Solana

DeFi

<div class="coinjournal">
 <ul>
  <li>Zeta Markets is among the top decentralized exchanges built on Solana.</li>
  <li>Zeta Markets plans to distribute 100 million Z tokens to Solana community members.</li>
  <li>Zeta Markets has also unveiled plans for the first Layer 2 scaling solution.</li>
 </ul>
 <p>Solana-based decentralized derivatives protocol, Zeta Markets, has launched its governance token, Z, and unveiled plans to introduce Solana’s first Layer 2 scaling solution.</p>
 <p>Zeta Markets is positioned as one of the top five decentralized derivatives platforms on Solana and its move aims to enhance community involvement and scalability within the Solana ecosystem.</p>
 <h2 id="zeta-markets-to-airdrop-100m-z-tokens">Zeta Markets to airdrop 100M Z tokens</h2>
 <p>With a total supply of 1 billion tokens, Z’s allocation strategy underscores its commitment to decentralization and community-driven decision-making.</p>
 <p>Through an airdrop, 10% of the Z token supply will be distributed to active traders, stakers, and strategic Solana community members.</p>
 <p>Active traders, determined by Zeta’s Z-score system, will receive 50% of the initial distribution, while 40% will be allocated to <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> stakers, emphasizing the importance of long-term commitment to the protocol.</p>
 <p>Additionally, Zeta plans to dedicate 30% of the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> supply to incentivize market makers, essential players in maintaining liquidity and fostering optimal exchange conditions.</p>
 <h2 id="zeta-markets-layer-2-scaling-solution">Zeta Markets’ Layer 2 scaling solution</h2>
 <p>Beyond the introduction of its governance token, Zeta Markets also announced plans to roll out Solana’s inaugural Layer 2 scaling solution.</p>
 <p>This initiative aims to address scalability challenges and enhance transaction throughput on the Solana blockchain.</p>
 <p>By leveraging Solana exclusively as the settlement and data availability layer, Zeta aims to achieve faster settlement times and reduce transaction costs compared to Ethereum-based rollups.</p>
 <p>The forthcoming release of technical details in Zeta’s whitepaper is expected to provide insights into the architecture and functionality of the Layer 2 scaling solution, positioning Zeta Markets as a pioneer in Solana’s DeFi ecosystem.</p>
 <p>Zeta Markets’ vision aligns with Solana’s overarching goal of fostering innovation and scalability in decentralized finance. With its Z <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> <a rel="noopener noreferrer nofollow" title="governance" href="https://thebittimes.com/tag/governance.html">governance</a> model and plans for Layer 2 <a rel="noopener noreferrer nofollow" title="scaling" href="https://thebittimes.com/tag/scaling.html">scaling</a>, Zeta is poised to play a pivotal role in shaping the future of decentralized derivatives trading on the Solana blockchain.</p>
 <p>By adhering to its principles of decentralization and community empowerment, Zeta Markets aims to establish itself as a cornerstone of the burgeoning Solana DeFi landscape.&nbsp;</p>
 <p>As the cryptocurrency market continues to evolve, Zeta’s strategic initiatives position it for sustained growth and impact within the Solana ecosystem.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/zeta-markets-unveils-governance-token-and-solana-s-first-l2-scaling-solution-tbt84953.html">https://thebittimes.com/zeta-markets-unveils-governance-token-and-solana-s-first-l2-scaling-solution-tbt84953.html</a></p>

Zeta Markets unveils governance token and Solana’s first L2 scaling solution

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