Introducing zETH: Revolutionizing ETH Yield & Hold

Zunami Protocol
2 min readJun 21, 2023



With $zETH, users can expect a new level of optimization, stability, liquidity, and profitability. This innovative product offers aggregated ETH, providing an optimized experience for ETH holders.

$zETH is the ultimate ETH pegged stablecoin that leverages the omnipool as collateral, delivering an array of unparalleled advantages:

  • $zETH, a rebase token, thrives on the ETH omnipool’s APY
  • Minted using LP tokens from ETH Omnipool
  • Backed by ETH pools on Curve Finance
  • Easily redeemable with ETH/frxETH/wETH, offering protection against depegging risks


Brace yourselves for the powerful ETH omnipool, fueled by its strategies:

  • stETH/frxETH + Convex Frax Booster
  • alETH/frxETH + Convex Frax Booster
  • sETH/frxETH + Convex Frax Booster

The ETH omnipool optimizes yield through:

  • Harvesting rewards
  • Rebalancing between pools
  • Reinvestment

Thus, provides native APY in ETH without the need for an emission system token.


$zETH is a rebasing token that increases user balances without requiring any staking. But! Just like UZD, zETH is a pool-aware token, enabling the diversion of rewards from zETH collateral held in pools for bribes and locks.

The pool-aware mechanism harnesses the Curve flywheel, unlocking an astonishing 1.2–1.4x boost in yield from collateral utilization. As the pool expands, more rewards flow into the bribes. Hence, bribes fuel themselves and ensure a constant injection of growth fuel for the pool.

With this revolutionary architecture, concerns about stop incentivization or yield reductions are mitigated. By design, zETH is engineered to dominate the yield charts, streamlining the liquidity provider’s mission.


ETH Omnipool & zETH have successfully undergone a meticulous audit by the esteemed industry leader HashEx.

To delve deeper, visit:


Contract: 0xe47f1CD2A37c6FE69e3501AE45ECA263c5A87b2b

Curve Pool: