🪙Zero-Coupon Bond Tokenization
Enhancing Liquidity and Composability
Last updated
Enhancing Liquidity and Composability
Last updated
Our protocol allows Zero Coupon Bonds (Lending positions) to be tokenized as ERC20 standard tokens, which is called ZCToken, and withdrawn from the platform.
The tokenization flows are the following.
For token withdrawal:
For token deposit
Each ZC token has a maturity, but if the maturity is 0, it becomes a ZC perpetual token. Generally ZC tokens are minted from FutureValueVault but ZC perpetual tokens are minted from GenesisValueVault. Please check the Genesis Value page for the reference.
Those token names and symbols are defined as follows: (example as March2024 expire)
ETH
ZC ETH MAR2024
zcETH-2024-03
ZC ETH
zcETH
WBTC
ZC WBTC MAR2024
zcWBTC-2024-03
ZC WBTC
zcWBTC
USDC
ZC USDC MAR2024
zcUSDC-2024-03
ZC USDC
zcUSDC
axlFIL
ZC axlFIL MAR2024
zcaxlFIL-2024-03
ZC axlFIL
zcaxlFIL
Metamask Symbol Name Convention with max 11 chars:(example as March2024 expire)
ETH
ZC ETH MAR2024
zcETH24M
WBTC
ZC WBTC MAR2024
zcWBTC24M
USDC
ZC USDC MAR2024
zcUSDC24M
axlFIL
ZC axlFIL MAR2024
zcxFIL24M
FIL
ZC FIL MAR2024
zcFIL24M
MAR = M; JUN = J; SEP = S; DEC = D
