Zaros Joins Cointelegraph Accelerator as First EVM-Compatible DEX for Perpetual Futures
Zaros, a pioneering decentralized exchange (DEX) specializing in perpetual futures, has become the first EVM-compatible perpetual DEX to partner with the Cointelegraph Accelerator program. This platform offers traders the opportunity to engage in perpetual futures trading while also enabling liquidity providers to generate additional yield through the provision of liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).
Decentralized finance (DeFi) platforms often present users with several challenges, including fragmented liquidity across multiple platforms, complex interfaces, slow settlement times, high slippage, and the cumbersome management of assets across different blockchains. These issues create a barrier to efficient trading and discourage new participants from entering the DeFi space.
Zaros aims to address these challenges by providing deep liquidity across a diverse range of markets, including cryptocurrencies, commodities, and forex. The platform employs innovative features like eClusters and a Smart Investment Algorithm to efficiently allocate liquidity to new markets. Additionally, Zaros uses account abstraction to simplify user interaction, supports social login and one-click trading for ease of use, and leverages Chainlink’s Data Streams for enhanced order execution, settlement prices, and security against front-running.
For liquidity providers (LPs), Zaros offers solutions to overcome the limitations of staking yields confined to Ethereum’s staking yield and the risks associated with DeFi yield-boosting strategies. The platform allocates 70% of trading fees to LP vaults in Ether (ETH), allowing LPs to earn from the protocol’s trading fees on top of Ethereum’s staking yield. Zaros also utilizes USDz, an overcollateralized stablecoin, and an eClusters system inspired by Aave’s eMode to efficiently distribute credit between markets while maintaining a delta-neutral stance, thus mitigating exposure to market movements.
The Zaros Liquidity Providing Vaults (ZLP Vaults) represent an LP’s stake in the protocol’s liquidity, pegged to the underlying assets of the vault, such as wstETH and weETH. This approach preserves DeFi composability and introduces an additional layer of yield for LPs.
Looking ahead to 2024, Zaros envisions a future where decentralized derivatives significantly penetrate centralized finance (CeFi) and traditional finance (TradFi) markets. The platform believes that focusing on user experience, education, and delivering value with safety and credibility can drive broader adoption and integration of DeFi into mainstream financial markets.
*Disclaimer: The content provided is for informational purposes only, and readers should conduct their own research before making decisions related to the company, which is not to be considered as investment advice.*
