Zeta: The Z-Score Battle Rages On
Cryptocurrency can be risky due to market volatility and lack of regulation. Use reputable platforms, avoid emotional trading, and only invest what you can afford to lose. Be cautious and remember, not your keys, not your crypto.
With the Solana airdrop season in full swing, it can often be a running battle trying to keep up with what’s coming next. While Solana De-Fi having a large array of protocols and platforms to choose from is great from a user perspective if you’re looking to up your chances of earning some free crypto then it’s pretty easy to get lost in all the marketing. And let’s not even talk about controversial topics like vesting schedules and the announcement of snapshot dates leading to an influx of whale-based liquidity.
Sometimes, being one of the smaller fish can lead to quite the battle when it comes to earning points and potentially gaining some tokens.
One of the more notable approaches this season is the attempt to gain loyalty and longevity toward a project over the long term. And, while different projects are calling it different things, essentially what this means is that now projects are looking to reward active, engaged, long-term users of their protocol. While this has created some controversy at times, it’s hard to argue that a focused and engaged community provides far greater benefits than simply farming and leaving. The other advantage of this is that when accessing De-Fi services we get a better end experience, with a platform that’s (hopefully) more refined and user-friendly.
In today’s article, we’ll be exploring one of these protocols by taking a walk through Zeta, one of the perp trading providers based on Solana. With its ZEX token being launched recently it’s easy to think that the hype around this project is all said and done, but as we’re about to show you that’s not the case at all. With a smooth interface, and the ability to continue to earn points that will be converted to the native ZEX token, Zeta has plenty to offer to the potential trader. Before we check it out though, let’s have a quick look at perp trading and leveraging first.
Zeta hasn’t just done an airdrop. They are continuing to reward loyal and active users of their protocol. Source: Zeta
Perp Trading
With crypto in general being a somewhat volatile asset, it’s fair to say that market speculation can be a large part of this, particularly in the memecoin market. And with the crypto world often sharing some common features of traditional finance, in de-fi, we’ll typically see trading and other forms of transaction that are based on market movements. One of the most common can often be perpetual or perp trading.
While we won’t bore you with the mechanics of how this works behind the scenes, what it means is that should users want to, they can trade speculative contracts around price movements and market fluctuations. Using smart contracts and blockchain-based technology, this process has been streamlined to be relatively quick and easy, although discussions about risk ought to be considered as well.
Perp trading is also often paired with leverage trading where a small amount of capital can be used to trade on a larger pool of assets. While this can be a useful feature, it changes the risk assessment process, meaning that while the gains from a successful trade can be substantial the losses incurred from a bad trade can be just as spectacular.
So, before you start your day trading journey, it’s essential to do a risk assessment, consider your own circumstances and understand some of the risks that can come with engaging in trading activities. With that said, let’s get down to doing a trade and building up your Z-Score.
Get Onboard & Join Zeta
To get involved and potentially earn some tokens, you’ll first need to join up. You can do so by using this referral link.
Using a referral link will give you a Z score multiplier on joining
Once you’ve joined, we’ll want to look at earning some points. On Zeta, the concept of a Z-Score is used to track your activity. You’ll use this Z-Score to build up your activity and help work through the ranks.
Your Z-Score helps to determine loyalty. Source: Zeta
Your activity will be ranked according to your position at the close of each epoch. Seasons 1 & 2 have closed and resulted in rewards for eligible users, but we can still build our score up for the Genesis epoch which has trading rewards and other bonuses still allocated.
The window to get on board is closing fast though, so if you’re interested in starting it’s a good idea to get involved soon so you still have some time to earn some points.
Building Your Z Score
The easiest way to build your Z-Score is by actively trading. If this isn’t to your choosing though you can also earn points by providing liquidity or referring others to the platform.
While trading isn’t the only way to earn points, it’s probably the easiest. Source: Zeta
For the purposes of today’s article though, we’ll be looking to earn via trading, so we’ll be starting this. Firstly, we’ll need to fund our account with an amount we are willing to risk. We can do this by going to the portfolio tab.
Then we’ll hit “Deposit” and deposit our currency of choice into our account.
With Zeta being powered by Solana, you should find this to be a quick and easy process. Although, you may experience the occasional issue due to Solana congestion. If this occurs, you’ll simply need to repeat the process. It’s also worth mentioning here that you’ll need to ensure you have some SOL in your wallet to deal with gas fees when you’re trading.
Once you’re trading account is funded, we’ll want to go to the “Trade” tab. Then, we’ll use SOL-PERP trades to keep things nice and simple.
Like most De-Fi based activities we can use the market price to process our transaction, or we can use a limit order to keep things a bit more controlled. We’ll use a market order of 1 SOL to keep things nice and simple.
Once we are prepared to place the order we can see two things. Our Z-Score that we’ll earn for the transaction, and the most important part, is the liquidation price for the trade. We should understand that reaching this price means the entire position will be liquidated leading to a loss of funds.
Zeta has also introduced the “multiplier” concept. This means that at some points during your trading transactions, you may receive a multiplier that helps earn you some additional Z points.
Once you’ve done some trading, you’ll be able to start tracking your position in the Genesis Epoch. However there is no rewards calculator available untill the end of the epoch, so the best way to keep your position moving is to trade consistently to build up volume and increase your chances of getting a multiplier.
Some Considerations
It’s here that we’ll give another reminder that you should make decisions based on your own circumstances. This typically means you’ll need to review the documents, get into the discord and do your own research on the pros and cons of any given project. So with that said, here are a few essential links to help with that process
Join the Zeta Discord
Join Zeta to Start Trading
Review the Full Zeta Documentation
Using a referral link gives an instant Z-Score boost for you to capitalise on. Source: Zeta
It’s worth mentioning one last thing before we close out though. Often, once a token has been launched airdrop farmers will remove liquidity and move on to the next project. While this isn’t great for the protocol, it can be a bonus for committed users as it can become much easier to build a profile and work your way up the leaderboard. With that said, let’s check out the current placements and leaderboard.
While there are some large scores currently in the top ten, we can also see that even a modest Z-Score can still be pretty competitive. So, the only question to ask is. Why haven’t you got involved yet?
If you found this article insightful, informative, or entertaining, we kindly encourage you to show your support. Clapping for this article not only lets the author know that their work is appreciated but also helps boost its visibility to others who might benefit from it.
🌟 Enjoyed this article? Join the community! 🌟
📢 Join our OSINT Telegram channel for exclusive updates or
📢 Follow our crypto Telegram for the latest giveaways
🐦 Follow us on Twitter and
🟦 We’re now on Bluesky!
🔗 Articles we think you’ll like:
- What The Tech?! Rocket Engines
- OSINT Investigators Guide to Self Care & Resilience
✉️ Want more content like this? Sign up for email updates