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TLDR
- Anthic is launching on the Radix network, offering CEX-level liquidity with DEX security for top crypto assets like BTC, ETH,SOL, DOT and more.
- Using Flash Liquidity, Anthic enables real-time, low-slippage trades by combining centralized exchange efficiency with the ethos of decentralization, making DeFi trading faster, cheaper, and more accessible.
- In the first stage, Anthic will integrate with leading market makers such as Keyrock, Portofino, and G-20, alongside Radix DEXs like Ociswap, Caviar Nine, and Astrolescent.
Anthic is a new liquidity system launching on the Radix network that aims to redefine decentralized trading for major, liquid crypto assets such as BTC, ETH, SOL, DOT and more.
For DeFi users, Anthic is designed to provide a single, consolidated, decentralized venue where anyone can confidently trade their favorite crypto assets in the top 50/100/200, without needing to constantly switch venues and chains.
Anthic will run on the Radix Network and implement the Flash Liquidity system recently announced by RDX Works. This means users get all of the benefits of a non-custodial wallet, transaction manifest, near-instant finality, and the incredible user experience of the Radix platform; now combined with centralized exchange levels of liquidity. That means low slippage, low fees, wide asset range and deep markets, regardless of the chain, without sacrificing the core ethos of crypto and Web3.
Anthic will bring intent-based liquidity solutions for integration into the existing Radix DEXs and Radix compatible trading front ends. It is designed to be combined with the on-chain liquidity already in Radix with the significant off-chain liquidity available across the crypto space.
What is the Problem to Solve?
Automated Market Makers (AMMs) have been a game changer for community bootstrapping of liquidity - an innovation that has driven a huge amount of growth in the DeFi space over the years.
However, as the market for a given token matures and trade size increases, users often face significant slippage when just trading on AMMs, as well as an increasing problem with MEV, especially when multiple markets exist for the same token. This has driven users back to centralized venues as soon as their favorite token is available to trade there, rather than sticking to DeFi venues.
Intent-based DEXs offer a fresh solution to these issues by letting users express trade intentions which are then matched with the best possible offers from all liquidity available on that chain. This reduces slippage, enhances trade efficiency, and allows for a much lower cost base for putting on and taking off orders - a key cost that often prevents market makers and institutions from trading at size on AMMs.
On Ethereum, these intent-based platforms complement AMMs such as Uniswap or Balancer, tapping into their liquidity, and aggregating liquidity across venues. This collaboration allows AMMs to receive increased volume while users experience liquidity aggregation, lower slippage and MEV free trades.
However, a key drawback of intent-based DEXs, such as COW Swap, is that they can still only draw from the liquidity available on the chain that it is based on.
This means that tokens from other ecosystems, or liquidity from other platforms, such as centralized exchanges, cannot be leveraged. As a result, the number of assets that are traded, as well as the liquidity across platforms such as CoW swap, are significantly limited.
Data provided by Keyrock supports this drawback. They have deeply analyzed the trading of COW Swap and have found that the majority of swaps are really only conducted between a couple of major asset pairs.
Introducing Anthic
Anthic is a new type of intent based liquidity system, designed to redefine decentralized trading on the Radix network. Built on intent-based trading, Anthic will offer real-time liquidity and low-slippage markets for any crypto asset issued on Radix.
Leveraging Flash Liquidity and in partnerships with top market makers, Anthic will bring the speed, liquidity, and efficiency of centralized exchanges to the decentralized world. Here’s how it works, why it’s different, and what’s coming next.
Flash Liquidity allows market makers to provide liquidity across a wide range of assets without needing to lock up capital on-chain. This ensures trades are executed in real-time, with minimal slippage. This dynamic, on-demand liquidity approach is designed to transform how assets are traded in DeFi, giving users access to deeper markets and better pricing than what’s typically available on decentralized exchanges, combined with a broader range of liquid assets to trade than available on any DEX today.
What makes Flash Liquidity truly exciting is its ability to aggregate liquidity from multiple sources, including both on-ledger and off-ledger assets, while still maintaining the non-custodial and permissionless nature of DeFi.
This benefits traders by providing instant, low-cost execution while also incentivizing market makers with higher capital efficiency. It’s a game-changer for the Radix ecosystem, enhancing the liquidity landscape for all DeFi users and driving more efficient, fair, and competitive markets.
In the first stage of its release, Anthic will introduce market buy/sell limit orders, integrating with leading market makers such as Keyrock, Portofino, and G-20, alongside Radix DEXs like Ociswap, Caviar Nine, and Astrolescent.
Key Features of Stage 1
- Market Limit Orders with Tight Slippage Bounds: Users place intent-based market limit orders with precise slippage controls (e.g., no more than 0.5% slippage). These orders will either fill or kill within 10 seconds or better, ensuring rapid execution at the best available price.
- Competitive Pricing & Front-Running Protection: Market makers provide real-time pricing streams for various trade sizes, but they do so without knowing the user’s intent in advance. Anthic aggregates these price feeds, ensuring users always get the most competitive rate while protecting them from front-running.
- Price Aggregation: Anthic constantly gathers price streams from multiple market makers, offering users the best possible pricing for each asset pair, based on their order size and slippage tolerance.
- Solver-Based Execution: After the user submits their order, solvers match the best market maker offers and submit the transaction to the Radix ledger within seconds, ensuring fast, seamless execution.
Stage 2: Open Market Participation and Advanced Order Types
Open Market Participation
In stage 2, Anthic’s market making system will be opened up to allow any entity - whether it’s a professional market maker or otherwise - to provide liquidity and participate as a market maker on Anthic. This ensures a decentralized, competitive market for all users, enabling liquidity for a wide variety of assets.
More Order Types
In Stage 2, Anthic will also expand its offering by introducing persistent limit orders, bringing in more sophisticated order types:
- Buy Limit Orders
- Sell Limit Orders
- Stop-Loss Orders
- TWAP (Time-Weighted Average Price) Orders
These new order types will give users greater flexibility to manage their trades, implement automated strategies, and reduce risk.
Looking Ahead: Anthic’s Future Impact on DeFi
As Anthic evolves through its development stages, it will become an increasingly useful and powerful way to bring liquidity to the Radix ecosystem, offering real-time, low-slippage liquidity for any asset across the network. By incorporating persistent limit orders and sophisticated trading strategies, Anthic will empower users to access the depth and liquidity typically found only on centralized exchanges - while maintaining the security, transparency, and decentralization of DeFi.
More broadly, Anthic has the potential to shape the future of decentralized finance by offering unmatched liquidity, flexibility, and efficiency. As the Radix ecosystem grows, Anthic will continue to integrate with other protocols and liquidity providers, ensuring a robust and thriving DeFi market on Radix.