https://xitter.gq/t.co/0h9HDnyny6 data / ops / research
Lake Atitlan, Guatemala
Joined December 2021
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trent crandall retweeted
The @ZetaMarkets team has been heads down building. New perps engine being built on their real-time L2 @bulletxyz. This has not been priced in really till recently.
I have happily accumulated ~1-2% of the total supply of $ZEX (@ZetaMarkets) over the past 3-6 months on the public markets.
Here are my quick notes
- They raised 13.5M total ($5M token round prior to launch & $8.5M) I did not invest in either of these rounds.
- Investor vesting starts June 2025 so plenty of time to see if their new launch gains any traction
- Perps market is massive and I think as the UI/UX continues to improve on DEXs to match the CEX experiences the volume will continue to grow on DEXs.
- Risk is always the same. Execution risk. Will there be delay after delay. Will they have good enough BD to get traders excited to use/test their platform, etc..
This token has been flying under the radar for a while, and just recently started getting bid up. Sub 75M FDV looks like decent value considering if this was raising in the private markets it would be able to get that easy based on team and their progress and everything they are working on IMO.
Thinking back, it's pretty crazy what we've managed to build in the last 3-4 months:
- Rust native CLOB and atomic matching engine that is fully ZK verifiable
- New cross margin engine allowing us to list hundreds of assets and offer much higher leverage safely (think 100x)
- Multi-asset collateral that allows users to deposit most major assets (not just USDC)
- Lending protocol to power multi-asset and provide yield opportunities
- Robust liquidation engine for both spot and perps
- Realtime historical event indexing
- REST/WS APIs (adios jsonrpc) and Typescript SDK (+ Rust and Python soon)
- Backend infra (price oracle and funding cranks, faucet etc)
- Sequencer runtime that can execute txs in sub 50ms (thanks to @sovereign_labs)
- First of its kind Solana Data Availability protocol (yet to be announced!)
- Sexy new trading UI designs and frontend rewritten in Next.js
- Embedded wallet integration with social login and frictionless signing UX thanks to @privy_io
Final things left to do until testnet goes live are:
- Insurance fund
- Auto de-leverage system (better than socialized loss and keeps the platform safu in black swan situations)
- Continue fleshing out comprehensive unit and integration tests
- Lots of DevOps (monitoring, alerting, focus on chain reliability and uptime)
It's all coming together quickly 🚢
trent crandall retweeted
Hey man, hope you’re doing good. You were right on this Bitcoin thing. I’m thinking about buying some cryptos now, just got some Solana and downloaded the purple phantom app with the ghost on it. Which coins should I buy? I was thinking about Cardano but worried I might be late.
trent crandall retweeted
📢 Partner Reveal Day 3! 📢
Fantastic news! We're thrilled to announce our third collaboration with @realseriouscoin. Together with our partners, we are all Serious. Remember to follow and join our Discord, as well as our partners! 🚀🎉 #crofam #WeAreCronos
