Zcash + Ethereum Megathread

[decentralistdan]

I have noticed an increase of chatter about Zcash & Ethereum cross chain stuff recently, so this topic can now serve as a megathread for all things ZEC + ETH. I will start us off by cross-posting some previous topics below.

Gitcoin / Quadratic Funding (Introducing Kevin Owocki)

Hey all, We’ve soft launched the Zcash Gitcoin Grants campaign, and will be formally launching the crowdfunding campaign on 11/2. If you’re in search of funding, then head on over to New Grant | Gitcoin and post a Grant to participate. Anyone who is working on a project that helps grow the Zcash ecosystem can participate. More details at Gitcoin Grants launches $25k matching pool for Zcash!

ZEC can now be minted as an ERC-20 token

It is now possible to mint ZEC on mainnet Ethereum as an ERC-20 token, which for instance be traded against any ERC-20 token on Uniswap if you create a pool for it (which is completely permissionless). When other DeFi protocols add it you could take borrow or lend ZEC, use it as collateral, do leveraged trading with it etc., which is pretty cool. The token can always be redeemed 1:1 for ZEC at any time minus fees. Minting can be done here: https://bridge.renproject.io/ How it works: How RenVM…

ZEC can now be minted as an ERC-20 token

Just saw this on the Maker governance platform: https://vote.makerdao.com/polling-proposal/qmzfpbnvhqezxv6b2enrltdehq3ybthavj73gyvk5fvubz It is a Community Greenlight Poll for renZEC to be reviewed by the domain teams of MakerDAO, it currently has 94% of the votes in favor. Down the line if this passes the executive vote, you would be able to take out a loan against your ZEC, which is fantastic!

ZEC can now be minted as an ERC-20 token

(I’ll keep posting cool news related to ZEC on Ethereum, hope you folks don’t mind!) A few days ago renZEC got listed on Matcha, which is an Ethereum exchange by the 0x project. Which means more liquidity to trade ZEC outside centralized exchanges!

ZEC can now be minted as an ERC-20 token

Aave discussion about Zcash community

Hey folks, I thought it was interesting how the decisions being made by these DeFi people over at Aave are based on the culture of the Zcash community: I’m supportive of adding support for renZEC. There are many Storage of Value type token (whether privacy or not), but many of them tend to have fostered a maxi-type culture. From my experience interacting with the ZEC community, they give off a much more open-minded and positive energy. The ZEC community is one of the oldest and passionate…

[nathan-at-least]

I see multiple links/posts about renZEC here, and wanted to point out there’s another ZEC-on-Ethereum token: WZEC.

• product page: Wrapped
• coindesk article: Privacy Coin Zcash Makes Its Ethereum ‘Wrapped’ Debut With Tokensoft and Anchorage - CoinDesk

I’d be interested for any market analytics comparing WZEC to renZEC, for example, the number of issued tokens of each, and stats about their activity on Ethereum.

From a technical standpoint, my very brief / non-detailed understanding is that WZEC is controlled by a single issuer whereas renZEC is based on the renVM network. Each has different kinds of risk. DYOR.

[decentralistdan]

according etherscan at the moment

renZEC has 4,165 ZEC minted using their VM w/ 70 holders
wZEC has 9,001 wrapped using their platform w/ 7 holders

Also worth noting renZEC is an ERC-20 whereas wZEC is ERC-1404

[artkor]

Since such a topic has already been created (thanks to @decentralistdan) I will continue. I’ve been fantasizing a bit about ZEC + EHT.

And I was thinking more about the future of ether, since I have no questions about the future of Zcash.

So I think that Ethereum is definitely not money. Zcash, on the contrary, is ideal for the role of the money of the future.

ETH is not well suited for operations with #NFT, and I was convinced of this and practiced thanks to the CypherPunk Zero event. And anyway, the phenomenon of NFT is incomprehensible to me, although it has made a significant contribution to the popularization of Ethereum. Nevertheless, ETH will lose its leadership in this direction in the future.

OK, I’m also sure that ETH is a bad carrier for stablecoins. And I also think ETH will lose this function in favor of other blockchains with low transaction costs.

But why then Ethereum? Oh, I think he has a great role in store for him. Due to its qualities: transparency, excellent reliability and decentralization, I believe that Ethereum is the best possible way to replace the obsolete broker system. I mean tokenized assets - everything related to the stock market, and all other documents that are our certificates of ownership of anything. Transparency allows a decentralized way to fulfill the requirements of the registrar’s public record on the change of ownership of the asset. Commissions for this purpose are very, very democratic, unlike transactions for transferring the value of stablecoins. Smart contracts allow not only to transfer shares to a new owner, but also to launch the payment process in ZEC through defi and Ethereum + Zcash cross-chain solutions. The same decisions allow fair and unconditional payment of dividends to shareholders.

This is a very cool symbiosis. At the same time, the reliability of the network guarantees that shares are accounted for and stored in the best way possible.

These are my thoughts about this union. I hope we will come to this in the next 10-15 years. @zooko