MetisDAO

Introduction

zkEra Finance is a decentralized platform designed for both spot and perpetual trading. It stands out in the DeFi space due to its unique approach to minimizing swap charges and ensuring trades without price impact. This proposal outlines the benefits zkEra Finance can take to further its mission on the Metis network.

Zkera Finance was launched in July on wagmi.com on zksync network.

Key Features and Upgrades

High-Frequency Trading and Leverage : By offering high-frequency trading and leverage options, zkEra Finance can attract a broader range of traders, catering to both novices and seasoned professionals.

Attractive Yield Opportunities for Liquidity Providers : Leveraging market making, swap charges, and leveraged trading activities, the platform can provide lucrative yield opportunities to liquidity providers.

Diversified Liquidity Pools : The introduction of diversified liquidity pools will enhance risk management and provide a more stable trading environment.

Continuous Protocol Improvement : Taking inspiration from the GMX protocol, zkEra Finance should continuously evolve to adapt to user needs and market trends.

LP position hedging : Giving an option to users for creating short positions against tokens in ZLP pool, whose price decline will respectfully lower the price of ZLP. In that case, with a decrease in the price of ZLP, the user compensates for the loss with the earnings from short positions.

Strategic Initiatives

Enhanced User Experience: Focus on simplifying the user interface to attract a broader user base, emphasizing ease of use without compromising on advanced features.

Marketing and Community Engagement : Increase visibility through strategic marketing campaigns and active community engagement. Collaborations with influencers and participation in DeFi events can be instrumental.

Integration with Pyth Oracles : Continue to leverage Pyth Oracles for real-time, accurate market data, ensuring the platform’s decisions are informed by the most current and reliable information.

Our stats:

Since our launch in July on zkSync Era, we had continuous growth in our user base. We believe we can capitalise on Metis network even better.

Since the launch, our volumes and open interest keeps growing.

Roadmap:

Deployment of zkera.fi 2 on Metis within 20 days given the proposal passes. Launch of Utility NFT’s - within 45 days given the proposal passes.

Conclusion

In conclusion, zkEra Finance is excited to expand its journey on the Metis network, drawing inspiration from numerous innovative projects in the space, like Wagmi. This expansion aligns with our commitment to embracing new opportunities and collaborations within the DeFi ecosystem, furthering our mission to revolutionize decentralized finance. We look forward to contributing to and thriving in this growing network.

Official Links

Website : https://www.zkera.fi 3

X https://twitter.com/zkerafi 1

Discord zkEra.fi

Docs https://zkera.gitbook.io/