Protocol
The Zeebu Protocol is a groundbreaking blockchain-based system designed to streamline and optimize telecom settlements. It leverages cutting-edge technology to address long standing industry inefficiencies, creating a more transparent, efficient, and trustworthy ecosystem for all participants.
At its core, the Zeebu Protocol facilitates near-instantaneous, low-cost settlements between telecom carriers, eliminating the need for traditional, time-consuming processes. By utilizing smart contracts and a native token (ZBU), the protocol automates many aspects of the settlement process, reducing fees, errors and decreasing settlement times.
Key Components of the Zeebu Protocol
Telecom companies are the primary users of the Zeebu PSP (Payment Service Provider). This role can be divided into two segments: merchants and customers (clients). Both segments benefit from Zeebu’s reduced settlement times and lower costs.
When merchants and clients anticipate international travel from anyone on their respective networks, each network must pre-pay for the expected usage of minutes, SMS, and data in foreign countries. This prepayment industry is valued at $120 billion, with 4-5% transaction fees on traditional payment rails on each international prepayment for expected SMS, data, and minute usage.
This is where the magic comes in. Zeebu has disrupted these traditional payment rails by offering much lower settlement times and lower fees. Each party (merchant and client) pays Zeebu a 1% fee, totaling a 2% fee on the processed volume through the network, saving millions in fees each year.
For More information on PSPs / Companies - Click Here
On-Chain Clearing Houses
On-chain clearing houses play a crucial role in maintaining the integrity and increasing the capacity of the Zeebu network. They are responsible for verifying transactions executed using Zeebu's smart contracts. On-chain clearing houses run nodes on the Zeebu network, where delegators (stakers) lock-up ZBU tokens for increased settlement capacity, increasing the Zeebu protocol to handle larger and more transactions from telecom companies, further rewarding Zeebu and the community On-chain clearing houses, delegators and governance council.
For this service, On-chain clearing houses are rewarded a share of 0.6% (30%) of the 2% fee taken from telecom companies by Zeebu. Since this reward comes from the transaction fees taken from telecom company transactions, rewards are paid out in stablecoins, not Zeebu tokens, creating an emission-less network.
For More information on On-chain clearing houses - Click Here
OLPs are essential for ensuring the smooth operation of the Zeebu Protocol. They provide liquidity to the system, enabling settlements and currency conversions. OLPs stake their assets in liquidity pools and earn rewards based on the volume of transactions they facilitate, creating a win-win situation for both the protocol and the liquidity providers.
For this service, OLPs earn a share of 0.4% (20%) of the 2% fee taken from telecom companies by Zeebu. Since this reward comes from the transaction fees taken from telecom company transactions, rewards are paid out in stablecoins, not Zeebu tokens, creating an emission-less network.
For more information on OLPs - Click Here
Delegators are ZBU token stakers who contribute to the network's settlement capacity and decentralization without running On-chain clearing houses themselves. They "delegate" their tokens to On-chain clearing houses of their choice, sharing in the rewards earned by those On-chain clearing houses. This role allows broader participation in the network's governance and economic model.
For more information on OLPs - Click Here
Reward Zones
Pre-Live Nodes: Delegators are rewarded with a base APY of 25% for actively participating in deleaging their ZBU to any node that is in the Pre-Live State (Before reaching 200k ZBU Delegated / Staked), paid out entirely in stablecoins.
Live Node: Delegators who actively delegate their ZBU tokens to a live node are rewarded with the APY that On-chain clearing houses issue to their delegators, which is entirely in stablecoins.
Since this reward comes from the transaction fees taken from telecom company transactions, rewards are paid out in stablecoins, not Zeebu tokens, creating an emission-less network.
The Zeebu Protocol incorporates a decentralized governance model, allowing stakeholders to have a say in the protocol's future development and upgrades. Token holders can delegate their voting power to On-chain clearing houses, offering a mechanism for them to vote for changes to the protocol. This configuration ensures that the system evolves in line with the needs of its users and the broader telecom industry.
Last updated
