Mission
Last updated
Last updated
Sphinx is dedicated to advancing technologies that underpin the heart of institutional and regulated financial exchange. Our goal is to provide widespread global adoption of new blockchain infrastructure for high performance trading applications, which demand access to institutional-grade performance within a decentralized computing framework. Target applications include both centralized and decentralized exchanges, liquidity pools, collateral management tools and HFT solutions.
Our architecture takes aim at existing centralized trading systems by addressing existing bottlenecks in order book matching, transaction execution, clearing, settlement, trade netting, cross-asset margining and client on-boarding. Sphinx aims to establish infrastructure with the following features:
Global decentralized network to facilitate the creation and operation of our target applications.
Deterministic order matching and execution with speeds that rival traditional centralized venues using a coprocessor order book model.
Smart contract execution environments for applications like high frequency trading, lending pools and liquidity aggregation.
EVM compatibility.
Regulatory and compliance tooling, fully on-chain KYC.
In addition to welcoming all CEX and DEX builders, Sphinx is also opening an energy derivatives exchange as a feature application for leveraging our infrastructure.
The composite architecture the Sphinx network addresses critical design tradeoffs that both decentralized and centralized exchanges face. More can be read about this in the Challenges & Tradeoffs.
Sphinx Blockchain - A high performance L1 blockchain that provides a global set of decentralized nodes powered by our BFT consensus mechanism.
Sphinx Coprocessor - Discrete off-chain compute that submits verifiable blocks and house modules such as a limit order book, matching engine and the Sphinx VM. Users can also build and deploy their own modules.
Sphinx Relayer - Provides network routing, load balancing, unified interfaces and transaction provers that provide ubiquitous communication for our critical infrastructure.
Learn more about our Network Design, coming soon...
