TEZEX Plans for Sirius (LB)

TEZEX's Sirius-first approach to liquidity aggregation

In 2023, TEZEX shifted its focus from its atomic swap bridge to prioritize enhancing support for LB/Sirius, Tezos’ native liquidity baking mechanism. As part of this transition, the TEZEX website was updated with a streamlined LB/Sirius Dashboard, designed to cater to both traders and liquidity providers.

For Traders: The dashboard enables seamless trades between XTZ and BTC (via tzBTC), leveraging the liquidity and low-slippage benefits of Sirius.
For Liquidity Providers: The platform simplifies the process of adding and removing liquidity to the Sirius DEX, providing an accessible interface for participants to engage with the largest liquidity pool on Tezos—that is, [the same as] creating and redeeming the Sirius (SIRS) token.

TEZEX Roadmap to build on Sirius/LB

Building on its Sirius-centric approach, TEZEX has ambitious plans to expand its offerings, including:

1. Reintroduction of the Atomic Swap Bridge: TEZEX plans to relaunch its Bitcoin-to-Tezos atomic swap bridge, enabling users to:

Seamlessly acquire tzBTC: Bitcoin holders will be able to convert their BTC directly to tzBTC without relying on centralized exchanges or complex intermediary steps.
Streamline LB liquidity management: Users can provide and remove liquidity in Sirius directly using native Bitcoin, reducing the friction associated with acquiring or redeeming tzBTC.

2. Leveraged Trading via TezFin: TEZEX will integrate leveraged trading capabilities by utilizing backend connections to the TezFin lending platform. This will:

Enable users to open leveraged positions on XTZ-tzBTC trades.
Lay the foundation for advanced derivatives trading, including perpetuals and power perpetuals (see below).

3. Enhanced LP Analytics and Tracking: TEZEX plans to develop sophisticated tools for liquidity providers, offering:

Detailed tracking of LP rewards, including transaction fees and block subsidies.
Historical performance metrics for LP positions.
Insights into pool dynamics, such as trading volume and fee generation.

4. Bridging to Layer 2s (L2s): The platform will streamline connections to emerging Tezos L2 solutions like Etherlink, Jstz, TezLink enabling:

Fast and cost-efficient bridging of liquidity and trading activities.
Improved scalability for high-frequency traders and [in the case of Etherlink] EVM-'bound' LPs seeking to interact with Sirius and Tezos markets overall.

5. Expanded Derivatives Offerings: By leveraging its integration with TezFin and advanced analytics, TEZEX aims to introduce powerful derivatives products:

Perpetuals: Leveraged trading contracts allowing long or short positions on assets such as XTZ, tzBTC, and SIRS, enabling traders to speculate on price movements with greater flexibility.
Power Perpetuals: Advanced leveraged contracts offering amplified exposure to price changes, with leverage options of 2x, 3x, or higher for assets like SIRS, designed for traders seeking high-risk, high-reward strategies.

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Last updated 3 months ago

TEZEX Roadmap to build on Sirius/LB

Building on its Sirius-centric approach, TEZEX has ambitious plans to expand its offerings, including:

1. Reintroduction of the Atomic Swap Bridge: TEZEX plans to relaunch its Bitcoin-to-Tezos atomic swap bridge, enabling users to:

Seamlessly acquire tzBTC: Bitcoin holders will be able to convert their BTC directly to tzBTC without relying on centralized exchanges or complex intermediary steps.

Streamline LB liquidity management: Users can provide and remove liquidity in Sirius directly using native Bitcoin, reducing the friction associated with acquiring or redeeming tzBTC.

2. Leveraged Trading via TezFin: TEZEX will integrate leveraged trading capabilities by utilizing backend connections to the TezFin lending platform. This will:

Enable users to open leveraged positions on XTZ-tzBTC trades.

Lay the foundation for advanced derivatives trading, including perpetuals and power perpetuals (see below).

3. Enhanced LP Analytics and Tracking: TEZEX plans to develop sophisticated tools for liquidity providers, offering:

Detailed tracking of LP rewards, including transaction fees and block subsidies.

Historical performance metrics for LP positions.

Insights into pool dynamics, such as trading volume and fee generation.

4. Bridging to Layer 2s (L2s): The platform will streamline connections to emerging Tezos L2 solutions like Etherlink, Jstz, TezLink enabling:

Fast and cost-efficient bridging of liquidity and trading activities.

Improved scalability for high-frequency traders and [in the case of Etherlink] EVM-'bound' LPs seeking to interact with Sirius and Tezos markets overall.

5. Expanded Derivatives Offerings: By leveraging its integration with TezFin and advanced analytics, TEZEX aims to introduce powerful derivatives products:

Perpetuals: Leveraged trading contracts allowing long or short positions on assets such as XTZ, tzBTC, and SIRS, enabling traders to speculate on price movements with greater flexibility.

Power Perpetuals: Advanced leveraged contracts offering amplified exposure to price changes, with leverage options of 2x, 3x, or higher for assets like SIRS, designed for traders seeking high-risk, high-reward strategies.