pzETH
Crypto Overview
Overview
pzETH is a liquid staking token on Ethereum representing staked ETH in the Zigzag DAO protocol. Users can stake their ETH through the protocol and receive pzETH in return, which can be freely traded or used in DeFi applications while earning staking rewards.
Purpose and Utility
The primary purpose of pzETH is to provide liquid staking capabilities for ETH holders. The token represents a claim on staked ETH plus accumulated rewards. Users maintain ownership of their staked ETH while gaining the ability to use the pzETH token in other DeFi applications.
Business Model
The protocol generates revenue through staking rewards from validating Ethereum transactions. A portion of staking rewards goes to the protocol treasury while the majority is distributed to pzETH holders. The core business model revolves around providing staking infrastructure and liquidity for ETH holders.
Development and Adoption
The project is relatively new with limited adoption compared to major liquid staking protocols. Development appears focused on security and infrastructure improvements rather than marketing. The protocol currently has active validators running on Ethereum.
Token Distribution
Token distribution information suggests the majority of tokens are held by stakers, with a portion allocated to the protocol treasury. There do not appear to be excessive allocations to founders or early investors that would raise concerns about enrichment schemes.
Crypto Impact
To assign a comfort level investing in pzETH from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to pzETH.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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You can change your vote if you change your mind.