zTrade (OTC Trading)

zTrade (OTC Trading)

StatusEntrypoint

Concept

TL;DR

  • Panther will support privacy-enhanced Over-The-Counter trades

Overview

zTrade will be the world's first Zero-Knowledge on-chain Over-The-Counter (OTC) marketplace.

Using the Polygon network (at mainnet beta release), zTrade will offer an innovative approach to OTC trading by connecting makers and takers in a fully privacy-enhanced, secure environment. It leverages the attributes of the Shielded Pool and zAssets to enable OTC trades.

Within zTrade, users can conduct OTC transactions while enjoying unprecedented data privacy. The process begins when a maker deposits digital assets into a Shielded Pool and converts them into zAssets. Once users initiate a trade, they set the conversion rate at which they are willing to sell their assets. Takers, conversely, can browse the available offers and accept the one that suits their needs, confident that their privacy is being fully maintained.

Unlike traditional OTC marketplaces, zTrade will not require any custodian services, thanks to the self-custody and automated nature of on-chain DeFi transactions. Furthermore, zTrade preserves the confidentiality of users' identities, transaction details, and asset holdings.

Some of the advantages of zTrade over centralized or decentralized swap mechanisms include:

  • Zero slippage on large trades

  • Low fees

  • Instant settlements with data protection

  • Possibly, earning rewards

to be determined by the DAO

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