Is Zeta the Solution to On-Chain Options?

AUG 10, 2022 • 14 Min Read

Joo Kian

DISCLOSURES: THE AUTHOR OF THIS REPORT HOLDS NO MATERIAL POSITIONS IN ASSETS MENTIONED. THE EDITOR OF THIS REPORT OWNS RBN AND HAS OPEN POSITIONS ON ZETA’S PLATFORM. THE AUTHOR & EDITOR HAVE NOT PURCHASED OR SOLD ANY TOKEN FOR WHICH THEY HAVE MATERIAL NON-PUBLIC INFORMATION DURING THE RESEARCH AND DRAFTING OF THIS REPORT. DELPHI VENTURES HAS INVESTED IN FRIKTION, SOLANA (SOL), AND PYTH NETWORK. THESE STATEMENTS ARE INTENDED TO DISCLOSE ANY CONFLICT OF INTEREST AND SHOULD NOT BE MISCONSTRUED AS A RECOMMENDATION TO PURCHASE OR SELL ANY TOKEN, OR TO USE ANY PROTOCOL. THE CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND YOU SHOULD NOT MAKE INVESTMENT DECISIONS BASED SOLELY ON IT. THIS IS NOT INVESTMENT ADVICE.

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Table of Contents

  • The Rise of Zeta
  • Problems With On-Chain Options and Zeta’s Answer
  • The Secret Sauce
  • Demystifying Strategy Accounts
  • Zeta FLEX
  • Conclusion

The Rise of Zeta

Within DeFi, option protocols have represented a largely untapped opportunity, until now. Enter – Zeta Markets, an options DEX that has continued to see increased traction in recent months despite challenging market headwinds. Zeta DEX grew its weekly average notional open interest from ~$1.4M in April to ~$4M in August. Cumulative users on Zeta DEX have also grown from ~1.2k users to ~1.9k users. Whil

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