Hibachi is a decentralized trading protocol that uses zero-knowledge proofs to ensure secure and transparent trading. The platform is designed for professional traders, offering an intuitive and efficient experience.
Funding
Funding not disclosed
Founders
Product
Problem
Current centralized cryptocurrency exchanges are vulnerable to hacks and require users to trust a third party with their funds. This creates a risk of loss due to mismanagement, security breaches, or malicious activity. Furthermore, these exchanges can lack transparency, making it difficult for users to verify the solvency of the platform.
Solution
Hibachi is a decentralized trading protocol that leverages zero-knowledge proofs to provide a secure and transparent trading experience. The platform ensures mathematical proof of solvency, eliminating the need to trust a central authority. By utilizing a high-speed central limit order book (CLOB) optimized for traders, Hibachi offers fast and efficient trading. The protocol also provides total order privacy, preventing on-chain leaks and alpha exposure.
Target Audience
Hibachi is designed for professional cryptocurrency traders seeking a secure, transparent, and efficient decentralized trading platform.
Features
- Provable solvency through zero-knowledge proofs, ensuring user funds are always accounted for
- High-speed CLOB for efficient order matching
- Stealth execution, providing total order privacy and preventing information leakage
- Perpetual contract trading with up to 20x leverage
- Flash Markets for time-sensitive trading opportunities
- Support for spot trading
- Real-world asset (RWA) markets, bringing equities and commodities to DeFi
- Multi-collateral support, allowing users to leverage a diverse mix of assets
- API and developer tools for integration with other applications