Thread by @ZetaMarkets

1) Today, we are thrilled to announce Zeta’s official partnership with @projectserum🔥We’ve joined forces with the project at the absolute forefront of DeFi development to bring fast, liquid derivatives to the Solana ecosystem.
Thread below ⬇️

2) When Zeta was deciding which chain to implement its vision for fast, decentralized, capital-efficient derivatives – we landed on Solana due to speed, efficiency, and a first-class orderbook primitive called Serum.

3) Serum is a world-class project on Solana. The team has delivered the Anchor framework, swap primitives, and best of all – Serum has pioneered a first-class on-chain orderbook.
Zeta is looking to extend this, and create the world's first on-chain orderbook-based derivative DEX

4) Price discovery for Zeta’s futures and options occurs on Serums orderbook – a primitive which supports all financial markets.
At Zeta, we believe in providing a system for takers, makers and stakers to all contribute to the liquidity flywheel – that vision is enabled by Serum

5) We think this is doubly important in futures and options markets. Precision matters, especially when contract prices are changing by multiples on every block slot. Sophisticated traders will be able to set the exact prices and quantities they can trade at, for each option.

6) Zeta’s unique hybrid liquidity model fills Serum’s orderbook with quotes from Zeta’s unique options market maker (OMM). Being accessible for institutions and individuals alike, Zeta is democratizing options and futures for all.

7)This is how Serum’s orderbook technology powers Zeta’s vision for a truly decentralized, yet still functionally performant derivatives ecosystem. Zeta combines capital efficiency, deep liquidity and sub-second response times, providing an entire suite of futures/options for all

8) Zeta is proud to announce a full commitment to using Serum’s orderbook for its futures and options products, and a strategic partnership to extend in future. Exotic options, institutional offerings, and a full service CeFi-like options experience on DeFi are all in the works.

9) For more information on Zeta and Serum, check out our Twitter spaces here!


You can find more information on Zeta’s use of the Serum orderbook on our Gitbook as well (link in bio!)

#ZetaMarkets #ProjectSerum #solana #DeFi