Edward, co-founder of ZKX, was interviewed in a YouTube video to discuss their protocol built on StarkNet. ZKX is a permissionless derivatives protocol that offers perpetual swaps trading as its main instrument, with plans to expand into other financial instruments such as option strategies. The goal of ZKX is to provide a decentralized exchange with a wider range of assets and a user-friendly experience.
ZKX differentiates itself from platforms like YDX by allowing the community to decide what they want to trade. The protocol supports price feeds and data feeds from any source, whether on-chain or off-chain. The current state of the derivatives market is limited, with centralized exchanges holding the majority of the market share. ZKX aims to scale and offer a decentralized exchange with full custody of funds to millions of users.
In terms of trading experience, ZKX caters to relatively sophisticated traders who enjoy placing bets and trading frequently. They have created a series of instruments called “t-swaps” that wrap complex options strategies into perpetual swaps. This simplifies the user experience while still allowing traders to trade in and out as they would with a normal perpetual swap.
ZKX also introduces gamified trading by offering trading rewards for any protocol or DAO that lists their token on the platform. This allows flexibility for the community and projects to reward trading volume and activity based on their own preferences.
Another important aspect of ZKX is its liquid governance system. This system gives representation to anyone using the protocol through virtual government shares. These shares cannot be sold, transferred, or monetized, but they represent a user’s stake or influence within the protocol.
ZKX aims to engage both non-tech savvy and tech-savvy users. They plan to launch a recruitement program in September and welcome anyone trading perpetual swaps to collaborate and help build the DAO.
In summary, ZKX is a derivatives protocol built on StarkNet that aims to provide a decentralized exchange with a wider range of assets and a user-friendly experience. Their liquid governance system gives representation to users, and they also offer gamified trading and rewards for listing tokens on the platform. They are actively welcoming participation from the community to contribute and help shape the future of ZKX.
Source : Journal du Coin | Date : 2022-07-28 22:46:27 | Durée : 00:08:58
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