{"id":28937,"date":"2024-04-09T19:38:07","date_gmt":"2024-04-09T19:38:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zeta-markets-unveils-governance-token-and-solanas-first-l2-scaling-solution\/"},"modified":"2024-04-09T19:38:07","modified_gmt":"2024-04-09T19:38:07","slug":"zeta-markets-unveils-governance-token-and-solanas-first-l2-scaling-solution","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zeta-markets-unveils-governance-token-and-solanas-first-l2-scaling-solution\/","title":{"rendered":"Zeta Markets unveils governance token and Solana\u2019s first L2 scaling solution"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/1712680599432-d1796abb-0dde-4c53-949c-f139dcfaa865-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/1712680599432-d1796abb-0dde-4c53-949c-f139dcfaa865-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/1712680599432-d1796abb-0dde-4c53-949c-f139dcfaa865-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/1712680599432-d1796abb-0dde-4c53-949c-f139dcfaa865-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Zeta Markets is among the top decentralized exchanges built on Solana.<\/li>\n<li>Zeta Markets plans to distribute 100 million Z tokens to Solana community members.<\/li>\n<li>Zeta Markets has also unveiled plans for the first Layer 2 scaling solution.<\/li>\n<\/ul>\n<p>Solana-based decentralized derivatives protocol, Zeta Markets, <a href=\"https:\/\/x.com\/ZetaMarkets\/status\/1777710932308750697\">has launched its governance token, Z,<\/a> and unveiled plans to introduce Solana\u2019s first Layer 2 scaling solution.<\/p>\n<p>Zeta Markets is positioned as one of the top five decentralized derivatives platforms on Solana and its move aims to enhance community involvement and scalability within the <a href=\"https:\/\/coinjournal.net\/news\/tag\/solana\/\">Solana ecosystem<\/a>.<\/p>\n<h2>Zeta Markets to airdrop 100M Z tokens<\/h2>\n<p>With a total supply of 1 billion tokens, Z\u2019s allocation strategy underscores its commitment to decentralization and community-driven decision-making.<\/p>\n<p>Through an airdrop, 10% of the Z token supply will be distributed to active traders, stakers, and strategic Solana community members.<\/p>\n<p>Active traders, determined by Zeta\u2019s Z-score system, will receive 50% of the initial distribution, while 40% will be allocated to token stakers, emphasizing the importance of long-term commitment to the protocol.<\/p>\n<p>Additionally, Zeta plans to dedicate 30% of the token supply to incentivize market makers, essential players in maintaining liquidity and fostering optimal exchange conditions.<\/p>\n<h2>Zeta Markets\u2019 Layer 2 scaling solution<\/h2>\n<p>Beyond the introduction of its governance token, Zeta Markets also announced plans to roll out Solana\u2019s inaugural Layer 2 scaling solution.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">6\/ The Road Ahead<\/p>\n<p>Since 2021, Zeta has pushed the boundaries of DeFi with Solana\u2019s most used fully on-chain CLOB.<\/p>\n<p>This year we are continuing to push boundaries with major upgrades including multi-collateral &amp; Solana&#8217;s first DeFi L2:<a href=\"https:\/\/t.co\/3KseoDJiKO\">https:\/\/t.co\/3KseoDJiKO<\/a><\/p>\n<p>\u2014 Zeta Markets | v2 Live \ud83d\udd25 (@ZetaMarkets) <a href=\"https:\/\/twitter.com\/ZetaMarkets\/status\/1777710945180975136?ref_src=twsrc%5Etfw\">April 9, 2024<\/a><\/p>\n<\/blockquote>\n<p>This initiative aims to address scalability challenges and enhance transaction throughput on the Solana blockchain.<\/p>\n<p>By leveraging Solana exclusively as the settlement and data availability layer, Zeta aims to achieve faster settlement times and reduce transaction costs compared to Ethereum-based rollups.<\/p>\n<p>The forthcoming release of technical details in Zeta\u2019s whitepaper is expected to provide insights into the architecture and functionality of the Layer 2 scaling solution, positioning Zeta Markets as a pioneer in Solana\u2019s DeFi ecosystem.<\/p>\n<p>Zeta Markets\u2019 vision aligns with Solana\u2019s overarching goal of fostering innovation and scalability in decentralized finance. With its Z token governance model and plans for Layer 2 scaling, Zeta is poised to play a pivotal role in shaping the future of decentralized derivatives trading on the Solana blockchain.<\/p>\n<p>By adhering to its principles of decentralization and community empowerment, Zeta Markets aims to establish itself as a cornerstone of the burgeoning Solana DeFi landscape.\u00a0<\/p>\n<p>As the <a href=\"https:\/\/coinjournal.net\/news\/tag\/cryptocurrency\/\">cryptocurrency market<\/a> continues to evolve, Zeta\u2019s strategic initiatives position it for sustained growth and impact within the Solana ecosystem.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/zeta-markets-unveils-governance-token-and-solanas-first-l2-scaling-solution\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) Zeta Markets is among the top decentralized exchanges built on Solana. Zeta Markets plans to distribute 100 million Z tokens to Solana community members. Zeta Markets has also unveiled plans for the first Layer 2 scaling solution. Solana-based decentralized derivatives [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":28938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28937"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28937"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28938"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}