Zeebu, the blockchain-powered telecom settlement platform that has settled over $4.5 billion USD in B2B transactions and generated $82 million USD in 15 months, announced the official launch of the ZBU Protocol. The decentralized liquidity engine for decentralized finance (DeFi), ZBU Protocol is set to onboard more than 45,000 waitlisted users.
Launched in 2023, Zeebu stands as a beacon of transformative change by modernizing the legacy payment rails in telecoms and building trust in blockchain for the $120 billion telecoms prepayment market. With the launch of ZBU Protocol, Zeebu is implementing a comprehensive architectural overhaul, aimed at establishing a significantly more decentralized, distributed, and liquidity-optimized payment infrastructure. This includes revamping the industry payment rail standard of 4-5% transaction fees, instead charging 2% while decreasing settlement times, thus facilitating telecom giants moving to retail.
With over 135 merchants onboard, high Web2 B2B adoption has enabled Zeebu to distribute stablecoin rewards according to invoices and settlements from telecom B2B transactions, ensuring that every person who delegates or runs a node receives stablecoins, not emissions.
Raj Brahmbhatt, CEO and Founder of Zeebu, said: “Zeebu is taking an 35-year old industry and bringing it into the 21st century. With ZBU Protocol, what Zeebu is earning, Zeebu is distributing. This is a novel mechanism whereby ZBU Protocol leverages Zeebu’s existing revenue streams to empower stakeholders with substantial Annual Percentage Yields (APY) through Protocol Rewards. We wanted to create a protocol that ensures liquidity optimization and robust decentralized settlement processes while rewarding our community for their contributions.
“Our vision for Zeebu is simple – to build an accessible, decentralized, and global payment ecosystem for businesses. We’ve been working tirelessly over the last year to make that vision a reality and the launch of the ZBU Protocol is a milestone moment on our journey to achieving that goal. We want to be the largest liquidity protocol for B2B settlements and the coming months will see us focus our energy on expanding our network and further bridging the gap between traditional finance and DeFi.”
The ZBU Protocol introduces key features such as a staking vault and a specialized liquidity pool, promoting an efficient and equitable distribution of rewards across its participants. The staking vault enables users to stake their ZBU tokens for varying durations, earning VeZBU tokens (vote-escrowed ZBU) in return which are proportional to the amount staked and the duration. These VeZBU tokens significantly enhance a user’s influence on the platform and enable participation in settlement cycles through delegation, engagement in upcoming governance, and the opportunity to earn rewards for their contributions.
Designed to accommodate a high volume of transactions without compromising on speed or security, ZBU Protocol is adapting to the needs of both small and large-scale DeFi projects – ensuring that sufficient liquidity is always available for settlement processes. The ZBU Protocol liquidity layer pairs ZBU with stable tokens, where contributors to this pool are issued liquidity providers (LP) tokens, which represent their share of the pool. These LP tokens can be locked for predetermined periods, during which the holders are eligible for rewards derived from the pool’s utilization in B2B settlement cycles. Zeebu utilizes a unique combination of participant roles to ensure the facilitation of efficient, secure, and scalable settlements, such as:
- Delegators: Users who stake ZBU tokens, receive VeZBU in return, which empowers them to participate in the ecosystem and earn rewards.
- Deployers: Critical infrastructure participants who, upon staking ZBU, can deploy smart contracts for settlements, leveraging their VeZBU holdings to manage larger transactions and earn fees.
- On-Demand Liquidity Providers (OLPs): Liquidity providers who balance asset pools, ensuring sufficient liquidity to support ongoing transactions and earning a percentage of the transaction fees.
For more information, visit zeebu.com.