Post a quote with the price locked. It only opens once the other side puts up escrow — and the moment it does, both sides settle in a single Sui transaction. No desk to trust. Nothing to front-run.
Your order moves the price before it fills, and the mempool sees it coming. Slippage takes the rest.
Now you’re trusting a middleman, paying the spread, and hoping they don’t walk halfway through. Settlement drags for days.
Good luck proving to your DAO what you actually agreed to. The paper trail sits off-chain — if it exists at all.
Same five steps, every time. Pip handles the cryptography — the only thing either side has to trust is the chain.
The maker encrypts the terms locally and posts the ciphertext to Walrus. The blobId is the commitment.
Sealed quotes hit the public RFQ board. Takers see only the size band — never the price.
A taker funds a refundable good-faith deposit. That deposit is what satisfies the Seal policy.
Seal auto-releases the key the instant the policy is met. Terms decrypt for both parties — no ghosting.
One atomic PTB moves both legs at once. A receipt is minted — provable on-chain forever.
We went through 599 Sui Overflow projects and the whole Walrus showcase. Plenty use one of these pieces. Not one puts commit-reveal, Seal, Walrus, and atomic settlement together for OTC. So we did.
Seal auto-releases on policy match. A maker can go offline — the trade still completes without them.
Settlement is a single atomic PTB. There’s no public intent to front-run, no gap between legs.
The blobId is the hash of the ciphertext. Swap the terms and the commitment changes — provably.
Seal’s Move policy decides exactly who decrypts, and only after escrow. Eavesdroppers get useless bytes.
Content-addressed storage. The ciphertext lives here; its blobId is the cryptographic commitment.
Threshold encryption with Move-defined access policies. Releases keys only when conditions are met.
Programmable Transaction Blocks settle both legs of the trade atomically, with sub-3s finality.
RPC for every on-chain call and Data API for the live audit dashboard and volume analytics.