Draft:Zeta Markets

Zeta Markets

Industry	Crypto perpetuals exchanges
Founded	2021 (2021)
Founder	Tristan Frizza
Headquarters	UK
Key people	James Cole (Chief Technology Officer)
Revenue	US$ 729 Millions (2024)
Website	www.zeta.markets//

Zeta Markets - is a DeFi derivatives platform operating in the financial technology sector. The company offers a trading platform for digital assets, providing features such as high-speed trade execution, low transaction fees, and security measures by running on a public blockchain network (Solana). Its primary customers are investors and traders in the cryptocurrency market. It was founded in 2020 and is based in England, United Kingdom.

History

Why are they called Zeta?

In options trading there are these metrics known as the Greeks - delta, gamma, theta, vega etc. There are all based off Greek letters. What they are saying - "We are options geeks so Zeta which is also a Greek letter was a really cool name to us!"

Zeta Markets was founded by Tristan Frizza in 2021. Now Company have 11-50 workers. The Zeta core contributors have traders and developers who have worked in some of the best tradfi derivatives trading firms, software devs/data scientists from huge tech companies, along with a bunch of experience across building apps for millions of active users. Company baked by Electric Capital, Jump Crypto, Wintermute and Solana Ventures. Now located in Newyork, Argyll and Bute, United Kingdom

Zeta is a decentralized exchange (DEX) that was created just three years ago after emerging from the second Solana hackathon. The platform was built for speed, simplicity and security, and has quickly become one of the fastest and most reliable perps DEX on the market. Zeta is also known for pioneering the on-chain central limit order book (CLOB).

Since its inception, Zeta has facilitated over $2.77 billion in trading volume and has served more than 71,600 monthly active users (MAU). The platform offers a seamless mobile experience, near-instant cross-chain deposits, and Z-score rewards.

Zeta's Roadmap Decoded

The Power of Onchain Trading in the Hands of Every Trader

Contents:

1. Introduction
2. Master Roadmap Overview
3. Single Phases - Deep Dive
   1. Phase 00 - Today
   2. Phase 01 - Foundations
   3. Phase 02 - Catalyst
   4. Phase 03 - Prevalence
4. What Now?

All roadmap information - here

Features

- Zeta Token and Z-Score

Future function of Zeta Markets is their own token. From their words "As the Zeta ecosystem scales the $Z token will become integral to its function, and will lay the foundation for governance and key protocol operations. Staking will be used as a vital mechanism to facilitate these token utility features." The allocation for individual traders will be based on two factors: their Z-Score and their demonstrated long-term alignment with the protocol. Z-Score's impact on token distribution may be in direct proportion to Z-Score values or though a tiered system based on distinct Z-Score thresholds; or a combination of both.

- Zeta Card

A Zeta Card is a tool introduced by Zeta Markets to maximize your Z-Score on Zeta, leveraging compression on Solana. It provides an innovative 'first in DeFi' incentive program that is only possible on Solana.

Z-Pass: Purple is designed to provide traders with a short term 2x boost to the Z-Score earned for trading on Zeta.

1. Burn the NFT: To activate your 2x Z-Score boost, burn your Z-Pass: Purple NFT. This can be done using most popular wallets or directly from Zeta's trading interface.
2. Trade: During the next 7 days, all taker trades you execute will earn you double the Z-Score points.

Once burned, the NFT will be destroyed and a 7-day timer will initiate immediately. Your benefits become active within the same hour you burn the NFT.

Importantly, this benefit stacks well with any other boost you may be receiving (e.g. the boost for your position on the leaderboard).

The different types of Zeta Cards available for Season 2 of Z-Score, each corresponding to a different rarity level and boost benefits, are:

• Pink: Common (C) with a 1.25x multiplier
• Silver: Legendary (L) with a 2.00x multiplier
• Gold: Mythic (M) with a 3.00x multiplier
• Blue: Uncommon (U) with a 1.50x multiplier
• Bronze: Rare (R) with a 1.75x multiplier

SourcesS1 Zeta Cards

Build with Zeta

In General meaning Zeta propouse you 3 variants of building your own system to trade:

• Python SDK
• Typescript SDK
• Program ABI

- Python SDK

The SDK's primary purpose is to provide Python developers with an easy-to-use environment for user authentication, data retrieval, and the uploading of data/results from their analysis to BaseSpace. All the way to building a simple trading bot .

