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#RedStonePowered ep.4: ZKX

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We are excited to announce that ZKX is now #RedStonePowered! ♦️⚡

ZKX allows for the trading of Perpetual Swaps like never before. Novel order book architecture optimized for high-speed and high-throughput scalability, while users retain ownership of their funds. Innovative Liquid Governance mechanism. Now unfolding full potential thanks to our Data Feeds!

What is ZKX?

ZKX is the first perpetual futures exchange built on StarkNet. The protocol is designed to provide further scalability with a decentralized node network, elevated trading experience, and offer perpetual swaps and derivatives to any user on StarkNet and Ethereum. ZKX’s mission is to democratize access to global yields through its offerings to anyone, anywhere. 

Cooperation with RedStone

RedStone is now one of the official data providers for ZKX’s launch! Our Data Feeds will be powering ZKX perps with reliable data from a vast variety of sources. Additionally, thanks to our Custom Data Feeds, ZKX can now work with assets that previously had limited usability because of the lack of proper data. Expect more info on the details from ZKX’s side closer to the testnet launch. 👀

Questions to the ZKX team

Q1. How did you get into the web3 space?

Eduard | Founder & CEO
I worked for venture capital funds in Asia and the United States alongside Naman. While working at SOSV, we discovered a massive opportunity in catering to users in emerging markets like Indonesia and India. We realized how many limitations they had in accessing financial opportunities. And this is how the idea of ZKX was born –  To help people in emerging markets gain access to opportunities that were previously unavailable to them. 

Naman | Co-founder & COO
I have experience in venture building and scaling startups and when I met Eduard at SOSV, he introduced me to the world of crypto. In 2020, when DeFi was picking up steam, we saw a gap in the market — which triggered the idea of ZKX. Eventually, we opted to work on ZK-Rollup technology because we thought that would be the most scalable way to target these emerging market users.

Vitaly | Co-Founder & CTO
I have been working in software engineering for almost 20 years. Like many other software engineers, I saw something unusual — Bitcoin and blockchain in 2010 and started tinkering with it. In the last 10 years I started trading and focused on early-stage start-ups and scale-ups in Web3.  

Q2. What are the beginnings of ZKX?

ZKX is the first perpetual futures exchange built on StarkNet that offers complex financial instruments as swaps. The protocol was created out of the idea that everyone should have access to investment opportunities, creating an equal playing field for people from different countries and backgrounds. In early 2022, ZKX received a grant from StarkWare Industries marking the beginning of a fruitful collaboration.

In July this year ZKX announced their $4.5 Mn raise from investors including StarkWare, Amber Group, Huobi, Crypto.com, Hashkey Capital, and others.

Q3. What excites you the most about what you’re building?

We are redefining the existing DeFi mechanisms and the goal is to build next-gen derivatives on Layer 2. Hedging and protection are key within volatile environments like crypto but there are limited mechanisms available. Perpetual swaps are one which help users insulate themselves in uncertain market situations. Yet, most option strategies are inaccessible to everyone and too complicated. We are excited about building new kinds of perpetual swaps that are necessary to simplify the experience for the user and help bring more access and equal opportunity to everyone in DeFi.

ZKX channels:

Website: https://zkx.fi/

Twitter: https://twitter.com/zkxprotocol

Discord: https://discord.gg/exbVfzqG

Telegram: https://t.me/zkxcommunity

RedStone channels:

Website: https://redstone.finance/ 

Twitter: https://twitter.com/redstone_defi

Discord: https://discord.com/invite/PVxBZKFr46

GitHub: https://github.com/redstone-finance

LinkedIn: https://www.linkedin.com/company/redstone-finance/

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