Markets move. We stay in the book.
Institutional liquidity infrastructure for decentralized markets. Cross-venue market making and market design for the protocols building them.
One market view. Better local books.
We make markets for decentralized venues: tight quotes, deep books, and liquidity that holds through volatility. We also work with exchanges on market structure.
Depth is designed.
Six parts of an orderbook that works under pressure.
Tight spreads
We quote at the top of book on every pair we cover.
Deep liquidity
We post size from the top of book down through several price levels.
Defragmented liquidity
We price every venue we cover from one global view of the market. Smaller venues get the depth and price discovery of the whole ecosystem.
Quote stability
Our quote width holds when volatility picks up.
Liquidity when it counts
We stay in the book through volatility events, oracle moves, and listing windows.
Market structure
We engage with protocol founders on market design and liquidity bootstrap.
Built to stay in the book.
Make the market worth trading.
Liquidity. Market design. Capital.