May 22, 2024
Zaros, a decentralized finance (DeFi) platform known for its Perpetuals DEX and Boosted (Re)Staking Vaults, has raised $1.8 million in seed funding. This financial boost comes just before their Token Launch scheduled for May 29th, supporting Zaros' mission to enhance perpetual futures trading through the use of Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs).
Project | Latest Raise Date | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Zaros | May 22, 2024 | $1.8M | Seed | $2.4M | SNZ Holdings | Trading |
Zaros aims to tackle industry challenges such as limited liquidity, high fees, and complex user interfaces. The platform seeks to provide a decentralized trading experience comparable to the convenience, liquidity, and variety found in centralized exchanges. The new funding will enable Zaros to implement its vision more swiftly and effectively, aiming to revolutionize the derivatives market.
The funding will be used to introduce single-sided liquidity pools (ZLP Vaults) for Liquid Staking Tokens like Lido and Liquid Restaking Tokens such as EigenLayer. Liquidity providers (LPs) earn ETH real yield from trading fees in the perpetual futures markets. These LPs act as market makers and receive an ERC20 token representing their stake, maintaining DeFi composability.
Zaros offers an intuitive, centralized exchange-like user interface, making it easier for traders to navigate and execute trades efficiently. With account abstraction, users can manage multiple sub-accounts for diverse trading strategies. Social login options via Apple ID or Gmail simplify the access process, making it easier for users to start trading.
Zaros markets have skew caps and open interest caps, enabling higher Total Value Locked (TVL) utilization and allowing the listing of experimental markets, including meme coins. This flexibility allows Zaros to offer more dynamic and varied trading options compared to competitors. With 15 available assets, including WBTC and altcoins like LDO and LINK, Zaros provides more than twice the asset variety of leading competitors.
The platform focuses on creating the best on-chain trading experience for derivatives on Arbitrum and Monad. Traders can enjoy high-frequency trading with deep liquidity and a wide variety of markets, including crypto, commodities, and FX.
Liquidity providers in DeFi face challenges such as limited yields from LSTs and LRTs, yield boosting complexities, and liquidation risks. Zaros addresses these issues with innovative solutions, allowing LPs to earn a share of trading fees and introducing mechanisms like USDz, eClusters, and soft liquidations to further boost liquidity and yield opportunities.
The recent funding round saw participation from prominent venture funds, including SNZ Holdings, Seven Capital, Cogitent Ventures, and DCI Capital. Angel investors such as Antony Sassano, Fernando Martinelli, Kieran Warwick, Andy Chen, and Kevin Lu also contributed, indicating strong confidence in Zaros' potential.
Zaros is poised to achieve several key milestones in the coming weeks. Details of listings on major centralized exchanges will be announced on May 27th. A collaboration with a leading market maker will be revealed on May 28th. The Initial DEX Offering (IDO) for $ZRS will commence on May 29th.
About Zaros:
Zaros is a DeFi platform that enhances perpetual futures trading using Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). The platform offers solutions to address decentralized trading's liquidity, fee, and interface challenges. With an intuitive user interface and advanced trading features, Zaros aims to lead the transformation of the derivatives market.
Website: https://www.zaros.fi/
X Account: @zarosfi
X Followers today: 12,500
X Followers 30 days ago: 12,717
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About Investor
Investor: SNZ Holdings
Description: SNZ Holdings is a venture capital firm that invests in blockchain technology and cryptocurrency projects. They focus on supporting innovative startups that drive the future of decentralized finance and blockchain ecosystems.
Location: United States
Website: https://snzholding.com
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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