Open finance becomes institutional-grade when positions stay private, orders cannot be front-run, and strategies aren't reverse-engineered from the mempool. ATSHI brings FHE-encrypted matching directly into the L1.
DEX, lending, perps, OTC, structured products — all confidential by default.
On Ethereum, searchers see your transaction in the mempool and front-run it for profit. On ATSHI, your order size is encrypted, your strategy is encrypted, and the matching engine operates on ciphertext. There is nothing to extract.
Encrypted orderbook and pool depths. Public price discovery, sealed size. Limit, market, stop-loss — all blind to the network until executed.
Position sizes and liquidation thresholds stay private. Public health factors prevent cascades; sealed exposures prevent targeting.
Trade with leverage without exposing position or margin. Funding rates remain transparent; positions stay encrypted from oracles and arbitrageurs.
Negotiate large blocks bilaterally, settle atomically on-chain. No market impact, no front-running, no information leakage.
Yield strategies, principal-protected notes, basis trades. The strategy logic is auditable; the participants and sizes are encrypted.
Native dark-pool semantics — match large orders without revealing them to the public order book. Bring institutional liquidity on-chain.
Manage on-chain treasuries without leaking position size to the market. Hedge, rebalance, settle — all in private.
Quote with confidence. Inventory sizes stay encrypted; flow remains undetectable. Tighter spreads, better fills.
Trade without being someone’s exit liquidity. Sandwich attacks die in a network where size is encrypted.
Settle block trades on-chain with the privacy desks expect — atomic, auditable, but not public.
Compose confidential primitives into novel products. Vaults, basis trades, structured notes — without leaking strategy.
Audit access via FHE proofs and keys held in escrow. Selective disclosure without breaking everyone else’s privacy.
Encrypts the order locally — size, price tolerance, expiry. Submits ciphertext to the on-chain pool. No counterparty sees a $50M block coming.
Price publishes, counterparties settle atomically. DvP guaranteed on-chain. The market never saw a $50M bid — only $50M of cleared trades at fair price.
On a cleartext venue, a $50M institutional block would have moved the curve 5–15 bps before clearing.
Sizes encrypted at submission. Public price discovery, private inventory.
No mempool exposure means no sandwiches, no liquidation hunting, no JIT extraction.
Trades clear within a single block — no withdrawal delays, no rollup sequencers.
Auditors and regulators verify via FHE proofs without exposing trader identity.
Confidential DEX, lending, perps compose like any DeFi primitive — but private.
Sub-second matching with deterministic finality. Production-grade for serious flow.
Confidential markets are live on the ATSHI testnet. Build your first encrypted product or connect existing liquidity.