Introducing zkpUSD

zkpUSD v1 Litepaper

Zero-Knowledge Peer-to-Peer USD:
Private Fiat Ramps Meet Meme-Powered Stability

1. Introduction

zkpUSD is a USD-pegged stablecoin by REDACTED DAO, a memecoin-driven decentralized autonomous organization on Solana. Powered by zkP2P’s zero-knowledge proof technology zkP2P Docs, zkpUSD enables private minting and fiat redemption (USD, EUR, GBP, AUD, ARS, etc.) via Revolut, Wise, CashApp, Venmo, Zelle, and Mercado Pago. Integrated with $RDCTD, REDACTED DAO’s governance token, and paired with $REDACTED, a synthetic memecoin, zkpUSD uses FRAX-inspired Algorithmic Market Operations (AMOs) to manage liquidity pools and burns on Solana’s AMMs: Meteora, Raydium, and Orca. With AI-driven governance and meme-fueled energy from RedactedMemeFI, zkpUSD blends private fiat ramps, DeFi utility, and chaotic creativity.

2. Mission

To deliver a stablecoin with private fiat on/off-ramps, peer-to-peer accessibility, and memecoin-driven governance on Solana, empowering users to mint, redeem, and trade with stability while governing via $RDCTD.

3. Key Features

3.1 Stablecoin Peg

zkpUSD maintains a 1:1 USD peg, backed by REDACTED DAO’s public reserves (e.g., SOL, ETH, USDC, tokenized assets).
AMOs adjust collateral ratios (e.g., 80% stable assets, 20% $RDCTD) to ensure peg stability.

3.2 Private Fiat Ramps

zkP2P’s zero-knowledge proofs ensure privacy during minting and redemption, enabling users to onramp (mint zkpUSD) and offramp (convert to fiat) anonymously.
Platforms: Revolut, Wise, CashApp, Venmo, Zelle, Mercado Pago, targeting global markets (e.g., Argentina via ARS).

3.3 $RDCTD and $REDACTED Integration: Meme-DeFi Fusion

$RDCTD: Governance token (1T supply) for REDACTED DAO’s memecoin ecosystem, enabling voting via RealmsDAOs, collecting 4-6% fees from $REDACTED liquidity pools, and supporting Meteora’s Stake to Earn program with rewards from burnt $RDCTD/SOL liquidity. Distribution details pending.
$REDACTED: Synthetic memecoin (2.147B supply) for volatility farming in pools (e.g., $REDACTED/jupSOL, $REDACTED/$GIGA), generating fees for $RDCTD.
Locked Liquidity Pools:
- AMO-managed $RDCTD/$zkpUSD pools on Meteora (DLMM), Raydium (CLMM), and Orca (CLAMM), with locked LP tokens for stable trading.
- AMOs adjust liquidity (e.g., add/remove $RDCTD, USDC) to maintain zkpUSD’s peg, leveraging Meteora’s dynamic fees, Raydium’s OpenBook, and Orca’s Whirlpools.
Burn AMO:
- Users burn $RDCTD to mint $zkpUSD privately via zkP2P, reducing $RDCTD supply.
- AMO profits (e.g., DeFi yields, $REDACTED fees) fund periodic $RDCTD or LP token burns, boosting meme appeal.
Incentives: $RDCTD holders earn $zkpUSD rewards, AMO yields, or priority zkP2P ramp access.

3.4 DeFi and Ecosystem Integration

zkpUSD integrates with Solana DeFi (e.g., Kamino, Hawksight) for trading, lending, and farming.
Supports Jup.ag for swapping, Wormhole for multichain potential, and $REDACTED’s volatility farming pools for ecosystem synergy.
AMO yields from Meteora’s Dynamic Vaults, Raydium’s Fusion Pools, or Orca’s Whirlpools bolster reserves.

3.5 Solana Infrastructure

Built on Solana (50k TPS, <$0.01 fees). On-chain transactions are public; zkP2P provides privacy for minting/redemption.

