Strata is a three-layer order book DEX that takes every source of liquidity on Solana — real orders, market maker intents, and AMM depth — and puts it on one unified book. Every trade fills. Guaranteed.
Every taker order routes through priority — real orders fill first, then intent RFQ, then AVL provides guaranteed fallback. 100% fill rate by design. No other DEX does this.
User limit orders escrowed in on-chain UserVault PDAs. Funds are locked — hard commitment. Settle immediately when matched via price-time priority.
Market makers post soft RFQ commitments stored on-chain in IntentRecord PDAs. Reputation-backed, not capital-locked. Parallel RFQ to all MMs at match — first responder fills.
Jupiter/AMM liquidity mirrored as visible depth. Depth Sampler maps the curve, fresh quote + atomic CPI swap on execution. Price guard on-chain. Book is never empty.
AVL takes liquidity already on Solana — across Raydium, Orca, Meteora, and every AMM Jupiter routes through — and renders it as visible order book depth. No funds move until a trade executes. No new pools needed. Every AMM on Solana becomes a silent market maker.
The Depth Sampler calls Jupiter quote API at 12 size increments to build a map of available liquidity at every price level.
| 1 SOL | $150.02 | +0.01% |
| 10 SOL | $150.15 | +0.10% |
| 50 SOL | $150.30 | +0.20% |
| 100 SOL | $150.52 | +0.35% |
| 500 SOL | $151.05 | +0.70% |
| 1000 SOL | $151.80 | +1.20% |
Inner band (±0.5%): every 2–5s. Outer (0.5–2%): every 10–15s. Far (2%+): 30s. 40–60 virtual levels per side.
Each Jupiter quote becomes a price level with incremental size, timestamp, TTL, and source tag.
Virtual orders render as translucent bars alongside real orders. One book. All liquidity visible.
Fresh Jupiter quote → single Solana tx via CPI → debit UserVault → swap via AMM → credit output tokens. Price guard reverts on slippage.
Depth Sampler polls Jupiter across 12 sizes to map AMM liquidity at every price — 40–60 virtual levels per side.
Every taker routes through priority: real → intent RFQ → AVL fallback. Waterfall ensures nothing is left unfilled.
Single atomic Solana tx via Jupiter CPI. Price guard on-chain. All or nothing — no partial fills, no broken trades.
Strata isn't just an order book — it's a self-sustaining liquidity engine. Five participant types. Five ways to earn. All feeding each other in a cycle that gets stronger the more people use it.
Resting limit orders that sit unfilled serve as collateral for short-duration options elsewhere in DeFi. The maker earns premium while the order stays available on the book — no action required, no risk to the original order.
"Will there be >500 SOL at $150 in the next hour?" Traders stake on whether specific depth levels will fill. Predictions aggregate into signals that feed back into the book — market makers see the signal and quote accordingly. The book becomes self-aware.
Calls and puts with 30-min to 4-hour expiries, displayed inline alongside spot orders on the same book. A trader who thinks SOL hits $155 in the next hour can buy spot, buy a call, or write a put — all from one interface. The options are priced against visible depth, so premiums are naturally tight.
Stake collateral into a price range with leverage — $1,000 of collateral represents $3,000–$5,000 of depth. Ranges slot into the order book as segmented virtual orders. Providers earn spread from every fill. Price exits the range → position auto-unwinds, collateral returned. No impermanent loss, no bots needed.
The first order book DEX on Solana that never looks empty.