On May 24th, Zeta Markets, a derivatives agreement on Solana, released a streamlined white paper on DeFi Layer2 Zeta X, and the mainnet is expected to be launched in Quarter 1, 2025. Zeta X aims to expand and redefine decentralized trading to match the performance of similar centralized trading platforms.
The official says that settlement and consensus (DA) will take place on native Solana L1. Executions will be handled by an off-chain zkVM compatible matching engine, all written from the ground up by Rust, making it high throughput and speed. Z tokens will act as native gas tokens for transactions on ZX rollup and as a reward mechanism for staking holders who perform key operations on Zeta X, among others.
Zeta Markets Releases DeFi L2 Zeta X Streamlined White Paper, Mainnet Launch Scheduled for Quarter 1 Next Year
2024-05-24 02:41:49
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