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Documentation Index

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Ekiden is a decentralized, orderbook-based hybrid exchange built on Canton Network blockchain. It combines an off-chain Central Limit Orderbook (CLOB) with deferred on-chain settlement to deliver high performance, transparency, and capital efficiency for both spot and perpetual futures markets.
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Built on a rollup-like architecture with Merkle-based proofs, Ekiden is designed to meet the demands of high-frequency traders and institutional DeFi participants.

Key Features

Perpetual Futures Exchange

  • Central Limit Orderbook (CLOB): Off-chain matching with on-chain Merkle commitments for auditable, transparent price discovery.
  • Deferred On-Chain Settlement: Batched updates posted to Canton, balancing throughput and verifiability.
  • Position Management: Positions tracked using original order data and Merkle inclusion proofs.
  • Price Discovery: Powered by CLOB; spot integration planned.

Scalability Through Rollup-Like Design

  • Merkleized Orderbooks: Orders compressed into Merkle proofs stored on-chain.
  • Off-Chain Data Availability: Full data hosted on nodes or external layers.
  • Batch Processing: Efficient, low-cost settlements.

Lightning-Fast Performance

  • Execution Latency: 5–15ms, competitive with leading centralized exchanges.
  • Taker Fee: 0.02% (baseline PoC).
  • Maker Fee: 0%, incentivizing liquidity provision.

Intuitive UX

  • Rapid Onboarding: Seconds to begin trading.
  • Streamlined Wallet Interaction: One-click trade execution.
  • Customizable Tools: Designed for retail and institutional users.

Self-Custody

  • User Control: No centralized intermediaries. Users retain full asset custody.

Powered by Ekiden

  • Hyper-Parallelization: 200k orders per second per market
  • Low Latency: Sub-10ms execution speed.
  • Secure Finality: Trustless, on-chain settlement.