Order

Order Types

• Market Order

  A market order executes immediately against Zygo’s liquidity pool at the current index price.

  • No price guarantee: the execution price may differ slightly due to slippage.

  • Fast execution: intended for immediate fills in a single transaction.

• Limit Order

  A limit order executes only when the mark price reaches your specified level.

  • Buys execute at or below your limit; sells at or above your limit.

  • Execution is not guaranteed if the market never reaches your limit.

  • Orders remain open until the conditions are met or the user cancels them.

Notes

Displayed prices on Zygo reflect our oracle-driven index methodology. Execution prices depend on the mark price at the time of the transaction and may differ from any single exchange’s last trade.

Trading

Long / Short

Long and Short are the two most fundamental concepts in trading. Understanding them correctly is essential for effective risk management.

Long

A Long position means buying an asset.

• Profit: when the asset price increases.

• Loss: when the asset price decreases.

• Use Case: traders enter Long positions when they expect prices to rise, or as part of a hedging strategy against other positions.

Short

A Short position means selling an asset.

• Profit: when the asset price decreases.

• Loss: when the asset price increases.

• Use Case: traders use Short positions to benefit from falling prices, or to balance risk when already holding Long exposure.

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Max Profit

Since Zygo is still in its early stage, a maximum profit cap is applied per trade.

• Traders can earn up to 500% of their margin,

• or up to their position size minus margin — whichever is smaller.

For example, if a trader’s margin is $6,951, the maximum profit would be $34,755.

This rule is in place to maintain sustainable liquidity within Zygo and ensure a fair and stable trading environment for all participants.