Zeno Exchange 🏛️
@ZenoExchange
Followers
3,473
Following
12
Media
24
Statuses
129
Premier Decentralized Perpetual Exchange With Cross-Margin, Multi-Asset Collateral, and Gasless Trading on @MetisL2 👀
Metis Andromeda 🌿
Joined February 2024
Don't wanna be here?
Send us removal request.
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Sages 🏦, we're excited to announce the next phase of launch: a $METIS incentives program for our users, offering over 4,000 $METIS in rewards! 🤯
Starting this Thursday, these incentives will be available to our traders and LPs for the next 8 weeks 💸
More details below 🧵
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Congratulations to our sister project,
@HMXorg
, on achieving $670M in daily volume all WITHOUT any grant incentives from Arbitrum 🤯
Now, imagine
@ZenoExchange
leveraging $HMX's tech with official support and 20,000 $METIS grant from
@MetisL2
👀
Public Open Beta coming soon 🔜
In the past 24 hours,
@HMXorg
has processed over $670M in Trading Volume 🤯
According to
@DefiLlama
, $HMX ranks as the 4th largest perpetual DEX GLOBALLY based on 24-hour volume 🌎
Limitless trading, Limitless Potential 🚀
Trade Limitless 📈:
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Sages, we are proud to announce the launch of our Public Open Beta tomorrow 14th, March 2024, 10AM UTC 🚀
Airdrop awaits the Public Open Beta testers 👀
A 🧵 on
@ZenoExchange
's Public Open Beta & how you can participate to maximize airdrop 🪂
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Sages 🏛️, the Public Open Beta of
@ZenoExchange
is now LIVE 🟢
Experience the most complete decentralized derivatives trading platform on
@MetisL2
here 🌿
Join us and seize the opportunity to earn exclusive airdrop rewards 🪂
Trade Infinite ♾️:
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Sages 🏛️, as
@MetisL2
goes through the Decentralized Sequencer upgrade, our Public Open Beta, originally scheduled to go live today at 10AM UTC, will be slightly delayed
Once the upgrade is complete, the deployment of
@ZenoExchange
begins
Stay tuned for further announcement 👀
The Decentralized Sequencer upgrade has begun.
Throughout this upgrade, network operations on
#Metis
Mainnet will be suspended.
After its completion, Metis will reborn from the ashes stronger than ever before.
🔜Enhanced Security
🔜Enhanved Liveness
🔜Revenue Sharing
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Sages 🏛️, as
@MetisL2
undergoes upgrades, we'll be rescheduling our Public Open Beta to Monday, 18th of March 🌿
Stay tuned for the launch of the most comprehensive decentralized leveraged trading platform on $Metis 👀
Join our community groups below:
Sages, we are proud to announce the launch of our Public Open Beta tomorrow 14th, March 2024, 10AM UTC 🚀
Airdrop awaits the Public Open Beta testers 👀
A 🧵 on
@ZenoExchange
's Public Open Beta & how you can participate to maximize airdrop 🪂
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We are proud to announce the launch of
@ZenoExchange
, the premier decentralized perpetual protocol on
@MetisL2
! 🏛️ 🌿
Today, we'll dive into what Zeno is, the motivation behind Zeno, and what you can expect from Zeno in the upcoming weeks.
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Sages 🏛️, the launch of
@ZenoExchange
's Public Open Beta is coming sooner than you think...
If you're reading this now, you're very early... 👀
Be prepared 🔽:
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Sages 🏛️, as
@MetisL2
gears up for significant upgrades, we have decided to postpone the Public Open Beta 🙇🏻♂️.
This decision is driven by several factors:
🔹 Decentralized sequencers are upgrading with CEX support, enabling more efficient LP pool capital deployment and easier
Sages, we are proud to announce the launch of our Public Open Beta tomorrow 14th, March 2024, 10AM UTC 🚀
Airdrop awaits the Public Open Beta testers 👀
A 🧵 on
@ZenoExchange
's Public Open Beta & how you can participate to maximize airdrop 🪂
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Sages 🏛️, we've released our Docs for
@ZenoExchange
- have you got a chance to check it out? 🤔
We'll soon be releasing a quiz that will reward you with Zealy points upon completion , so be sure to get your knowledge on Zeno up to speed!
