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ZUNO on ZetaChain: All the Liquidity, One Universal Dex
Recorded: July 29, 2025 Duration: 0:29:48Space Recording
Short Summary
Zuno has launched its innovative cross-chain DEX on Zeta Chain, enabling seamless swaps between multiple blockchain assets without third-party bridges. The project aims to enhance user experience and yield opportunities while addressing emerging trends in the DeFi space.
Full Transcription
Thank you. Hello? Thank you. Thank you. Thank you. Hello, hello, hey, can you hear me?
Yes, I can hear you. Good morning. Hey you good morning hey good morning good morning how's it going you having a good day well i'm doing well i'm doing well um yeah everything's
going well just woke up a couple hours ago but yeah overall doing well awesome awesome awesome
great to hear that so you'll be joining joining with this account, right? Is there anyone else joining as well?
I think it'll just be me. It's completely fine.
Okay, awesome, awesome. So I see we have quite a few people tuned in. So why don't we get started?
So first of all, welcome everyone to join our AMA space today. We've got a very, very exciting one.
And it's all about Zuno on Zeta Chain,
all the liquidity and one universal dex.
We're very excited to dive into Zuno on Zeta Chain,
get to know a little bit about the project
and see what we can all look forward to.
And joining us from Zuno is Alex Kim,
who is the Chief Marketing Officer of Zuno.
Firstly, welcome Alex to join us and we're very excited to have this conversation and get to know
more about Zuno. So before we get started, I'd like to let everyone know that we have
an additional $100 worth of Zeta tokens to give away for the AMA live participants.
So just make sure to like, share this Twitter space and drop your questions in the comments
section below.
And after we finish our main part, I'll be picking five of the most interesting questions
for Alex Kim to answer.
So yeah, let's get started.
So first of all, welcome Alex to the show and
it would be great to hear a little bit about yourself, a little bit about Zuna as well.
Awesome. Yeah, well, great to be here. My name is Alex. I've been in crypto for about
eight, nine years now. Yeah, almost nine years. I started off just in just trading in the space I think
it was a really good opportunity um from there I did some of my own startups in mostly deep
by oriented so I did some defy insurance startups some lending protocols um some work some didn't
and then I also did some nft gaming startups with some friends in the last cycle as well, when gaming was pretty much the hype of everything.
Afterwards, I moved over to Binance where I was at Binance for about two years. I was across BNB chain. I was across some other parts of Binance as well, just doing BD work for them and some other roles.
parts of Binance as well, just doing BD work for them and some other roles.
Yeah, and then afterwards, I was contracted with a couple of DeFi startups for about six
months.
So I was working with three or four different DeFi startups to really optimize some of their
partnerships and doing some other initiatives for them as well before I joined Zeta Chain.
So what Zuno is, is we're pretty much a cross-chain DEX built on Zeta Chain. So
think of us as like DoorSwap or ChainFlip, if you're familiar. A user on Zuno can swap between
Bitcoin to Solana, or even from Bitcoin to SWE, Bitcoin to any chain, and vice versa. You can
swap from Solana to Bitcoin without wrapping and without bridging. So we don't work with any third
party bridges. There's none of that on Zuno. We don't work with any third-party bridges.
There's none of that on Zuno.
We don't wrap our assets as well.
Everything is completely native.
And this is all built from the Zeta Chain protocol as well.
Awesome.
Thank you very much for that.
So now let's dive a little bit deeper into Zuno, right? So how do you think, you know, Zuno sets itself apart from other DEXs in the ecosystem?
So there's a couple DEXs on, I mean, it's a pretty simple answer, I would say.
So if you're on DEXs on other ecosystems, you can only do swaps between only the same chain. So if you're using a DEX on Polygon,
for example, you can only swap between Polygon assets, right? If you're a DEX on, I don't know,
Avalanche, you can only swap on Avalanche assets. However, the difference between Zuno is that you can do swaps between any asset from any chain to any other asset on any chain in just one single
click. So right now there are bridges, right?
