Long or short anything with a price
Up to 10x on index ETFs, 5x on blue chips and crypto. Market, limit, stop-loss and take-profit orders, isolated or cross margin.
Open perpetualsStocks, ETFs, crypto and commodities. Perps, options, lending and borrowing on Robinhood Chain, from one margin account.
Three products
Up to 10x on index ETFs, 5x on blue chips and crypto. Market, limit, stop-loss and take-profit orders, isolated or cross margin.
Open perpetualsCash-settled calls and puts with a live chain, Greeks and a strategy builder for spreads and straddles. The premium is your max loss.
Open optionsLock tokenized shares as collateral and draw USDG up to a fixed loan-to-value limit. Interest accrues per block, the shares stay yours.
Coming in V2.0Prices from Chainlink behind a staleness and deviation guard, margin in one vault, settlement by contracts anyone can read. Check every number yourself.
0 Markets live
SourceStocks, ETFs, crypto and commodities, each priced by an oracle and settled in USDG.
One margin account
Every product draws on the same USDG balance. Pick a market and try the numbers, priced live; nothing is signed.
Perpetuals
Set a side and a leverage and watch the outcome across prices. Oracle mark price, limit, stop and take-profit orders, cross or isolated margin.
Learn about perpsOptions
Pick a strike and see the payoff at expiry. Weekly and monthly expiries, Greeks on every strike and a strategy builder, settled in USDG.
Learn about optionsEvery market settles in USDG against one vault. Switch from Nvidia to Bitcoin to gold without moving funds, bridging or opening another app.
Roadmap
The testnet runs every feature today. V1.0 opens mainnet the day ZENO launches; the rest follows in stages, each checked before the next.
Six modules · one vault · one oracle path
Press a block to list its contracts
Verified on chain
Six modules, each behind an ERC-1967 proxy. Hover a block to light up its contracts; open any address on Blockscout.
ZenoMarketRegistry
Lists every market (stocks, ETFs, crypto, commodities) and its parameters.
ZenoVault
Holds trader collateral and settles every trade's PnL.
ZenoCollateralManager
Keeps the ledger of what each account has deposited.
ZenoFeeManager
Collects trading fees and routes a share to the buyback module.
ZenoBuybackModule
Uses protocol revenue to buy back the protocol token.
ZenoRiskManager
Sets each market's open-interest cap and leverage tiers.
ZenoOracleRouter
Routes and validates the mark and index price every contract reads.
ZenoPriceValidator
Rejects stale or out-of-bounds oracle prices before they're used.
ZenoPerpsEngine
Executes leveraged long and short perpetual positions.
ZenoPerpPositionManager
Stores perpetual positions; the perps engine is the only writer.
ZenoFundingManager
Charges the side pushing price away from index, pays the other.
ZenoLiquidationEngine
Lets anyone liquidate an eligible position for a reward.
ZenoPerpOrderManager
Holds resting limit and trigger orders until they fill.
ZenoOptionsEngine
Prices and settles cash-settled calls and puts.
ZenoOptionMarket
Tracks each option series and its open interest.
ZenoOptionPositionManager
Stores option positions; the options engine is the only writer.
ZenoInsuranceFund
Covers a liquidated position's shortfall so bad debt stays rare.
ZenoCrossMarginManager
Backs a cross position with the whole account, not just itself.
ZenoSubaccountFactory
Creates subaccounts and limits what they're allowed to call.
ZenoRFQManager
Lets a market maker quote a user's trade directly, off the order book.
