Understanding Opal

What is Opal DEX?

Opal DEX is a non-custodial perpetual futures exchange built on principles of privacy, fairness, and verifiability.

Core Principles

1. Privacy-First Design

Your trading strategy stays yours. Orders are sealed until settlement, preventing:

• Front-running

• Stop-loss hunting

• Intent-based MEV extraction

• Predatory market making

2. Fair Execution

Frequent batch auctions create level playing fields:

• Uniform clearing prices per market

• No latency advantages

• Reduced sandwich attacks

• Protection against manipulation

3. Verifiable Integrity

Trust, but verify. Post-trade proofs ensure:

• Correct order matching

• Accurate risk calculations

• Transparent liquidation triggers

• Auditable state transitions

4. Non-Custodial

Your keys, your funds:

• Standardized deposits/withdrawals

• No central custody risk

• Permissionless access

• Self-sovereign trading