Order books match buyers and sellers perfectly, but blockchains can’t handle them. AMMs are the workaround—clunky, expensive, and loss-prone. We use an EigenLayer AVS to run an order book off-chain, have validators reach consensus on how to process each order, and have settlement on-chain.

Please see README on GitHub repo to try it out and watch the demo video.

An order is submitted to a network of validors (an AVS using the Othentic framework), which each process the order in their local instance of the given currency pair's order book, and once they reach a consensus, settlement occurs on-chain. We integrate with a Uniswap V4 hook to catch AMM orders before they happen and, if the user can get a better price on our order book than they can through the pool, their order is rerouted to the order book instead.