There's Li-Fi, there's a cross, there's Seabridge, et cetera.
But then it's a pretty confusing user experience, in my opinion.
You always have to connect more than, you have to always have a couple wallets.
It's a third-party solution, et cetera.
So we just decided to combine it all.
And we just said, hey, why don't we just build a cross-chain decks where it also has its own liquidity pools and you can swap between any
of these assets from any chain there's no wrapping and there's no bridging and the key differentiator
is there's no bridging so the fees to swap from one chain to another is significantly cheaper
So the fees to swap from one chain to another is significantly cheaper than what's offered on other DEXs and other bridges as well.
If you also compare us to Chainflip, which is another cross-chain DEX as well, you're limited in terms of what assets you can swap as well as what chains are available.
So on Zuno, there's a greater number of chains that a user can swap from and a greater number of
assets that a user can swap from without bridging as well.
Awesome. Thank you for that. That's a very clear answer. Thank you. So moving a little bit deeper,
right? A lot of users have been, you know, wanting to know about what's in store as well for the
future. So can you share a little bit about, you know, the upcoming roadmap that you have for Zuno
and what are the priorities for the team right now?
Absolutely.
So a lot of this is going to be influenced by the Zeta Chain protocol.
And I think Zeta Chain is doing a really great job
of building the underlying protocol
to enable some of these great long-slip user experiences
without wrapping
or without bridging. Across Zeta Chain's apps in the ecosystem in general, there's no bridging.
And I keep on saying there's no bridging because it's really important that there's no wrapping
assets either. It's just a single-click UI UX. And this goes into what Zuno is going to do as well with some of the other apps on Zeta Chain ecosystem, allows users to deposit native Bitcoin, mint a CDP stablecoin on Zeta Chain in a single click.
You sign in with your Bitcoin wallet, you approve the transaction, and you mint out a stablecoin on Zeta Chain.
Or you can use Bitcoin or Solana as well to deposit into yield opportunities or lending markets on different chains as well in one click.
So the way that Zuno, Zuno right now is just a simple cross-chain index.
But Zeta Chain provides the tools and infrastructure to allow us to compete against other big players
as well.
So, for example, one of the things that we have in the roadmap is to introduce intent
models.
So, even though we are relatively fast right now, roadmap is to introduce intent models. So even though we are relatively
fast right now, we want to introduce intent models into the Zuno protocol so that a user can do
stablecoin transfers between one chain to another in less than one second. With very, very, very
little slippage as well, competing against all the big DEXs or cross-chain DEXs like Chain Slip and DoorSwap
as well.
We're confident that we're able to do this.
And in the future as well, there are other opportunities to involve earning features,
to tap into other yield aggregator products in the ecosystem to enable that into the homepage
of Zuno.
So as soon as a user swaps into an asset,
we'll find you an earning opportunity.
And then you can deposit into the highest available one.
And we also have some other AI features that are going to be enabled as well,
as part of Zuno as well.
I feel like it's a given that most of the user experiences
enabled by Zeta Chain is a single-click UI US,
but we want to take it a step further
and do something that's
convenient for our users as well.
Awesome.
Thank you, Alex.
So I wanted to dive into one of those points that you mentioned.
So one of the key product features for Zuno is to do native BTC
swaps between chains and other assets, right?
So how are you enabling this?
And could you maybe explain again,
like, why is it different from
TorSwap or Chainflip?
Absolutely.
So this goes into Zeta Chain protocol.
So Zeta Chain,
the way that they're able to connect to Bitcoin
is really interesting.
So there's a custody address on Bitcoin, right?
And Zeta Chain has its own smart contract layer and its own validator sets.
So this is very different from a two-way bridge like other fake Bitcoin L2 solutions that we tried as well.
Essentially, when the user deposits one Bitcoin into native Bitcoin by connecting their Bitcoin wallet,
the validators on Zeta Chain pretty much say,
hey, gate IO here deposited one Bitcoin. Zeta Chain protocol mints out an equivalent version
of Bitcoin. And when you're doing a swap to Solana, let's say it swaps through Zuno, which is us,
that equivalent amount in Solana gets burned. And then native Solana is withdrawn from the
custody address on Solana back to the user wallet.
