Technical Architecture Layers

Layer 1: Order Ingestion

• Privacy-preserving submission

• Commitment generation

• Encrypted order storage

Layer 2: Batch Management

• Time-based batch windows

• Order aggregation

• Sealed order accumulation

Layer 3: Matching Engine

• Distributed matching process

• Uniform price calculation

• Surplus maximization

Layer 4: Settlement

• On-chain state updates or verifiable commitments

• Position adjustments

• Funding payment accrual

• PnL realization

Layer 5: Verification

• Proof generation

• Receipt publishing

• Public auditability