Overview
Last updated
Last updated
In decentralized finance (DeFi), users face the challenge of accessing liquidity, executing trades efficiently, and maintaining transparency across chains. this is especially true for options where liquidity is extremely fragmented in the space. We are building a cross-chain decentralized options trading protocol that addresses these challenges while offering CEX-like performance and cost efficiency.
Our platform is designed to aggregate liquidity from various sources, including centralized exchanges (CEXs), decentralized exchanges (DEXs), and market makers (MMs), enabling users to trade options with minimal gas costs and exceptional execution speed. At the core of this system is an intent-based engine that allows for seamless trade execution, while leveraging cross-chain liquidity aggregation and settlement through standardized protocols such as ERC-7683(https://www.erc7683.org/#motivation) suggested by Accross and Uniswap.
By focusing initially on options trading, our system provides a robust and scalable foundation that can easily expand into other trading types in the future, such as perpetuals and spot trading. The platform is architected with flexibility in mind, ensuring that third-party integrations, strategies, and front-end interfaces can plug into our system without friction, offering a tailored experience for every user.
Intent Processing Layer:
This layer automates actions like liquidity provision and trade execution based on user requests.
It acts as the starting point for any user interaction, forwarding intents to the appropriate execution mechanisms.
Execution Layer & Strategy Layer:
Responsible for processing orders, handling trade settlement, and managing liquidity pooling.
This layer interacts directly with the liquidity aggregation layer to ensure optimal execution based on the best available liquidity sources.
Strategy Layer ensures that new strategies can be plugged in for trading providing users new ways to leverage and hedge.
Liquidity Aggregation Layer:
This component pulls liquidity from various sources including CEXs, DEXs, and market makers (via the RFQ model).
It aggregates liquidity in real-time to support seamless trade execution.
Applies Smart routing, to find the best optimised price from all sources available.
Cross-Chain Liquidity Transfer and Data Transfer Layer:
Ensures the system can operate across multiple blockchains using ERC-7683 for standardized cross-chain communication and asset movement.
It supports cross-chain intent execution, allowing users to access liquidity from different chains efficiently.
Goemon API Layer:
The API layer connects the frontend (web and mobile) to the backend services, providing users with a seamless interface for managing trades, liquidity, and strategies.
This layer will also be open for all other projects as they would like to create there own version of UI for there user base. We potentially see several usecases for strategy plugins,algo-trading and customized options UI in defi.
