ordr.trade

# Ordr: The Open Market Making Era Starts Here A fully on chain order book exchange on Solana that gives market makers their own private accounts, cheap repricing, and protection from toxic arbitrage. The result: tighter spreads and better prices for everyone. > "Every propAMM on Solana is a black box. Closed code, operator controlled, permissioned flow. Ordr gives that same performance to anyone: your own book, near-free repricing, and execution priority over the bots trying to pick you off. This is OpenMM." ## Raising $150K @ $387K FDV. What we plan to achieve with this $150K! Raising for exactly what stands between us and public mainnet. Ordr is already live on private mainnet alpha with a working matching engine, ACE (maker-priority execution via Jito's BAM). This raise funds 6 months of focused execution: ship public mainnet, bootstrap the first liquid markets, and prove the OpenMM thesis with real volume. ### Traction | Metric | Status | | --- | --- | | Private mainnet alpha | Live | | Colosseum | Honorable mention | | Helius Startup Launchpad | Accepted | | ACE via Jito BAM | Live, built directly with the Jito engineering team, quote updates landing top of block | ## Use of Funds **Raise: $150,000 total** | Allocation | Amount | Purpose | | --- | --- | --- | | Operating fund (60%) | $90,000 | 6 months of runway at $15,000/month | | Security audit (20%) | $30,000 | Protocol audit before public mainnet | | Token liquidity (20%) | $30,000 | Pool | ### Monthly burn breakdown ($15,000/month) | Line item | Share | Monthly | | --- | --- | --- | | Team salaries (4 engineers) | 40% | $6,000 | | Market making & liquidity ops | 47% | $7,000 | | Infrastructure (RPC, gRPC/Yellowstone, hosting) | 13% | $2,000 | | **Total** | **100%** | **$15,000** | A separate proposal for audit costs will be done as the requirement comes up. ## Supply Breakdown | Allocation | % | Tokens | | --- | --- | --- | | Initial Float | 38.8% | 10.0M | | Performance Package | 50.0% | 12.9M | | Meteora LP | 3.5% | 900,000 at $0.015 | | Futarchy AMM | 7.8% | 2.0M + $30K | | **Total Supply** | **100%** | **25.8M** | **Note:** $0.015 token price is based on $387K FDV with total supply of 25.8M tokens. ## Roadmap & Milestones | Month | Milestone | | --- | --- | | Month 1 | Resolving and tightening all the existing code before engaging audit. | | Month 2 | Security audit engaged. Audit findings resolved. Private mainnet alpha expanded. | | Month 3 | Public mainnet launch. First markets live with in house market making bootstrapping liquidity. Initiating convo with aggregators. | | Month 4 | Maker SDK + docs shipped. At least one aggregator onboarded. Bringing in volume. Initiating convo with institutional market makers. | | Month 5 | Working on multiple aggregators onboarding by making taker side composable. Shipping app focusing on retail market making. | | Month 6 | First external market makers onboarded and quoting. Reach 100 million spot volume. | | Post-raise 2 | Scaling: Multiple institutional maker onboarding, deeper aggregator capture, establishing retail market making community. | ## What Ordr Is Ordr is the first wedge into a bigger idea: open, transparent on chain price discovery replacing closed proprietary AMMs. Three things in one protocol: 1. **Private order books per maker.** No shared state write lock contention. Every maker gets their own book account. No contention means no widened spreads. 2. **Cheap repricing.** Hot paths hand-optimized in sBPF assembly. Repricing is near free with guaranteed transaction landing. Quote as often as your strategy demands. 3. **ACE (Application Controlled Execution).** Makers react to market events before arbitrageurs, via Jito's BAM maker priority plugin. Quote updates land top of block. Built for market makers and the institutions flooding into Solana with nowhere open to quote. ## Market & Differentiation **The target market:** professional market makers, and institutions entering Solana, plus every trader who benefits from tighter spreads. PropAMMs (SolFi, HumidiFi, and peers) already do billions in monthly volume, but they're closed, operator controlled black boxes. Ordr is the open alternative at the same performance tier. **The one sentence pitch:** Quote deeper on more markets with less capital. | | propAMMs | Legacy on chain CLOBs | Ordr | | --- | --- | --- | --- | | Performance | Yes | No (write-lock contention) | Yes (28 CU, private books) | | Open & permissionless | No | Yes | Yes | | Toxic flow protection | Yes (operator-gated) | No | Yes (ACE via BAM) | | Price precision | No | Yes | Yes (critbit, unlimited levels) | **The potential:** at 30% routing capture of current prop AMM volume at 0.5 bps taker fee, the protocol can generate ~$6M/year from the SOL/USDC pair alone. ## Why $ORDR Value accrual is structural, not speculative: - **Fee capture:** taker fees flow to the protocol from day one. - **Open flow, not gated flow:** every new maker deepens books, tightens spreads, and attracts more taker volume. A flywheel propAMMs structurally can't run because they're closed. ## Team Token Unlock Team tokens (the Performance Package, 12.9M) are locked for an 18-month cliff. After the cliff, the team can trigger a 3-month TWAP evaluation. Tokens unlock in 20% tranches at each price milestone relative to the ICO price of $0.015. | Tranche | Price Target | Unlocked | | --- | --- | --- | | 2x ICO price | $0.030 | 20% | | 4x ICO price | $0.060 | 40% | | 8x ICO price | $0.120 | 60% | | 16x ICO price | $0.240 | 80% | | 32x ICO price | $0.480 | 100% | Each tranche unlocks 20% of team tokens. The price target is measured via a 3-month time-weighted average price (TWAP) to prevent short-term manipulation. ## Team Four core Solana engineers who met in a Solana Twitter space and have built together for 2+ years, starting as a study group on SIMDs, validator internals, and DeFi. We write sBPF assembly by hand and contribute to the core validator itself. Across the team have contributed to open source protocols including Agave, Blueshift, Anchor, MagicBlock, Pinocchio, TapeDrive, and Surfpool. **Vinaya, CEO & Co-Founder** 4+ years in Software Engineering and 2+ years on Solana. Writes sBPF assembly for machine level optimization. Contributor to Blueshift and Agave. Arcium fellow, top of class in the Solana Foundation x Rektoff Rust Security program, Superteam member. **Avhi, CTO & Co-Founder** 2+ years on Solana. Contributor to Agave, Blueshift, Anchor, MagicBlock. Built a transaction scheduler, a C implementation of Turbine shredding, and kernel-level systems code. Won the global Solana Privacy Hack. Superteam member, multiple grant winner. **Manu, CIO & Co-Founder** Shipped a Solana client extension merged into Surfpool with mentions from the Solana Foundation and Turbin3. Won the Chainlink Block Magic and Push BRB hackathons. Top auditor from the Rektoff x Solana Foundation Rust Security program. **Arjun, COO & Co-Founder** 4 years in software, 2+ on Solana. Contributor to Agave, MagicBlock, Blueshift, TapeDrive. Built lotry.fun ($50K+ volume), won 11+ hackathons. Created Chio (60+ stars) and solana-program-list (90+ stars). Solana Summer Fellowship 2024, Arcium Fellowship 2025 (top 3, grant). Master's in CS with AI/ML.