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.
