Zeta Markets has released a simplified white paper for DeFi L2 Zeta X, with the main network planned to launch in the first quarter of next year
On May 24th, Zeta Markets, a derivatives protocol on Solana, released the simplified white paper for DeFi Layer2 ZetaX. The mainnet is expected to launch in the first quarter of 2025. ZetaX aims to expand and redefine decentralized trading to match the performance of centralized trading platforms. Officials stated that settlement and consensus (DA) will take place on native Solana L1. Execution will be handled by an off-chain zkVM-compatible matching engine entirely written from scratch in Rust, enabling high throughput and speed. The Z token will serve as the native Gas token for transactions on ZX rollup and as a reward mechanism for stakers performing key operations on ZetaX.
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