Visit our Docs:
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Sages 🏛️, have you tried out our leveraged trading feature, and what do you like the most about it? 🤔
Pick your most favorite feature & let us know why in the comment section below 🔽
Cross-margin Collateral ⚖
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Multi-asset Collateral 🪙
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3 Asset Classes 💱
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Others (Comment) 🗣️
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Happy Bitcoin Halving, Sages! 🏛️
Don't forget that you can trade $BTC on
@MetisL2
at
@ZenoExchange
🚀
Trade Infinite 📈:
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Congratulations to the winners of the giveaway campaign! 🎉🎊🥳
Don't forget to send a DM to
@HMXorg
to claim your prize 🎁
Congratulations, everyone!
You have been selected as one of the winners of this giveaway. Expect a DM soon from
@HMXorg
🥳
@m_amarudinn
@EJaculan
@_zenonian
@Smart_Rawlings
@Jace_Kitten
@psiddarth35
@YDFbull
@ZasChris62
@tobiikiki
@levdegen
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Sages 🏛️, we are bringing the best & most comprehensive leveraged trading feature to
@MetisL2
!
With a UX that rivals a CEX, let's dive in
@ZenoExchange
's leveraged trading feature & explore how our technology is the best of the best
A thread 🧵
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It's official, Sages! 🏛️
A meme contest is coming your way 🤪
Stay tuned for our upcoming announcement 📢
Sages 🏛️, what community events should we hold for all of you? 🤔
Share with us your thoughts below! 👇
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Sages 🏛️, since Bitcoin halving, $BTC has been on an uptrend 📈
Where do you think we'll see the price of $BTC by the end of 2024? 🤔
>$100,000 🚀
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70,000 - 100,000 🥳
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50,000 - 70,000 😅
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<50,000 😰
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Sages 🏛️, picture yourself trading on
@ZenoExchange
and earning $METIS... 🤔
🏛️ 🤝 🌿
More details coming soon 🔜
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@ZenoExchange
is proud to be a recipient of $METIS grant of up to 20,000 $METIS 🌿
The best part? 🤔
We will be deploying the grant on Zeno, enabling traders and ZLP depositors to earn $METIS through Zeno.
Stay tuned for more details 🫡
The Metis Ecosystem Development Fund (MetisEDF) Fuels the Growth and Innovation of Our Ecosystem! ⛽💧
➡️ Grants for New Project Deployments
➡️ Product Development for Existing dApps
➡️ Builder Mining Rewards
➡️ Sequencer Mining
➡️ And More
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Sages 🏛️, what community events should we hold for all of you? 🤔
Share with us your thoughts below! 👇
Meme Content 😬
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Art Contest 👨🏻🎨
4
Thread Contest ✍🏻
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Others (Comment) 💬
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First layer 2 to run a decentralized sequencer, with revenue sharing mechanism 🤯
Don't fade
@MetisL2
and its ecosystem protocols 🌿
𝗗𝗶𝗱 𝗬𝗼𝘂 𝗞𝗻𝗼𝘄?
#Metis
is the first Layer 2 to run a decentralized sequencer!
This achieves full
#decentralization
in L2 networks, eliminates single points of failure, & properly aligns incentives across all network participants.
Learn more ⬇️
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Sages 🏛️, we know you've been eagerly waiting for this one! 🌿
📢 Listing Announcement:
$METIS/USD (
@MetisL2
) is now live on
@ZenoExchange
Trade $METIS directly onchain at Zeno Exchange
Trade Infinite ♾:
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Our friends at
@TheHerculesDEX
have provided us with 10 WL for $TORCH allocation ($500/Allocation) 🔦
We'll soon be giving away of the WL to our community 👀
This is just one of the perks of participating in our Zealy campaigns - Get ready, Sages! 🏛️
Ahem.
Herc is being noticed.
Are you farming your $TORCH WL Allocation, anon?
Are you reaping the tasty xMetis APRs?
