Zyro (ZYRO)

Zyro (ZYRO) is a protocol for automated liquidity on the Zilliqa blockchain. It aims to provide a decentralized way to trade ZRC@ tokens without trusting centralized exchanges. Instead of using an order book, Zyro utilizes pools and smart contracts to ensure arbitrary trading is fully controlled and irreversible. This approach enables automated market making and reduces the risk of scams by implementing whitelisted trading pairs.

What sets Zyro.finance apart is its focus on lowering the barriers to entry and incentivizing participants. The platform is mobile-friendly, making it more accessible to users and offering rewards to liquidity providers and traders. By building on the Zilliqa blockchain, Zyro leverages its high-performance infrastructure, which increases transaction per second (TPS) through sharding and reduces costs by utilizing a Proof of Work and Practical Byzantine Fault Tolerance (POW+PBFT) consensus mechanism.

The Zyro token (ZYRO) is the governance token of Zyro.finance. Holders of ZYRO can participate in voting on community proposals. The token can be obtained through various means, such as providing liquidity to ZSwap, trading on ZSwap, promoting the platform, or simply holding ZYRO. Zyro.finance has an ambitious roadmap that includes the launch of Zyro wallet and ZSwap V1 in Q4 2020, followed by the release of ZSwap V2 with APIs and yield farming in Q1 2021. Furthermore, they plan to integrate native stablecoins such as BUSDT/XSGD and enable cross-chain assets like zBTC, zETH, and zUSDT in Q2 2021. Finally, in Q3 2021, a DAO will be created, and Zyro Improvement Proposal will be accepted.