Spicenet Docs
  • Welcome to Spicenet
  • Introduction to Spicenet
    • Understanding the Need for Spicenet
    • The Sovereign Rollup Approach
  • Core Technical Architecture
    • The Nearly Optimal Merkle Tree (NOMT)
    • Asynchronous Execution Pipeline
    • Validator System Architecture
    • Shockwave
  • Advanced Technical Components
    • Sharding Implementation
    • Decentralized Sequencing
    • Based Multiple Concurrent Proposers
    • Multi-Staking Protocol
  • Trading Concepts
    • Unified Margin Accounts (UMAs)
    • Global and Local Markets
    • Dexterity: The Global Orderbook
    • Instrument and Product Specification
    • The Spicenet Liquidity Network
    • Network-Owned Liquidity(NoL): A Deep Dive
    • Decoupled Order Matching and Settlement
  • Products
    • Flashbooks: Hybrid Intent-AMM Orderbooks
    • hotUSD: Spicenet's Native Stable
    • PepperDEX: The Connective Tissue of Spicenet
    • Capsule: Smart Wallet Module
  • $SPICE Token
    • What is $SPICE?
    • $SPICE Utility
    • $SPICE Distribution
    • Airdrop and Ambassador Program
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On this page
  • Motivation
  • Introducing The Unified Composable Liquidity Layer
  • Key chain specs
  • Community

Welcome to Spicenet

NextUnderstanding the Need for Spicenet

Last updated 7 days ago

Spicenet powers unstoppable trading applications, delivering high performance, capital-efficiency and deep liquidity.

Powered by Celestia's modular architecture, Spicenet solves liquidity fragmentation and infrastructure woes of trading applications, opening the door for innovation.

We have experience firsthand the headaches of trying to build a DEX on a general purpose chain, and trading on applications of this variety. There exists no on-chain environment do adequately host a wide variety of trading applications simultaneously and effectively. Spicenet seeks to create this environment, and if you keep reading you'll see how it can be done.

Motivation

There are many gaps in the market when comparing DeFi to TradFi: a large percentage of all trading volume in TradFi is executed on second order products that have yet to be offered in DeFi (spread trades for example). The decentralized trading market continues to become oversaturated with perpetual and spot exchanges that fail to offer novel features and fragment liquidity further with each new launch. This leads to applications spending endless time and money trying to source liquidity, only to have their market makers move on after incentives dry up.

Introducing The Unified Composable Liquidity Layer

Spicenet presents permissionless liquidity ready upon launch of an application. Each application built to Spicenet causes a snowballing effect that grows liquidity further rather than fragmenting it.

Four core values are employed to solve the liquidity problem removing the number one hurdle for applications:

  • Enable as many liquidity providers as possible, and lower the barrier for entry significantly for everyone

  • Stretch liquidity provider dollars much further through capital efficient margining mechanisms

  • Grow deep Network-owned Liquidity that will be governed by the DAO

  • Allow trading on applications to share and grow liquidity rather than competing for it

These liquidity solutions can only be made possible with an on-chain environment that is customizable and highly performant.

Key chain specs

Spicenet's chain architecture is specifically catered for the purpose of hyper-performant trading. Operating with no VM removes overhead enabling performance that a general purpose chain could never compete with. Specific performance focuses are listed below:

  • Sub-millisecond trading confirmations

  • True decentralisation through sovereign rollup architecture

  • Advanced trading features and deep liquidity

  • Seamless cross-chain compatibility

Community

Spicenet is a community centric project: we constantly answer questions and accept feedback that helps shape the chain. Join to stay spicey and add your personal flavour!

  • Discord

  • Twitter

  • GitHub

  • Website

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