Zeta Markets to Airdrop 10% of $Z Token Supply; Unveils Governance and Rewards Structure

Zeta Markets, a popular decentralized derivatives exchange on Solana, has unveiled its plans for the $Z token. Airdropping 10% of the total supply, Zeta aims to reward existing users and key Solana communities. The announcement comes on the heels of strong growth for Zeta, which has recently crossed $4 billion in all-time trading volume since the launch of its Z-Score metric, a measure of user activity on the platform.

Token Distribution:

Total Supply: 1,000,000,000

• 10% initial airdrop:

• 5% allocated to traders based on Z-Score rewarding active platform participation (Snapshot Yet to be taken)

• 1% set for users who are also members of strategic communities in Solana (recognizing early ecosystem supporters)

• 4% reserved for $Z stakers (with greater benefits for longer staking  durations)

$Z token Utility

$Z will empower holders with governance rights over the Zeta protocol, pioneering vote escrow mechanics on Solana. Additionally, staking $Z unlocks governance participation and confers extra rewards, with longer staking durations translating to greater benefits.

Focus on Growth

Zeta highlights a substantial 30% $Z allocation for trader and liquidity provider incentives. This move emphasizes Zeta's dedication to fueling growth, ensuring top-tier liquidity, and creating a thriving exchange.

Zeta's Ambitions

Since its inception in 2021, Zeta Markets has continually innovated within the DeFi space. This year, the platform promises significant advancements, including Zeta Lend and multi-collateral support and Solana's first DeFi layer-2 solution with Solana DEX Rollup.