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Payper Finance Opens Up Whitelisting For Testnet Access On Zenith Perpetual Derivatives Platform
Paper finance is focused on evolving DeFi protocols on Tezos.
They will release DeFi protocols such as Futures, Perpetual Futures, Power Perpetuals, Options Trading, On-Chain Orderbook, Options Vaults, and more.
By: Lee Evans
26 September 2022
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Paper finance is focused on evolving DeFi protocols on Tezos.
They will release DeFi protocols such as Futures, Perpetual Futures, Power Perpetuals, Options Trading, On-Chain Orderbook, Options Vaults, and many more as they proceed.
As of now, they are introducing to you Zenith which is a perpetual futures platform powered by Virtual AMM (VMM) technology.
Introducing Zenith
Zenith is the first perpetual future and options exchange on the Tezos blockchain. It provides users to go long or short on perpetual of their favorite assets with up to 10x leverage in all market conditions.
Zenith has non-expiry future contracts allowing traders to speculate on the price movement of an underlying asset without actual ownership, by buying (long) or selling (short) the contract and incentivizing traders with funding mechanisms.
They offer 100% on-chain and non-custodial trading.
Zenith uses stable coins for future trading instead of any other token pairs as it results in less exposure to the volatility of those tokens. For this, they use the advanced version of VMM instead of AMM.
They also have a high-performance and peer-to-peer options trading platform. You can buy and sell options of your favorite crypto assets with low fees, deep liquidity, and accurate pricing, secured by Tezos.
They are launching the platform on testnet and for that, they are opening the whitelisting applications for phase 1 of testing.
Upcoming Events
25th September 2022
Whitelisting applications open for phase 1
3rd October 2022
Zenith Testnet Phase 1 Launch for whitelisted members.
20th October 2022
Zenith v1 Launches on Mainnet
How will Whitelisting Procedure work?
Whitelisting applications will be open on Zenith’s Website from 25th September 2022.
Anyone who wishes to get whitelisted will need to apply for the whitelisting procedure from the website and join the official discord server of Payper Finance.
Once the Application Period ends, they will be giving access on a first come first serve basis for the first 100 applicants.
Why only 100? They want to try out the project in a closed environment and also will be giving rewards to the users who test the application and help us improve the project by giving appropriate feedback.
Once the project is launched on the mainnet, simultaneously they will be announcing phase 2 of the testing.
In phase 2 they will be whitelisting 1000 applicants and will also have some more updates on the project and rewards system.
How does the reward system work?
Successful whitelisted users will get 10 PPR tokens.
Taking a trade can earn you 2 $PPR tokens.
At end of each day top 5 profitable traders get 50 $PPR tokens.
If the position gets liquidated you get 1 $PPR Token.
Reporting bugs to the team you can earn 50 to 1000 $PPR tokens.
What can you expect from Payper Finance after this?
Zenith Mainnet Launch
Zenith Phase-2 Testing that will include some updates in the first release.
More Rewards Distribution.
Adding tezos native tokens for trading such as $CTEZ, $PLENTY, $QUIPU, $INSTA, $DOGA
$PPR Staking to earn up to 20% APY in kUSD
Liquidation Bounty
Squatz(Tezos Power Perpetual) – Their 2nd DeFi Project
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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