What is Zeta Markets?
Zeta Markets is an on-chain options trading protocol on the Solana blockchain, offering advanced financial products like options and futures through its decentralized platforms, Zeta DEX and Zeta FLEX.
Background
Zeta Markets was developed to leverage the high throughput and low transaction costs of the Solana blockchain, aiming to provide a centralized exchange (CEX)-like trading experience in a decentralized setting. It integrates with Serum’s order book and Pyth’s high-frequency price feeds to enhance trading efficiency and accuracy.
How It Works
Zeta DEX operates as a derivatives decentralized exchange (DEX) that allows for trading of undercollateralized options and dated futures, using Serum’s order book infrastructure for order matching. Zeta FLEX, on the other hand, is a permissionless protocol for creating and auctioning fully collateralized, customized tokenized options, expanding the flexibility and accessibility of options trading.
Key Takeaways
- Dual Product Offering: Provides two main products, Zeta DEX for undercollateralized trading and Zeta FLEX for customized options creation.
- High-Performance Trading: Built on Solana to ensure fast transaction speeds and low costs, mirroring a CEX-like experience.
- Advanced Integration: Utilizes Serum’s order book and Pyth’s price feeds to provide reliable and efficient trading infrastructure.
- Customizable Options: Zeta FLEX allows users to create and auction fully collateralized, tokenized options, offering significant flexibility.
- Collateral Requirements: While Zeta DEX supports undercollateralized positions, Zeta FLEX requires full collateralization for options, ensuring secure and trustworthy trading conditions.
