What is Zeta Markets?
Zeta Markets is an advanced decentralized derivate exchange on the Solana blockchain that provides users with effective tools to manage risk in the volatile crypto market.
Launched in 2021, it aims to be the premier decentralized derivatives exchange (DEX) in the world. Zeta combines the efficiency and user-friendly experience of centralized exchanges with the benefits of decentralization, such as full self-custody and transparency, by operating on the Solana blockchain network.
The platform also offers institutional liquidity through SDK/CPI program integrations and engages users with gamified elements like leaderboards and trading rewards.
Key Features of Zeta Markets
- Security: On Zeta.markets, users have full self-custody of their assets, and trading is margined in USDC, ensuring a secure trading environment.
- Capital Efficiency: This Solana dex offers up to 20x leverage with cross margin, allowing for more efficient use of capital.
- Decentralized Price Discovery: Zeta Markets features a fully on-chain limit order book (CLOB), facilitating price discovery without the need for centralization.
- Institutional Liquidity: The platform provides programmatic connectivity to its smart contract through SDK/CPI programs, catering to Market Makers and facilitating various integrations, thereby ensuring robust liquidity.
- Gamification Elements: To enhance user engagement, Zeta Markets includes features like a leaderboard, referral programs, and trading rewards.
- Zeta Markets offers perpetual swaps trading on a variety of popular cryptocurrencies including SOL-Perps, BTC-Perps, ETH-Perps, APT-Perps, ARB-Perps, BNB-Perps, PYTH-Perps, TIA-Perps and JTO-Perps.
Competitors of Zeta.markets
Its mission is to deliver a seamless and transparent trading experience on a decentralized platform, blending the best aspects of both centralized and decentralized worlds.
Why do I think Zeta Markets will have an Airdrop soon?
- Zeta Markets is backed by top crypto investors like Jump Protocol.
- The derivative volume of Zeta Markets is growing, reaching 40 million per day.
- Zeta Market is a decentralized derivative exchange on the most rising blockchain – Solana
- Most of the Zeta competitors airdropped tokens to their users, and are successful trading platforms already.
Zeta Markets Airdrop Guide: How to be eligible for $Zeta Airdrop?
Since Zeta Markets is a perpetual trading platform, you will need to trade on this platform to be eligible for the upcoming $Zeta airdrop.
Zeta Markets has already announced there will be multiple airdrop seasons. This guide will prepare you for the Zeta airdrop – Season 1.
So, let’s begin.
- A Solana compatible wallet: Example – Phantom
- SOL to cover the gas fee on the Phantom wallet.
Steps for Upcoming $Zeta Airdrop
- Trade on Zeta.markets platform.
- Try to increase the trading volume on Zeta.markets. Basically, instead of using a centralized exchange, or other perpetual trading platforms like DYDX, start using Zeta.markets. The more you trade, the more trading volume you will gain. And if you are good at trading, you will have more winning rates. The better you trade, the higher multiple will be assigned and you will eventually earn more Z score. More on that, in the next para.
Zeta.Markets raised 8.5M USD in strategic rounds from top investors like Jump Capital, Race Capital, Amber Group, Solana Capital, Alameda Research, Skyvision Capital, and more.
What is Z Score and why should you care?
Zeta.Markets announced the introduction Z-score for traders. The more Z points you have, you may be eligible for a higher airdrop in the future.
The Z-Score is a unique feature introduced as part of the Zeta platform, designed to reward its users. It acts as a key element in the distribution of the platform’s upcoming token. Essentially, your Z-Score is determined by your trading activity on Zeta; the more you trade, the higher your score. A higher Z-Score translates into better rewards.
In the first season of this program, the rules are straightforward: your trading volume directly increases your Z-Score. For every $1 in taker volume, your Z-Score increases by 1. Furthermore, exceptional trading performance is also recognized. Traders who top the leaderboard in profit and loss (PnL) gain a multiplier on their volume traded in the last 24 hours. This multiplier ranges from 1.01 to 2.00, enhancing the Z-Score of top traders.
Moreover, there are additional opportunities to boost your Z-Score through Bonus Weeks and Zeta Cards. These can offer up to a 6x increase in your score, factoring in various multipliers and bonuses.
The intent behind the Z-Score is to ensure that the platform’s token is distributed fairly among its most active and skilled users. It’s a move to support sustainable scalability and genuine decentralization, aligning with the ethos of the Zeta platform. It’s important to note that any attempt to manipulate the system, such as wash trading, will lead to a reset of the Z-Score to zero.
The Z-Score is a system designed to reward active and skilled traders on the Zeta platform, playing a crucial role in the equitable distribution of the upcoming Zeta token.
- Z-Score System: A measure of trading activity on Zeta, with higher scores leading to better rewards.
- Trading Volume and Performance: Z-Score increases with trading volume; top performers on the PnL leaderboard receive score multipliers.
- Additional Boosts: Opportunities for score enhancement through Bonus Weeks and Zeta Cards, offering up to a 6x increase.
- Fair Token Distribution: Aimed at ensuring the Zeta token is earned by active and skilled platform users, discouraging manipulative practices like wash trading.
How to earn more Z Score? Explain with an Example
Earning a higher Z-Score on the Zeta platform involves a combination of trading volume and trading performance.
Here’s how you can increase your Z-Score, illustrated with an example:
- Increase Trading Volume: Your Z-Score is directly proportional to your trading volume. For every $1 in taker volume, you get 1 point added to your Z-Score.
- Trade Effectively for Higher PnL: Your position on the profit and loss (PnL) leaderboard impacts your Z-Score. The higher your rank on this leaderboard, the larger the multiplier applied to your Z-Score.
- Participate in Bonus Weeks and Zeta Cards Events: Engaging in NFT partner weeks or bonus weeks on specific assets can significantly boost your Z-Score, sometimes up to a 6x increase.
- Suppose Trader A and Trader B both trade on Zeta.
- Trader A has a 24-hour trading volume of $15,000 and is ranked 1st on the PnL leaderboard. Trader B trades $25,000 in the same period but is ranked 98th on the PnL leaderboard.
- Trader A’s base Z-Score is 15,000 (equal to the trading volume). With a 2.00 multiplier (being 1st on the leaderboard), their adjusted Z-Score for the day becomes 30,000.
- Trader B’s base Z-Score is 25,000. With a 1.03 multiplier (for the 98th position), their adjusted Z-Score for the day is 25,750.
- In this scenario, even though Trader B traded more, Trader A earns a higher Z-Score due to better PnL performance and thus ranks higher.
This example demonstrates that while trading volume is important, effective trading that results in a higher PnL ranking can significantly amplify your Z-Score.
$ZETA Airdrop Warning
The official announcement for the Zeta token airdrop hasn’t been made yet, but there are indications from the team that it might happen. To be in the running for this airdrop, it’s crucial not to engage in excessive trading with high leverage, as it could lead to significant capital loss. Protecting your portfolio should be a priority.
Additionally, be wary of any fraudulent links. Always access the platform directly through zeta.markets, avoiding any suspicious or “safe” links that might be misleading.
The Zeta airdrop is recommended for those who trade perpetual contracts. If you have proficiency in trading, it’s worth exploring the platform, and by adhering to the provided guide, you can qualify for the Zeta airdrop. For those who are beginners in perpetual trading, it’s advisable to first acquire knowledge about perpetual trading and start by trading with smaller sums. To take part in the forthcoming Zeta airdrop, you can sign up using the link provided below.