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Blackpool is a decentralized exchange (DEX) built on Solana that addresses the DEX trilemma of speed, privacy, and capital efficiency by utilizing zero-knowledge proofs for trade parameters. It aims to provide real-time, MEV-resistant trading while maintaining the liquidity benefits of automated market makers (AMMs). The platform combines the advantages of dark pools with the transparency of decentralized finance, offering a unique solution for users concerned about surveillance and market impact.

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Rituraj Tripathy
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0% found this document useful (0 votes)
20 views15 pages

Radar

Blackpool is a decentralized exchange (DEX) built on Solana that addresses the DEX trilemma of speed, privacy, and capital efficiency by utilizing zero-knowledge proofs for trade parameters. It aims to provide real-time, MEV-resistant trading while maintaining the liquidity benefits of automated market makers (AMMs). The platform combines the advantages of dark pools with the transparency of decentralized finance, offering a unique solution for users concerned about surveillance and market impact.

Uploaded by

Rituraj Tripathy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Draft

Solana's first DEX delivering real-time, MEV-resistant order execution.


Draft

The DEX trilemma

Real-time
Transactions and prices need to be updated in real-time.

Capital
Privacy Efficiency
Safeguards the user against MEV and Optimal use of funds
surveillance.
Draft

DEXes face a critical trilemma: they struggle to simultaneously achieve high speed,
robust privacy, and optimal capital efficiency. Traditional AMMs are vulnerable to MEV
attacks, compromising user privacy and trade execution quality. Order book models,
while potentially faster, suffer from liquidity fragmentation. Meanwhile, attempts to
mitigate these issues often result in slower transaction finality or reduced capital
efficiency.
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Draft

Jito's participation in the overall Solana stake serves as an indicator of the growth of Solana MEV.
Evolving the Dark Pool Draft

Dark Pools Blackpool


Centralized operations Decentralized on Solana
Limited transparency Transparent operations
Privacy for large trades Privacy-preserving execution
Minimize market impact MEV-resistant trading

Combining Dark Pool privacy with DeFi transparency


Draft

The parameters of a trade - amount and slippage - are transformed into a zero-knowledge proof
before being submitted to the Solana network.
Draft

MEV searchers have a limited


window of opportunity to act: the
block time.

Solana produces a
new block every
400ms
Draft

Transactions are easily parsed


Raydium within the 400ms block time
making MEV easy to extract

Transactions can't be parsed.


Blackpool MEV extraction is difficult
and unfeasible within 400ms
Draft

Blackpool combines Solana's lightning-fast global state machine with on-chain zero-
knowledge proofs, delivering real-time, MEV-resistant trading while preserving AMM
liquidity benefits. The result: a fully decentralized exchange offering unparalleled speed,
privacy, and capital efficiency at the frontier of decentralized finance.
Draft
Fees (MM USD)
300

250

200
We have the
150 potential to collect
most of these fees.
100

50

0
Raydium Lifinity
Draft

Protocol Capital Efficiency Notes

Blackpool (Initial CP AMM) Moderate Improves on traditional AMMs but less efficient than concentrated liquidity

Blackpool (CLMM) High Comparable to Uniswap v3, with added privacy benefits

Uniswap v3 High Concentrated liquidity allows for efficient capital usage

CoWSwap Moderate to High Batch auctions can improve efficiency, but may not match CLMM

Traditional Order Books Variable Can be highly efficient but suffers from liquidity fragmentation
Draft

Workstream Shielded Deposits


Privacy

& Withdraws
Safeguards user from unwarranted
surveillance.

MVP
Capital Efficiency
Workstream

Mainnet CU
CLMM
Mainnet deployment of the
Optimal capital efficiency
Optimization
CP AMM product Reduce Transaction
Costs

Now EOY 2024


Draft
Vitor Py - Founder & CEO

Experience
Meta: AI Systems & Accelerated Platforms
IBM: Distributed Systems

Entrepreneurial background
SIM: AI for Materials Science
Pillar: Ethereum smart wallet
Token Factory: FCA-regulated security token launchpad
Draft

https://blackpool.capital

More? vitor@blackpool.capital

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