In this episode, Austin chats with Tristan Frezza about Zeta Markets, a decentralized perps trading platform on Solana. Tristan shares insights on Zeta's inception in early 2021 and their mission to bring Nasdaq-like derivatives markets on-chain. The conversation delves into the technical challenges of building such a platform in a fully decentralized manner, the benefits and drawbacks of different trading mechanisms, and the ongoing development of Zeta Markets' L2 solution optimized for high-speed trading. Tristan elaborates on the importance of transparency, security, and the philosophical approach of open DeFi systems, as well as future plans to enhance Zeta's trading infrastructure. The discussion also touches on the performance issues and computational models that make Zeta competitive with centralized exchanges.