Juiced Introduces its Native Utility Token, $ZEST

Published on: 14.04.2022

Juiced Protocol is a basis yield farm, built on Solana and Serum has introduced its very own token $ZEST!

Juiced is an interest-rate arbitrage pool that uses delta neutral positions to earn the best yields. Ever since their Alpha launch just over a month ago, they had been collecting essential data and received great feedback from their amazing community, all of which is allowing them to improve day after day, working to bring their users the best possible returns.

Native utility token, $ZEST

After the launch of their much-awaited V2, and as they pore over the data collected over the past month, it’s time to introduce their very own native token, $ZEST, its many use-cases, along with their new, updated UI.

Juiced’s native utility token, $ZEST, will be used as currency within its ecosystem. On the outside, it will seem like another regular native token, but its use case is quite unique.

Looking at what they had achieved over the past month, it is reasonable to believe that, in the foreseeable future, they will be able to open more sophisticated Cartons, which would offer users higher expected returns.

Here’s where $ZEST comes into play. Unlike any other protocol, $ZEST will be used to pay for the fees required to deposit your stablecoins into their advanced Cartons.

Juiced’s main focus will always remain on optimizing trading strategies, and most of the Cartons will be free of this $ZEST fee; only selected Cartons, require will a small entry fee, which will ensure the Carton isn’t immediately flooded by APY hunter/bots, and that these returns and Carton capacity is held for their core community. The $ZEST tokens collected via these entry fees will be used for treasury management purposes by the team.

These are the use-cases they have initially envisioned for $ZEST, but more utility will be added as they continue to expand and grow.