Launch app

Exchange layer

In design · not live

The venue the protocol does not own yet

Zen Exchange is the trading layer we intend to run ourselves: spot pairs, our own listings and a real price for ZNBX. None of it is live. This page explains what it is for and how far along it is.

See what converts todayZen Converter is live, at a declared rate.

Why build it

  • Zen Yield reaches external venues through APIs and smart contracts. Their uptime is not ours to guarantee, and our own terms already say so.

  • ZNBX does not trade anywhere, so the converter uses a rate Zenboox declares. A venue is what turns a declared rate into a discovered price.

  • Listing rules, custody of the pair and the settlement path are decided by whoever runs the venue. Today that is never us.

Planned

What it is meant to do

Four things, in this order. The first three are design commitments you can hold us to; the fourth depends on a token that has not been issued on any chain. None of them is running, and none of them is a feature you can use.

  • Spot pairs

    Buy and sell listed assets against USDT, with the order and the fill landing on the same double-entry ledger the rest of the platform already uses.

  • A price for ZNBX

    A market where the token's rate is discovered by trading instead of declared by us, and where conversion stops being the only way in and out.

  • Our own listings

    Assets we choose to support, with the criteria published before the first one is added rather than explained after it.

  • On-chain trading of ZNBX

    If ZNBX is ever issued as an on-chain asset, trading it there belongs to this layer too. How such a trade would settle, and who would hold the assets, is not designed.

Where it stands

Ordered, not dated. We are not publishing a quarter we would later have to defend, and a date nobody measures is worth nothing to you.

  1. 1

    Design

    Current phase

    Matching model, custody boundary, and how a fill reaches the ledger without breaking the balances the rest of the platform depends on.

  2. 2

    Build

    Not started

    The venue itself, behind a flag, with settlement wired into the deposit and withdrawal rails that already exist.

  3. 3

    Independent review

    Not started

    External review of the contracts and the settlement path before anyone can place an order with real funds.

  4. 4

    Public access

    Not started

    Opened in stages, under the same per-network and per-operation switches that already govern deposits, withdrawals and conversion.

The venue is new, the rails are not

Settlement is planned on the same 4 networks the platform already runs deposits and withdrawals on. Today there is no separate chain, no separate wallet and no separate balance here: the platform is custodial and your balance is recorded in our ledger.

  • Tron
  • Solana
  • BSC
  • Arbitrum

What is not true today

Read this section before the ones above it.

  • There is no order book, no matching engine and no way to place a trade.
  • No asset has been listed, and no listing has been promised to anyone.
  • ZNBX has no market price. The only rate that exists is the one Zenboox declares in Zen Converter.
  • No launch date has been set, publicly or internally.
  • ZNBX exists only as a balance in our ledger. No token has been issued on any chain, so there is nothing on a chain to trade.
  • There is no on-chain holding you control: your balance is a claim on us, recorded in our ledger. Changing that would change the terms, and no such change has been made.

This page is not a change record. The figures that decide what an investment is worth are versioned separately, in <changes>protocol changes</changes>.