Zest Synthetic Protocol ZSP Price $ 0.000054

Zest Protocol is a protocol of synthetic tokens allowing participants to speculate on the price of assets without actually owning the underlying asset. Every time a users mints or redeems any synthetic asset a 0.3% or 0.5% fee is paid (in the base asset, eg: FTM - further details), respectively. These fees are then distributed to users who have locked or staked their ZSP. We distribute fees manually, the Zest DAO has the ultimate authority to distribute fees.

Users can stake their ZSP to accrue passive income. Staked tokens can be un-staked at any time and are not subject to any penalty for withdrawal. Fees generated by Zest Protocol are allocated to users commensurate to their amount staked. Staking more ZSP will entitle you to receive more rewards.