4. $RDCTD/$zkpUSD Mechanism

The chart illustrates the $RDCTD/$zkpUSD mechanism on Solana’s AMMs, using FRAX-inspired AMOs. Privacy applies to minting/redemption via zkP2P:

+---------------------------------------------+
|      $RDCTD/$zkpUSD Mechanism (AMO)    |
+---------------------------------------------+
| Pool Flow (Locked Liquidity with AMO)       | Burn Flow (Burn AMO)                |
+---------------------------------------------|-------------------------------------+
| User Actions:                               | User Actions:                       |
| [1. Hold $RDCTD & $zkpUSD]                  | [1. Hold $RDCTD]                   |
|       ↓                                     |       ↓                             |
| [2. Deposit to AMO Pool (Meteora/Raydium/Orca)] | [2. Send $RDCTD to Burn AMO]   |
|       ↓                                     |       ↓                             |
| [3. Receive LP Tokens (Locked)]             | [3. Mint $zkpUSD Privately]        |
|       ↓                                     |                                     |
| [4. AMO Manages Pool (Peg/Yield)]           |                                     |
+---------------------------------------------|-------------------------------------+
| Smart Contract Processes:                   | Smart Contract Processes:           |
| [A. Create AMO Pool on Solana AMMs]         | [A. Verify $RDCTD via zkP2P]       |
|       ↓                                     |       ↓                             |
| [B. Lock LP Tokens (Null/Timelock)]         | [B. Burn $RDCTD (Null Address)]    |
|       ↓                                     |       ↓                             |
| [C. AMO Adjusts Liquidity for Peg]          | [C. Mint $zkpUSD via zkP2P]        |
|       (Add/Remove $RDCTD, USDC/SOL)         |       ↓                             |
| [D. Invest Profits in Solana DeFi]          | [D. Fund AMO with Burn Profits]    |
+---------------------------------------------|-------------------------------------+
| Outcomes:                                   | Outcomes:                           |
| - Stable $zkpUSD peg via AMO                | - Reduced $RDCTD supply            |
| - Deep liquidity on Meteora/Raydium/Orca    | - Increased $RDCTD scarcity        |
| - Yield from Dynamic Vaults/Fusion Pools    | - Private $zkpUSD minting          |
| - Transparent on-chain pool deposits        | - Peg support via AMO funding      |
| - Meme hype for $RDCTD trading             | - Privacy via zkP2P burns          |
+---------------------------------------------|-------------------------------------+

5. Technical Architecture

Blockchain: Solana, with high throughput and low fees. On-chain transactions are public; zkP2P provides privacy for minting/redemption.
Smart Contracts: Audited zkP2P Smart Contracts for minting, burning, ramps, and AMOs.
- Collateral AMO: Manages reserves (e.g., SOL, USDC, $RDCTD).
- Market Operations AMO: Adjusts $RDCTD/$zkpUSD pools.
- Burn AMO: Burns $RDCTD privately via zkP2P.
AMMs: Meteora (DLMM), Raydium (CLMM), Orca (CLAMM).
AI Integration: AI agents (e.g., Fund Allocator, Sentiment Analyzer) optimize AMO yields and governance proposals.
Transparency: Solana Explorer for contracts; dashboards for reserves, burns, and pools.

6. Governance

REDACTED DAO governs zkpUSD and $RDCTD via $RDCTD voting on RealmsDAOs, supported by AI-driven proposals (e.g., Governance Coordinator AI).
Community includes Meme Zealots (30%), Doom Prophets (20%), and others, ensuring a chaotic yet balanced governance vibe.
Engagement on X, Discord, Telegram.

7. Use Cases

Private Fiat Ramps: Mint $zkpUSD or redeem for fiat (e.g., ARS via Mercado Pago) privately via zkP2P.
DeFi: Trade or farm $zkpUSD in Meteora, Raydium, Orca, or Kamino (non-private).
Meme-to-DeFi: Burn $RDCTD to mint $zkpUSD privately or trade in AMO pools.
Volatility Farming: Engage with $REDACTED pools (e.g., $REDACTED/jupSOL) for meme-driven yields.
Payments: Fast, low-cost Solana transactions (non-private).

8. Benefits

Private Ramps: zkP2P ensures anonymity for minting/redemption.
Stability: AMOs and reserves maintain zkpUSD’s peg.
Accessibility: Global fiat support for emerging markets.
Meme Appeal: $RDCTD burns, $REDACTED pools, and AI-driven governance drive hype.
Low Fees: Solana’s infrastructure minimizes costs.

9. Roadmap

Launch zkpUSD and AMO pools on Meteora, Raydium, Orca.
Enable $RDCTD Burn AMO and add ramps (e.g., PayPal, UPI).
Explore Layer 2 or off-chain privacy; optimize AMO yields.