What is $ZEN
$ZEN is the liquid restaking token representing a user’s restaked position at Zentura. Users can deposit native ETH or LSTs and receive $ZEN.
Rewards
$ZEN is a reward bearing token;
The underlying restaking positions earn rewards which are reflected in the price of $ZEN;
Rewards are expected in ETH, USDC and Actively Validated Services (AVSs) reward tokens;
This means the value $ZEN increase relative to the underlying LSTs as it earns more rewards in AVS tokens;
To mint $ZEN, simply go to the Zentura protocol and stake your ETH or LSTs.
Withdrawals
Depending on the restaking strategies deployed, unstaking will take a minimum of 7 days, primarily due to EigenLayer unstaking requirements, but will vary depending on each AVS;
If the deposits and withdrawals are balanced, the rewards are equally distributed regardless of the asset being withdrawn;
If the deposits and withdrawals are unbalanced, while the principal will be withdrawn in whole the rewards are different for each asset incentivizing the balance based on the jump rate model.
Transfers
Please note, $ZEN withdrawals are not enabled. You are encouraged to supply liquidity or sell $ZEN on Balancer, that offers a superior mechanism to convert $ZEN into ETH for most cases. Visit the $ZEN/WETH Balancer Pool.
Fees
Zentura passes 100% of any EigenLayer rewards;
The fees will be split between protocol reserves (treasury) and Zentura node operators.
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