephyr Protocol shows reasonably favorable features. While it has a defined circulating supply, the absence of a hard supply cap introduces potential inflation risks. Nonetheless, the 100% circulation rate indicates that all tokens are currently in circulation, supporting stability.

Developer health score 3 out of 100.
The developer health of Zephyr Protocol raises concerns, scoring extremely low. With no commits in the past four weeks and only 65 GitHub stars, the activity and engagement within the developer community appear minimal. This decline in developer activity may affect the project's long-term viability and updates.

Network security score 47 out of 100.
Zephyr Protocol's network security is rated moderately low, primarily due to its economic security score of zero. Despite having a chain age of 3.3 years and no historical incidents, the market cap of just over $4 million signals potential vulnerabilities within the project's financial stability.

Social behavioral score 63 out of 100.
The project demonstrates a mixed social footprint, with verified accounts on Twitter, Telegram, and Discord. However, the audience sentiment is predominantly negative, reflecting a sentiment score of zero, which may deter potential investors. A limited social analytics feed restricts a deeper understanding of its broader influence.

Adoption and liquidity score 15 out of 100.
Zephyr Protocol receives a very low score in adoption and liquidity, indicating significant challenges. With a daily trading volume of only $114,335 and a low market cap, its activity on centralized exchanges is limited, which could hinder growth and accessibility in the market.

The inherent risks in investing in Zephyr Protocol focus on the low economic security and limited developer engagement. These factors may expose investors to unforeseen volatility and challenges, highlighting the necessity for thorough research before considering any investment.

View whitepaper ↗ (2023)
Quality: high
Max supply: 10,400,317 ZEPH
  • Low economic security
  • No recent code commits
  • No hard cap on total token supply
  • Very low L1 trading volume

Price Chart

Zephyr Protocol Exchanges

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85%
Profile Status
Data completeness
Some data missing
High confidence

Market Stats

All-Time High$52.31
All-Time Low$0.2903
Circulating12518054
Total Supply12518054

Recent News

Zephyr Protocol Stable Dollar price today, ZSD to USD live price, marketcap and chart

general 1 source 3 months ago

ZEPH Price to Euro | Convert ZEPH to EUR

general 1 source 9 months, 2 weeks ago

Zephyr Protocol Stable Dollar (ZSD)

general 1 source 2 years, 1 month ago

Zephyr Protocol: Ushering In A New Era Of Stablecoins With ZEPH

general 1 source 2 years, 6 months ago

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general 2 sources 2 years, 6 months ago

Zephyr Protocol price today, ZEPH to USD live price, marketcap and chart

general 3 sources 2 years, 6 months ago

Zephyr Protocol Price Today in India | ZEPH to INR Live Price & Chart

general 2 sources 2 years, 6 months ago

Zephyr Protocol Price Today in United States | ZEPH to USD Live Price & Chart

general 2 sources 2 years, 6 months ago

Developer Activity

GitHub stars⭐ 65
Forks13
Watchers7
PRs merged2
View on GitHub →

Zephyr Protocol GitHub