💱Exchange: flexible exits

Zona's decentralized exchange allow users to exchange their Index Tokens for stablecoins, WETH, or other assets and vice versa. This allows users to instantly and seamlessly gain or exit their exposure to real estate prices.

Having secondary liquidity venues for Index Tokens also allow them to become composable and usable within the wider DeFi ecosystem. Several potential use-cases include:

1. Index Tokens acting as collateral on other lending protocols, particularly on modular lending platforms (i.e. Euler or Morpho). This would allow users to use Index Tokens as collateral while enabling the borrowing of more long-tail assets.

2. Index Tokens acting as margin on perpetual exchanges. This would allow users to tap into the capital locked in Index Tokens and access additional exposure, while keeping exposure to real estate price changes.