ZAI Overview
ZAI - The Stable Money of the Ethermind.
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ZAI - The Stable Money of the Ethermind.
Last updated
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The ZAI Stablecoin is currently deployed on Base at: 0x69000dFD5025E82f48Eb28325A2B88a241182CEd
ZAI (ZAI) is a decentralized stablecoin within the MAHA ecosystem designed to maintain a 1:1 peg with the US Dollar (USD). Its core innovations are now amplified by JeremyAI, which ensures liquidity incentives are dynamically aligned with protocol growth.
ZAI aims to provide stability and liquidity without relying on traditional liquidation mechanisms or stability pools. Users can mint ZAI against traditional stablecoins, such as USDC and DAI, and leverage ZAI in various DeFi protocols and liquidity pools.
To support the growth of the ZAI stablecoin without the need for heavy inflationary rewards from MAHA, a feedback loop between liquidity providers and borrowers is created, ensuring that Liquidity providers who provide liquidity to ZAI are paid by borrowers who leverage their yields by borrowing ZAI.
This is why ZAI mainly caters to two kinds of users.
Liquidity Providers: Users who mint ZAI using stablecoins and provide liquidity to the ZAI/USDC pair across various DEXes. Liquidity providers earn MAHA rewards and fees earned from leverage borrowers.
Leverage Users / Borrowers: Users who borrow ZAI to leverage themselves across various asset classes. Borrowers pay an interest fee in ZAI which goes back to liquidity providers for providing liquidity.
The feedback loop between liquidity providers and borrowers is now powered by JeremyAI, which:
1. Dynamically adjusts MAHA rewards for liquidity providers based on real-time demand.
2. Allocates 1,000 MAHA every two days to optimize ZAI’s liquidity across DeFi.
3. Promotes incentives via SocialFi channels like X (Twitter) to maximize visibility.
ZAI is a decentralized stablecoin, and the source code is completely open-source (Under the GPL-3 license). The source code for ZAI can be found in the below Github repo:
ZAI is completely decentralized, with ownership of the token controlled by the MAHA governance.
