Last updated 5 months ago
Limit orders on Cardano are fragmented across DEXs relying on centralized batching, limiting liquidity, deploying trades at scale and onboarding market makers.
A permissionless orderbook where every user, bot, DEX, or liquidity pool can match with P2P orders enabling full non custodial composability within Wizard and across other protocols.
Please provide your proposal title
Cardano Global Orderbook
Enter the amount of funding you are requesting in ADA
149500
Please specify how many months you expect your project to last
4
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Limit orders on Cardano are fragmented across DEXs relying on centralized batching, limiting liquidity, deploying trades at scale and onboarding market makers.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
NO dependencies
Will your project's outputs be fully open source?
No
Please provide details on the intellectual property (IP) status of your project outputs, including whether they will be released as open source or retained under another licence.
The p2p protocol will use a phased open source approach. All core smart contracts that power the P2P settlements will be fully open-sourced after audits, under a permissive license.
Please choose the most relevant theme and tag related to the outcomes of your proposal
DEX
Describe what makes your idea innovative compared to what has been previously launched in the market (whether by you or others).
Wizard introduces a unique, restriction minimized validator and datum structure enabling orders to be created, filled, or partially filled by any address. It supports arbitrary datum types for execution against LPs offering the most symbiotic framework for DEXs and dApps to build strategic use cases on top of the orderbook.
Our idea is a composable protocol that can unify all limit orders and market making activity on the L1 through a permissionless, shared orderbook system. as of today all DEXs handles orders and liquidity in isolation, leading to fragmented trading, limited exposure for orders, and an inability to coordinate market making and advanced strategies at scale.
Other attempted orderbooks in the past had adoption constraints due to lack of composabilty with other protocols and centrelized batching.
The smart contract we built have minimal restrictions to allow any protocols to communicate and interact with all P2P orders on our orderbook premissionlessly
Our goal is working together with Dexs in order to boost capital efficiency in the shared model market making models (LP) by allowing DEX LPs to match with available P2P orders on a shared OB model.
this means the more volume go through the orderbook the more liquidity and fees pools utilize and generate while reducing impermanent loss all around.
This is a new liquidity primitive where every user, bot, and liquidity pool can discover and compete to fill limit orders cross platfrom at scale, was never made possible in this way and there is a clear gap in the ecosystem to satisfy.
Describe what your prototype or MVP will demonstrate, and where it can be accessed.
Our MVP will demonstrate the core mechanics with fundamental ordertypes like one-way , 2 way , partial fill, multi fill, update, cancel with a special feature in the works called Auto limit.
We will display all of the best principles practiced like:
One-Way Orders
A one-way order is a standard limit order (buy or sell once at a specific price).
2 Way Orders
A two way order allows the user to place two separate limit orders one buy and one sell within a defined range.
Partial Fill
Orders do not need to be filled in a single transaction.
A partial fill happens when the available liquidity only covers part of the order size. (any size)
Multi-Fill
Taker transaction can fill multiple orders at once.
Update
An open order can be modified without canceling.
Cancel
Users can fully cancel any open order at any time.
Auto-Limit Orders (Special Feature in Development)
An advanced order type that updates itself automatically using oracle signed prices and a premium/discount parameter encoded in the datum. Instead of a static limit price, the order adjusts dynamically based on market price, enabling automated strategies such as dynamic spreads, grid trading, and adaptive market making in the future.
This can be activated when using 1 or 2 way orders
Composabilty with liquidity pools
Last month we demonstrated for the first time a liquidity pool matching with P2P limit order
We are actively working with multiple Dexs including Sundae,Minswap and VyFi to show that Cardano can support a unified orderbook matching cross users, bots, DEXs,aggregators and liquidity pools.
First Wallet integrating P2P functionality
Gero wallet will be the first wallet to integrate our P2P marketplace on their wallet.
Currently no mobile wallet has P2P swaps built in.
Accessibility
Wizard Orderbook will have it's own webapp frontend where anyone can create and fill P2P orders directly from the orderbook or P2P Marketplace.
Describe realistic measures of success, ideally with on-chain metrics.
A core goal of Wizard is to unify Limit order Settlements across the Cardano ecosystem, and our primary measures of success is when multiple independent apps begin routing, placing, or filling orders through the shared orderbook.
We belive this will result in increase limit order size due too better exposure for fills.
Successful technical collaboration with major DEXs such as Minswap, SundaeSwap, and VyFi, demonstrating that Wizard’s orderbook can serve as shared orderbook infrastructure rather than a competing product.
