Jan 16
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Zephyr Protocol introduces the world’s first private, over-collateralized stablecoin system, built on the Monero codebase for full transaction privacy. Its stablecoin, ZSD, is always backed by at least 400% ZEPH collateral, creating a robust buffer that avoids the “death spiral” mechanics that doomed algorithmic models like Luna/UST. The ecosystem includes four assets—ZEPH, ZSD, ZRS, and ZYS—that work together to deliver private digital cash, hard collateral backing, and sustainable yield. Early performance has shown that Zephyr’s yield token (ZYS) can offer extremely competitive returns powered by real block rewards, not inflationary emissions. With its upcoming Ethereum (EVM) bridge, Zephyr is about to become accessible to the entire DeFi world. For the first time, users will be able to bring a fully private stablecoin and its yield-bearing ecosystem into mainstream liquidity platforms like Uniswap. This bridge is expected to dramatically expand adoption by connecting Zephyr’s privacy-preserving economics to billions in DeFi activity. Overall, Zephyr marries Monero-level privacy, MakerDAO-style collateralization, and real yield—creating a completely new category: the private stablecoin economy.