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Execution Decentralization Roadmap
From simulated prototype to a fully protocolized, decentralized execution network.
// phases
P0
Phase 0 — Prototype
- Simulated matching engine
- Simulated settlement
- Simulated intelligence data
- Paper trading only
- No funds
- No mainnet
P1
Phase 1 — Private Testnet
- Centralized matching engine with transparent logs
- XRPL EVM contracts for collateral, positions, funding, and liquidation
- Signed orders
- Verifiable fill messages
- Basic oracle adapter
- Testnet collateral
P2
Phase 2 — Verifiable Matching
- Merkle-rooted order book snapshots
- Signed fill batches
- Public execution logs
- Dispute window for invalid fills
- Independent indexer verification
- Matching event API
P3
Phase 3 — Decentralized Operator Set
- Multiple matching nodes
- Validator / keeper network
- Slashing for invalid execution
- Decentralized liquidation keepers
- Redundant infrastructure
P4
Phase 4 — Fully Protocolized Execution
- Deterministic matching rules
- Governed market parameters
- Public audit trail
- Decentralized liquidation network
- Institutional-grade risk controls
- Production security and monitoring