t+:A DECENTRALIZED CEX

OFFERING:

  • trades fill in under 1 millisecond
  • supports every onchain asset and product in one box - with leverage and liquidity
  • minimal market maker costs → quotes are excellent
  • composable with everyone else's liquidity → infinite depth (thx 4 the stale quotes)
  • Decentralized, Permissionless, Private
Orderflow Execution Endgame // C:\SYSTEM\PERFECT-MARKETS> _

It's the Exchange & Prime Broker Stack - decentralized - composable with onchain liquidity - and using all of defi as it's ever-expanding product suite.


t+ decouples trade Confirmation from Settlement
and optimizes each seperately

TRADE CONFIRMATION

Orders are processed in an offchain orderbook ran in a TEE(trusted execution environment)
  • Under 1ms time to confirmation
  • The exchange software is immutable and private
Deposit any asset on any chain. We even support some CEXs and Custodians
  • t+ supports all assets instantly w/liquidity!
Market maker costs are minimized
  • Posting a quote does not lock up margin, margin is checked on match
  • Quotes and cancels are prioritized - they're processed in a faster queue than taker orders
>

TRADE SETTLEMENT

Market makers can fill trades on-margin then net the exposure on a delayed basis into any liquidity source
  • MMs can settle exposure atomically into any dex
  • MMs can hedge exposure on cross-margined venues
  • Exposure can be cleared in the t+ book
  • The t+ book is made up of internal liquidity PLUS a latent bid from external on/offchain liquidity because we're composable with it
Settlements can be performed using any user deposits
  • Market makers have negligible rebalancing or capital costs, as well as no need to hold inventory of assets they want to quote

it's the new thing

> Can I have an example please?
> Why are we here?
> How does it work?
> Can I get involved?
> Any research?
@Tplus_cx
user@t-plus:~$ ./specifications.sh
t+ specifications
PASSWORD REQUIRED
Please enter the last paragraph of Options Volatility & Pricing by Sheldon Natenberg
>