jakiro
From the perspective of the type of derivative derivatives, there are two main solutions:
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The Vault mode represented by GMX, LP, as a trader’s opponent disk, determines the transaction price by ORCALE price.
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A thin mode represented by DYDX, settlement on the chain under the chain.
Although these two solutions are widely adopted by the market, there are some potential risks. The Vault model is easy to encounter ORCALE price manipulation, causing losses; and a thin -order chain matching chain settlement lacks transparency.
In many derivative derivatives agreements, the influence of a single agreement is limited.The derivatives trading market on the entire chain is still in the barren era, and the market structure has not been determined.How to win in this competition is a huge challenge to determine the future for each existing agreement.
The derivative protocol of the StarkNet ecosystem also adopts a thin model, but through differentiated deployment, users provide users with a chain trading experience and security that is comparable to or even surpass CEX fluency.OG Trade and Pro Trade provide multiple transaction options for users of different degrees; ZKX Appchain records all the transaction processes on the chain, which is transparent and security;And simplified procedures.
ZKX background information
ZKX was founded in 2021. Two of the founders Eduard and Naman have previously served as SOSV’s leadership positions. SOSV is one of the world’s top venture capital companies, with more than $ 1.2 billion in assets.The main team has experienced personnel from companies such as Paytm, Flipkart, and Byju’s, spreading all over 8 countries.
ZKX received funding from Starkware (Starknet’s parent company) in April 2022. In July 2022, ZKX seeds raised $ 4.5 million in financing. Investors include Starkware, Hashkeyamber Group, CryPto.com, Dragonfly Capital, Winramachandran et al.
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ZKX provides users with a more interesting trading experience by providing gaming transaction options, making transactions socialized.Using ZKXAppChain, ZKX combines CEX’s efficiency with the self -custody of DEFI and no need to trust to provide wider scalability and high -speed API.ZKX is currently deployed on Ethereum and Starknet.According to data released on June 5th, the transaction volume of ZKX has reached 2.3 billion US dollars in the past 30 days.Essence
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The ZKX protocol tokens will be held on June 19th. It is currently confirmed that Kucoin and Gate will be launched at the same time.The first phase of the airdrop promised to the user has also been issued to the user’s account at 3 pm on June 17.
OG Trade & amp; Pro Trade
Generally, the derivatives on the chain are static trading pages. Different degrees of traders can only be forced to use the same interface, and users have no choice.ZKX innovatively divides transactions into OG Trade and Pro Trade with different degrees of users.
OG Trade introduces gamified elements, which is a simpler and interesting trading experience for short -term and band traders.OG Trade provides a 30 -minute trading competition and provides visual real -time trading data on the interface to help primary users get transaction profits in a short time.
Profit, losses and transactions can obtain unique gold, silver, and bronze badges, and each category is unique.These badges marked the value of users as traders in the OG trading competition.
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Pro Trade is created for more experienced intermediate and senior traders, including all types of orders, complex trading functions, public APIs, advanced tools, etc., professional traders, large funds players and self -employed trading companiesCan be easily traded at Pro Trade.
OG Trade and Pro Trade meet the needs of different types of traders in two different ways.Nevertheless, users still do not need to worry about liquidity and depth, because the two transactions are shared on the same chain order book on ZKX.
ZKX AppChain Slows on Performance and Safety Gap
Some of the derivatives on the chain use the model of the order book to improve performance, such as DydX, AEVO, etc., but this form is running in the chain and liquidation model on the chain.The matching process of the chain lacks transparency and has a certain risk of evil.ZKX perfectly meets the gap between performance and security through ZKX Appchain.
ZKX Appchain is a full -chain layer developed using Substrate SDK. It seamlessly connects the user to ZKX through multiple L1 and Rollup.There is an intermediate layer in the stack of the stack to synchronize the StarkNet and the assets and status data between the parallel rollup and ZKX Appchain built by its SDK.Therefore, ZKX AppChain is actually the L3 public chain based on the Starknet ecosystem.
The thin order of ZKX runs all in ZKX Appchain’s transactions at ZKX is not limited by any chain speed and GAS cost. Even if there is congestion on the chain, ZKX users can still enjoy silky GAS transactions and continuous liquidity and operability.Essence
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On the AppChain, the order book and the Substrate management transaction processing and verification, any transaction records are traceable and queryable, which further increases the degree of decentralization and transparency of ZKX, providing a security and trustworthy chain derivative transaction.It is possible.
ZKX has expanded to 3 blocks per second, supporting more than 2,000 API requests per 10 seconds. This efficient transaction without GAS can provide users with a transaction experience comparable to CEX and ensure the security of user assets.
ZKX AA account
Although most of the derivatives on the chain are attracting new users with various strategies, the threshold for operation on the chain is extremely high. This is the most fundamental reason why new users cannot transfer transactions from CEX to the chain.How to reduce the entry threshold of new users and let these users seamlessly experience decentralized trading systems are currently the focus.
The account abstraction has a seamless experience similar to CEX, and at the same time, it has the safety and privacy provided by DEX. It is a necessary condition for large -scale blockchain.ZKX is the first platform to integrate account abstraction in the derivative derivative agreement.Use Starknet’s native account abstraction and Starkway as the L1 to L2 bridge.The ZKX AA account is currently deployed on the StarkNet main network with Cairo 1.0.In the future, it will be extended to other L1 and more Rollup to provide users with a seamless full -chain trading experience.
The process of using the ZKX AA account can simplify the process of user records and simplify the process of funds.As a decentralized account of the Ethereum L2, users can seamlessly bridge the StarkNet, save multiple complex steps, and use ZKX Appchain to start without GAS transactions.The ZKX AA account will also become a one -stop DEFI application hub for users. It has the functions of pledge and other DEFI products except sustainable transactions. All of them are included in a user -centric DAPP.
Starkway native cross -chain bridge
In the multi -chain era, cross -chain bridges are important infrastructure connecting blockchain.Starkway is composed of Solidity smart contracts on Ethereum and cairo contracts on StarkNet.Through the L1-L2 message transmission mechanism provided by Starkware, Starkway can help users seamlessly transfer funds between L1 and StarkNet through a mechanism without trust and transparent mechanism.
At present, users can use Starway to easily deposit directly from the Ethereum L1 to the ZKX AA account on Starknet, or can also be used in ZKX activities, such as airdrops and CLAN NFT.Starkway also has a message transmission function. ZKX can check the qualifications of the L1 wallet and allocate rewards accordingly.
Through Starkway, ZKX has opened up the entry and exit channel of funds. Different chains are no longer the barriers of funds. Users can seamlessly experience any services provided by ZKX.
At the end
The decentralized derivatives trading market is on the eve of the outbreak, and has the potential of trillions of dollars.At present, the overall pattern of the derivatives agreement on the chain has not yet been shaped, which provides valuable breakout opportunities for innovative projects and is also a critical moment for market share.
The core advantage of ZKX is to use decentralized order books, which has the characteristics of high performance and liquidity. Combined with ZKX Appchain and ZKX AA accounts, full -chain users can use ZKX services safely and seamlessly in the simplified process.Provide users with smoothness and GAS transactions comparable to CEX, as well as DEX’s security and decentralization.
Through unique differentiation strategies, ZKX is committed to solving problems and risks in existing agreements, and is a strong competitor to go to the central derivative track.
ZKX tokens were launched on June 19th. The total amount of $ ZKX tokens was 100 million, with a small initial circulation. The IDO valuation was 50 million US dollars. The valuation was reasonable.
