Horizen and Auros join forces to enhance liquidity for its EVM-compatible smart contracting platform, EON

Horizen, a prominent layer-0 public blockchain, and Auros, a global firm specializing in algorithmic trading and market making, have formed a strategic partnership aimed at expanding the availability of $ZEN and preparing for the launch of Horizen’s new EVM-compatible smart contracting platform called EON.

This partnership is expected to drive substantial growth for the EON ecosystem. By improving liquidity for the $ZEN token across both centralized and decentralized exchanges, which plays a crucial role in the functionalities of the EON ecosystem, it will create more opportunities for traders, DeFi users, and developers to engage with one of the rapidly expanding layer-0 blockchain networks. In addition to providing instant liquidity, this long-term collaboration will extend beyond the $ZEN token to future projects built on EON. Auros will offer tailored support based on the unique requirements of each project.

Auros brings its extensive experience as a significant market participant, trading billions of dollars daily and integrating with numerous trading venues. Their approach to liquidity provision is built on their algorithmic and high-frequency trading expertise. By partnering with Auros, there is a strong incentive to ensure that the liquidity for the $ZEN token grows in line with the expansion of the Horizen EON ecosystem, reflecting their commitment to fostering a mutually beneficial relationship.

In a statement, Auros co-founder and CEO said: “Liquidity for any ecosystem token is not only essential for seamless trading but also key to unlocking the utility and potential of innovative smart contract platforms, advancing the overall growth of digital assets. Bringing our proprietary trading technology and strategies to Horizen’s EON, we are proud to expand the availability of liquidity in both the platform and the $ZEN token, delivering more value for all of its users. Beyond liquidity provision, this partnership also represents a significant step and a new hope for the decentralized ecosystem as we jointly work towards a more resilient future for digital assets.”

Commenting on the partnership, Horizen co-founder Rob Viglione said, “We are thrilled to join forces with Auros, a market leader in algorithmic trading and market-making services. Their expertise in bespoke liquidity solutions will undoubtedly enhance the EON ecosystem. More importantly, the partnership deepens cornerstone liquidity in the ecosystem, delivering more value to our users and enabling seamless trading experiences that will drive the growth of EON as the premier platform for traders and DeFi enthusiasts alike. Together, we are committed to shaping the future of decentralized finance and setting new industry standards.”

EON, the smart contracting platform developed by Horizen, is a fully EVM-compatible solution and serves as the first of several smart contract sidechains within the Horizen ecosystem. Through the integration of Auros’ market-making services, EON aims to establish itself as an accessible and valuable network for traders and users in the decentralized finance (DeFi) space.

Currently, Horizen’s EON is operational on its permanent public testnet, Gobi, and is supported by a range of products, integrations, and tools, including Auros. The collaboration between Horizen and Auros is expected to attract a diverse array of decentralized applications (dApps) and services to the EON ecosystem in the coming months.

Founded two years ago, Horizen is a layer 0 public blockchain that empowers a network of blockchains operating on zero-knowledge principles. This is made possible through its extensive node system and the highly scalable cross-chain protocol known as Zendoo. Horizen provides developers with tools to build custom private or public blockchains and dApps, offering unparalleled flexibility. EON, as a sidechain of Horizen, is compatible with the Ethereum Virtual Machine (EVM). Developers who choose to build on the Horizen platform have the freedom to fully customize their blockchains, including consensus mechanisms, transaction speeds, privacy features, and crypto-economic models. Furthermore, blockchains built on Horizen can achieve high throughput while maintaining a decentralized network structure.

Auros is a well-established market-making and algorithmic trading firm founded by experienced professionals in the derivatives trading and trading system design fields, who collectively possess more than 20 years of expertise. The firm boasts a significant daily notional turnover, reaching billions of dollars. Auros has built its technological infrastructure by integrating advanced pricing models with state-of-the-art execution capabilities, ensuring consistent and reliable trading performance.

Auros has gained recognition for its distinctive approach to providing external liquidity, which is centered around forming partnerships with token projects and ecosystems. This strategy has positioned Auros as the preferred market maker for numerous projects, thanks to their commitment to fostering collaborative relationships.