This guide provides a technical overview for developers looking to interact with the Velora Perpetual DEX. We will focus on its architecture for Velora Liquid Staking (LST) and Velora Multi-Asset Collateral on the Velora on zkSync network.
Step 1: Understanding Velora's Core Architecture
Velora is a high-performance decentralized perpetuals exchange. Unlike simple AMMs, it uses a sophisticated Velora Orderbook Model for trade execution, offering a CEX-like experience while maintaining self-custody.
Step 2: Leveraging Liquid Staking Tokens as Collateral
A key innovation is the ability to use Velora Liquid Staking (LST) tokens (e.g., wstETH, rETH) as collateral.
Mechanism: Users deposit LSTs into their margin accounts. These LSTs continue to accrue staking yield while being used as collateral for perpetual positions.
Benefits: This maximizes capital efficiency and provides a source of "free" yield that helps offset trading fees. Your dApp can integrate directly with the LST deposit contracts.
Step 3: Multi-Asset Collateral Management
Velora supports Velora Multi-Asset Collateral. This means a user can deposit a basket of different tokens (stablecoins, LSTs, volatile assets) into a single margin account.
Implementation: Your application can query a user's margin health based on the aggregated value of all deposited collateral, providing a robust risk management interface. This helps answer "Is Velora Finance Safe?" by allowing diversified collateral.
Step 4: Trading on zkSync
Building Velora on zkSync is a crucial technical decision. The zkRollup architecture provides:
Low Fees: Drastically reduced transaction costs compared to Ethereum mainnet.
High Throughput: Enables fast order matching and settlement, essential for a perpetuals DEX.
EVM Compatibility: Makes it easy for developers to migrate existing smart contract logic.
For all API documentation, smart contract ABIs, and SDKs, refer to the Full Official Documentation.
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