@zephyr_org is officially bridging
$ZYS to
#ethereum
This is going to skyrocket the price of
$zeph!
Let’s examine the new proposal more closely:
“These wrapped tokens could then be traded on major DEXs like Uniswap, Curve, 0x/1inch and have them discoverable through aggregator dashboards, (DeFiLlama etc).”
#ZEPH is currently under the radar, soon it will be discoverable on
#Ethereum via
@Uniswap @CurveFinance @1inch and
@DefiLlama.
Will this really push the price of
$zeph up?
V1 (Simple): Direct Web3 swaps between ETH and ERC-20 tokens.
- Swapping requires liquidity pools which can cause significant price discovery.
V2 (Native Coin Buys): Flow: USDT → wZSD → wZEPH → ZEPH. Swap-and-burn router functionality allows users to enter a Zephyr destination address at the swap stage.
-Eventually the team will design it so you can use USDT to purchase
$ZEPH, which will show up immediately in your wallet (with a 20-minute lock up period of course). It’s not
$wZEPH, it’s the native
$ZEPH which is untraceable!
Displays wallet balances, wrapped supply in circulation, and full bridge ledger.
-You will be able to see how many wallets hold
$wZEPH, there would be a
$wZEPH RICH LIST, and a ledger of wrap and burn activity. Keeping an eye on the
$wZEPH circulating supply will build trust and confidence.
Things to consider:
The
$ZYS variable APY goes higher when ZEPH price increases. If there is demand for
$wZYS, the
#devs can build in a small fee (when swapping to
$wZYS on
#ethereum) that auto-purchases ZEPH on exchanges and locks it into the ZEPHYR Reserve.
This would robustly back
$ZSD by adding more
$ZEPH to the reserve, and increase the
$ZYS APY, bringing more eyes to ZYS and causing more people to purchase
$wZYS in their favorite
#DeFi Wallet, pushing
$ZEPH price even higher.
You don’t realize how big this is…
$ZEPH is under 10 Million MCAP and going to 1 Billion MCAP.
It might be a good idea to buy a few before the
#EVM Bridge is launched.