Zeta Markets

Zeta Markets is a decentralized derivatives exchange on Solana offering perpetual futures and options trading with on-chain order books. It provides advanced trading tools for derivatives traders who want the transparency of DeFi combined with the functionality of centralized exchanges. The protocol operates a fully on-chain central limit order book (CLOB) for perpetual futures, providing real limit orders, stop-losses, and take-profit orders at the protocol level. This differentiates it from AMM-based perpetual exchanges by offering the precise order execution that professional traders require. Zeta supports perpetual futures on major assets with competitive leverage options and tight spreads for popular trading pairs. The cross-margin system allows traders to use portfolio-level margin, improving capital efficiency for users with multiple open positions. The maker-taker fee structure incentivizes liquidity provision through favorable maker rebates. The ZEX governance token provides voting rights over protocol parameters and fee structures. Zeta has attracted professional traders and market makers who appreciate the on-chain order book architecture, which provides more transparent price discovery than virtual AMM alternatives. The protocol has been audited and maintains active security monitoring.