Product Deep-dive #1: Zeno’s State-of-the-Art Leveraged Trading Feature
Sages,
As we approach the imminent launch of Zeno on Metis, we are excited to provide you with a preview of our core products, features, and other key information about the protocol, so you are well-informed and prepared for the upcoming launch campaigns.
Today, we are thrilled to introduce our state-of-the-art leveraged trading feature, highlighting our unique collateral management model, low fees, and other key features that will propel Zeno to the forefront of decentralized leveraged trading on Metis.
📈 Zeno's Collateral Management Model
Collateral management is one of the key differentiating features of Zeno. Specifically, Zeno is the only pool-based decentralized perpetual protocol on Metis that offers cross-margin while also allowing users to use multiple types of assets as collateral:
⚖️ Cross-margin Collateral
Zeno offers cross-margin collateral management, which allows for the sharing of margin balances across multiple positions. With this feature, traders will be able to manage their portfolio holistically in a much more efficient and convenient manner. Capital efficiency will be enhanced, improving the flexibility through the reduction of margin requirements.
The cross-margin collateral support allows Zeno to offer the experience of using a centralized protocol without sacrificing on the security benefits of decentralization.
If users still wish to use an isolated margin (e.g., for risk management), they can still do so by utilizing the sub-account feature.
🌟Multi-asset Collateral Support
Zeno accepts many crypto assets as collateral for traders, providing two key benefits:
- Users do not have to convert their holdings into specific assets to start trading
- Users can effectively execute many strategies such as carry trade strategy or max long strategy (e.g., use ETH as collateral to long ETH) entirely on Zeno
As part of the risk management framework, Zeno will assign LTV (loan-to-value) to each collateral asset, which will determine the account’s borrowing power. The borrowing power will then function as the variable that determines the liquidation threshold and the health of the account against all open positions under that account.
For a complete list of our support collateral, please visit here.
💱 Support for 3 Asset Classes:
Zeno currently offers trading of three asset classes: cryptocurrencies, FX, and commodities, creating the most comprehensive decentralized derivatives trading platform.
For a complete list of our supported markets, please visit here.
🔻 Low Fees:
Zeno offers one of the lowest trading fees in the market. In terms of trading fees, Zeno charges the following based on each asset class:
For more information on fees, please visit our Docs here.
🖥️ 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. Some of these features include:
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.
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.
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.
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.
Velocity-based Funding Fee: Introduce an incentive mechanism to maintain a balance between long and short Open Interest (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.
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.
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.
What’s Next? 🤔
We will soon release another article as part of the series of article to introduce Zeno to the Metis community. The next article will focus on our next two core-products: Market Making through ZLP vault and our 0% price impact Swap feature. Please stay tuned for more information.
