INTRO TO VOID

Learn all about Void Protocol, the privacy solution for Terra.

Void is a decentralized protocol on Terra using ZK-Snarks to provide financial privacy to the Terra Blockchain. They allow users to effortlessly move UST from one wallet to another with no connection linking the two together.

SUMMARY

The Void protocol provides users of the Terra blockchain a means to transact and interact with one another without exposing their entire transaction history. Void creates the means for users to disconnect wallets, and their contents, enjoying increased anonymity and privacy. Thinking of it in terms of traditional finance, Void provides the separation that exists between, for example, an individual’s stock portfolio and the physical cash in their wallet. When you hand over cash to pay for a coffee, you’re not giving the vendor the means to view every trade you ever made. Void creates that separation for Terra users.

The Wealth Tip does a great summary in a few minutes, start here:

IN THEIR OWN WORDS

From their Gitbook:

“For a network to be truly decentralized, it is of utmost importance that users have full autonomy over their funds. This includes the option of anonymity. Void protocol gives users control over financial anonymity, as an opt-in financial privacy service.”

Orbital Command X Void Twitter Space

And a conversation we had with the team hosted courtesy of Terraspaces.

THE $VOID TOKEN

The $VOID token will be utilised for governance and will also generate earning potential for stakers within the protocol. Read the full text on their gitbook tokenomics section:

GOVERNANCE

16% of the entire supply has been reserved for Governance. 9% of this will act as a treasury for the DAO. These funds can be used for community promotion, reserve funds, community positions and content rewards.

STAKING

7% of the token supply is reserved for Void governance stakers. A small percentage will be taken from the VAP yield-bearing strategies (such as Anchor Earn) and used to buy $VOID, which will be used to reward stakers. The more users/deposits, the more $VOID stakers will receive.

Governance stakers will also receive any withdrawal fees paid by those utilizing the anon pools but not staking >10k $VOID for governance.

PLATFORM REWARDS

These rewards go towards depositors of the Void Anonymity Pools (VAPs) and Liquidity Pools (LPs). From the total 32% reserved for the platform rewards, 22% is for the VAPs. The other 10% will be set aside for LP rewards to ensure Void protocol can maintain enough liquidity for its users. These rewards will be paid out linearly over a 6 year period.