Zama

Zama is a cryptography company that develops open-source Fully Homomorphic Encryption (FHE) solutions. FHE is a technique that allows computation on data without decrypting it. The company's Zama Protocol runs on existing layer-one and layer-two networks and keeps balances and amounts encrypted even during transactions; this makes it possible to build confidential tokens, confidential swaps and vaults, and confidential payment and payroll applications. The protocol is designed to preserve public verifiability without setting up a separate chain.

According to the official documentation, ZAMA is the protocol's utility token and is used to pay fees for protocol operations such as decryption. The protocol is secured through staking: ZAMA holders earn staking rewards by delegating their tokens to operators that run core components such as key management nodes and coprocessors; operators take a commission from these rewards. The staking contracts are owned by the protocol's DAO governance.

The token was issued on Ethereum and can also be used on other chains, such as BNB Chain, Solana and Zama's gateway network, through LayerZero infrastructure. DefiLlama lists Zama in the privacy category. On Lzzo.com, the Zama price is shown by converting the Binance ZAMA/USDT pair to US dollars using Coinbase Exchange's USDT/USD observation; it is for information only.