However, everything here that I talked about, all the complexity of the minting, the burning, custody address, MPCTSS, observer signers, validators, etc., the user doesn't have to care about that.
You don't even have to know about that.
It's just a single-click swap between one chain to another using that
protocol I just talked about. So the way that we're different from some of our competitors
like door swap or chain flip in this case is one is chain availability. Right now chain flip is
very limited to the number of chains that they're available on and the number of assets that their
that a user can swap. The advantage to Zeta Chain is because we have our own smart contract layer,
and one of the things that we did with Zuno
is we tapped into other aggregators.
So the core team comes from Dodo Exchange, by the way.
So Zuno Dex is built by the Dodo Exchange products,
and we were the second largest Dex on BNB chain the last cycle.
We processed over 2 billion in transaction volume for BNB chain.
One of the things that we did
that highlights us that's different
from our competitors
is we can tap into other aggregators
because of what Zeta Chain enables
with their smart contract layer.
That's something that other projects can't do
because they don't have a smart contract layer.
So it's very limited to what assets users can swap into.
But if you want to swap, I don't know, let's say, I don't know,
AI agents on base, like ADN, Tiber, or whatever,
and you want to swap that into Bitcoin,
you can completely do that on Zuno.
It's very easy.
Any user can do it right now.
So yeah, I think we have a value-add competitive advantage
to enable these swaps.
Awesome. Thank you for that. I Very clearly stated what your advantage is. Thank you for that.
So I've seen this question pop up in a lot of our comments as well. So this, you know,
this infrastructure, so how is it used within the broader Zeta chain ecosystem?
So how is it used within the broader Zeta chain ecosystem?
Sure.
So every chain has a DEX, right?
BMB, PancakeSwap, ETH, Uniswap, Arbitrum, QuickSwap, or Uniswap Now, right?
All the protocols on each of those chains use ZEDX.
It's a given.
Zeta chain's apps are all cross-chain.
So even an example of Amano, which is another app that we're working with very closely, a user can connect their Bitcoin wallet or even their Solana wallet right now.
And they can deposit into lending markets on Aave, let's say on base. And if a user wants to deposit one Bitcoin or one Solana into this lending market on
Abe to earn, I don't know, 10%, let's say it's a single click deposit.
There's no bridging.
There's no multiple transactions that you have to do.
It's a single click.
So what happens and where we come into play is when the user
it deposits that one solana it gets swapped into uscc through zuno us and then zeta chain protocol
handles the rest to withdraw the uscc to the user and zeta chain can write smart contracts on other chains as well.
So Zeta chain will withdraw that USCC back to the user, but then also deposit on behalf
of the user to that USCC Aave lending market on Ethereum base, BNB chain, whatever in one
single click, no bridging, no multiple tabs in one single click.
All of the swaps being routed through Zuno Dex.
So all of the cross-chain applications on ZetaShane
will rely on Zuno to do all the cross-chain swaps
for the applications.
Awesome. Thank you for that, Alex. Very, very clear as to how you guys are doing this
and how it helps the broader ecosystem as well. And now moving on to the final question,
right? So in your opinion, what do you think is next for Dex and DeFi? Are we seeing more
intent-based or RFQ or Uniswap X models?
It would be nice to hear a little bit about your thoughts on this.
Sure.
So what's next for Dexam DeFi, in my opinion,
is we're going to see a lot more centralized solutions.
And the reason why I say this is, unfortunately,
the crypto part of the UI still sucks to this day.
And centralized solutions are the best solutions to onboard the
next billions of users into web3 you're already seeing them now a lot of these intense requests
for quote or other protocols are all using market makers to transfer assets from one user to another
directly from centralized exchanges users don't really know about this because most users don't care
to dig a bit deeper into the protocols themselves.
But we already have centralized solutions that are being disguised as decentralized solutions.
