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.

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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.