Architecture of Zeuz

Derivatives Clearing Protocol

The Derivatives Clearing Protocol is the foundation of Zeuz, enabling non-custodial clearing for derivative instruments. This protocol transforms Zeuz into a self-reinforcing liquidity network by aggregating positions across multiple markets and exchanges into a single margin account.

Key Benefits:

• Capital Efficiency: Traders can offset losses in one position with profits in another, leverage portfolio gains immediately, and minimize margin requirements by accounting for P&L offsets between positions.

• Collateral Management: Collateral is managed through a system of collateral pools, ensuring safe collateralization, cross-collateralization, and efficient liquidation processes.

• Transparency and Security: All trades are settled on-chain, eliminating risks associated with centralized custodians.

This mechanism provides unparalleled capital efficiency, ensuring that Zeuz traders experience a secure, transparent, and high-performing trading environment.

Liquidity Layer

The Liquidity Layer in Zeuz leverages a passive liquidity mechanism that integrates the best features of Automated Market Makers (AMMs). This innovative design acts as a meeting point for makers and takers, aggregates liquidity, and delivers a single, unified price for every trade.

Core Features:

• Continuous Liquidity: The system ensures liquidity and price quotes are always available, allowing traders to execute trades at acceptable prices.

• Effortless Liquidity Provision: LPs (Liquidity Providers) can passively manage their capital without the need to continuously update quote prices.

• Market Balance: Liquidity pools act as temporary counterparties, bridging long and short open interests to address market imbalances.

• Risk and Efficiency: Features like a constant-product pegging mechanism, dynamic funding rates, and robust risk management through Reya’s margin system optimize capital efficiency for traders and LPs alike.

With over $250 million in liquidity, the passive liquidity pool supports deep and reliable liquidity for the offered markets, empowering seamless trading.

rUSD

The rUSD stablecoin is the native currency of the Reya Network and a critical component of the Zeuz ecosystem. Initially launched as wrapped USDC, rUSD ensures all P&L exchanges are conducted in a neutral native token, streamlining margin management and settlement processes.

Key Use Cases:

• Acts as the universal settlement token for all trades within Zeuz.

• Facilitates efficient margin management and settlement processes across the platform.

• Powers other financial operations like fees, insurance funds, and system reserves.

Future Vision:

• rUSD is designed to evolve into a fully integrated stablecoin, offering native yield and synergies with Reya’s Protocol Layer.

• It aims to become a reliable store of value and the backbone currency for the Zeuz ecosystem.

By embedding rUSD deeply within the Reya financial infrastructure, Zeuz ensures seamless, secure, and efficient financial operations for its users.