Zeta Markets (“Zeta” or “the Platform”), a cutting-edge decentralized finance (DeFi) derivatives exchange offering features found in traditional finance, today announced that it will go live on the Mainnet at 9 am EST on Monday, January 17, 2022.

Zeta offers a list of features traditionally found on institutional-grade centralized exchanges including undercollateralized trading, portfolio cross-margining, sub-second mark-to-market updates, and instant settlement – among others. The Platform’s order book and matching engine are powered by Serum, a decentralized exchange and platform that provides the underlying liquidity infrastructure for protocols built on Solana, and has a pricing oracle on the Pyth Network, a next-generation oracle platform designed to provide trusted and verifiable market data to decentralized applications.

Tristan Frizza Core Contributor of Zeta Markets commented on the news.

We are excited to offer institutional-grade cryptocurrency derivatives trading to the masses. The Solana Mainnet launched institutional investors with traditional financial tools like portfolio cross-margining or undercollateralized trades. This allows them to have easy access, but not decentralized, on traditional financial instruments. The Zeta community has been supportive during the testing phase. We look forward to continuing to build Zeta.
Zeta is also a strategic partner with Pattern Research (leading derivatives market makers in cryptocurrency), to ensure that all Trades on the Platform are executed in liquidity. As DeFi-structured products begin to take root on Solana, liquidity is essential to ensure exchanges are able to operate efficiently and offer predictability in prices.

Shiliang Tang (Chief Investment Officer at LedgerPrime) added.

ZetaMarkets’ launch on Mainnet marks a big step forward, not just for us but also for the entire crypto derivative ecosystem. Investors will require sophisticated derivatives products as the cryptocurrency trading market matures. They will look for platforms that offer these services in an easy-to-use manner to be able to manage their portfolios. Zeta’s open source nature means that developers can leverage Zeta’s native code for their projects. This will facilitate development, growth, and innovation on Solana’s blockchain.
Zeta serves as a vital layer of DeFi infrastructure, giving developers all the necessary resources to build successful derivatives products. The Platform recently launched Zeta FuZe. This open-source code repository allows anyone to incorporate a Solana protocol into Zeta Markets. It also includes the code necessary to build a DeFi Options Vault.

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