Key Features

Architecture

At its core, Hibachi is a central-limit order book that uses RISC Zero's ZK prover and Celestia's DA to ensure safety, performance, and transparency.

Hibachi leverages on-chain smart contracts to manage custody. A user can always verify reserves and exit on-chain. On the other-hand, Hibachi uses an off-chain order book to handle trades.

Settled trades are posted on-chain using ZK proofs via RISC Zero to ensure integrity of off-chain components and the state is published on Celestia.

This architecture guarantees lightning-fast performance and is completely transparent for users.

Portfolio Margin

Every Hibachi account uses portfolio margin, providing traders with the most advanced and efficient way to trade with leverage. This system allows you to maximize the use of your capital by applying the same collateral across different positions. From the moment you start trading, we offer you the optimal margining solution to enhance your trading experience.

Subaccounting

Our intuitive subaccounting feature makes it extremely easy for you to create multiple accounts and isolate risk across different trading strategies. Hibachi was designed with subaccounting as an integral part of its core architecture, rather than as an afterthought, giving users full control over multiple accounts and risk management.

As a result, you experience subaccounting as a first-class citizen, making it a foundational feature that enhances your trading experience and control. Due to our provable architecture the exchange latency is in the same league as a centralized experience without compromising on transparency.