Ctez CTEZ
1. Summary
- Description
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Ctez is a synthetic version of the Tezos (XTZ) cryptocurrency. It is designed to have the same value as XTZ, providing better composability as an alternative to the virtual baker. Ctez allows users to utilize it directly in smart contracts that typically pool XTZ together, eliminating the need to consider who is responsible for baking.
Ctez is a synthetic version of the Tezos (XTZ) cryptocurrency. It is designed to have the same value as XTZ, providing better composability as an alternative to the virtual baker. Ctez allows users to utilize it directly in smart contracts that typically pool XTZ together, eliminating the need to consider who is responsible for baking.
Ctez is collateralized by XTZ and aims to provide a simpler system for users, especially those involved in Tezos DeFi and delegation. This allows users to delegate their XTZ while still using it for other purposes like DeFi applications. The system ensures that vaults cannot issue ctez without having sufficient XTZ collateral, maintaining the integrity of the process.
The Ctez system involves several components, including vaults, a constant product market making (CPMM) contract, and a mechanism for adjusting the drift formula. The drift formula is used to maintain the peg between ctez and XTZ. The system works mechanically with no governance involved, ensuring that users can trust its straightforward operation.
Key Features
- Synthetic Version of XTZ: ctez has the same value as XTZ.
- Improved Composability: ctez can be used directly in smart contracts.
- Collateralized by XTZ: ctez is backed by XTZ, ensuring its value stability.
- Delegation Enabled: Users can delegate their XTZ while still using it for DeFi applications.
- Mechanical System: No governance is involved, and the system is straightforward and transparent.
- Adjustable Drift Formula: Maintains the peg between ctez and XTZ.
| Price | |
| 52W High price | $1.79 |
| 52W High date | 12th Mar 2024 (8 months ago) |
| All Time High (ATH) Date | 13th Mar 2024 (8 months ago) |
| ATH Price | $1.80 |
| % From ATH | -46.76% |
| All Time Low (ATL) Date | 18th Oct 2023 (1 year ago) |
| ATL Price | $0.71 |
| % From ATL | 35.45% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $15,702.00 |
CTEZ
How does Ctez's (CTEZ) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
4.9%
CTEZ
26.2%
Similar Market Cap
60 Day Return
-15.2%
CTEZ
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Similar Market Cap
1 Year Return
0.5%
CTEZ
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Similar Market Cap
We're monitoring 35 Ctez GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Ctez Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 111
Most Active Repos
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Top Developers 2024
In total, 37 developers have contributed to Ctez over the past year. Who are the most active Ctez developers, by commits, over the past year?
Related Projects
Developers working on Ctez also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
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No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://ctez.app/ |
|---|---|
| Explorer | https://tzkt.io/KT1SjXiUX63QvdNMcM2m492f7kuf8JxXRL... |
What is the correct contract address for Ctez?
| Tezos | KT1SjXiUX63QvdNMcM2m492f7kuf8JxXRLp4 |
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Has Ctez been audited for security?
No security audits found for this project.
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