Zephyr is the first private stablecoin built on Monero technology — a unique four-asset ecosystem that gives you a USD-pegged dollar, real yield, and untraceable transactions out of one fully encrypted wallet.
Most stablecoins live on transparent ledgers where every transaction is searchable forever. Zephyr is different. Built as a fork of Monero, it inherits ring signatures, stealth addresses, and RingCT — so balances are private, addresses are unlinkable, and amounts are confidential by default. Then it adds something Monero never had: a stable dollar and a real yield.
Every transaction hides sender, receiver, and amount via Monero's RingCT + stealth addresses. No KYC. No surveillance. No "view-only" disclosure unless you choose to share your view key.
Zephyr forks the Monero codebase — over a decade of cryptographic research. The privacy isn't bolted on; it's how the chain was built.
Mining emissions are partially redirected to ZYS holders — the protocol pays you to participate. No black-box DeFi protocols, no rehypothecated collateral.
Most chains have one native coin. Zephyr's design balances four — each with a specific job — so the system can offer a stable dollar AND a yield asset AND privacy AND mining, all interlocking through an over-collateralized reserve.
The native coin. Mined via proof-of-work just like Monero. Acts as the system's collateral — ZSD and ZRS are minted by depositing ZEPH into the reserve. Fully private by default.
The first private stablecoin. Minted by burning ZEPH at the live oracle price. Pegged to USD, but transactions are invisible — balances and amounts are hidden by Monero-derived cryptography. Spend it like cash, on-chain.
The reserve coin. Holders absorb volatility on the upside and downside — when ZEPH price moves, ZRS rate moves with it. Backs the ZSD peg. Mintable up to the 800% collateralization cap.
Stake ZSD into the yield pool, receive ZYS. 5% of every block's mining emission gets converted to ZSD and distributed to ZYS holders — that's your real, on-chain APY. No external counterparty, no smart-contract risk.
Stake ZSD into the ZYS pool and start receiving a share of every block's mining emission. The yield comes from the protocol itself — not lending, not rehypothecation, not someone else's deposit. Withdraw anytime. Your balance, your privacy.
The official Zephyr Wallet runs locally — your seed never leaves your machine. Holds all four assets (ZEPH, ZSD, ZRS, ZYS) in one interface. Mints, converts, sends, receives, stakes for yield — all with the same one-time stealth-address privacy guarantees inherited from Monero.
Wallet seed is encrypted with your password before it ever touches disk. No "we'll store it for you" custodian — you hold the keys.
Mint ZSD, convert to ZRS, stake into ZYS, receive yield — all from a single wallet UI. No bridges, no L2s, no moving funds between protocols.
Forked from Monero's well-audited codebase, with the Zephyr-specific reserve and yield mechanics added in the open. Anyone can verify the cryptography.
ZephFlow is a community-built suite of live tools for the Zephyr ecosystem. Browse the chain, model yield scenarios, watch cross-exchange liquidity in real time.
Live blocks streaming in like a cosmic conveyor. Inspect oracle prices per block, reserve state, transactions.
explorer.zephflow.live →Model how minting ZYS reshapes APY, ZRS rate, ZEPH price impact. Live on-chain state, with what-if scenarios.
apy.zephflow.live →Real-time depth chart across MEXC, TradeOgre, and other ZEPH markets. See where liquidity actually lives.
liquidity.zephflow.live →