Deepwaters is launching a novel hybrid exchange that leverages both centralized and decentralized technologies to guarantee enforceable integrity, auditability, and transparency in trading. The platform emphasizes zero MEV/front-running, zero gas trading, zero internalization, zero slippage, zero PFOF, zero custodial violations, and zero rehypothecation. Deepwaters says its architecture makes fraud and manipulation — including by the exchange itself — impossible because trades remain confidential until published to a public order book and the code prevents viewing or manipulating order flow. The team includes veterans from Jefferies, Goldman Sachs, and KPMG and partners with projects such as NEAR, Wormhole, and Ava Labs; it also plans third-party code audits with FYEO, asset security with Fireblocks, and quarterly audits from a "big four" firm within the next year. The public beta was scheduled to go live on February 14, 2023, with Avalaunch leading a public token sale on February 15. Deepwaters reported over 140k unique testnet accounts and has secured over $5m in funding from investors including Avalanche, LD Capital, and Big Brains Holdings.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2023