CZodiac's defi dapps empower the community to earn high interest with CZF (Chinese Zodiac Farming Token). These rates are created by actual returns of capital instead of the low rates set by goverment decree in traditional finance. It does so through several major innovations.
Exotic Farms: Deliver LP and earn vesting CZF every second with no Impermanent Loss (IL). Delivered LP is transferred to the protocol's treasury, creating a rising price floor.
Chrono Pools: Defi v2 style pools with per block vesting. Users stake CZF to earn other tokens each block. Fast Forward delivers rewards from the future into the present at a discount.
Stim Farms: Defi v2 style farms inspired by Olympus Dao (OHM). Users deliver LP tokens to the protocol in exchange for high APY and their deposit returned as CZF after 1 week. Purges toxic LP from v1 farms and provides higher quality liquidity.
Farms v1: Farms which increase CZF liquidity while simultaneously locking CZF. All farms are against CZF pairs meaning farmers are rewarded with high APR for supporting CZF instead of dumping.
Antidump Vaults: Single asset vaults which earn high APY without selling any tokens. Vault depositers can earn APY on the base asset (such as BNB) with CZF on top. The protocol tokens earned are packed into Pools.
Scorch Peg: Automatically pegs CZUSD to $1 by burning CZF. The peg deposits trading profits from holding the peg into vaults to earn interest. This interest is then used to burn CZF, reducing supply.
Pools v1: Tokens collected from dapps and partners are then distributed to CZF stakers via pools with high APR.
Exempt Borrow: Deposit CZF to borrow up to 75% of the value in CZUSD. All borrows are exempt from interest and liquidation. Users can leverage their CZF to gain increased price exposure without the risk of losing their underlying capital.
Catalytic Development: CZodiac community members building products receive a salary directly tied to the value of CZF. These development incentives catalyze products that increase the value of CZF.
More features are under development by devs from the CZodiac community. These include Dynamic Emissions, Chrono Pools, Exotic Auctions, NFT Staking v1, Robo Pools and Allotment Voting.
CZF is the protocol token for CZodiac. It is earned as rewards in Stim Farms and Pack Vaults. It is staked as liquidity in farms and as an asset in pools earning various tokens. It is an inflationary token whose supply is set by a balance between minting and burning. The total supply of CZF is expected to never exceed 500b and will likely stay far below this number.
CZUSD is a USD stablecoin. The peg is maintained in the short term by the Scorch Peg which trades the token back to $1 and uses the profits to burn CZF. In the long term the peg is held by the Exempt Borrow feature which backs CZUSD with overcollateralized CZF debt.