GeroWallet integrating native P2P order creation and filling directly inside the wallet interface becoming the first Cardano wallet with built-in P2P swaps.
Adoption by trading bots, market making tools, and aggregators that choose to route liquidity through Wizard.
Please describe your proposed solution and how it addresses the problem
Wizard introduces a neutral shared and fully composable orderbook that any DEX, wallet, aggregator, trading bot, or market maker can plug into. Instead of limit orders on different islands living inside individual DEXs, Wizard allows every order to be discovered, competed for, and filled by anyone across the ecosystem including other Liquidity pools.
This reduces fragmentation and acts as a unified liquidity engine on Cardano ensuring that every order gets the best possible execution without additional fees, slippage, or price impact.
To achieve this Wizard implements fully permissionless P2P settlement directly on Cardano L1.
Orders are created, updated, filled, and cancelled on-chain without batching, custody, or intermediaries.
This design uniquely enables AMM liquidity pools to directly fill P2P limit orders, increasing capital efficiency, improving match quality for DEX users, and reducing impermanent loss for LPs. We have already demonstrated the first ever SundaeSwap LP → Wizard P2P match, proving the viability of cross-protocol orderflow.
Wizard supports a full suite of fundamental order types: one way and two way limit orders, partial and multi-fills, order updates, and cancellations giving traders, bots, and integrated protocols the same expressive power expected from mature orderbook systems.
In addition Wizard introduces Auto-Limit orders: whih are dynamic limit orders powered by live oracle pricing where users define a premium or discount. The order automatically adjusts as the market moves enabling non-custodial automated strategies within a single transaction fee.
All of this is built around clean, native Cardano principles:
• ownership through staking credentials (no NFTs)
• pure non custodial control
• multiple operations per transaction
• no additional scripts, tokens, or protocol fees required
This architecture provides a simple, efficient, and integration friendly foundation for a unified trading experience across Cardano. Wizard addresses the core problem of fragmented liquidity by enabling every DEX, wallet, and automated system to participate in a shared, permissionless market unlocking deeper liquidity, better execution, and a more connected ecosystem.
Please define the positive impact your project will have on the wider Cardano community
Wizard has the potential to significantly strengthen how liquidity, trading, and interoperability function across the entire Cardano ecosystem. By introducing a shared, neutral, and permissionless orderbook, Wizard turns fragmented pockets of liquidity into a unified marketplace where every order can be discovered and competed for by users, DEXs, bots, and even AMM pools. This creates better prices, deeper liquidity, and a more efficient trading environment for everyone in the community, regardless of which wallet or DEX they prefer.
For developers and protocols, Wizard becomes an open liquidity primitive they can build on without changing their core architecture. DEXs gain access to a larger pool of orders to fill, wallets can integrate native P2P trading for the first time, and aggregators and trading bots can route liquidity through a single shared endpoint. This reduces duplication of effort, strengthens composability, and increases innovation across the ecosystem.
For liquidity providers, Wizard improves capital efficiency. By enabling AMM pools to directly fill P2P limit orders, LPs can earn more fees with less impermanent loss, while traders receive better execution. This alignment supports healthier markets and a more sustainable DeFi environment.
Wizard also lowers barriers for new builders. Because the infrastructure is fee-less, neutral, and purely L1-native, teams can integrate without permission and without relying on proprietary systems. This encourages experimentation, cross protocol strategies, and integrations with future networks like Midnight or partner chains.
On the user level, Wizard delivers a tangible improvement in trading quality:
Overall, Wizard helps move Cardano toward a unified, globally competitive liquidity layer one where non custodial liquidity is shared, integrations are open, and user experience is dramatically improved. The outcome is a more efficient, interconnected, and attractive ecosystem that benefits every participant builders, traders, LPs, wallets, aggregators, and new users discovering Cardano for the first time.
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
Wizard is building together with TxPipe Labs, one of the most respected engineering teams in the Cardano ecosystem, ensuring that the protocol follows industry grade development standards, best practices, and long-term maintainability. This collaboration significantly strengthens both feasibility and accountability of the orderbook.
Wizard is not a theoretical proposal we already have working prototypes and on-chain demos showcasing the feasibility of our approach. Attached to this proposal is a full demo video illustrating all supported order types in action, including one-way and two-way limit orders, partial fills, multi-fills, updates, cancellations, and Auto-Limit functionality.
