Zaros review

Zaros is a decentralized exchange for perpetual futures. Public reporting describes it as a platform that combines leveraged trading with liquidity from restaking, a design where staked assets are reused to secure other services. Some sources call it a derivatives platform built around liquid restaking tokens. Two third-party pages describe it as running on Arbitrum and Monad.

The public picture is incomplete. Snippets refer to a testnet phase in one place and to a private funding round of about 1.8 million dollars in another. The project's own homepage could not be retrieved for this review, so product details rest on third-party summaries rather than the project's own documentation.

For a reader, the practical question is whether the exchange is live, what it charges, and how its vaults handle losses. Those answers are not in the material available and should be checked directly with the project before any capital is committed.

A perpetual futures exchange lets traders take long or short positions on an asset's price without an expiry date. Traders post collateral, often called margin, and can use leverage to control a larger position. If the market moves against them far enough, the position can be closed automatically, which is called liquidation.

Zaros is described as a decentralized version of this model, where trades are settled on-chain rather than by a company. Its distinct element, according to the sources, is the use of vaults that take in restaked or liquid restaking assets. Restaking means a token that is already staked to secure one network is reused to secure another service, and the yield earned can be routed to support the exchange's liquidity.

What the sources do not explain is how the vaults share risk with traders, how liquidations are funded, or how the restaked collateral is valued. Those details matter for understanding loss scenarios, and a reader should look for them in the project's own documentation before depositing funds.

Trading fees, funding rates and vault fees are not published in the material available. Check the exchange interface for current fee terms before trading, since fees on perpetuals venues usually include trading charges and periodic funding payments.

The sources do not establish a full audit history. One search result points to a 2025 report hosted in a security firm's repository, but no findings or scope are included in the material available, so it should not be read as a complete audit record.

Funds in a decentralized exchange are generally held by smart contracts rather than a company, so the main risks are contract bugs, oracle or pricing errors, and failures in the restaking layer that the vaults depend on. Custody is non-custodial in the general model, though the project's own description of custody is not included in the material.

Perpetual futures are leveraged products and can result in total loss of posted margin. Online trading may be restricted by location, so check that it is legal where you live. Trading is for adults only, and anyone who feels they may be losing control of trading should seek support from a responsible gambling or financial counselling service.

Zaros is aimed at experienced traders who want to trade leveraged perpetual futures on-chain and who hold, or are interested in, restaked or liquid restaking assets. It is less suited to beginners, who should first learn how margin and liquidation work on any perpetuals venue.