privacy perp dex
for real world assets.
A privacy-first perpetuals exchange for tokenized real-world assets. Sealed orders no one can exploit.
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Built by the former Coinbase DeFi Trading engineering lead.Built for institutional funds and sophisticated traders.
You hold your keys and funds stay in your control.
Trades are hidden from both the public and the house, ensuring complete fairness.
WebSocket and REST endpoints with the same sealing guarantees as the front-end.
Third-party audits, formal proofs of fairness, and continuous bug bounties.
Trade like you're invisible.
Every order is sealed before it touches the book. Matching and liquidations are privately handled inside Trusted Execution Environment.
“We want to trade on DEXs like Hyperliquid, but without privacy, funds like ours are exposed to copy trading, forcing billions back onto centralized exchanges that they don’t trust either. We need Opal.”
House blind by design.
Orders are encrypted client-side, queued in micro-auctions, and only revealed at settlement. We can’t see your strategy. Only the trusted execution environment can decrypt and see your trades.
Seal
Your order is encrypted client-side and committed to an onchain auction. Nothing reaches the public mempool. Nothing reaches us.
Execute
Sealed orders settle inside a trusted execution environment (TEE) — hardware-isolated, sub-second matching at a single uniform price. No priority gas, no MEV, no front-running.
Prove
Every fill emits an onchain proof of fairness — verifiable by anyone, without exposing the underlying strategy.
Reward
100% of protocol fees pool into the distribution contract, and pay out to $OPAL holders in ETH every week.
$OPAL rewards calculator
Estimate your potential monthly rewards from Opal's reward system.
- Trading fee: 0.02% of daily volume*
- Total supply: 70M tokens
*Estimated rewards based on projected trading volume, current fee structure, and other variables. Actual rewards may vary based on market conditions and protocol updates.
Reference point: Hyperliquid averages $5–10B in daily trading volume.