Zero Protocol is a non-cusdotial fully decentralised borrowing protocol. The Protocol allows you to mint USDZ against the largest crypto collateral assets.

USDZ is a stablecoin with a peg to $1 USD. USDZ is fully collateralised by crypto collateral assets.

Users directly interact with Zero Protocol using their self-hosted wallets such as MetaMask or others.

Open a vault by depositing crypto collateral such as ETH, stETH or others and mint USDZ against it.

USDZ is an ERC20 token and can be integrated across the majority of off and on-chain applications. For example users can buy ETH on Uniswap using USDZ.

The Stability Pool is a pre-arranged pool of capital to facilitated loan liquidations in volatile markets. Depositors in the Stability Pool earn the excess collateral in defaulted loans in addition to a token incentive. The Stability Pool ensures that the aggregate collateralization of the Protocol remains healthy.

The full documentation of how Zero Protocol works can be found here (link to Docs).