In addition, we have published real on-chain evidence of cross protocol matching: a SundaeSwap LP → Wizard P2P limit order match, the first of its kind on Cardano, proving that AMM liquidity pools can seamlessly fill P2P orders through our shared orderbook architecture.
We are validating our approach by working directly with ecosystem projects, DEX teams, wallet teams, aggregators, and market makers to ensure the protocol meets their integration requirements.
We are already in active discussions with multiple DEXs, aggregators and wallet teams in order to bring mutual network effects necessary for a shared liquidity layer to succeed. Their feedback continuously informs our development, ensuring that the protocol is not only technically feasible but also strategically aligned with real user needs.
The protocol’s architecture is designed around trustless, non-custodial, L1 native settlement, which inherently increases transparency, accountability, and verifiability. Every operation order creation, updates, fills, cancellations is validated on-chain, allowing the community to independently audit and verify the system’s behavior.
Given our proven progress, collaboration with TxPipe, functioning prototypes, on-chain demonstrations, and ongoing integrations with leading ecosystem teams, we are highly capable of delivering Wizard in a way that is secure and feasible at scale.
Milestone Title
P2P MVP Mainnet
Milestone Outputs
This milestone delivers the first production ready release of Wizard on Cardano mainnet, providing the full foundation of the P2P orderbook and marketplace. The key outputs include:
• Mainnet deployment of all core Wizard validators (order creation, updates, fills, cancellations, multi-fills).
• Fully functional P2P orderbook capable of handling all core order types:
• one-way limit orders
• two-way limit orders
• partial fills
• multi-fills
• order updates
• cancellations
** Wizard WebApp (post-audit) providing:**
• live on chain orderbook
• P2P marketplace interface
• order creation & management UI
Acceptance Criteria
All core validators are deployed to Cardano mainnet and function exactly as specified (creation, updates, fills, cancellations, multi-fills).
The mainnet orderbook shows live user orders and supports querying, filtering, and real-time state updates.
Users can create, update, fill, partially fill, and cancel orders through the Wizard WebApp with successful on-chain settlement.
Order ownership is fully handled through Cardano staking credentials, with no NFTs or custodial mechanisms.
The WebApp UI is fully functional, responsive.
A public demo recording shows all supported order types working on mainnet.
Evidence of Completion
• Live production WebApp URL with real mainnet orderbook functionality.
• Recorded demo video
• marketplace UI
• order updates & fills
• live orderbook activity
• Official announcement post, validating the public release of Wizard mainnet.
Delivery Month
2
Cost
40000
Progress
90 %
Milestone Title
Dex LP → P2P Integration
Milestone Outputs
This milestone delivers the first live, production level integration between Wizard and an external Cardano DEX, enabling AMM liquidity pools to directly fill P2P orders through the shared orderbook.
Key outputs:
integration with at least one major Cardano DEX (e.g., SundaeSwap, Minswap, VyFi, etc.),
enabling Pools to fill P2P limit orders using AMM liquidity
Mainnet demonstration of:
• AMM pool → Wizard P2P match
• Short API / integration guide for additional DEXs to adopt the flow.
• Updated Wizard front end showing transactions filled by DEX liquidity pools.
• Public communication (Post/video) announcing the first DEX integration.
Acceptance Criteria
On-chain mainnet transactions show:
A public demonstration (short video or article) clearly shows:
creating a Wizard order
filling it using the DEX liquidity pool
confirmation on mainnet
Evidence of Completion
**Mainnet transaction IDs showing **
DEX LP → Wizard P2P fills
Demo video showing:
DEX LP matching the order
Delivery Month
2
Cost
40000
Progress
60 %
Milestone Title
Auto limit orders
Milestone Outputs
This milestone delivers the full Auto Limit Order system on mainnet
A dynamic, oracle priced order type that automatically adjusts its target execution price based on real-time market conditions, without modifying on-chain datum or requiring the user to pay repeated transaction fees.
This includes
Updated Wizard WebApp supporting:
Developer documentation covering:
Acceptance Criteria
Auto Limit validator scripts are deployed to mainnet and accept valid transactions.
• premium (positive or negative %)
• one-way and/or two-way configuration
• the redeemer includes a valid, signed price
• signature is verified by the validator
• filler respects the required premium
• shows live market prices
• displays premium adjusted target price
• allows full management of Auto Limit orders
Mainnet Auto-Limit fills executed using the signed price redeemer.
Documentation publicly available.
A full public demo demonstrates end-to-end functionality.
