A typical perp DEX runs 27 validators, 8 oracle sources and a bridge with 4 keys. Temuliquid kept the box and the key.
Typical perp DEX27 validators, 8 oracle sources, a 4-key bridgeTemuliquidOne box, one key
TemuBFT
Messages per consensus round. BFT consensus sends about n² of them.
27 validators729
TemuBFT25
With one key1
TemuBFT: 5 validators, 25 messages per round.
Settlement
Temuliquid settles to Safe Rollup.
Temuliquid is a sovereign L1 that settles to an L2, @donnoh_eth's Safe Rollup. Counted from Ethereum, that makes us an L3. Every trade passes through our database first, for speed.
L1, L3TemuCoreTemuliquid's exchange layer. The part with the logo.
DBOur exchange's databaseTrades settle here. It has an undo button.
L2Safe RollupAn OP Stack chain run behind a Safe.
L1A SafeHolds the deposits.
L1Ethereum SepoliaReceives a hash.
Each layer settles to the one below it.
Risk summary
Stage 2 is a $607,000 niche market.
Stage 0 still has requirements. Temuliquid is at Stage −1.
Temuliquid
Stage−1
Five slices. All red.
State validation
None
Data availability
Committee, threshold 1 of 1
Exit window
None
Forced transactions
Whitelisted accounts only
Proposer failure
Permissionless after 1,000 years
Upgrades
Instant, one key. Timelock removed to ship faster.
Slashing
TODO
Why Temuliquid
We compared Temuliquid with a typical perp DEX on the questions traders ask most. Temuliquid won every row.