Zaros, a decentralized exchange (DEX), is determined to overcome the challenges that have hindered the widespread adoption of DEXs, such as limited liquidity, high fees, and complex interfaces. Despite these obstacles, the total transaction volume of DEXs has surpassed $1 trillion in the past year. One of the main issues is the lack of market participants compared to centralized exchanges (CEXs), resulting in price slippage. Additionally, liquidity is spread across multiple platforms, making it difficult to find the best prices. DEXs also tend to charge higher transaction fees during periods of network congestion, and they often lack user-friendliness.
To bridge the gap between decentralized and centralized trading experiences, platforms like Zaros are emerging. Zaros aims to provide a decentralized trading experience that offers the convenience, liquidity, and variety found in CEXs. It allows users to trade perpetual futures, which are financial contracts with no expiration date and allow up to 100x leverage. Liquidity providers can earn additional rewards by providing liquidity through liquid staking tokens (LSTs) and liquid restaking tokens (LRTs). LSTs are received in exchange for staking assets and can be traded or used elsewhere, while LRTs add an extra layer of staking for additional rewards.
Zaros differentiates itself from competitors by offering up to 100x leverage on Arbitrum, an Ethereum layer-2 platform known for fast transactions and low fees. It is also set to be available on Monad, a layer-1 blockchain with rapid processing and high throughput. Zaros allows traders to deposit a wide range of assets as collateral into their accounts, ensuring a seamless cross-margin trading experience where traders can use their entire balance without the fear of liquidation.
To streamline user access, Zaros supports social integration, allowing users to log in using Apple ID or Gmail. The platform also offers a sub-account system, enabling users to implement different margin strategies or mimic isolated margins simultaneously.
In addition to user-friendly features, Zaros manages trading using skew caps and open interest caps, resulting in higher total value locked (TVL). Skew caps limit traders’ maximum exposure, while open interest caps restrict the total number of active contracts. These features allow users to explore more experimental trading options such as memecoins.
For liquidity providers to earn returns in ETH from trading fees, Zaros offers single-sided liquidity pools through its ZLP Vaults, supporting LSTs and LRTs. These vaults are pegged to underlying assets like wrapped staked Ether (wstETH) and wrapped Ether (weETH), providing an additional yield layer. Zaros has also introduced USDz, an over-collateralized stablecoin that is only created when paying traders’ gains, ensuring reliability for transactions.
Zaros, a participant in the Cointelegraph Accelerator, invites users to join its governance and become early adopters. The testnet was launched in March, and a trading competition is currently ongoing until June 10 to earn zPoints multipliers. The platform’s native token, ZRS, will be launched through a liquidity bootstrapping pool (LBP) on Fjord Foundry, followed by elections for the Zaros DAO council. Since launching its testnet, Zaros has attracted over 3,000 users and has achieved significant milestones such as a token generation event and a listing on MEXC. The platform is expanding its presence in the decentralized finance (DeFi) ecosystem through partnerships with EtherFi, Redacted Cartel, and Yield Nest.
The DeFi space has the potential to capture a significant share of the market currently dominated by centralized services. However, to realize this vision, DeFi platforms must improve the user experience and ensure fairness in existing products. As DEX platforms continue to innovate, the transparent, decentralized, and composable structure of DeFi ecosystems will inevitably attract more users.
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