Zeta Markets is a decentralized exchange for futures and options built on the Solana blockchain, utilizing a central limit order book to provide superior liquidity and pricing compared to automated market makers. The platform enables users to trade with up to 10x leverage while maintaining full custody of their assets through smart contract technology, addressing the need for fast, secure, and efficient trading in the DeFi space.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Decentralized exchanges (DEXs) often suffer from fragmented liquidity and pricing inefficiencies compared to centralized exchanges (CEXs). Users may also face counterparty risks and a lack of control over their assets when trading on centralized platforms.
Solution
Zeta Markets, now evolving into Bullet, addresses these issues by providing a decentralized exchange for perpetual futures built on Solana. It utilizes a central limit order book (CLOB) to aggregate liquidity and offer pricing competitive with CEXs. The platform allows users to trade with up to 10x leverage while maintaining self-custody of their assets through smart contracts. Built on Bullet, Solana’s network extension, the platform offers ultra-fast and reliable trading.
Target Audience
The primary target audience includes cryptocurrency traders and DeFi users seeking a fast, secure, and capital-efficient platform for trading perpetual futures with leverage.
Features
- Central limit order book (CLOB) for efficient price discovery and deep liquidity
- Up to 10x leverage on perpetual futures trading
- Full self-custody of assets via smart contracts
- Built on Solana for high transaction speeds and low fees
- Universal margin engine for capital efficiency across all markets
- Real-time risk engine and liquidations powered by Pyth network
- $BULLET token for gas fees, node operations, and staking