1. PixelPlaygroundHome
  2. Metaverse Insights

Decentralized Derivative Trading Protocol ZKX Releases New Version of Polaris Testing Network

• Metaverse Insights • 150 views

On April 25th, ZKX, a decentralized derivative trading protocol based on Starknet, announced the release of a new version of the testing network Polaris, which includes a market ma

Decentralized Derivative Trading Protocol ZKX Releases New Version of Polaris Testing Network

On April 25th, ZKX, a decentralized derivative trading protocol based on Starknet, announced the release of a new version of the testing network Polaris, which includes a market making robot to accelerate order execution and a fund rate function to maintain platform stability.

Starknet Ecological Derivatives Protocol ZKX New Test Network Polaris

ZKX, a decentralized derivative trading protocol based on Starknet, has announced the release of a new version of the testing network Polaris. With this upgrade comes the addition of a market making robot to accelerate order execution and a fund rate function to maintain platform stability.

Introduction

ZKX is a decentralized derivative trading protocol that is designed to provide efficient and secure trading for users. The platform is based on Starknet technology, which is a layer-2 scaling solution that can process transactions at high speed and low cost. With the release of the new version of its testing network Polaris, ZKX is delivering on its promise to provide users with a more streamlined and efficient trading experience.

What is Polaris?

Polaris is ZKX’s testing network, which allows users to test the platform’s features before they are implemented on the mainnet. The testing network is designed to replicate the features of the mainnet, but with the added benefit of being able to test new functions and features in a sandbox environment. Polaris includes a wide range of features that are available on the mainnet, including trading, margin trading, options trading, and more.

Market Making Robot

One of the key features of the new version of Polaris is the addition of a market making robot. This robot is designed to accelerate order execution, ensuring that trades are executed quickly and efficiently. The market making robot also helps to maintain platform stability by ensuring that liquidity is available for all users. With the addition of the market making robot, ZKX is providing users with a more efficient and streamlined trading experience.

Fund Rate Function

Another important feature of the new version of Polaris is the fund rate function. This function is designed to maintain platform stability by adjusting the funding rate based on the supply and demand of the particular asset being traded. This helps to ensure that the platform remains stable even during times of high volatility.

Conclusion

With the release of the new version of Polaris, ZKX is continuing to demonstrate its commitment to providing users with a more efficient and effective trading experience. The addition of the market making robot and fund rate function are important steps in achieving this goal, and we can expect to see further improvements and enhancements in the future.

FAQs

Q: What is ZKX?
A: ZKX is a decentralized derivative trading protocol based on Starknet technology.
Q: What is Polaris?
A: Polaris is ZKX’s testing network, which allows users to test the platform’s features before they are implemented on the mainnet.
Q: What are the new features of the new version of Polaris?
A: The new version of Polaris includes a market making robot to accelerate order execution and a fund rate function to maintain platform stability.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/18416/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/25/2023 08:36
Next 04/25/2023 09:03

Recommended articles