zUSD Farm-Pool Listing on Harvest Finance

In collaboration with Harvest Finance, Zerogoki is glad to introduce a vault for users willing to capitalize on zUSD growth. A new trading pair (zUSD/wETH) is LIVE now on Harvest with an APY of over 190%

Users who deploy their assets into Uniswap V3: zUSD-ETH Vault gets to enjoy the following benefits:

  • Uniswap trading fees
  • FARM rewards
  • A share of up to $200k monthly incentives by Zerogoki (in zUSD)

https://etherscan.io/address/0xC1aa3966008ef13B9dD2867D41cA21d9C42932A1

https://etherscan.io/address/0xb5f7FD6fC1A0F0B606D6F65F656af79e12c310b7

​​https://app.uniswap.org/#/pool/105734

Harvest is described to automatically farm the highest yield available from the newest DeFi protocols and optimizes the yields that are received using the latest farming techniques. Harvest has grown to become the third-largest Yield-Aggregator on Ethereum and the eighth largest asset management platform in DeFi.

FARM is an Ethereum token that powers Harvest Finance, a yield optimizer that moves funds around the decentralized finance (DeFi) ecosystem in an effort to generate yields. FARM can be used for staking and yield farming on Harvest Finance. The top exchanges for trading in Harvest Finance are currently Binance, Coinbase Exchange, HitBTC, Bitcoin.com Exchange, and Gate.

4th largest Yield Aggregator in the DeFi space
Harvest ranked 8th on the DeFi asset management platform

Connect with Harvest: WebsiteTwitterDiscord

Zerogoki, a transliteration of ‘零号機’ in Japanese, stands for the experimental model Unit-00, and its token REI is the pronunciation of the word ‘zero’ (れい) in Japanese. Thus, it’s a metaphor for a prototype. Zerogoki is a leveraged token trading platform deployed on Ethereum and based on an algorithmic pegging mechanism, which can provide users with leverage tools for traditional assets such as foreign exchange, gold, and bonds. Users can use the platform token REI to cast leverage tokens or use the protocol’s synthetic dollar-zUSD to buy leverage assets directly.

As the pilot experimental protocol from Duet Protocol, which only has the Lite-minting module of Duet Protocol, in Zerogoki, the synthetic assets are generated only by destroying the protocol asset-REI, and the volatile leverage tokens are chosen as the listed assets to increase the system test pressure. At the same time, the slower Ethernet main net with high cost is used to test if Duet can run smoothly in a harsh environment.

Zerogoki produces two types of assets, the system token REI, and the synthetic asset zAsset. The system token REI has governance rights and serves as the fuel to burn for minting synthetic assets. zAsset includes stablecoin zUSD and other leveraged tokens, and the system encourages zUSD as a quote currency. The conversion rate in the minting procedure is determined by the Zerogoki Oracle, which will not follow the price fluctuations in the on-chain swap market but will follow the price calculated from

off-chain prices where these assets have better liquidity.

Zerogoki infographic of achievement in the last one month after launch

zUSD is an algorithmic stablecoin used for trading against zAssets — synthetic products of Zerogoki.

The recently conducted ranking of algorithmic stablecoins reveals that zUSD is the 4th largest one in terms of liquidity on Uniswap, not too far off $LUSD and $UST.

Main features:

Since there are a series of synthetic assets in Zerogoki, we only reward the people who provide liquidity between zUSD and these zAssets. Therefore, in order to trade zAsset, zUSD needs to be used, and another stablecoin has no direct liquidity between zAsset

Users could also provide liquidity for the zUSD between other mainstream stablecoins to get system rewards, which is the second reason to own the zUSD

zUSD had experienced a hacker attack in which the price of the zUSD dropped by 70% at one point, it took less than a day for the price anchor and liquidity depth to return to their pre-attack levels, demonstrating excellent mechanism design and strong community consensus.

After one month’s release, Zerogoki’s zUSD has been ranked 3rd in volume and 4th in liquidity within the category of algorithm stable coins on #Uniswap.

Twitter Announcement :

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Zerogoki is a leveraged token trading platform deployed on Ethereum and based on an algorithmic pegging mechanism.