What is Bazaar
Bazaar is the first ever fully permissionless derivatives marketplace where perpetual futures on almost any asset with a price can be traded by anyone, against anyone. Bazaar is immutable and unowned. A marketplace for everything can only stay neutral if no one can say no.
What makes Bazaar different
Almost any asset with a live oracle feed can become a market. Stocks, crypto, commodities, FX, international equities — listed by anyone.
Matching is run by independent sequencers that compete for fees — and are penalized for censoring orders.
Every trade matches trader against trader on an on-chain order book. Liquidity providers never take the other side of your position.
Run a sequencer, hunt liquidations, challenge fraud, underwrite risk. Every job the exchange needs is permissionless — and pays.
No upgrades, no proxy patterns, no multisig. The deployed code is the protocol — forever.
No DAO, no token voting, no committees. It runs on math and incentives, not politics.
Six independent roles keep the protocol running. These roles are open to anyone. Everyone earns.
Build frontends, APIs, relayer bots, and tools on top of the protocol. Earn a share of trading fees on every order routed through them.
Post bonds to match orders on chain and earn per-fill fees. Anyone with a bond can sequence.
Challenge sequencers that partake in censorship and skip orders.
Deposit capital into the per-asset insurance fund and earn yield from liquidations and trading fees; absorb losses from bad debt on liquidations.
Liquidate underwater positions before they become insolvent.
Execute auto-deleveraging when liquidation exposure exceeds the insurance fund. Close winning positions against pending liquidations via a Dutch auction.
Any asset with a live oracle feed can be listed and traded 24/7
Drop your email and we'll let you know when testnet is ready.