What is
@SidepitExchange?
Sidepit is a next generation exchange that leverages patented technology based on SHA-256 to recreate the conditions of the open outcry trading pits.
A unique, transparent auction process freezes time and eliminates the advantages of HFT / co-located bots preventing order front running and allowing genuine price discovery.
Sidepit allows large institutional hedgers currently reliant on OTC desks to minimize variance by eliminating execution risk (flash crashes) and create a positive sum game for sophisticated traders.
Sidepit will initially allow traders to speculate on, and hedge, the price of
#bitcoin but will expand to include
#ETH and traditional financial instruments.
Because Sidepit facilitates real price discovery it will act as an oracle for other parts of the
#BitcoinDeFi infrastructure.
Sidepit leverages a unique bitcoin trust model and
#ordinals infrastructure to allow traders to keep control of their own private keys.
Sidepit 1.0 eliminates the requirement for KYC via the dexchain trust model as bitcoin can only be returned to the wallet from which it is sent.