The Products

Smart Order Routing Engine

Audited DEXs:

• Utilizes a pre-selected set of established and battle-tested DEXs.

Multiple Order Types:

• Processes both Limit and Market orders.

Advanced Execution Quality Optimization:

• Optimizes the order execution quality (e.g. slippage and order failure minimization) by continuously assessing th quality of each trading pair and fees on each DEX.
• Splits the order in multiple legs and routes to the highest quality pool.
• Uses proprietary algorithm for order path optimization in search for further improvements in execution quality.
• Further employs cheap internal matching for offsetting limit orders.

Token

The actors of the deFIRE ecosystem are defined in relation to order flow and CWAP tokens:

• 1. Order flow originators: these are entities who originate order flow, and chose to trade through deFIRE. These include traders, large and small, brokers of all kinds as well as referral agents.
• 2. Third-party execution venues: these are the entities that deFIRE routes the orders sourced from originators to. In simpler terms, these are predominantly DEXs (or, potentially, in the future other routers).
• 3. Pool originators: entities that own assets that they use to list the said assets on a third-party execution venue in a permissionless setting or otherwise. Listing an asset on a DEX boils down to opening a liquidity pool, hence the name ‘pool originators’.
• 4. deFIRE serves as a middleware between traders and other orderflow originators who seek best execution and third-party execution venues who offer liquidity against orders sent their way.