# ZNI Index & Futures

A manipulation‑resistant oracle (ZNI) that tracks the economic value of a Zeroloss NFT, plus a perpetual futures market denominated entirely in $ZLT.

* **ZNI Formula:** `300,000 ZLT × sqrt(533,000,000 / currentCirculating)`
* **Futures features:**
  * Long/short positions up to 10x leverage
  * Cumulative funding indices (updated every 8 hours)
  * Insurance fund (20% of fees)
  * Hybrid liquidation (min of spot and 7‑day TWAP)
  * Circuit breaker (auto‑pause on >20% daily move)
* All settlement in $ZLT.


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