ZARP Stablecoin is migrating on Solana

TL;DR

• ZARP Stablecoin needed a new token contract on Solana to make it compatible with a wider set of DeFi protocols while enabling compliance actions in line with emerging regulations.
• A fresh Token-2022 contract has been deployed with address dngKhBQM3BGvsDHKhrLnjvRKfY5Q7gEnYGToj9Lk8rk
• ZARP tokens on the old token address can be exchanged for new tokens directly via ZARP Partners.

ZARP Stablecoin is migrating its token contract on Solana in line with best practices to be more compatible with leading DeFi protocols. Our team has worked with leaders in the Solana DeFi community to develope a state-of-the-art contract making use of Token-2022 standards.

We’re always pushing to give anyone who wants reliable rand exposure the smoothest possible on-chain experience while ensuring that one ZARP token always equals one Rand in value. Our move to a fresh Solana Token-2022 contract is the next step in that journey.

The new contract has already been whitelisted by Orca and is instantly recognisable by leading DEXs, lending markets, and yield protocols, so you’ll see ZARP pairs and pools rolling out much faster.

This also creates opportunities for anyone to provide ZARP liquidity on leading DeFi protocols and earn related fees and rewards.

As a true stablecoin adhering to global standards, and a proud member of the Stablecoin Standard authority, ZARP Stablecoin is multichain and natively available on the Base, Ethereum, Polygon, and Solana blockchains. Learn more in our documentation.

As always, the ZARP Stablecoin team is standing by to answer your questions or take your suggestions in our Discord or via email.