Zephyr Protocol
ZEPH #1671Project Safety Score: 45%
Updated 16 minutes agoRecord
Health
Security
Behavioral
& Liquidity
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.
- ✗Low economic security
- ✗No recent code commits
- ✗No hard cap on total token supply
- ✗Very low L1 trading volume
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