Zest Protocol Launch

June 18 – launch delayed to June 19.

New synthetic token launch (Fantasm fork) on Fantom.

❌ No contracts.

DETAILS

• Minting and redeeming will be enabled at this time
• Max supply: 50,000,000 ZSP
  • 74.5% ZSP to staking pools
  • 7.5% ZSP to dev wallet with 2 years vesting & 4 weeks cliff
  • 5% ZSP to ZEST DAO with 2 years vesting with 4 week cliff
  • 8% ZSP to Treasury with 1 year vesting
  • 5% ZSP for airdrops
• Each minting and redeeming of synthetic assets like FTMz on Zest incurs a 0.30% and 0.50% fee, respectively
• Farmed ZSP have 8 weeks vesting period
• Stakers also earn 50% of the penalty fee from ZSP/FTM and stable pool farmers who claim early
• FTMz is the fractional algo synthetic token, pegged to the price of FTM
• ZSP is the farming / utility token

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