Welcome to Spicenet
Last updated
Last updated
The Composability Middleware For The Global Financial Internet.
Spicenet enables omni-composable applications, and access to users and liquidity from any blockchain network.
A Global Financial Internet is what DeFi was meant to acheive. The goal is to have a completely borderless system for any party, located anywhere, to transact within global markets, at anytime. DeFi has successfully removed borders imposed by countries but remains infested with borders between its ever increasing list of blockchain ecosystems. Spicenet's offering of omni-composability is the missing piece in creating the Global Financial Internet.
Developers of DeFi applications should build on the infrastructure that aligns best with their product but are forced to build on the chain where they believe they will be able to capture the most liquidity and users. This can be a nightmare given the constant shifting of the meta, that often leads to launches of solid products on a ghost-chain with no liquidity or users. However harsh conditions lead to evolution, and omni-composability is the evolution of applications that allows them to access liquidity, users, and even collaboration with apps from anywhere no matter where they are built.
As previous founders of a DEX on Solana, we understand the headaches associated with building in a siloed ecosystem. The following are insights that helped guide the direction of the tech we are building:
A responsive synchronous confirmation UX is rare and underrated
DeFi developers should build apps that are immune to user and liquidity fragmentation and should be free to collaborate across chains
Liquidity should be enshrined at the network level not the app level
Standardized builder frameworks remove the need to rebuild the same tech and lead to more innovation
With this in mind we have created a three layer stack who together create the ultimate trading infrastructure. However, these Layers are modular in the sense that they can be employed in countless ways by applications that are built outside of Spicenet. The layers are as follows:
The Spicenet Trading Stack is an unopinionated standard to build fully customizable financial applications. It enables a builder to customize end-to-end properties of their application, such as collateral types that are supported, types of instruments available, markets and asset pairs tradable, and so on. By enabling full-stack customizability developers can create niche and highly specialized applications serving any specific audience’s needs.
The Spicenet Execution Network is a self-improving cluster of AI agents and solvers using coordinated intents to fulfil and execute orders against liquidity located anywhere. Leveraging a modular architecture of Orchestrators, Executors and Rebalancers, liquidity routes can be added and aggregated efficiently, order execution can be coordinated across multiple executors, and inventory can be balanced real-time.
The Spicenet Validation Layer is the security provider for omnichain intents. One of the biggest problems for omnichain intents has always been reconciling heterogenous security properties of different blockchains. For example, an omnichain intent between Solana and Base would require Solana to trust Base’s security properties in order to unlock funds for the solver. However, Base currently runs a centralized sequencer with no live fraud proofs, meaning that the Base sequencer could lie about the state of the Base L2. The Spicenet Validation Layer uses a mix of cryptoeconomic(staking) and cryptographic(ZK proofs) to validate and independently verify omnichain intents.
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!
