Executive Summary

Opal DEX is a privacy-first perpetual futures exchange that hides trader intent until settlement while preserving on-chain verifiability post-trade.

The Problem

Leading derivatives DEXs have matured designs around matching, oracles, and liquidations, but continue to suffer from:

• Order-flow leakage in public mempools

• MEV-based exploitation

• Stop-loss hunting and predatory liquidations

• Unfair token launches with insider allocations

Our Solution

By combining sealed order flow, frequent batch matching, post-trade proofs, and a conservative risk engine, Opal neutralizes these exploits and delivers fair execution for retail, professional, and institutional traders alike.