Following a notable milestone that saw the TVL of Anzen, the platform behind USDz, surpassing a whopping $92 million, the protocol has announced plans for its long-anticipated TGE and the launchpad sale of the ANZ protocol token.
Backed by Circle Ventures, Mechanism Capital, Frax Finance, Tribe Capital, and more, Anzen has disclosed in an official release today that its protocol token, $ANZ, will be listed on Fjord Foundry launchpad on December 2nd for a fixed-price sale.
Notably, this development aims to help Anzen achieve its mission of providing individuals worldwide with the opportunity to generate stable potential returns by utilizing their assets within DeFi. This option remains inaccessible to many.
While USDz and sUSDz are already used across the DeFi landscape with integrations on over 35 protocols, Anzen aims to create a broad range of options for USDz holders to potential returns in a stable, real-world-asset-backed environment.
Nonetheless, the launch of the $ANZ token is focused on decentralizing the platform and rewarding users who have contributed to growing the Anzen ecosystem. The launchpad sale will offer participants the opportunity to purchase $ANZ and will run for seven days.
Up to 6.7% of the total token supply (666,666,666 $ANZ) is fully unlocked at a fixed price of $0.006 per token. The platform revealed it will allocate tokens to USDz users, including, but not limited to, USDz stakes, USDz-USDC LPs, and USDz bondholders.
Per the announcement, the token allocation sets the fully diluted valuation at $60 million and the market cap at approximately $6M based on the estimated circulating tokens, assuming the sale limit is reached.
Following the launch event, ANZ and veANZ holders can allocate rewards, capture protocol fees, and guide USDz’s development as a stable DeFi asset. While a governance token, ANZ empowers its holders with meaningful influence and tangible utility, aligning their interests with USDz’s long-term stability and expansion across DeFi.