Investments
The liquidity ZCG supports. The activity it enables. The position the treasury holds.
Native ZEC liquidity
Maya Protocol
All-time ZEC pool volume
$521.1M
Swapped through the entire ZEC pool since May 2025.
Includes native, trade and synth swaps. This is pool activity, not ZCG revenue.
- Reported swaps
- 1,312,879
- ZEC in the pool
- 2,292.27
- ZCG pool share
- 8.4%
Protocol operations · all time
Paired with 24,817,469 CACAO
Share of liquidity-provider units
Pool activity
ZEC volume over time
Volume in this period$516,216,864Select a month to inspect its value
View chart data
| Month | USD | Detail |
|---|---|---|
| May 2025 | $71,870 | 10,329 reported swaps · $71,870 monthly volume |
| Jun 2025 | $2,636,647 | 49,320 reported swaps · $2,636,647 monthly volume |
| Jul 2025 | $7,072,504 | 37,068 reported swaps · $7,072,504 monthly volume |
| Aug 2025 | $3,018,169 | 15,050 reported swaps · $3,018,169 monthly volume |
| Sep 2025 | $2,771,186 | 14,396 reported swaps · $2,771,186 monthly volume |
| Oct 2025 | $17,564,251 | 39,603 reported swaps · $17,564,251 monthly volume |
| Nov 2025 | $45,438,688 | 70,672 reported swaps · $45,438,688 monthly volume |
| Dec 2025 | $20,344,265 | 39,850 reported swaps · $20,344,265 monthly volume |
| Jan 2026 | $13,290,933 | 26,761 reported swaps · $13,290,933 monthly volume |
| Feb 2026 | $41,299,491 | 53,942 reported swaps · $41,299,491 monthly volume |
| Mar 2026 | $17,098,085 | 65,550 reported swaps · $17,098,085 monthly volume |
| Apr 2026 | $28,025,446 | 145,110 reported swaps · $28,025,446 monthly volume |
| May 2026 | $19,805,645 | 111,796 reported swaps · $19,805,645 monthly volume |
| Jun 2026 | $26,310,279 | 116,964 reported swaps · $26,310,279 monthly volume |
| Jul 2026 | $19,591,748 | 89,503 reported swaps · $19,591,748 monthly volume |
| Aug 2026 | $9,564,485 | 38,575 reported swaps · $9,564,485 monthly volume |
| Sep 2026 | $0 | 0 reported swaps · $0 monthly volume |
| Oct 2026 | $239,129,156 | 377,262 reported swaps · $239,129,156 monthly volume |
| Nov 2026 (partial) | $3,184,016 | 2,353 reported swaps · $3,184,016 monthly volume |
USD at the time of each swap. Includes native, trade and synth activity. The current month is partial.
Fetched · Nov 4, 23:10 UTCTreasury performance
ZEC / CACAOThe ZCG position
ZCG and FPF seeded this position. Pool usage and the treasury’s financial result answer different questions.
- Original contribution
- $100K
- Position value now
- $511.6K
- If ZEC had been held
- $3.4M
2,580.34 ZEC · 2 transfers
+$411.6K vs. contribution
LP position is −$2.9M vs. holding
Providing liquidity vs. holding ZEC
Original contribution$100K
LP position now$511.6K
If ZEC had been held$3.4M
Half of the initial ZEC was exchanged for CACAO to form the pair. The pool rebalances as the relative prices change. This comparison includes accrued earnings and excludes any withdrawn assets.
Position fetched · Nov 4, 23:10 UTC
Current allocation
- ZEC 49.6%
- 193.61 ZEC$253.8K
- CACAO 50.4%
- 2,095,907 CACAO$257.8K
Percentages by USD value. ZEC at $1,310.95; CACAO at $0.1230 (CoinGecko).
No assets withdrawn from the LP position
ZCG’s estimated share
Accrued in the poolEarnings over time
Accrued inside the position103,701 CACAOSelect a month to inspect its value
View chart data
| Month | CACAO | Detail |
|---|---|---|
| Jul 2025 | 365 CACAO | 7.03% estimated pool share |
| Aug 2025 | 186 CACAO | 7.14% estimated pool share |
| Sep 2025 | 190 CACAO | 7.20% estimated pool share |
| Oct 2025 | 1,282 CACAO | 7.21% estimated pool share |
| Nov 2025 | 4,866 CACAO | 8.09% estimated pool share |
| Dec 2025 | 2,296 CACAO | 8.07% estimated pool share |
| Jan 2026 | 1,636 CACAO | 8.08% estimated pool share |
| Feb 2026 | 21,954 CACAO | 8.07% estimated pool share |
| Mar 2026 | 4,703 CACAO | 8.06% estimated pool share |
| Apr 2026 | 6,518 CACAO | 8.06% estimated pool share |
| May 2026 | 1,586 CACAO | 8.06% estimated pool share |
| Jun 2026 | 4,932 CACAO | 8.40% estimated pool share |
| Jul 2026 | 2,542 CACAO | 8.40% estimated pool share |
| Aug 2026 | 3,456 CACAO | 8.45% estimated pool share |
| Oct 2026 | 46,407 CACAO | 8.44% estimated pool share |
| Nov 2026 (partial) | 780 CACAO | 8.44% estimated pool share |
Earnings are already included in the position value. They are not an additional treasury payout. Estimates use the member’s current units and each month’s closing pool units; they are not an audited fee statement.
Transfers & custody2 contributions · 2-of-3 multisig
| Transfer | Date | USD | ZEC | ZEC/USD |
|---|---|---|---|---|
| Maya Multi-Sig | 2025-06-30 | $1,000 | 25.5 | $39.22 |
| Maya Multi-Sig | 2025-06-30 | $99,000 | 2,554.84 | $38.75 |
2-of-3 · Vultisig
Jason (ZCG), Aaluxx (Maya Protocol) and Alex (FPF) hold the keys. Any two signers can move the position. The stated fee beneficiary is the ZCG treasury.
ZCG announcementVerify the position
Added on 2025-07-01: 1,300 ZEC + 271,615 CACAO.
How these numbers are calculatedSources & methodology
- Scope. Volume and swap counts cover the entire ZEC.ZEC pool, including activity before ZCG joined. They do not measure the volume caused by ZCG’s contribution, unique traders or a return on the grant.
- Historical volume. Midgard’s USD cents are converted to dollars without applying today’s prices. The total includes native, trade-asset and synthetic-asset swaps; the breakdown reconciles to that total.
- Prices. The ZCG position values ZEC at the site’s oracle and CACAO at CoinGecko (or a clearly labelled pool-implied fallback). Maya’s internal USD quote can differ. Maya's position quote: $506.7K.
- Earnings. Net pool earnings and gross fees are different measures. The monthly estimate assumes today’s member units were held throughout each included month. Deposits, withdrawals or changes in units can change that estimate. The sheet’s fee-revenue cell is not used as a zero.