Zaros wants to change how decentralized perpetual futures trading works by adding simple features for everyone to use and smart rewards to attract and retain busy traders and liquidity providers.
The decentralized exchange (DEX) dealt with eternal futures. Two of Zaros’ co-founders, Guilherme Bettanin and Pedro Bergamini, discussed the platform’s unique features for users and liquidity providers. They also discussed their plans for building strategic relationships and a decentralized government.
Zaros is a permanent DEX that works with the Ethereum Virtual Machine (EVM). It lets you trade in many markets, like crypto, forex, and commodities, with leverage. The Arbitrum-based platform has both permanent futures and liquid staking. People with liquid staking tokens (LSTs) or liquid restaking tokens (LRTs) can now give their cash to continuous markets.
Bettanin said, “From the beginning, our goal has been to make it feel like you’re trading on a centralized exchange (CEX).” He was talking about the problems that make DEX systems hard to use.
Zaros Adds User-Friendly Trading Tools
To do this, Zaros added a bunch of simple tools that anyone could use. You can log in with your Apple ID or email, and the interface and user interface (UI/UX) are both easy to use. It also works with long-tail files. You can also trade on margin by yourself with a sub-account.
Cross-margining has already been built into Zaros’s trade account system. Users can choose how much risk they will take and use different kinds of security, such as Lido Staked ETH (StETH) and wstETH. It also works with complex trading methods and lets users earn interest on assets they stake while protecting their positions. This isn’t always the case with other DEXs and CEXs.
The businessman said, “Zaros is actually made up of two products.” The two-part method that Zaros uses lets buyers access many important features. The blockchain that Zaros is built on lets people connect goods from Ethereum to Arbitrum.
The platform uses a loan-to-value ratio that is set ahead of time based on the type of collateral to support debt. To ensure users get fair quotes, median price data feeds from the biggest CEXs are assembled.
Zaros began a special program to thank buyers during the testnet phase. This was done to get people interested in the neighborhood immediately. Bethany said, “We want to connect with the neighborhood as soon as possible.”
Traders get different points based on how they use the app. People can get points for things like how much they trade and how much money they make. These points can be important in a league system. Things get better as you move up the ranks.
He added, “There are a number of ways to take part in the points campaign without spending any money.” One cool idea is to let people make fake Ether so they can try out trade plans and signs without risking real money.
Liquidity producers (LPs) and people who own tokens also get paid. People who have ZRS coins get points. On Balancer, giving cash away earns you the most points.
The first is a perpetual trading engine that is already live on a testnet. The second, which is still under development, is a market-making engine designed to incentivize liquidity providers with trading fees.
He said, “We used an agent-based simulation to determine our expected annual percentage rates.” In permanent futures, the most common rules were used to determine the pool size and the number of trades.
According to Bettanin, LPs can get a base rate of 70% of all trade fees without having to take any risks. A third of the money is sent to the Zaros DAO to be used for building projects, hacks, and burns. This money is also given to veZRS lockers to encourage people to keep their coins for a long time and take part in the ecosystem.
Money from this part helps the decentralized autonomous organization (DAO) decide what to do. It’s set away for the DAO Money Store. With the remaining money, ZRS tokens are bought back from the market and then burned, lowering the total amount.
Also, it was said that Zaros LPs can help you get Boosted Vaults for Restaking. In these vaults, you can get up to four times as much money back as you usually stake. For this reason, they add trade fees from the perpetual DEX to the points and benefits from Zaros’ partner integrations, such as EtherFi’s loyalty points and EigenLayer’s points.
He said, “We have risk management features that allow LPs to remain delta-neutral.” He also stated, “In a real mainnet scenario, older DEXs and CEXs with real money would arbitrage and correct the price.” People may be more willing to take chances on the testnet when there is free fake money than when real money is at stake in a real market.
The stablecoin USDz from Zaros is mostly used as a settlement asset in the project setting. This helps traders and LPs get their money back faster. Zaros’s flexible system can handle different types of security. For example, it can handle assets that payouts, like LSTs and standard ERC-20 tokens. For people who use both standard and decentralized finance (DeFi), this means it can help them.
At the end of the year, Zaros plans to use it on Monad’s mainnet after trying it with the public on Arbitrum Sepolia. When asked about the choice, Bettanin said, “Our v2 will be natively modular.” It will be us who are the first eternal DEX. We will use parallelism’s ability to scale and our creativity to devise a timed settlement against LPs and liquidations.
Zaros is always trying to improve decentralized perpetual futures trading by coming up with new ideas and providing strategic incentives to attract and retain busy traders and liquidity providers.
