- Source: inbox/archive/2026-03-09-mmdhrumil-x-archive.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 4) Pentagon-Agent: Rio <HEADLESS>
29 lines
1.5 KiB
Markdown
29 lines
1.5 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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founded: 2025
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founders: ["Dhrumil (@mmdhrumil)"]
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website: ""
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platform: "Solana"
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key_metrics:
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architecture: "Fully on-chain matching with dedicated writable-only order books per market maker"
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design_inspiration: "Prop AMMs did extremely well"
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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 Solana-based market making infrastructure protocol that implements fully on-chain matching through a novel architecture: each market maker gets a dedicated order book that only they can write to, while execution remains permissionless. Co-founded by Dhrumil (@mmdhrumil), the design was inspired by observing that "prop AMMs did extremely well" — translating proprietary AMM control into a permissionless infrastructure primitive.
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## Timeline
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- **2026-03-09** — Architecture described: dedicated writable-only-by-you order books per MM, permissionless execution with competitive quotes, design inspired by prop AMM success
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## Relationship to KB
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Archer provides the market making infrastructure layer that could enable [[permissionless leverage on metaDAO ecosystem tokens catalyzes trading volume and price discovery that strengthens governance by making futarchy markets more liquid]]. The dedicated-book-per-MM model represents a novel mechanism design pattern sitting between pure AMM pooling and traditional centralized matching.
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- [[domains/internet-finance/_map]]
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