Zebra

We're not building another perpetual exchange. We're building one for the Zcash ecosystem. • Self-custodial • ZEC collateral • ZEC settlement • Powered by Orderly, NEAR & Pyth Zebra is live on public testnet today. Want the heads-up the moment mainnet launches? Sign up at the link. 🦓 zebraperps.xyz

6/ Status, honestly: live on testnet today. Real Pyth pricing, native-ZEC settlement over Intents, and live Orderly execution are the mainnet rails — in progress, not done. ZEC in. ZEC out. Try it: zebraperps.xyz

5/ Orderly — the engine. Zebra is built on Orderly's order book, matching, and liquidations — plugging into shared liquidity instead of bootstrapping a book. Positions are USD-notional; margin and PnL settle back to ZEC.

4/ Pyth — the oracle. Marks and collateral value come from Pyth's ZEC/USD feed, so margin, PnL, and liquidations price off real market data, not an operator-set number.

3/ NEAR — the rails. Your ZEC lives in an on-chain vault contract on NEAR, and you sign your own orders and withdrawals with your own key — the operator can't move your funds. ZEC moves in and out over NEAR Intents.

2/ Zcash (ZEC) — the collateral. You post ZEC, every position is margined in it, and you settle back to it. The model: shielded in, transparent while trading, shielded out — your collateral stays in Zcash's world.

1/ How Zebra is built. A self-custodial perpetual exchange where Zcash is the collateral and the settlement. Four pieces make it work: Zcash, NEAR, Pyth, Orderly. The architecture:

We believe in an encrypted future 🦓 $ZEC

We are building the ultimate ZECFi destination 🦓 $ZEC #Zcash

Slowly... and then all at once. We are building the slickest tools for ZODLERS to stack more $ZEC & hedge their stacks. Because why would you ever sell the hardest private money that ever existed? Zillions.

Imagine expressing a view — or hedging — with your ZEC. When you close, you settle back to ZEC. That's what we're building at Zebra. Live on testnet: zebraperps.xyz

ZEC in. ZEC out. A self-custodial perpetual exchange where your Zcash is the collateral and the settlement. Now live on testnet. zebraperps.xyz