Read the decentralized derivatives trading protocol Hibachi | CryptoSeed

Authors: forest, ChainCatcher

What is Hibachi?

Hibachi is a decentralized derivatives trading protocol for professional traders that strives to provide on-chain verifiable transparency and security while maintaining a CEX-level trading experience. The protocol, powered by Celestia, Risc Zero, and Hashflow, is currently deployed on the Base network.

Hibachi's mission is to build a "simple, fast, seamless, and secure" derivatives trading platform with a vision to "replace traditional trust in the platform with cryptographic proofs." At Hibachi, all transactions are cryptographically guaranteed, users' funds are verifiably supported, trading strategies are encrypted by default, and any unauthorized activity is excluded. It uses an off-chain order book architecture and publishes transaction data to Celestia and Boundless (powered by Risc Zero) via zero-knowledge proofs (ZKPs) for low latency, high privacy, and provable asset security. User...

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