Paradigm Community Update #16 — “Zaidan‘s War Chest” 0x Staking Pool, Zaidan v2, Zaidan Dealer public API Spec
Zaidan’s War Chest: a ZRX staking pool
As part of version 3 of the 0x protocol, 0x introduced liquidity incentives for market makers via a protocol fee that can be re-claimed by market makers and delegators who stake ZRX. After migrating our Zaidan (v1) system to use 0x v3.0, we created one of the first mainnet ZRX staking pools — dubbed “Zaidan’s War Chest”. Today, 0x launched their staking interface which allows users to delegate their ZRX to Zaidan’s War Chest and other staking pools with a single click. If you’re interested in earning rewards on your ZRX tokens come delegate to our pool (pool ID 6) through the UI here or by following this guide. Stay tuned for more information about “Zaidan’s War Chest”.
Update on Zaidan v2 progress
The primarily-golang Zaidan v2 implementation, which we began working on in early December, has started to take shape. At this point, we have created brand new implementations in Go of our hot-wallet server, the dealer public API server, the exchange order book manager, and an Ethereum transaction watcher. Additionally, we are making progress on new python pricing and risk-management modules as we continue to improve all of the individual services. Over the coming weeks, our focus will shift to integrating the components, completing the implementation of the public API, testing, fixing bugs, and making performance enhancements where possible. We will continue to post updates on the system’s progress, and expect to on-board users to the new version sometime in early February.
Zaidan Dealer public API specification update
In our previous development update, we announced the publication of an initial draft of our upcoming Zaidan Dealer JSONRPC specification. This public API specification is an important step for the Zaidan project, as we begin to formalize the 0x-based request-for-quotation (RFQ) dealer model we introduced in November. Over the past several weeks, we have been continually improving and enhancing the specification with input from the 0x team. Over the coming weeks, we intend to “freeze” the spec and mark it as v1.0-beta to indicate it approaching its final form. As we continue to implement our version of the Dealer JSONRPC (Zaidan v2), we hope to demonstrate the efficacy of the model, and eventually encourage more market makers to create their own implementations. We eventually intend to provide a suite of tools to make this process much easier than building an implementation from scratch.
For a more in-depth look at this month’s development updates, check out our post here.
Upcoming releases
Over the coming weeks we will be updating our current set of portals. This update includes the release of a public WETH wrapping and unwrapping tool which will be launched as a stand-alone tool for the broader DeFi community. If you’d like to be an early tester and get a sneak peak of what we’re working on, then feel free to reach out via any of our social channels
Paradigm Market Socials
We have renamed, or in some cases migrated to new social media accounts to reflect our new organizational focus. Here’s a list of all the places where you can find us:
