The state of trading perps on decentralized exchanges (DEXs) needs to be more secure and affordable. Most DEXs fail to account for risks, have low capital efficiency, and usually have a small set of markets available.

Vest is pioneering a risk-first, decentralized, highly capital-efficient perpetual futures exchange on the ZkSync network.

Vest is the perfect platform for proposing and trading perpetual contracts on assets with low fees, robust risk management, and transparent fees for liquidity providers.

Vest dynamically adjusts trading fees based on a trader’s risk appetite while creating separate sources of liquidity to protect LP capital and maximize risk-adjusted returns.

Vest Labs is taking a math-based approach to mitigate the risks involved in trading while reducing costs to provide fair returns for liquidity providers with the zkRisk engine.

zkRisk is Vest’s risk engine designed to manage risks and ensure trading solvency. zkRisk calculates the minimum capital required for solvency by considering the risk of trades using premia based on the difference in capital needed before and after trades to ensure solvency.

The zkRisk computation occurs off-chain before an on-chain verifier gets a ZK proof, ensuring transactions are accepted when proofs are valid. This approach allows the management of higher-risk positions and assets without exposing the LPs or AMMs to disproportionate risk.

zkRisk enables Vest to offer the ultimate perpetual futures platforms for LPs to provide capital, gain risk-free returns, and traders to open positions on many assets while paying for the risks they create securely.

Perpetual contracts on the Vest exchange platform are settled in USDC on the zkSync Era network.

You’ll pay two fees to trade on Vest: Premia and a flat execution fee, which are cheaper than the fees on other DEXs.

The mechanics of trading incorporate innovative risk management methods and fee structures for a utopian trading experience. Vest employs a dynamic fee adjustment mechanism, so trading fees are based on the risks a trader bears.

When the market is imbalanced (more traders open positions in one direction), Vest will adjust the fees and funding rates to ensure that traders contribute to the imbalance and pay more to compensate the LPs for the increased risk.

This approach distributes the overall risk and costs evenly among traders in the specified market to ensure market conditions are fairly managed.

Liquidity provision on Vest by design ensures that providers receive substantial returns with minimized risk exposure.

Vest’s LPs and AMMs (Automated Market Makers) receive Premia. LPs also receive a share of the flat execution fees. Vest’s AMMs take on traders’ profits and losses as a protective buffer.

The AMM's involvement means that LPs can expect to maintain their capital preservation over time and gradually earn fees proportional to their risk.

Vest’s ecosystem will provide LPs with one of the market's most delta-neutral, high-yield LP opportunities.

Many LP-based DEXs struggle with LP profitability, but Vest’s AMM buffer will prevent cases of profit losses after seasons of profitable trading to maintain consistent yield generation.

At the core, Vest’s foundational beliefs are centered around high capital efficiency, market fairness, robustness, and trustlessness.

Let’s dive into the core tenets of the Vest exchange:

1. High Capital Efficiency: Trades should be optimally priced for LPs and traders while liquidity is utilized to the maximum without compromising risk and safety.

2. Fairness: Participants should only pay for their risks, traders shouldn’t be charged arbitrary fees and slippage, and LPs shouldn't get arbitrary yields as compensation.

3. Robustness: Exchange solvency and capital safety is always guaranteed.

4. Trustlessness: Pricing calculations and risk metric variables are transparent and easily accessible, enforced via zero-knowledge technology onchain on the ZkSync Era Network.

Ideally, every perpetual DEX should share these core tenets; however, here Vest is pioneering these to build for the future of perpetual futures trading on DEXs.

Vest will launch later this quarter, and you can trade multiple markets supercharged with deep liquidity.

Vest is building the most advanced perpetual DEX with a similar philosophy with genuinely decentralized applications.

Stay in the loop and follow us across these social platforms to keep up the pace:

http://vest.exchange

http://x.com/@vestexchange

http://substack.com/@vestexchange

https://discord.com/invite/vestexchange/

http://docs.vest.exchange

Stay Vested!

The state of trading perps on decentralized exchanges (DEXs) needs to be more secure and affordable. Most DEXs fail to account for risks, have low capital efficiency, and usually have a small set of markets available.

Vest is pioneering a risk-first, decentralized, highly capital-efficient perpetual futures exchange on the ZkSync network.

Vest is the perfect platform for proposing and trading perpetual contracts on assets with low fees, robust risk management, and transparent fees for liquidity providers.

Vest dynamically adjusts trading fees based on a trader’s risk appetite while creating separate sources of liquidity to protect LP capital and maximize risk-adjusted returns.

Vest Labs is taking a math-based approach to mitigate the risks involved in trading while reducing costs to provide fair returns for liquidity providers with the zkRisk engine.

zkRisk is Vest’s risk engine designed to manage risks and ensure trading solvency. zkRisk calculates the minimum capital required for solvency by considering the risk of trades using premia based on the difference in capital needed before and after trades to ensure solvency.

The zkRisk computation occurs off-chain before an on-chain verifier gets a ZK proof, ensuring transactions are accepted when proofs are valid. This approach allows the management of higher-risk positions and assets without exposing the LPs or AMMs to disproportionate risk.

zkRisk enables Vest to offer the ultimate perpetual futures platforms for LPs to provide capital, gain risk-free returns, and traders to open positions on many assets while paying for the risks they create securely.

Perpetual contracts on the Vest exchange platform are settled in USDC on the zkSync Era network.

You’ll pay two fees to trade on Vest: Premia and a flat execution fee, which are cheaper than the fees on other DEXs.

The mechanics of trading incorporate innovative risk management methods and fee structures for a utopian trading experience. Vest employs a dynamic fee adjustment mechanism, so trading fees are based on the risks a trader bears.

When the market is imbalanced (more traders open positions in one direction), Vest will adjust the fees and funding rates to ensure that traders contribute to the imbalance and pay more to compensate the LPs for the increased risk.

This approach distributes the overall risk and costs evenly among traders in the specified market to ensure market conditions are fairly managed.

Liquidity provision on Vest by design ensures that providers receive substantial returns with minimized risk exposure.

Vest’s LPs and AMMs (Automated Market Makers) receive Premia. LPs also receive a share of the flat execution fees. Vest’s AMMs take on traders’ profits and losses as a protective buffer.

The AMM's involvement means that LPs can expect to maintain their capital preservation over time and gradually earn fees proportional to their risk.

Vest’s ecosystem will provide LPs with one of the market's most delta-neutral, high-yield LP opportunities.

Many LP-based DEXs struggle with LP profitability, but Vest’s AMM buffer will prevent cases of profit losses after seasons of profitable trading to maintain consistent yield generation.

At the core, Vest’s foundational beliefs are centered around high capital efficiency, market fairness, robustness, and trustlessness.

Let’s dive into the core tenets of the Vest exchange:

1. High Capital Efficiency: Trades should be optimally priced for LPs and traders while liquidity is utilized to the maximum without compromising risk and safety.

2. Fairness: Participants should only pay for their risks, traders shouldn’t be charged arbitrary fees and slippage, and LPs shouldn't get arbitrary yields as compensation.

3. Robustness: Exchange solvency and capital safety is always guaranteed.

4. Trustlessness: Pricing calculations and risk metric variables are transparent and easily accessible, enforced via zero-knowledge technology onchain on the ZkSync Era Network.

Ideally, every perpetual DEX should share these core tenets; however, here Vest is pioneering these to build for the future of perpetual futures trading on DEXs.

Vest will launch later this quarter, and you can trade multiple markets supercharged with deep liquidity.

Vest is building the most advanced perpetual DEX with a similar philosophy with genuinely decentralized applications.

Stay in the loop and follow us across these social platforms to keep up the pace:

http://vest.exchange

http://x.com/@vestexchange

http://substack.com/@vestexchange

https://discord.com/invite/vestexchange/

http://docs.vest.exchange

Stay Vested!