0dba41eff0
- Source: inbox/archive/2026-03-09-mmdhrumil-x-archive.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
28 lines
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1.4 KiB
Markdown
28 lines
No EOL
1.4 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Archer Exchange
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domain: internet-finance
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status: active
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founders:
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- Dhrumil (@mmdhrumil)
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platform: Solana
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product_type: DEX
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tracked_by: rio
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created: 2026-03-11
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---
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# Archer Exchange
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Archer Exchange is a fully on-chain DEX on Solana that implements dedicated, writable-only-by-you order books for each market maker. The architecture eliminates state contention by giving each MM isolated writable state while maintaining on-chain settlement and price discovery. Co-founded by Dhrumil (@mmdhrumil), the design was inspired by the observation that "prop AMMs did extremely well."
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## Timeline
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- **2026-03-09** — Architecture described in X thread: each MM gets dedicated order book, fully on-chain matching, permission-less execution with competitive quotes model
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## Relationship to KB
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Archer's dedicated order book architecture represents a new mechanism design pattern for DEX infrastructure, distinct from both AMM pools (shared liquidity) and centralized order books (off-chain matching). The design could be applied to futarchy conditional token markets to improve liquidity without requiring shared capital pools.
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Relevant claims:
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- [[archer-exchange-implements-dedicated-writable-only-order-books-per-market-maker-enabling-fully-on-chain-matching]]
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- [[permissionless leverage on metaDAO ecosystem tokens catalyzes trading volume and price discovery that strengthens governance by making futarchy markets more liquid]] |