• Website: https://www.zunami.io
• Twitter: https://twitter.com/ZunamiProtocol
• Documentation: Introduction - Zunami Protocol Docs
• Github Page: GitHub - ZunamiProtocol/ZunamiProtocol
• Communities: Zunami Protocol
• Defillama: Zunami Protocol: TVL and Stats - DefiLlama
• Snapshot: Snapshot
• Zunami smart contract: https://etherscan.io/address/0x2ffcc661011bec72e1a9524e12060983e74d14ce
• UZD smart contract: https://etherscan.io/address/0xe5c987f93734cb44ab03f1b18e30a374254891b6
Zunami Protocol is a cross-chain yield aggregator that boosts stablecoin farming and solves the main issues of the current yield-farming protocols by streamlining interaction with DeFi.
The Zunami Protocol works directly with Curve/StakeDAO/Convex by providing liquidity in pools.
We have already made interaction with Curve affordable to users with small deposits and zero DeFi expertise
We provide the best profitability for users and make their life easier by rebalancing and diversifying funds to the best-performing Curve pools.
Moreover, by using the Zunami BSC Gateway, we have reduced the deposit/withdrawal costs by 100 times compared to working with Curve/StakeDAO/Convex directly.
The Zunami protocol launched the UZD dollar-pegged stablecoin, with rebase design and a balance that grows in proportion to Zunami APY. It is Minted using the LP tokens of Zunami and is backed by stablecoins, which are allocated in Curve Finance pools. UZD is secure from depeg, since it over-collateralized, and can be redeemed with USDT/USDC/DAI. We are also developing an AMO for the UZD pool which will strengthen the peg as well as increase the pool volume and reward for CRV DAO.
We hope to provide the easiest way for the average person to get the best returns on Curve thanks to the UZD native staking feature, as well as create one of the most profitable pools by using the rebase design and the high native APY of UZD
Governance: Zunami is a decentralized protocol run by the DAO. We have not yet launched our token, so the votes are distributed among Zunami LP token holders in proportion to the money invested in the protocol.
At the moment, all control comes from the team multisig, but the smart contract allows team to add new strategies only after a one-day pause.
All key decisions are made based on the voting of ZLP holders on the snapshot platform .
In the future, we plan to launch our own governance token - ZUN, and completely switch to the DAO on-chain model.
Oracles: Zunami does not use oracles that can somehow affect the price of collaterals or UZD.
Zunami was audited 2 times by ackee blockchain and has had an additional audit of the UZD stablecoin. Audit reports can be found here.
ZunamiProtocol/Zunami Audit Report v1.1.pdf at main · ZunamiProtocol/ZunamiProtocol · GitHub
ZunamiStable/abch-zunami-uzd-report.pdf at main · ZunamiProtocol/ZunamiStable · GitHub
The cross-chain part of protocol was also reviewed by independent contributors like Layer Zero and Stargate contributors.
Centralization vectors: There’s no single person or dev with admin controls over the protocol. But the main actions, such as adding new strategies, assigning a default strategy for input and output, as well as rebalancing funds between strategies, are carried out using a Team multi-sig 0xb056B9A45f09b006eC7a69770A65339586231a34
Market History: The Zunami Protocol was launched in March of 2022. The TVL of the protocol is currently $1.5 million. UZD was launched a few days ago and choose Curve as the best exchange for first listing