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Zaros Joins Cointelegraph Accelerator to Address DeFi Liquidity Challenges

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#DeFi
Cointelegraph
822Words
May 28, 2024

Zaros, a perpetual decentralized exchange (DEX) powered by restaking vaults for Arbitrum and Monad, has joined the Cointelegraph Accelerator program. This marks Zaros as the first EVM-compatible perpetual DEX to participate in the program. The platform aims to solve liquidity issues in the DeFi space by offering deep liquidity across various markets and employing innovative solutions like eClusters system and smart funding algorithm. Zaros also enhances user experience through features like account abstraction, social login, and one-click trading, while leveraging Chainlink’s data streams for high-frequency trading and interoperability. Additionally, Zaros addresses challenges faced by liquidity providers (LPs) by offering 70% of trading fees to LP vaults in Ether and utilizing USDZ, an overcollateralized stablecoin, to maintain delta-neutral positions and unlock additional yield layers for LPs. Zaros envisions a future where decentralized derivatives significantly penetrate centralized finance and traditional finance audiences, aiming for greater adoption and integration of DeFi in mainstream financial markets.

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