Definitive $EDGE is now LIVE.
CA: 0xED6E000dEF95780fb89734c07EE2ce9F6dcAf110 on @base
$EDGE is available for trading on @krakenfx, @Gate_io, @aeroxyz and Definitive, with more exchanges coming online.
CLAIM YOUR AIRDROP (over 124K addresses eligible):
>> claim./definitive./fi
Principles behind the @ZetaMarkets $Z tokenomics:
🔒No TGE Unlocks
No investors or contributors unlocking at TGE, 1 year cliff to ensure the token gets good organic distribution. Unlike many crypto teams we're not here for the short term, this is our 3rd year of building on @solana, with more to come. Our extensive product roadmap can be found in the footer tweet.
🛟Get Supply in the Hands of Zeta Chads
Sizeable 10% initial distribution to power users of Zeta. Skewed towards real traders who have supported the platform over the years (7%), traders from strongly aligned Solana communities (1%), as well as those who stake their airdrop to participate in ongoing governance (2%). We've seen this play out incredibly well for blue-chip Solana protocols like @JupiterExchange and @jito
⌛️It Pays to be Long Term
We've tweaked the vote-escrow staking (pioneered by @CurveFinance ) which rewards how much you stake AND how long you stake it, where ours increases exponentially with time. Locking your precious $Z for longer gives you:
1. Increased governance power (govZ)
2. Increased share of trading incentives (see below)
3. Utility with respect to our L2 (more details to come)
Excited to continue experimenting with token mechanisms on Solana, a very under-explored space!
📈 Sustainable Incentives
30% (that's almost 1/3rd of all tokens that will ever exist) will be distributed to traders and LPs on Zeta over the next 90 months. It'll be like Z-score, except you now get tokens directly each month for trading rather than points.
I've read through the @dYdX forums at length and admire their success in using their token to bootstrapping DeFi's largest perps DEX + their plans towards sustainability. We endeavour to put the same quantitative rigour and research into our emissions and make sure the growth flywheel continues to spin rapidly.
We’re excited to share updates about $Z, including release schedule, incentive emissions & vision.
There's been considerable discussion about token launches within the Solana ecosystem & beyond.
$Z's tokenomics have been designed for the long term.
Here’s what sets us apart 🧵
There are just over 24 hours left in our Community Airdrop campaign!
Truly outstanding support from all of our partner communities with over $500M in trading volume and 20k+ traders! 🤯💜
@JupiterExchange, @PythNetwork & @deBridgeFinance
are still leading the way for the bonus allocations - can anyone stop them?
🚨VIP Reminder 🚨 Please make sure you are eligible for the community you’ve been trading in!
Eligibility will be checked at the end of the competition so you still have (some!) time. If in doubt, come to Discord🤝
LFZ 🫡
1/ Announcing Zeta Market’s new $5M Strategic Round led by @ElectricCapital, bringing our total capital raised to $13.5M.
The funding will fuel the development of the first DeFi L2 on @solana, advancing our mission to craft the ultimate one-stop trading platform.
Market share has been steadily growing for weeks, up to 41% today largely thanks to the community drop and our amazing partners 🎉
Stellar month for @ZetaMarkets if I've ever seen one. A sizeable announcement dropping tomorrow too 👀
Derivatives are picking up steam on @solana , almost $1B daily trading volume across the ecosystem 🔥
@JupiterExchange chads trailblazing with $721M, @ZetaMarkets leapfrogging the $100M mark and some impressive 933% monthly growth from the @FlashTrade_ team
Big month ahead