What I see becoming next for DEXs and DeFi as a whole
is how we can speed things up and how we can enable direct user transfers.
We're even seeing this in most bridges as well, where they're directly sending it from
a centralized exchange to the user because they want to compete on speed and cost, right?
Decentralized solutions will always be more expensive and they will always be more timely.
I think I just want to be very honest on that.
So for us, at least in the roadmap for dex and defy we want to enable more
intent-based solutions i mean this is where everything is going one inch other aggregators
they're pretty much all centralized solutions now with inside models and requests for quote models
whatever um the user doesn't know it but now all the users are using them now so it's obvious for us that we have to catch up
um in the future i do see something with hooks you need swap before style hooks as well some
other innovations um but yeah in general i see for texas and d5 we're going to start seeing
a lot more centralized solutions for texas specifically
and for the broader d5 ecosystem as well, I think it's mostly just stablecoins.
Awesome. Thank you very much for that. Very clear answer on that as well. So now we've covered the
main questions and I see that we have over a thousand questions submitted to answer.
So I've actually just picked a couple of questions,
which I think are pretty interesting
and would be awesome for Alex to answer as well.
So the first one I have is from Reza271590.
So the question goes,
what are Zuno's long-term goals
for expanding its ecosystem?
And might there be certain targets
like possibly integrating additional blockchains?
Yeah, so Zeta Chain,
this all depends on Zeta Chain,
but we work with them quite closely
to give them some recommendations based on what we're seeing from different ecosystems.
So they just recently integrated SWE.
We're seeing a lot of movement on SWE.
Specifically, Dex Volume is a little stablecoin transfer, so the team integrated SWE.
And now Zeta Chain has TONG coming up as well, so that's great.
I think after SWE and TONG, there's going to be no additional chains, and I think this is pretty wise. The Zeta Chain has Thong coming up as well. So that's great. I think after Sui and Thong, there's going to be no additional chains.
And I think this is pretty wise.
The Zeta Chain team is pretty small.
They're all US-based as well.
Most of it is US-based.
And honestly, with the team size of 30 people,
we need to focus on how we can enable more product features
rather than chain availability.
The bet is that a lot of these chains,
I mean, from the Zuno perspective as well,
a lot of these chains are not going to exist
after the bolt run.
A lot of them will just become dead.
So we want to put our bet and consolidate it
into the couple of chains that we think
are going to continue to have sustained volume
and making sure that we're able to provide value
in terms of product features and transaction volume
and transaction count between these chains that we think are to provide value in terms of product features and transaction volume and transaction count
between these chains that we think are going to make it.
Awesome, thank you for that, Alex.
And now we have our next question from Tolga Ozek,
and that is, will Zuno be partnering with other projects
in the new future?
Yeah, so just said it previously as well.
We're going to partner, we already partnered with
our ecosystem apps. We're more
than happy to partner with other aggregators
and other ecosystem
applications outside the Zeta Chain
ecosystem as well. So yeah,
we have our DMs open, you can always just reach
out to us if you have any proposals. But
yeah, I looked through it pretty seriously.
I think if there's a value add on both sides, you can definitely make something work out.
Awesome. Thank you for that, Alex. And the next question is from Kenzie. So this question goes,
how does Zuno ensure near zero slippage during trades?
So there's a couple of things that we do. We have something called private market-making pools,
and it's pretty much,
it's like a combination of different
AMM-style pools,
just in one PMM pool.
So, for example,
we did a USDC,
USDC from Sol,
USDC.eatSwap together.
So that's one.
We set the fee tier very low, and the management position
of the specific pool is less than 0.5%. So a user can swap, let's say, $2,000 between these two
specific chains with usdc with very near zero slippage. So if you want to swap $1,000, you'll most likely get, depending on the rate at the time, 9,999.99.
Or depending on some cases where if the liquidity is imbalanced, you can get 1,001, for example.
So yeah, everything is pretty much near zero slippage.
And we also have stable swap pools as well, with a very slow feed tier and tight management range as well
to enable other stable coin transfers between other chains as well for the time being.
