Bullet Profile picture
Mar 12 10 tweets 3 min read Read on X
1/

Zeta started the mission to move global markets on-chain, Bullet is built to complete it.

Bullet testnet is live. Image
2/

- Built for traders who demand scale, speed & performance
- 2ms latency (faster than Binance, 100x faster than Hyperliquid)
- A custom execution layer for high-frequency trading
3/

Zeta was one of the pioneers when it came to CLOB DEXs and over our lifetime of $15bn volume, we’ve learned:

400ms block times = too slow for MMs
Network congestion = unreliable trading
Toxic MEV flow = no real market efficiency
4/

Bullet, @solana’s first Network Extension for trading, fixes this. Image
5/

Bullet is a dedicated layer for trading on @solana.

- Real time transactions and trade execution
- Trading primitives built into the network
- Zero-knowledge proofs for transparency and verifiability
- Settlement and security backed by SolanaImage
6/

It is ultra-performant to ensure you never miss a trade.

- Existing Solana DEXs: 400ms execution
- Hyperliquid: 200ms execution
- Binance: 20ms execution
- Bullet: 2ms execution

No more choosing between speed and decentralization. Bullet is the best of both. Image
7/

This evolution of Zeta into Bullet, a network built for trading, presents the ultimate solution capable of bringing financial markets on-chain.

It’s more performant than CEXs while remaining verifiable transparent on the @Solana L1.
8/

As we evolve into Bullet the token will also evolve into a network token used for gas and node operations.

Rest assured the whole ZEX community will get a 1:1 migration into Bullet after mainnet launches.
9/

More to come:

- The Bullet Trading Cup with $100K in rewards.
- Mainnet launching soon.
- The fastest, most scalable perps platform is being built now. Image

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More from @bulletxyz_

Apr 9, 2024
We’re proud to introduce $Z - the future of decentralized trading.

$Z powers the governance and protocol growth of Zeta Markets, @solana's fastest perpetuals exchange, which has facilitated +$4B in trading volume serving 71.6k monthly active users.

Coming soon. 🧵 Image
1/ The Zeta Vision

Perps are a multi-trillion dollar market and the derivative of choice for crypto traders. As the shift from CeFi to DeFi accelerates, and Solana emerges as the #1 chain for DEX volume, Zeta is set to become the next key player in the crypto trading space. Image
2/ Supply & Initial Distribution

Token Ticker: $Z
Total Supply: 1,000,000,000
Initial Distribution: 10% airdrop of $Z to reward Zeta users and strategic communities on Solana
Read 8 tweets
Mar 10, 2023
1/ What is gamma scalping? Image
2/ Let's start with a gamma refresher before diving in ⤵️
3/ And because gamma describes the rate of change of an option's delta, a little delta refresher won't hurt either ⤵️
Read 20 tweets
Jan 27, 2023
What is Cumulative Volume Delta (CVD)?

CVD shows us the cumulative changes in volume traded by aggressive buyers and sellers, respectively, in a given market, over a specified time period.

Aggressive buyers and sellers are defined as those executing market orders.
CVD is often employed by order flow traders seeking to confirm the direction of price movement.

A negative CVD describes a trading period dominated by aggressive sellers, while a positive CVD describes a trading period dominated by aggressive buyers.
CVD sheds light on behavioral patterns being exhibited by buyers and sellers, but it does have its limitations.

It excludes limit orders.

Consequently, it should be viewed as a useful tool — not gospel.
Read 4 tweets
Dec 17, 2022
1/ Zeta DEX Rewards are LIVE 👀

As trading on Zeta resumes, we are thrilled to present our plans to bolster liquidity and solidify our position as the epicenter of derivatives trading on Solana. Image
2/ Our market maker program is designed to incentivize traders of all sizes and serve as a magnet for the top LPs in the ecosystem.

On top of a 3bps rebate, a weekly cash bonus pool ($4,500 USDC) is available to the top makers in our dated futures and perpetuals markets.
3/ If you are interested in getting set up, Zeta offers an end-to-end onboarding experience with 24/7 coverage.

Slide into our DMs or reach out to us on Discord to learn more.
docs.zeta.markets/zeta-protocol/…
Read 8 tweets
Dec 16, 2022
Zeta is officially back!

👉 dex.zeta.markets

Solana DeFi is very much alive, anon
We're back exclusively with Perps trading on $BTC, $ETH & $SOL.

Options back SoonTM 🫡
Liquidity will ramp up over the coming days & weeks.

Sources say we have something big planned here? Hm stay tuned... 👀
Read 6 tweets
Oct 11, 2022
1/ What are ratio back spreads and what can they do for you? 🧵⤵️

A ratio back spread is a long vol options strategy with an alluring risk-reward profile.

The strategy involves selling and buying options (of the same class) with the same expiry at ratios such as 1:2 or 2:3.
2/ The strike price of the long options is further out-of-the-money (OTM) than the strike price of the short options.

Key benefits of the strategy include:

– Unlimited profit

– Defined risk

– Bidirectional profit potential (if established for a net credit)

– Low-cost entry
3/ Whether or not the strategy is opened for a net debit or credit depends on various entry parameters, including:

– Spread width

– Days to expiration (DTE)

– Volatility skew

– Ratio of short to long options (i.e., 1:2 or 2:3)
Read 22 tweets

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