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May 24, 2024
zkEra Finance Brings Advanced Trading Solutions to Telos Ecosystem
3
min read
Telos has officially integrated with zkEra Finance, a decentralized trading platform that emphasizes minimal swap charges and zero price impact trading. This collaboration brings enhanced trading functionalities and DeFi solutions to the Telos ecosystem.
zkEra Finance: Providing Advanced Trading Solutions
zkEra Finance operates as a decentralized platform offering both spot and perpetual trading.
What sets zkEra apart is its ability to support trades with up to 50x leverage directly from a user's wallet, an ideal feature for novice and experienced traders.
zkEra Finance introduces leverage trading for Telos (TLOS). Users can now take long or short positions on TLOS. This feature allows for advanced trading strategies, enhancing user ability to leverage market movements for potentially higher returns. It ensures robust liquidity and market engagement while maintaining the security and efficiency of blockchain transactions.
Additionally, the platform incorporates unique multi-asset pools that allow liquidity providers to earn fees from market making, swap fees, and leverage trading.
“I am thrilled to announce our partnership with ZkEra Finance, a leading decentralized perpetual exchange in the industry. We share a common foundation and DNA as community-driven projects. Our community members, who have eagerly awaited this collaboration, will now be able to take long and short positions on $TLOS. ZkEra Finance brings an incredible amount of expertise and knowledge to the table and we are extremely proud to have them join our ecosystem.” - Nicky Chalabi, Head of Telos Business Development
Key features of zkEra Finance include:
Leverage Trading:
Users can engage in trades with up to 50x leverage.
Staking:
Opportunities to stake $ZKE tokens and earn real yield.
Liquidity Provision:
Users can earn by providing liquidity with $ZLP tokens.
Additional Tools:
The platform offers a referral program, trading contests, and has plans to introduce copy trading.
Why zkEra Chose Telos
"As we evaluated potential partners, Telos stood out as the ideal choice for zkEra Finance. Its EVM compatibility aligns perfectly with our operational needs, ensuring seamless integration of our advanced systems. This collaboration allows us to offer our users fast, secure, and cost-effective transactions, crucial for the success of our trading mechanisms." - zkEra Team
Contributions to the Telos Ecosystem
zkEra Finance is set to enhance the Telos blockchain by attracting a broader user base through its competitive trading features. By offering minimal swap fees and zero price impact trades, zkEra aims to serve as a gateway that introduces its existing users to Telos, thereby boosting the adoption and utilization of the Telos blockchain.
Moreover, zkEra’s expertise in perpetual trading, DeFi mechanics, and smart contract development will enrich the Telos ecosystem, benefiting other DeFi projects within the network.
Explore zkEra Finance on Telos Now
For more details on zkEra Finance and to explore their trading platform, please visit their website at https://zkera.fi/ and their app at https://app.zkera.fi/.
Disclaimer
The content provided in this article is for informational purposes only and should not be construed as financial or investment advice. Always conduct your own research and consult with a professional before making any financial decisions. Cryptocurrency investments along with other asset classes can be volatile and can result in potential losses. Always use caution, practice due diligence, and never invest capital you cannot afford to lose. Remember to always maintain the security of your accounts, use strong passwords, enable two-factor authentication, and be wary of phishing attempts. Stay safe and invest responsibly.
About The Telos Foundation
Telos is a decentralized blockchain ecosystem that includes Telos EVM, which is tested as the fastest Ethereum Virtual Machine globally, and its high-speed consensus layer, Telos Zero. With its continued focus on helping push forward the global adoption of Zero Knowledge technology, Telos is also currently developing a hardware-accelerated Ethereum Layer 2 network powered by SNARKtor, with the goal of enhancing privacy and scalability for global use cases at scale. Telos is overseen by The Telos Foundation, an ownerless foundation dedicated to advancing the Telos blockchain network and its community.
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