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StealthTradeDAO allows user to trade futures in perpetual marketplace on Mina privately and sercured by the proof of solvency . Goverened by a chain abstracted Dao with help of Near. Winner of mina and near track!

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WELCOME TO STEALTHTRADE DAO

Our Project for ETHSingapore Hackathon

$60+ Trillion Dollar Market Overview

The cumulative trading volume of perpetual contracts since 2020 has exceeded $60 trillion, surpassing the trading volume of both underlying cryptocurrencies and conventional futures contracts.

Problems in Perpetual Markets

Open Order Books: Challenges

  1. Front Running: Visible pending orders allow traders to manipulate transaction ordering to their advantage.
  2. Copy Trading Exploitation: Competitors can duplicate visible strategies, profiting unfairly from others' trades.
  3. Lack of Privacy: Exposure of traders' strategies and positions can be exploited by market analysts and competitors.
  4. Market Manipulation: The transparency of open order books can be abused to manipulate markets and liquidity.

Private Order Books: Challenges

  1. Trust Deficit: Users can't verify platform solvency, raising concerns about asset backing for open positions.
  2. Hidden Liquidity: Lack of visibility into market depth makes order execution uncertain.
  3. Manipulation Risk: Market can be manipulated by the platform or privileged users without detection.
  4. User Trust: Lack of transparency, especially during volatility, can drive users away.

Stealth DAO: The Solution

How We Solve These Issues:

  • Private Order Book System: Implementing private order books enhanced by access proofs and proof of solvency to ensure transparency and foster user trust.
  • Partial Public Data: Some market data remains public to avoid a gambling-like environment, while the system's core operates in a decentralized, transparent manner.
  • Chain Abstracted DAO: A decentralized governance model allowing users to propose and vote on changes to the platform and perpetual contracts.
  • Cross-Chain Voting: Cross-chain voting ensures that all stakeholders have a say in the platform's evolution, enhancing trust and transparency.

For more Details read our exclusive docs

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StealthTradeDAO allows user to trade futures in perpetual marketplace on Mina privately and sercured by the proof of solvency . Goverened by a chain abstracted Dao with help of Near. Winner of mina and near track!

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