Evidence of Completion
Recorded demonstration video showing:
creation → price signing → fill on mainnet
Public announcement / release notes confirming launch
Delivery Month
4
Cost
69500
Progress
50 %
Please provide a cost breakdown of the proposed work and resources
The requested budget covers the full delivery of Wizard’s core P2P mainnet release, the first DEX integration milestone, and the deployment of Auto Limit order functionality on Cardano.
Each milestone includes Smart contract engineering, backend services, UI updates, audits, and integration support.
Milestone 1 – P2P Mainnet Deployment
Requested: 40,000 ADA
This funding supports completion of the core P2P orderbook and marketplace on mainnet, including:
Justification
40,000 ADA covers roughly 2 months of development, including backend engineering, smart contract review, and UI integration. This ensures that the P2P MVP reaches full mainnet readiness with audited contracts and robust infrastructure.
Milestone 2 – DEX and Liquidity Pool Integrations
Requested: 40,000 ADA
This milestone focuses on integrating Wizard with at least one major Cardano DEX and enabling AMM liquidity pools to fill Wizard P2P orders on mainnet showcasing proof of concept.
This budget also supports maintenance for continuing integration support for at least 2 more dexs, custom validation paths, adapter development, and assisting external teams during onboarding.
DEX integrations require a dedicated engineer to work closely with each protocol.
Milestone 3 – Auto-Limit Order Type Deployment
Requested: 69,500 ADA
This milestone delivers Wizard’s oracle driven Auto-Limit order type, including:
Auto-Limit requires at least 2 FTE engineers dedicated to smart-contract development and custom oracle logic
The requested amount helps cover development, internal testing, audit preparation, and mainnet deployment.
This milestone introduces a major enhancement to Cardano’s trading capabilities:
dynamic, trustless, non-custodial limit orders.
Total Requested Budget
149,500 ADA
Distributed across the three milestones:
How does the cost of the project represent value for the Cardano ecosystem?
Value for Money
high value to the Cardano community because it funds core infrastructure that benefits the entire ecosystem not just a single dapp. Wizard’s shared P2P orderbook, DEX to P2P liquidity matching, and Auto-Limit system closes a a critical gap to allow deeper liquidity and stronger composability across all DEXs, wallets, and advanced trading strategies.
The cost is tightly aligned with real engineering output
All funding goes directly toward backend development, smart contract work, integrations, audits, and UX supported by a dedicated team working with together with TxPipe to deliver on a missing L1 infrastructure that will reduce fragmentation, improves liquidity, and unlocks new trading capabilities at scale across the Cardano ecosystem and Beyond.
I confirm that evidence of prior research, whitepaper, design, or proof-of-concept is provided.
Yes
I confirm that the proposal includes ecosystem research and uses the findings to either (a) justify its uniqueness over existing solutions or (b) demonstrate the value of its novel approach.
Yes
I confirm that the proposal demonstrates technical capability via verifiable in-house talent or a confirmed development partner (GitHub, LinkedIn, portfolio, etc.)
Yes
I confirm that the proposer and all team members are in good standing with prior Catalyst projects.
Yes
I confirm that the proposal clearly defines the problem and the value of the on-chain utility.
Yes
I confirm that the primary goal of the proposal is a working prototype deployed on at least a Cardano testnet.
Yes
I confirm that the proposal outlines a credible and clear technical plan and architecture.
Yes
I confirm that the budget and timeline (≤ 12 months) are realistic for the proposed work.
Yes
I confirm that the proposal includes a community engagement and feedback plan to amplify prototype adoption with the Cardano ecosystem.
Yes
I confirm that the budget is for future development only; excludes retroactive funding, incentives, giveaways, re-granting, or sub-treasuries.
Yes
I Agree
Yes
Benny Porat – Founder and Project Lead
Benny leads Wizard’s vision, architecture, and ecosystem strategy.
coordinates development, manages partnerships with DEXs, wallets, and ecosystem teams to ensure global orderbook adoption as a neutral permissionless liquidity layer for Cardano.
**Dominik Zachar (DZ) **– Core Backend Developer with years of contributions and experience building on Cardano
TxPipe Labs – Protocol Engineering Partner
TxPipe provides senior Cardano engineering expertise, contributing to the infrastructure design, implementation, and smart contracts. They ensure the protocol is built to industry grade standards and is secure, efficient, and maintainable.
Valerie Novgorodskaiia – UX & Product Designer
Valerie designs Wizard’s user experience and interface. She translates complex P2P and orderbook mechanics into clear, intuitive flows for traders, integrators, and ecosystem partners.