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Sages 🏛️, do you know what $ZLP is? 🤔
Tomorrow, we'll introduce to you what will be one of the biggest earning opportunities for LPs on
@MetisL2
🌿
Don't fade
@ZenoExchange
😎
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Just imagine when more funds flow from
@binance
into
@MetisL2
🤯
Sages 🏛️, prepare yourselves for a ride to the top with
@ZenoExchange
🚀
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Sages 🏛️, we're excited to announce that we've lifted the Open Interest (OI) Limit on
@ZenoExchange
! 🚀
Now, all markets on Zeno have an OI limit of 50,000 on both the long and short sides 📈
Trade Infinite ♾️:
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Sages 🏛️, we're enthused to introduce to you our market making vault, $ZLP! 💸
The $ZLP earns 50% of the protocol revenue in m.USDC and accrues profits/losses from countertrading traders at
@ZenoExchange
📈
For more information, please visit 🔽:
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Cryptocurrency and
#DeFi
are not revolutionizing the world! 🌎
Embracing fiat and inflation will lead to financial freedom! 🫡
Wishing everyone a Happy April Fool's Day, Sages! 😛
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Sages 🏛️, join us on Discord now for a chance to win 10 WL for $TORCH (
@TheHerculesDEX
) allocation ($500 m.USDC per WL)! 🫡
If you haven't already, don't forget to register for the giveaway 🎁
More details in our announcement channel 📢:
Our friends at
@TheHerculesDEX
have provided us with 10 WL for $TORCH allocation ($500/Allocation) 🔦
We'll soon be giving away of the WL to our community 👀
This is just one of the perks of participating in our Zealy campaigns - Get ready, Sages! 🏛️
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Sages 🏛️,
@MetisL2
is the place to be! 🌿
Find the guide on how to bridge assets to $METIS below ⬇️:
@ZenoExchange
awaits your arrival 🫡
Bridging to Metis made easy! 🌉 Dive into our step-by-step guide on seamlessly transferring assets.
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Peep
@ZenoExchange
👀
The most complete perpetual protocol on
@MetisL2
with cross-margin and multi-asset collateral support 🚀
DeFi Ecosystem on
@MetisL2
DEXs:
@TheHerculesDEX
,
@PopsicleFinance
,
@hummusdefi
&
@netswapofficial
.
Lending & CDPs:
@aave
,
@GranaryFinance
,
@ErisFi_
(soon), &
@StablisProtocol
(soon).
Liquid Staking:
@Artemisfinance
&
@ENKIProtocol
.
Aggregators: Yield -
@Athena_DeFi_
,
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@ZenoExchange
is proud to be a part of
@MetisL2
's Community Verified Project (
#MetisCVP
) 🫡
Soon, incentive program on $Zeno will go live 👀
Until then, be prepared, Sages! 🏛️
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Another channel for major inflows into
@MetisL2
has opened 🫡
@ZenoExchange
stays ready 💪🏻
You can bridge assets at scale over to
#Metis
seamlessly through
@StargateFinance
.
Stargate is an omni-chain bridge making cross-chain, native asset swaps a simple process. 🔁
📺 Learn more in our video:
🌉 Bridge assets:
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Sages 🏛️, we will be soon lifting the OI limit and the position size limit on Zeno, so you can start trading with larger size 👀
Who wants to trade $METIS (
@MetisL2
) on
@ZenoExchange
? 🙋
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We are proud to announce the launch of
@ZenoExchange
, the premier decentralized perpetual protocol on
@MetisL2
! 🏛️ 🌿
Today, we'll dive into what Zeno is, the motivation behind Zeno, and what you can expect from Zeno in the upcoming weeks.
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@MetisL2
Please note that, as we initially launched the Public Open Beta, we have placed a limit on the Open Interest
We will slowly increase the limit as the platform grows 📈
Thank you, Sages! 🏛️
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2️⃣ Beta Testers
2.1: Zealy campaign participants: Participate in Zealy quests to help bring awareness to the protocol & earn airdrop rewards.
