Zephyr Capital is a DeFi protocol focused on transforming web3 liquidity. Its primary offering is Solis, a type of flatcoin that provides a dependable medium of exchange for the Web3 economy. The protocol and its coin are built on Radix DLT (Distributed Ledger Technology), taking advantage of its scalability, security, and efficiency.
Products
Solis Flatcoin
Solis is an overcollateralized flatcoin that is designed to maintain its value against inflation, thereby protecting its holders' purchasing power.
The flatcoin has several distinctive features that distinguish it from typical stablecoins. Unlike stablecoins that are pegged to fiat currencies and therefore subject to inflation, Solis maintains a stable value relative to inflation by aligning its price with the worth of a basket of goods and adjusting it regularly to counter inflation. This allows Solis to maintain, or even increase, its value even as the purchasing power of fiat currencies like the US dollar declines due to inflation.
Solis uses a transparent and independent inflation index called Truflation to accurately measure the true inflation rate. Truflation, a blockchain platform, updates daily by aggregating data from over 10 million data points and more than 30 reputable sources, offering a more accurate and timely measurement of inflation than traditional indexes like the Consumer Price Index (CPI).
Solis follows an overcollateralization model, wherein the amount of cryptocurrency held as collateral surpasses the quantity of Solis in circulation.
Financial Services
Zephyr Capital offers a range of financial services tied to the Solis flatcoin. Users can borrow Solis with a small one-time fee instead of facing highly variable interest rates, making it an attractive option for those in need of a stable and predictable lending platform.
The platform also boasts a low collateral ratio, thanks to the efficient liquidation mechanism of Solis. This allows users to get the most liquidity for their $XRD (the native token of the Radix DLT).
Liquidity-as-a-Service (LaaS) Solution
A fusion of the Fixed Maturity Lending and Borrowing Protocol with the Bonding Protocol. This solution aims to serve Decentralized Autonomous Organizations (DAOs) and Liquidity Providers (LPs), offering superior DeFi liquidity.
Concept of "Liquidity is bandwidth"
The analogy likens the data flow of the internet to the value flow in decentralized finance. With fragmented liquidity in DeFi resembling the internet's dial-up phase, Zephyr Capital aspires to serve as the Decentralized Investment Bank, bridging capital suppliers with users and providing a holistic solution to liquidity challenges.
Initial Validator Offering (IVO)
Zephyr Capital introduced a unique fundraising mechanism, the IVO, allowing supporters to back the project by staking their $XRD on Zephyr's validator. In return, they receive Zephyr Capital's tokens ($ZEC). This model provides various benefits, such as community engagement, risk mitigation, and equitable token distribution.
Roadmap
- October 2023: Initial Validator Offering on Radix public ledger.
- November 2023: Alpha Release of Zephyr Capital and Solis on RCNet.
- December 2023: Beta Release, inclusive of Zephyr Capital DAO and a website revamp.
- January 2024: Mainnet launch on Babylon network with Solis V0.5 and Zephyr Capital DAO.
- Q1 2024: Launch of Solis V1.
- Q2 2024: Introduction of Zephyr Capital Bonds.
- Q3 2024: Release of the Fixed Maturity Lending and Borrowing Protocol.