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Reward ZFI (rZFI)

Info
rZFI CA on Base: 0x1c08C7df416062b472F553DCC1ed3045489520C5

Reward ZFI (rZFI) is a time-locked, non-transferable version of the ZFI token used to reward users who deposit assets into Zyfai Smart Wallets, powered by autonomous agents. It is designed to support Zyfai’s long-term growth by incentivizing Total Value Locked (TVL) across all supported networks. (Base and Sonic as of now)

This reward mechanism was approved by Zyfai Improvement Proposal, ZIP: TVL Incentive Program via rZFI and allocates 5% of the total ZFI supply (25,000,000 ZFI) to a programmable, claim-based system. It is inspired by the rEUL mechanism from Euler Finance but tailored to Zyfai’s agent-based architecture and multi-chain strategy.

How It Works​

Each rZFI token represents a future claim on ZFI with a specific unlock logic:

  • Non-transferable: rZFI cannot be traded or transferred between users.
  • Claim-based unlock:
    • 20% unlocks immediately upon claim.
    • 80% unlocks linearly over 6 months.
  • Early redemption penalty:
    • If a user redeems rZFI before full vesting, only the unlocked portion is received.
    • The remaining locked tokens are sent back to the Zyfai DAO multisig (removed from the program).

Each rZFI claim starts its own independent unlock schedule, making rZFI non-fungible despite its ERC-20 appearance.

Example​

Suppose Emma earns 1,000 rZFI after depositing into Zyfai Smart Wallets. She claims it to her wallet:

  • Immediate redemption: She can redeem 200 ZFI (20%) right away but she loses the remaining 80%.
  • Full vesting: If she waits the full 6-month period, she can redeem all 1,000 ZFI.
  • Partial redemption: At any time during the vesting, she can redeem the proportionally unlocked ZFI. For example, after 3 months, ~600 ZFI would be redeemable (20% upfront + 50% of the remaining 80%).

Earning rZFI​

rZFI is distributed through Merkl incentives, which reward users based on the total AUM across all Zyfai Smart Wallets, regardless of the network. Even though Phase 1 distribution occurs on Base, your TVL on other supported networks (e.g., Sonic...) is still counted.

Key Details:

  • Campaign Start: August 12
  • Phase 1:
    • 2,500,000 rZFI distributed over 2 months
    • ~41,667 rZFI/day
    • ~20% additional APR at current price/TVL
  • Claiming: rZFI can be claimed directly through the Zyfai Dashboard

Governance & Flexibility​

The rZFI reward program is managed by a Reward Committee operated by Ondefy Ltd, with full discretion to adjust parameters such as:

  • Unlock logic
  • Emission rates
  • Eligibility filters
  • Distribution cadence

Any major change in scope or allocation will require a new DAO vote.

Security​

The smart contracts for rZFI have been audited by independent experts. You can read the full audit here.

FAQ​

Can I swap rZFI?

No. rZFI is non-transferable and non-tradable. It represents a unique vesting schedule for each user claim.

What happens if I redeem early?

You receive only the currently unlocked portion. The remaining locked portion is sent back to the Zyfai DAO multisig.

Where do I claim and redeem rZFI?

On the Zyfai Dashboard, or directly via Merkl.

What if I participate on multiple chains?

Eligibility is calculated based on your total TVL across all supported networks, not just Base. The system is designed to be network-agnostic.