The size of airdrop will be based on each user’s point vs. the total points from our Zealy campaigns
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During our Public Open Beta, the following features will be live:
🔹 Leveraged Trading (Cross-Margin & Multi-Collateral Support)
🔹 Market Making (ZLP Vault)
Participating in these features will earn you airdrop rewards once $ZENO token goes live
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@MetisL2
@TheHerculesDEX
@Artemisfinance
@ENKIProtocol
@LeagueTechSoFi
@eigenlayer
@RenzoProtocol
@DeFiKingdoms
🏛️ The Sages are ready 🫡
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The airdrop rewards will be distributed out to two groups of stakeholders:
1️⃣ $HMX Stakers
@HMXorg
$HMX stakers will be eligible to receive a share of retroactive airdrops
The distribution will extend to stakers of $HMX, $esHMX, & $DP to reward the most loyal holders.
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The total airdrop amount to participants will be determined by the total trading volume generated during the Public Open Beta.
2.5% of the total supply will be allocated if $1b in trading volume is achieved, while if $0 volume is achieved, 0.5% will be allocated.
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@HMXorg
@MetisL2
Tagging chads/big brains at
@MetisL2
👀
@josefabregab
@tomngodefi
@IrynaMetisFest
@defimonkeyy
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Special mechanics for Traders who stake $HMX 🐉
If you are a trader and plan to trade on Zeno Exchange to qualify for airdrop rewards, please note that staking HMX will grant you an additional 25% boost for the ZLC accrued during the Public Open Beta 🔥
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2.2 ZLP depositors: Deposit funds into ZLP to market make for traders on Zeno
The amount & duration of deposits will determine the airdrop amount each user will receive.
Higher deposit amounts and longer deposit durations result in increased airdrop rewards.
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Thank you, Sages, for your time and attention today. 🙇🏻
Don't forget that the Public Open Beta is now LIVE! 🟢
Deposit funds into ZLP, begin trading on Zeno, or engage in our Zealy campaigns to secure an allocation of airdrop rewards.
Start now 🔽:
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HMX 🐉 -
@HMXorg
By leveraging HMX technology, Zeno is allocating a portion of its governance token to HMX, fostering alignment between the interests and success of both protocols & communities. HMX holders can anticipate airdrops of ZENO tokens & additional staking benefits
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📊 On-chart Trading: Provide users with the capability to adjust Take Profit (TP) and Stop Loss (SL) prices effortlessly by clicking and dragging directly on the chart.
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Zeno's Collateral Management Model
Collateral management is one of the key differentiating features of Zeno, as we're the only pool-based perpetual DEX on
@MetisL2
that offers cross-margin while also allowing users to use multiple types of assets as collateral
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To further illustrate this mechanic, please check out the example calculation in the picture below.
For more information on the mechanics, please visit our Docs here:
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Why
@MetisL2
? 🌿
We will be working closely with the Metis team, with their full support on the following:
1️⃣ Grant support: 20,000 $METIS (~$2M+ at current market value) committed in grant to be used as community incentives to support the launch of Zeno
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Thank you, sages! 🏛️
If you have any questions, please do not hesitate to join our social groups and chat with our mods.
Let's make sure you are well prepared for what's to come by joining all of our social links:
See you soon!
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If you are reading this now, you are VERY early, as none of these campaigns have commenced. Specific details of each campaign and the launch event will be announced soon, so be sure to look out for the announcements.
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Product Features 🖥️
@ZenoExchange
leverages the technology of
@HMXorg
, a leading perpetual DEX on
@Arbitrum
, and will offer 3 core features:
🔸 Leveraged Trading (cross-margin, multi-asset collateral, gasless trading)
🔸 Spot Trading (0% price impact)
🔸 Market Making
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We've created community groups on both Telegram & Discord. While the chat will be disabled until the launch of our Public Open Beta, you can already join the groups to follow our latest updates.
Links:
Til next time, Sages ✌🏻
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What's next? 🤔
Our Public Open Beta is set to launch in mid-March. Stay tuned as we release a series of articles in the coming weeks, providing insights into other essential information.
Be sure to follow our social channels to stay updated.
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2.3 Traders: Traders will receive the majority of the airdrop.
The amount of Zeno Loyalty Credit (ZLC) accrued by each user throughout the entire period of the Public Open Beta, will determine their airdrop allocation.
The more ZLC accrued, the higher share of the airdrop.
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2️⃣ Tech Support: Zeno and Metis have been collaborating closely on the technical development.
