Zephyr Protocol

Network Emission

Emission & Reserve Funding

Compare Zephyr's circulating supply with Bitcoin and Monero, combining live scanner history with scheduled projections.

Emission Curve

Daily circulating supply across ZEPH, projected supply, Bitcoin, and Monero—aligned to Zephyr's launch and normalised into daily buckets.

Emission Curve

ZEPH supply · actual & projection

Cursor SnapshotCurrent vs historic emission detailsIndicator points stay visible; hover the chart to compare them with any past moment.

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Block Reward Allocation

Cumulative distribution of each block's rewards across miners, reserve accrual, yield minting, and the legacy governance slice.

Block Reward Allocation

Miners (ZEPH)Reserve (ZEPH)Yield minted (ZSD)Governance (legacy)

HF v2.0.0 (Current)

Active split since HF6: 65% miners, 30% reserve, 5% yield minted as ZEPH then converted into ZSD liabilities.

Miners65.0%
Reserve30.0%
Yield5.0%

Current ZEPH in circulation10,573,178 ZEPHLatest scanner update: Nov 4, 2025

Reserves funded so far2,247,689 ZEPH22.3% of minted ZEPH • Direct: 20.6% · Yield: 1.8%

Yield reserve minted176,085 ZSD176,085 ZEPH redirected into reserve (conversion totals pending)

Outlook to 205020,172,833 ZEPH+9,599,655 ZEPH minted • +3,359,879 ZEPH to reserve • Yield reserve liabilities depend on future conversion prices

Block Reward Split

Hardfork v6 allocates 65% of each block to miners, 30% directly to the reserve, and 5% to mint ZSD for yield participants. Earlier releases routed 5% to governance and reduced the reserve share.

Miners

7,486,329 ZEPH74.4%

Reserve (ZEPH)

2,247,689 ZEPHDirect: 2,071,605 ZEPH (20.6%) · Yield: 176,085 ZEPH (1.8%)22.3%

Yield allocation

176,085 ZEPHEstimated liabilities: 176,085 ZSD (conversion data unavailable)1.8%

Governance (legacy)

326,964 ZEPH3.2%

Blocks before v1.0.0 paid 95% to miners and 5% to governance. v1.0.0 introduced a 20% reserve share, and v2.0.0 (HF6 @ block 360,000) transitions to the current 65/30/5 split with governance retired.

Forward Look

Between now and 2050, the emission schedule mints roughly 9,599,655 additional ZEPH, with about 3,359,879 ZEPH augmenting reserves. ZSD liabilities from the yield share will depend on the conversion price at mint time before tail emission steadies the curve.

Bitcoin and Monero trajectories are derived from public emission schedules and rounded to monthly datapoints for comparison.