About the current situation…
Inflationary tokens are notoriously bad during bears. Most reward tokens are suffering in these trying times. Several projects that we’ve been in partnership dealings with have begun to ‘circle the wagons’, biding time before they fill their staking pools. Other new projects have failed to launch entirely. The general market sentiment is just overall lacking in volume.
— but not CZUSD…
Since returning to peg on 2/2/2022, they’ve grinded the treasury assets up from nothing to over $600,000 (this is how you flex stablecoin amidst a bear)
- $90k Stargate+EMP on AutoFarm
- $84k in MahaDAO
- $40k in JADE
- $30k in CZF LP
- $20k in belt
- $18k in EPX
- $10k in vintage USA silver dollars
Not to mention the ~$344,000 in locked liquidity thanks to the FairTribe division.
After accomplishing their initial goal of $20,000 CZF burned, they are poised to transition towards the next stages of CZodiac the Global DeFi Bank.
They are halting the $400/day buyback & burn, but wait, you want to know why?
They are going to reward the CZF holders with not just one… but TWO high-yield staking pools. Stake $CZF, earn $CZUSD… FOR THREE MONTHS!!
CZodiac is a DeFi, NFT, and gaming platform started on BSC. It uses a multidex LP farming system allowing users to earn inflationary CZFarm (CZF) by depositing LP. CZodiac also offers anti-dump vaults where users can earn CZF by locking assets into other farming platforms. Users can stake their CZF into pools to earn tokens from partners and anti-dump vault harvests. CZF can also be locked as debt to back CZUSD, CZodiac’s stablecoin. In addition to overcollateralized debt, CZUSD also maintains its peg through economically neutral algorithmic rebalancing.