New $zUSD Vault
In collaboration with Zerogoki, Harvest deploys a new zUSD-wETH Vault
We are kicking off this week with the launch of a new vault in collaboration with Zerogoki.
We are introducing Uniswap V3: zUSD-ETH — a vault for Farmers willing to capitalize on the rising star among algorithmic stablecoins.
First, what’s zUSD?
zUSD is an algorithmic stablecoin used for trading against zAssets — synthetic products of Zerogoki.
The recently conducted ranking of algorithmic stablecoins reveals that zUSD is the 4th largest one in terms of liquidity on Uniswap, not too far off $LUSD and $UST.
What to expect from the vault?
Farmers who deploy their assets into Uniswap V3: zUSD-ETH Vault get to enjoy the following benefits:
- Uniswap trading fees
- iFARM rewards
- A share of up to $200k monthly in zUSD incentives by Zerogoki (Coming soon to the vault with an extra reminder on Twitter)
As Harvest constantly explores new farming opportunities, we see the zUSD vault as the cutting-edge addition to our menu that benefits both ecosystems.
Tech details of the vault
Asset: Uniswap V3: zUSD-ETH
zUSD price info:
Min price: 0.000052 ETH per zUSD
Max price: 0.00028 ETH per zUSD
ETH price info:
Min price: 1896.2 zUSD per ETH
Max price: 3496.8 ETH per zUSD
What is Zerogoki?
Zerogoki is a leveraged token trading platform deployed on Ethereum and based on an algorithmic pegging mechanism, which can provide users with leverage tools for traditional assets such as foreign exchange, gold, and bonds. Users can use the platform token REI to cast leverage tokens or use the protocol’s synthetic dollar-zUSD to buy leverage assets directly.
Zerogoki is the pilot experimental protocol from Duet Protocol
About Harvest Finance
Harvest is an asset management platform that maximizes yield for assets deposited by users. Harvest reduces gas costs and develops cutting-edge strategies to become the stop-shop of yield farming in DeFi.
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information may be accurate. Consult a financial professional before making any financial decisions.