Zebec Protocol (ZBC): Money Streaming Services on Solana
Zebec Protocol introduces continuous settlement, money streaming, and DeFi products empowered by the strengths of the Solana network.
Updated November 16, 2023 • 3 min read
Zebec Protocol is a Solana-based platform designed to enable real-time continuous money streams for different types of financial transactions including payments, payroll, and investments. The platform allows payroll to be paid out in numerous stablecoins including USD coin (USDC). Additionally, Zebec offers automated dollar-cost averaging (DCA), crypto IRA and 401(k) accounts, yield farming, multi-signature vault treasury management, and in-house fiat on- and off-ramp services.
Introducing Zebec Protocol
Typically, traditional payment systems can be costly, susceptible to slow processing times, and lacking in satisfactory levels of security and privacy. Much of the legacy financial infrastructure is heavily centralized and contains profit-seeking intermediaries that can sometimes hinder optimal product development and utilization. Blockchain and crypto-based solutions seek to address these challenges, and Zebec Protocol — a continuous settlement and decentralized finance (DeFi) platform — has emerged as a standout approach on the Solana blockchain.
Zebec is built to reimagine payroll systems, investments, and payments with up-to-the-second, seamless, low-fee money streaming services that continuously settle transactions with minimal lag. For example, instead of receiving a paycheck every two weeks through the traditional financial system, you can get the money in smaller increments as you go (daily, hourly, or even more frequently) using money streaming technology. Zebec recently launched its flagship offering, Zebec Payroll, which offers yield farming, automated dollar-cost averaging (DCA), crypto IRA and 401(k) accounts, as well as free fiat on-ramp and off-ramp services.
Zebec Protocol offers on-chain payroll processing that’s designed with tax compliance in mind, and where employees can be paid instantly in stablecoins like USD coin (USDC) and use their money immediately. Within a greater context, the Zebec crypto platform allows its clients to:
Implement a trustless and autonomous payroll system
Increase liquidity for senders and receivers of funds
Mitigate payment disputes and other issues
Foster new forms of value creation and investment
Increase efficiency, privacy, and security
Zebec Protocol enables a spectrum of value transfer products that span payroll, investment, and payment streaming via customizable, easy-to-use, real-time payment streaming service that send and receive funds with a continual efficiency. These services include:
Automated dollar-cost averaging: Zebec offers its customers dollar-cost averaging with the help of Chainlink-specific price feeds. The service can be set to automatically convert a percentage of a user’s paycheck into different crypto assets.
Investments & yield farming: The Zebec crypto platform allows users to automatically leverage yield farming and different investment types through specialized smart contract technology.
Crypto IRA & 401(k) accounts: Zebec Payroll allows its users to allocate a portion of their paycheck into IRAs or 401(k)s that fulfill various compliance requirements.
Feeless fiat on-ramp & off-ramp: Users are able to swap their crypto into USD, giving them the ability to send funds to their bank account in a feeless and instant manner.
Apart from Zebec Payroll, the Zebec platform leverages several distinct products and services including Zebec Safe — its multi-signature wallet and vault treasury management system. Zebec Safe allows users to manage their crypto treasury and stream funds with the ability to pause, cancel, and resume money streaming crypto payments nearly instantly. Zebec Safe is also fully customizable for different types of workflows and can enable treasury management for all Solana-based projects using its SPL token standard. Zebec Safe’s multi-signature technology can provide value across blockchain governance, decentralized autonomous organizations (DAOs) and token incentives in the Solana ecosystem.
The Zebec Token: ZBC
The Zebec Protocol makes use of the ZBC governance and utility token to fulfill various purposes including staking, developer incentivization, token burning, protocol revenue generation, and platform governance. To bring about different types of payment streams and DeFi services, the platform allows developers to integrate three main software development kits (SDKs) into their decentralized applications (dApps) and new iterations. Zebec also allows its users to seamlessly convert their stablecoins into fiat currency via their custom metal debit card.
As a continuous settlement payment protocol built on Solana, Zebec is working to transform payroll, investment, and payment systems in a tax-compliant, feeless, and high-security manner. The Zebec crypto platform is upgradable, customizable for specific user needs, and designed to operate in a decentralized, low-cost, and efficient manner. Its ability to integrate various DeFi services into streamlined payment and payroll processing services makes it among the first of its kind to cross the bridge between legacy and decentralized financial systems.
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