Early user registration of ZKX, a license-free agreement based on StarkNet derivatives, may be airdropped on the testnet

 ZKX is a license-free protocol for derivatives built on StarkNet with a decentralized order book and a unique way of offering complex financial instruments as swaps.

By building a protocol that enables asset derivatives trading on StarkNet with built-in reward mechanisms, liquidity allocation, and sophisticated trading strategies, we are delivering what DeFi is meant to be. The five fundamental properties that distinguish the ZKX protocol from other protocols are:

Powered by The DAO: A novel architecture where DAOs are placed on top of open source protocols to coordinate growth, enabling DAOs and projects to list derivatives markets for their tokens, and providing trading incentives to the community.

Decentralized Limit Order Book (DLOB): A unique network of nodes that will help scale derivatives exchanges through permissionless node clients. The network of nodes will provide price feedback directly to exchanges to improve the efficiency of retail and high-frequency institutional traders. The consensus algorithm will enable trust and security within the network, while the custody of funds will always be in the custody of the user (completely non-custodial).

Financial innovation: Revised funding rates will adapt to the volatility of the underlying asset, offering a premium to riskier assets to incentivize stakeholders to maintain balance in the order book. This allows us to offer perpetual swaps with innovative yield structures inspired by well-known options strategies such as straddles, strangles and butterfly spreads.

Swap liquidity mining: DAOs, protocols and community stakeholders will be able to list new assets and offer incentives to trade these new perpetual swaps with any ERC-20 currency pair of their choice. By enabling the native liquidity bootstrap mechanism, ZKX's open source derivatives protocol can grow with the community.

L2 Extensions: Our simple trading interface is powered by StarkNet from StarkWare's ZK rollup. We're talking about low fees, instant settlement, fast withdrawals on the platform, and support from the growing StarkWare ecosystem.

Visit ZKX's Early Contributor Registration Form to sign up   https://form.typeform.com/to/jmwv2p51?typeform-source=zkxprotocol.medium.com

The project's next step is to launch a community rewards program.

The project will also launch a testnet.

official community   https://discord.gg/XF3kfdCy

Telegram Exchange Group：https://t.me/+SsqY1lMjllsyN2Y5