3️⃣ Marketing Support: Metis will support Zeno' on marketing effort, enhancing Zeno’s visibility, utilizing public announcements and community events.
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Introducing Zeno 🏛️
@ZenoExchange
is a native Perpetual DEX on Metis, powered by
@HMXorg
technology. With
@MetisL2
poised to grow its TVL and users with the upcoming launch of decentralized sequencer, the timing couldn’t be better for the introduction of Zeno.
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How do I participate in Zeno? 🧙🏻♂️
There will be ample opportunities for the community to participate in the upcoming launch of Zeno, including:
🔸 Beta Testing
🔸 Zealy Campaigns
🔸 Token Generation Event
🔸 Trading on Zeno
🔸 Referral Program
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Our Supporters 🙇🏻♂️
Metis Foundation -
@Metis
🌿
We express our gratitude to the Metis Foundation for their support in providing a grant and seed round investment for Zeno. The grant will be instrumental in kickstarting platform activities and facilitating rewards.
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🔻 Low Fees:
Not only does Zeno's transaction execution speed rivals that of CEX, it also offers the lowest trading fees in the market.
The fee for each asset class is shown below:
🔹 0.02% for $BTC & $ETH
🔹 0.03% for other crypto
🔹 0.01% for FX
🔹 0.05% for commodities
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⚖️ Cross-Margin Collateral
This feature enables traders to utilize margin balances across various positions, facilitating a holistic portfolio management approach that is more efficient & convenient.
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🌟Multi-asset Collateral
At Zeno, users can use both volatile and stable assets as collateral to trade:
🔹 Users not required to convert their holdings into specific assets to start trading
🔹 Users can execute strategies such as carry trade strategy or max long strategy
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Below is the conversion rate between $1 of trading volume to ZLC.
$BTC & $ETH: 2 $ZLC for every $1 traded
FX: 1 $ZLC for every $1 traded
Other crypto: 3 $ZLC for every $1 traded
Commodities: 5 $ZLC for every $1 traded
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Below are the conditions:
🔹 1 staked $HMX will have the capacity to boost up to 100,000 ZLC
🔹 Your final balance to boost the ZLC will be based on your daily average staking balance of $HMX (excluding esHMX or DP) on Arbitrum through out the Public Open Beta
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As part of the risk management framework, Zeno will assign LTV to each collateral asset to determine the account’s borrowing power, which determines the liquidation threshold for that account.
Below is the list of supported collateral on Zeno here:
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4️⃣ Network Support: Zeno will tap into Metis’ network of support to maximize the potential of success of the protocol. This includes connection with LPs, market makers, investors, KOLs, and protocols building within the Metis ecosystem.
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💱 Support for 3 Asset Classes:
Zeno supports 3 asset classes: crypto, FX, and commodities, creating the most comprehensive decentralized derivatives trading platform.
For a complete list of our supported markets, please visit:
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🐍 Python SDK API: Empower traders to utilize Zeno as their preferred platform for automated and algorithmic trading, thereby boosting the overall trading volume on the platform.
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🖱️ Account Abstraction (1-click Trading): Simplify the trading process by enabling one-click trading through account abstraction, providing a user experience similar to a CEX.
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⛽️ Gasless Trading & Order Management: Execute trades and manage orders on Zeno effortlessly through an intent-based architecture without the need for funding wallets with gas.
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🖥️ Other Key Features:
In addition to the features mentioned above, Zeno offers various other enhancements that elevate the trading experience on the platform, making it the most seamless and user-centric decentralized leveraged trading platform:
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⚖️ Velocity-based Funding Fee: Introduce an incentive mechanism to maintain a balance between long and short OI, thereby minimizing the risk of capital loss for LPs. Users can also employ carry-trade strategies to profit from funding fees while maintaining delta neutrality.
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👥 Subaccount Support: Trade using different sub accounts under the same wallet address, creating a better user-experience and convenience for position risk management. This feature also allows traders to use isolated-margin for trading.
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📲 Progressive Web App: Develop a mobile application that offers users an app-like trading experience, closely resembling that of a Centralized Exchange (CEX) application while retaining the advantages of decentralization.
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