Zeta Markets: Released the streamlined white paper for DeFi L2 "Zeta X", with the mainnet planned for launch in Q1 next year.

ChainCatcher news, Solana-based derivatives protocol Zeta Markets has released a streamlined white paper for its DeFi Layer2 "Zeta X," with the mainnet expected to launch in the first quarter of 2025.

It is reported that Zeta X aims to expand and redefine decentralized trading, matching the performance of centralized trading platforms.

The official statement indicates that settlement and consensus (DA) will occur on the native Solana L1. Execution will be handled by an off-chain zkVM compatible matching engine, entirely written in Rust from the ground up, providing high throughput and speed. The Z token will serve as the native Gas token for transactions on the ZX rollup and will act as a reward mechanism for staking holders who perform key operations on Zeta X, among others.