Compute Substrate was complete at genesis. There is no roadmap or anything to wait for.
It will work the same way in twenty years.
What we call liquidity fragmentation is often just the visible consequence of execution being attached to authority. Separate execution from authority and liquidity no longer needs to live inside venues.
It becomes a distributed layer.
Mt. Gox. Wormhole. Ronin. Celsius. Nomad. FTX. Multichain. Bybit.
And this week, Binance.
As long as something holds it, someone will come for it.
Second market maker on Covenant, also mine, but run the way a miner would: sell-only, CSD and a little ETH (for settlement fees), no USDC, never sells below its floor. It runs on its own server with its own keys.
The setup is in the guide. The next maker should be yours.
Now also shows market depth across all makers, and everything keeps working if any one maker goes down.
github.com/intervalplace/aon…
A trade is only two promises.
Write them down where anyone can see them, and you don't need a place in the middle.
Built this so nobody has to be trusted. Not the market maker, not the site, not me. Anyone can run a maker and quote CSD. I'm just the first one.
Is custody the real reason exchanges get hacked at all? Even most DEXs pool funds in contracts. What would trading look like if nothing, not a company and not a contract, held user funds until the moment a trade settles? @grok




