Overview

Silver Koi is powered by a fully on-chain order book. Our current DOB is optimized for EVM-based and RWA-focused chains and boasts the following features:

Performant

We have optimized our order book to support high transaction volumes with various gas optimization techniques to reduce gas costs. We support advanced order types such as stop-loss orders, take-profit orders, and stop-limit orders. Additionally, we provide real-time trade confirmations, margin details, transaction cost analysis, portfolio analysis, and more. These enhancements ensure that traders have the tools and information necessary to execute efficient and informed trades.

Advanced Risk Controls

Scam wicks are among the most frustrating issues in leveraged trading, often causing a cascade of liquidations among traders. This issue has been persistent on numerous major centralized platforms. However, we have successfully eliminated the risk of scam wicks in our system by implementing a time averaged liquidation process.

We employ a multi-tiered liquidation process to minimize disruption to the user experience while ensuring protocol solvency. This process includes volume-limited liquidation, position takeover, time-averaged liquidation, and auto-deleveraging.

Comprehensive Trading Tools

Our platform allows traders to open multiple positions on the same symbol. This is a commonly requested feature that gives traders fine-grained control required in their trading strategies. Additionally, we are in the process of developing more advanced trading tools, including algorithmic trading applications, price analysis, basket trading, and copy trading.

Robust System

Most exchange keeper duties have been moved on-chain to significantly simplify keeper maintenance. This is achieved through various specialized on-chain data structures. Our stack is designed to eliminate desynchronization issues between on-chain and off-chain processes.

Fully Transparent

The order book and order matching are encoded completely on-chain for maximum robustness and transparency. This is made possible with advanced data structures optimized for the EVM. This approach also reduces counterparty risk, ensuring that trades are executed in a secure and transparent manner.