🇿🇦LZAR

Key information about the L ZAR stablecoin

What is LZAR

LZAR is a 1:1 South African Rand–pegged stablecoin built on Lisk, designed to power fast, low-cost on-chain transactions and deliver automated yield paid out weekly.

The primary purpose of the coin is to offer automated yield to holders with secondary purposes allowing users to spend.

Key Highlights

Peg & Backing

Fully collateralized 1 ZAR → 1 LZAR by a blend of:

  • ZAR fiat held in regulated South African bank accounts

  • USD stablecoins (USDC/USDT) deployed into private-credit strategies, hedged back into ZAR for true local exposure

Automated Yield

  • Target APR: 8–10% (set and paid on-chain weekly)

  • No staking or lock-ups required — users just hold LZAR in their wallet

  • Rates subject to change each week based on reserve performance and local benchmarks

Near-Instant Liquidity

  • Zero lock-up period — redeem or spend your LZAR at any time

  • Withdrawal turnaround: ≤ 24 hours

Primary use cases

1

Yield

Users can earn competitive rates vs. local banks.

The highest available South African short term deposit rate is 7.65% which we aim to beat.
2

Payments

Pay merchants or peers instantly in ZAR

3

Remittance

Users can swap between LZAR and LUSD send value cross-border at minimal cost .

Under the hood

Reserve composition

  • ZAR Fiat held in regulated accounts in South African banks

  • USD Stablecoins (USDC/USDT) deployed into private-credit strategies

Together these reserves power both peg stability and the enhanced yield for LZAR holders.

Rate mechanic

Rates are refreshed weekly based on reserve performance and local benchmarks.

Interest is calculated on the user's wallet balance and distributed automatically via smart contract.

Chain and Transparency

Blockchain: Lisk

Explorer: View LZAR on Blockscout

All reserves, snapshots, and payouts are publicly verifiable on-chain.

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