Sharded order books, and a $150K raise that filled in 5 seconds | Pirates Parley E26
Avhi and Arjun from Ordr join Pirates Parley the day after their futarchy raise on Futardio closed at 50x oversubscribed. We get into how the four of them met in a Solana Twitter space, why they think open market making beats prop AMMs, and what happens when you give every market maker their own book. They cover:
Why Ordr gives each market maker a private book instead of one shared state Write-lock contention on Solana and how sharded books route around it ACE via Jito's BAM plugin, live in production today Repricing near-free via hot paths hand-written in sBPF assembly Colosseum honorable mention in the DeFi track and what it taught them The Futardio raise: $150K target, filled in under 5 seconds, 50x oversubscribed at the time of recording Their thesis on OpenMM: proprietary AMMs are closed black boxes, Ordr opens the same performance tier to anyone Mobile-native market making on Seeker, no infra required Codebase in Pinocchio, "developers who have lost their training wheels" Roadmap: audit first, public mainnet in four to five months Avhi finishing his four-year degree the day before the raise closed
0:00 Welcome and the day after Ordr's raise 1:45 Meet Avhi and Arjun, four founders from India 4:50 Meeting in a Solana Twitter space and shipping to Colosseum 10:35 Why Solana needs another order book: write-lock contention 12:00 How order books work and where aggregators fit 15:45 Sharded books: every maker gets their own account 21:00 Archer, price updates, and CU-level efficiency 22:00 Toxic order flow and ACE via Jito BAM 25:35 Fully onchain matching engine 26:30 Solana's read layer, Alpenglow, and finality 29:55 Triton infra and where Ordr sits on the read layer 31:30 The $150K raise, filled in five seconds 34:05 Avhi graduating the day before, and the team's ages 35:25 Why futarchy: betting on the belief 37:35 Token distribution and the ICO close on 31 July 40:10 Audit-first roadmap, public mainnet in four to five months 42:30 Pinocchio, sBPF assembly, and lost training wheels 43:45 Building in public and the audit proposal 45:10 OpenMM thesis and mobile-native market making on Seeker 50:55 Relentless teams and hard problems 51:55 Website walkthrough and Yellowstone Shield
Sharded order books, and a $150K raise that filled in 5 seconds | Pirates Parley E26
The $100k exploit, the attacker who tuned in, and six hours to recovery
Streamflow: solution first, problem later, and the alpha on equity-backed tokens
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