Essence Finance develops a decentralized stablecoin protocol for the DeFi ecosystem. Its dual-token model consists of CHI, a fully collateralized dollar-pegged stablecoin, and ZEN, a governance and utility token. The protocol supports minting and redeeming CHI against collateral, staking ZEN for xZEN, protocol-controlled value management, and governance through Essence DAO. Its dApp and documentation serve DeFi users, developers integrating CHI into applications, and ZEN token holders.
