A lit perpetuals orderbook where your size, leverage, and liquidation level stay hidden. Every proof is generated locally in your browser; the relayer pays fees so you never sign a trade. Connect a wallet to derive your shielded identity (SIWS) — or run key-less for the demo.
This order's size & price are public on the lit book (that's what makes it a real price-discovery book), but the order is unlinkable to you — no signature, ZK membership — so nobody can aggregate your total size or target you. Your leverage and liquidation level stay hidden either way.
For stronger size privacy, use an iceberg — show a small public peak and hide the true size in a committed reserve (the margin proof binds the full size, so it can't be a hidden-leverage exploit). Toggle it on below. It's set-and-forget: you pre-prove the whole refresh chain at placement and hand it to the keeper, which reveals the next peak as each one fills — no need to stay online. A smaller peak hides more but takes more proofs up front.
A market maker posts a crossing ask and the keeper matches it on the lit book.
The mark crosses your hidden level; a keeper liquidates you via the 3-of-5 committee signature on the public bucket — your exact liquidation price never touches the chain.