Key Features

Zhenglong offers a comprehensive set of features designed to revolutionize synthetic asset trading:

Fully Backed Pegged Tokens

zheTOKENS are always 100% collateralized by yield-bearing assets and can be redeemed 1:1, providing stable value and integrated yield.

Re-balancing Leverage

steamedTOKENS give leveraged exposure without the risk of forced position closures or funding costs. Volatility is automatically managed by the protocol through shared, proportional re-balancing.

On-Chain Stability Pools

These replace external re-balancers. They absorb risk and rebalance the system when stress hits. Depositors earn the collateral's yield plus STEAM rewards.

Dynamic Fee Mechanics

Fees on minting and redemption adjust based on system health. They rise to discourage harmful actions and can even turn negative to reward helpful ones.

STEAM Token Governance & Rewards

The STEAM token is the heartbeat of governance and incentives. STEAM holders vote on protocol changes, share in revenues, and boost their rewards across the ecosystem.