But again, we are also introducing intents as well in the next several weeks
where we're going to have our own intent solver model
to also enable near-zero surface transfers between those different chains
as well as faster transfer speed as well.
Awesome. Thank you for that, Alex.
And now we'll move on to the next question from Dan and Zahn.
So the question goes,
marketing is a central element for every successful project, right?
So what would you say is Zuno's strategy
for attracting new users and keeping them long term?
The DEX space is very competitive.
However, in my opinion, if we're not focusing on trading routes, and if we're not focusing
on what we enable, then we're not going to make it in terms of go-to-market and marketing,
just being very transparent with you.
If the product has no value add, like most DEx's on other ecosystems, like Dex's that
try to compete with QuickSwap or Uniswap on other chains, if you have no value add, you
cannot compete no matter how much marketing you do, period.
The value add for us is that in the cross-chain Dex space, there's maybe a couple bridges
and a couple only chain flip and door swap there.
So we have a very limited number of competitors in the space.
In terms of go-to-market and marketing strategies that we do, we already enable a lot more routes than what our competitors enable already.
So for us, the marketing strategy is to make sure that we're keeping up with market trends, right?
So if there's a new meme coin or something that's like X stocks, meme coins, or anything that's happening,
we always want to make sure that we promote to our users what other routes are available besides what you can do on breaches or other DEXs.
For example, right now, Bitcoin users, you can't swap from Bitcoin to an AI agent on base.
You just can't.
We can do that.
You can't swap from Bitcoin to X stocks on Arbitrum. You can't do that, but we can do it in a single click so we'll promote routes um second is product features
i think that's what's more important um attracting product or creating product features that is going
to attract trading volume and transaction count and then third is how can we partner how can we
do partnerships with each chains so we're talking with a number of people who are going to be
in the same category so we're talking about the number of people who is going to attract trading volume and transaction count
and then third is how can we partner how can we do partnerships with each chains so we're talking with a number of different chains right now given our previous relationships with them and how do we
get more involved within their ecosystems how do we get their applications to use us because we can
be available on any chain built on data chain and how can we be involved in those chains ecosystem campaigns as well it's a given for them right they can attract liquidity from all these other chains into
their their own chain if they want to as well so we have a lot of flexibility and we have a lot to
work with and i think a lot that has to do with our product value add and the opportunities that
data chain enables um us to build.
Awesome. Thank you for that, Alex.
And now we've got the final question from Fabrain.
So his question goes, what capabilities or tools will the project have
to support algorithmic and high-frequency trading strategies,
especially given the importance of speed in perpetual markets?
Yeah, so I just want to say that we don't have plans to integrate perps right now.
I think a lot of that is just going to go to Hyperliquid.
We're just the decks, man.
For any sort of advanced trading strategies and such,
we can put in limit orders and such.
And we can certainly do some other swaps to make Bitcoin routes more efficient and more faster, like intense.
Or maybe there's dollar cost average swaps.
But if you want to do high frequency trading and such, we're not a perp tax.
Okay, awesome. Thank you for that.
And now we've come to the end of the session.
It's been very, very informational.
Alex, you shared a lot, especially as to what Zuno is
all about, the collaborations with Zeta Chain as well,
and what we can look forward to in the near future.
So as a closing remark, is there something that you'd
like to say to all the listeners
regarding Zuno?
Yeah, I think just
go on zunodex.xyz
if you're curious.
You can use it right now.
We just launched a week ago.
It's a soft launch.
So if you have any bugs, if there's any
product issues that you're facing,
please just join our Discord and socials and let us know.
We want to make sure that the user experience is right for you.
Yeah. I think everything is pretty straightforward.
Yes, it is indeed. Thank you very much, Alex, for sharing.
Also, for everyone listening,
please make sure to give Sununo a follow as well.
Make sure to check out their decks and enjoy as well. So once again, thank you very much, Alex,
for joining us. And thank you to all the listeners and make sure to give Zuno a try as well. All
right. So bye-bye. Thank you. All right. Bye-bye. Bye-bye.
