Spicenet: Solana network extension for fast perps trading on Celestia
Post276 words
Breaks down Spicenet, an optimistic sovereign rollup on Celestia built with the Sovereign SDK. It hosts Pepper DEX, a perps and futures venue using a modified Dexterity protocol, and uses RISC Zero ZK proofs and a Solana bridge.
Key claims
Targets under 1ms pre-confirmation and 30-200ms user latency
Built with Sovereign SDK and ZK proofs powered by RISC Zero
Singularity upgrade adds async execution and sharding
🌶️ Hyper-Performant Trading Layer of Solana 🌶️
Network extensions are currently a hot topic in the $SOL ecosystem.
One of the most anticipated launches within this emerging billion $$$ narrative is @spicenet.
Spicy Alpha Summary ⤵️
SpiceNet is an optimistic sovereign rollup on @CelestiaOrg, built with the @sovereign_labs SDK.
The @sovereign_labs SDK provides a Rust-based execution environment that enables app logic that overcomes the bottlenecks of specific virtual machines like the EVM or SVM.
This allows for an optimized system architecture and significant performance improvements.
The @spicenet rollup will provide a base layer for the modular derivatives trading protocol Dexterity, which @HxroNetwork originally developed on Solana.
@ThePepperDEX (perpetuals and expiring futures DEX), the flagship application running on @spicenet, will use a modified version of this Dexterity protocol.
@spicenet aims for <1ms pre-confirmation times, and 30-200ms latency for end users on @ThePepperDEX.
While delivering a CEX-style user experience, decentralization and verifiability are core to @spicenet.
As opposed to centralized exchanges, users don’t need to trust centralized, often unregulated entities for Proof of Reserves.
They can simply run full nodes or light clients to verify the canonical @spicenet chain and permissionlessly verify ZK proofs for secure state transitions (powered by @RiscZero).
Users can enjoy a fully non-custodial trading experience and leverage a trust-minimized bridge to/from Solana to fund their accounts.
Artemis, a native bridging and interoperability solution will take that a step further, unifying the @Solana and @CelestiaOrg ecosystems through a trust-minimized bridge between Solana and Celestia rollups for low-latency interop.
Singularity will be the endgame upgrade, introducing major improvements, including asynchronous execution, compute and state sharding, as well as complementary based sequencing.
Looks spicy. 🌶️
DYOR anon.
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