Zeta Markets is a decentralized derivative trading platform on Solana. It offers non-custodial trading with under-collateralized positions for fast long/short trades at up to x20 leverage. It combines the speed and user-friendliness of centralized exchanges with asset self-custody and transparency of DEX platforms. leading DEX platform on the Solana blockchain since 2021. Offers liquidation and insurance and uses Chainlink and Pyth Network oracles for price alignment.
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Zeta Markets accepts only USDC as collateral for trading perpetual contracts. All transactions are in USDC, and users can only deposit and withdraw USDC. When placing orders, verification of initial margin and balance is required to prevent liquidation. A Liquidator takes over if liquidation occurs, trading with the party at Zeta Markets’ price. The Liquidator receives a 65% reward from the maintenance margin, with 30% going to them and 35% to the insurance fund. If a user’s account lacks funds, the liquidated collateral goes to the insurance fund for platform security.
Zeta Markets uses two on-chain oracles for accurate asset price updates:
If both oracles have old data, Zeta Markets calculates the average of the last prices for precise and up-to-date pricing.
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Currently, the project has only announced 2 parts in the tokenomics. These include:
Currently, Z is not listed on any exchange.
Zeta Markets successfully closed its Seed funding round on December 8, 2021, with the participation of multiple prominent investors. The total raised in this round was 8.5 million USD, with contributions from Jump Capital, GBV Capital, Solana Ventures, Sino Global Capital, Amber Group, Wintermute, and Electric Capital.
Zeta Markets is a platform that enables users to trade perpetual contracts for different assets on the Solana blockchain. The platform incorporates liquidation and insurance mechanisms for user protection. It relies on reputable oracles like Chainlink and Pyth Network to maintain accurate asset price data compared to the market.
CoinCu rates Zeta Markets as a prominent derivative project within the Solana ecosystem, offering a significant advantage in attracting capital. Moreover, the project has the potential to receive airdrops.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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