zetamarkets_py package:

class zetamarkets_py.client.Client(provider: ~anchorpy.provider.Provider, network: ~zetamarkets_py.types.Network, connection: ~solana.rpc.async_api.AsyncClient, endpoint: str, ws_endpoint: str, exchange: ~zetamarkets_py.exchange.Exchange, margin_account: ~zetamarkets_py.zeta_client.accounts.cross_margin_account.CrossMarginAccount | None, _margin_account_address: ~solders.pubkey.Pubkey | None, _open_orders_addresses: dict[~zetamarkets_py.types.Asset, ~solders.pubkey.Pubkey] | None, _margin_account_manager_address: ~solders.pubkey.Pubkey | None, _user_usdc_address: ~solders.pubkey.Pubkey | None, _combined_vault_address: ~solders.pubkey.Pubkey, _combined_socialized_loss_address: ~solders.pubkey.Pubkey, _logger: ~logging.Logger, _account_exists_cache: dict[~solders.pubkey.Pubkey, bool] = <factory>)

Bases: object

This class represents the Zeta Client. It contains all the necessary attributes and methods for interacting with the Zeta Exchange from the user side, including loading the client, fetching state and pricing, and handling various market assets.

See full details - here

- Typescript SDK

The TypeScript SDK is a convenient tool for communicating with Composable Commerce APIs. This SDK is generated as a TypeScript library with the help of our open-source code generator. It follows the REST modeling framework, which means that it provides faster updates for newly released API features and quicker resolutions for any bugs.

They're open sourced their SDK for Devnet and Mainnet. Their SDK is a typescript library that can be used to interact with their Zeta program smart contract.

• Additional examples on Gitbook or Github
• The code on Github
• Release information on npmjs

More aboute Typescript SDK - here

- Program ABI

An Application Binary Interface (ABI) is a type of interface that serves as a link between two binary program modules. One of these modules is typically a library or an operating system facility, while the other is a program that is being executed by a user.

This is Zeta's cross-program integration ecosystem - fully open-sourced.

The accounts and relevant data that is currently supported (non-exhaustive):

• State - contains global parameters relating to all markets

Fee percentages
Admin pubkeys
Platform limits
Halt state

• Pricing - global mark prices, pricing params and funding information

Mark Prices
Funding rates
Perp and margin params

• CrossMarginAccount - individual user margin accounts

Balance
Positions
Orders

For a more detailed view please refer to the Github Repository.

Bridge

Bridging within the world of cryptocurrency refers to the process of enabling the transfer of assets between different blockchain networks. This is an important aspect of the blockchain ecosystem as it aims to enhance interoperability, enabling the seamless transfer of data and assets across various networks.

Bridge from (almost) any exchange or chain to Solana

From Exchanges:

1. OKX
2. Kucoin
3. Binance

1. Coinbase

From Other Chains:

1. BSC
2. Ethereum
3. Polygon

• Compatible Wallets

There are a large number of established wallets on Solana that you can use to interact with Zeta: https://docs.zeta.markets/bridging-to-solana/compatible-wallets

1. Phantom
2. Backpack
3. Solflare
4. Torus
5. WalletConnect
6. Clover
7. Coin98
8. Sentre
9. Brave
10. Nightly
11. Ledger

Mentions

‘Solana ascent to a top 3 blockchain by market cap seems inevitable,’ says Zeta Markets’ CEO - https://cryptobriefing.com/solana-ascent-to-a-top-3-blockchain-inevitable/

Solana Experience Booming Activities As Expert Predicts More “Magical Moments” - https://www.crypto-news-flash.com/solana-positioned-as-the-ethereum-of-the-last-cycle-raoul-pal-suggests-as-sol-climbs-11/

Solana’s recent good news is a tech ‘validation,’ says Jupiter’s Ben Chow - https://blockworks.co/news/lightspeed-solana-zeta-markets

Zeta has been audited by Kudelski - https://github.com/zetamarkets/audits/blob/master/kudelski-08-07-22/PUBLIC_RELEASE_Zeta_Markets_Zeta_Markets_Digital_Assessment.pdf

Solana Positioned as the ‘Ethereum of the Last Cycle,’ Raoul Pal Suggests as SOL Climbs 11% - https://www.crypto-news-flash.com/solana-positioned-as-the-ethereum-of-the-last-cycle-raoul-pal-suggests-as-sol-climbs-11/

External Links

• https://www.zeta.markets/
• https://twitter.com/ZetaMarkets
• Zeta ^{join on Discord}

• https://www.linkedin.com/in/tfrizza/?originalSubdomain=sg
• Zetamarkets on GitHub