Introducing ZARPY - real-time money market yield for the Rand

ZARPY is a yield-bearing companion to the ZARP Stablecoin. Approved partners can earn yield benchmarked to the Old Mutual Money Market Fund, for as long as their ZARP is staked; in months, or even minutes.

Inves Capital, issuer of the ZARP Stablecoin, is introducing a new yield-bearing digital token designed to change how institutions manage and earn returns on their rand-denominated liquidity.

ZARPY enables approved institutional partners to earn yield on their ZARP balances for precisely the time they are staked, with continuous accrual and the ability to unstake without a minimum holding period.

With yield benchmarked to the Old Mutual Money Market Fund, ZARPY brings together established money market returns and the speed, flexibility and programmability of blockchain-based money.

Short-term Rand has always been left out

Money market funds are where South African institutions keep cash they want safe, kept liquid, and earning yield. Subscriptions and redemptions run on business-day cut-offs and settlement cycles. Even newer digital alternatives usually count yield from a single daily snapshot. Rand that is needed again this afternoon, or that sits between trades overnight, usually earns little or nothing.

ZARPY changes that.

Now, for the first time, Rand value can be put to work in a real-time yield engine. Stake in the morning, unstake in the afternoon, with yield. Automate and streamline your capital deployment. Only possible with ZARP Stablecoin, and ZARPY.

How ZARPY works

• Stake ZARP, receive ZARPY. An approved partner stakes ZARP into the ZARPY smart contract and receives ZARPY one-for-one. There is no minimum amount.
• Yield accrues continuously. From the moment ZARP is staked, ZARPY accrues yield in real time. Inves Capital sets the rate, using the Old Mutual Money Market Fund’s published rate as the benchmark, less a service fee. Stake for an hour and you earn an hour’s yield at that day’s rate.
• Unstake whenever you like. Return ZARPY at any time, 24/7, 365 days a year, and get your ZARP back one-for-one, on-chain, immediately. There is no lock-up and no fixed term.
• Claim on your schedule. The yield you have earned is recorded for you automatically and is never forfeited. You claim it as additional ZARPY whenever it suits you, and claimed ZARPY earns yield too, so you can compound as often as you like.

Why this is new

Rand-denominated yield is not new. What ZARPY adds is time. Yield accrues second by second, 24 hours a day, 365 days a year, including weekends and public holidays, not at an end-of-day snapshot or on a fund’s settlement cycle. There are no minimums and no fixed terms. Idle capital starts earning immediately, and yield can be claimed or compounded at any time.

Built for institutions

ZARPY is a permissioned product for institutions, not a retail or open DeFi product. It is available only to ZARP Partners that Inves Capital has verified and separately approved for ZARPY. Approved partners may stake ZARP however they acquired it.

Designed with safeguards

• One ZARP for every ZARPY. Staked ZARP is held in the ZARPY smart contract, and every ZARPY can be unstaked for one ZARP. ZARP itself is backed by reserves managed by Old Mutual Wealth.
• Yield capped by real returns. The smart contract can create yield only up to the returns Inves Capital’s reserves have actually earned, as confirmed by independent attestation.
• Independently checked. Reserves are attested independently, and smart contracts are audited before being deployed.

What happens next

ZARPY is in a live pilot with approved partners. ZARP Partners who want to take part or explore the many opportunities provided by ZARPY should contact us at hello@zarpstablecoin.com. Not yet a partner? Start with a partner application.