--- title: "Anthic" path: "/ecosystem/anthic" bannerImage: "https://j9ytchrzkvqpcul7.public.blob.vercel-storage.com/77474587-948b-4b04-b7fb-b1297337367f.jpeg" version: "3.1.0" author: "ShardSpace Admin" createdAt: "2026-02-06T16:07:52.705Z" updatedAt: "2026-07-18T11:30:37.511Z" --- # Anthic **Anthic** was an [intent-based trading platform](https://anthic.medium.com/introducing-anthic-640b39e40688) planning to launch on the Radix network in Q1 2025. The platform aimed to bridge the gap between centralized exchange (CEX) liquidity and decentralized exchange (DEX) security by implementing a hybrid architecture that combined off-ledger expression of liquidity with on-chain execution. *Status note (July 2026): Anthic's technical documentation (docs.anthic.io) and primary domain (anthic.io) no longer resolve, and the intent-based trading platform does not appear to have launched publicly on Radix. The surviving public record is the project's [Medium posts](https://anthic.medium.com/introducing-anthic-640b39e40688).* ## Overview The platform's core innovation was its [Flash Liquidity system](https://anthic.medium.com/flash-liquidity-12a566e30498), which allowed market makers to provide liquidity without pre-funding on-chain pools. This approach enabled real-time, low-slippage trades by combining centralized exchange efficiency with decentralized finance (DeFi) principles. Flash Liquidity aggregated liquidity from multiple sources, including both on-ledger and off-ledger assets, while maintaining the non-custodial and permissionless nature of DeFi. At launch, Anthic planned to [integrate with leading market makers](https://anthic.medium.com/anthic-launch-parters-33cb59c28a10) such as Keyrock, G-20, and Portofino, alongside Radix DEXs including [Ociswap](Ociswap%20db98af5ef73e4c41b0014f6dc05fb132.md), [CaviarNine](CaviarNine%20aeb1379af8a145209d11aba444339559.md), and [Astrolescent](Astrolescent%206973417ff80440f2a816a1ed2465961e.md). The platform initially targeted support for at least 25 of the top crypto assets, with plans to expand coverage to the top 100 and beyond. A key feature of Anthic was its [gasless trading system](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235), which enabled trades to complete within 5 seconds or less. The platform utilized Radix's native mechanisms including Subintents, an off-ledger Order Messaging System, and an on-ledger ecosystem of Solvers to facilitate efficient trade execution. Rather than introducing a new token, [Anthic's economic model](https://anthic.medium.com/anthic-fees-db65f8049f52) was built around $XRD, the native token of the Radix network. The platform implemented a maker-taker fee model with 100% of fees being converted to $XRD through market purchases. These fees were then distributed with 40% locked from circulation, 30% shared with integrated DEXs, and 30% allocated to development and operations. The platform entered public testnet in [December 2024](https://anthic.medium.com/anthic-live-on-testnet-8e5f416fd1ae), featuring full end-to-end functionality including live price feeds from market maker partners, test trading capability using flash liquidity, and test solver bots matching orders as they would in production. ## Technology Anthic's architecture combined off-ledger liquidity expression with on-chain execution through several key technological innovations: ### Flash Liquidity [Flash Liquidity](https://anthic.medium.com/flash-liquidity-12a566e30498) enabled market makers to provide liquidity without pre-funding on-chain pools. The system used Instamint, powered by [Instabridge](Instabridge%20185dfc2a7e3d805e8701e389ce15fe61.md), to allow market makers to mint wrapped assets on Radix as needed, using short-term (<24h) lines of credit. This approach significantly improved capital efficiency as market makers only moved assets on-chain when trades were confirmed. ### Intent-Based Trading Anthic's intent-based system differed from traditional Automated Market Makers (AMMs) by moving order matching and coordination off-ledger while maintaining on-chain settlement. [Unlike traditional DEX systems](https://youtu.be/6YEASF6diOQ) that require separate transactions for makers and takers, Anthic's intent system allowed both sides of a trade to be bundled into a single transaction, significantly reducing complexity and costs. ### Order Messaging System The Order Messaging System served as the core off-ledger infrastructure, facilitating interaction between liquidity providers, DEXs, and their users. It maintained a Subintent Pool similar to a blockchain mempool, where trade intentions were stored and matched before on-chain execution. [The system enabled](https://youtu.be/6YEASF6diOQ) market makers to express liquidity they hold on other venues without needing to move inventory until execution. ### Subintent Architecture Subintents functioned as signed definitions of trade parameters, authorizing transactions within predefined conditions such as price, slippage, and time limits. [This approach differed substantially](https://youtu.be/6YEASF6diOQ) from other intent-based platforms like COW Swap, as Anthic's subintents integrated directly with Radix's system-level architecture rather than existing solely at the application layer. ### Settlement Process The [settlement process](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235) completed within 5 seconds, [significantly faster than COW Swap's 5-minute auction process](https://youtu.be/6YEASF6diOQ). The rapid settlement involved: 1. $1 2. $1 3. $1 4. $1 5. $1 ### Front-Running Prevention Anthic prevented front-running through its [price stream mechanism](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235). [Unlike COW Swap's auction-based approach](https://youtu.be/6YEASF6diOQ), Anthic required market makers to provide pricing before knowing specific trade details. Once a user committed to a price, the market maker could not modify it, effectively eliminating the possibility of sandwich attacks without requiring lengthy auction periods. ## Features - **Real-Time Trading:** [Anthic provided near-instantaneous trade execution](https://anthic.medium.com/anthic-live-on-testnet-8e5f416fd1ae), with transactions typically completing within 5 seconds. [This represented a significant improvement](https://youtu.be/6YEASF6diOQ) over other intent-based platforms like COW Swap, which requires 5-minute auction periods for trade execution. - **Cross-Chain Asset Support:** The platform [enabled trading of any crypto asset](https://anthic.medium.com/introducing-anthic-640b39e40688) issued on Radix. [Market makers could express liquidity](https://youtu.be/6YEASF6diOQ) they hold on other venues without moving inventory until execution, allowing them to efficiently provide deep liquidity across multiple chains. - **Capital Efficiency:** Through [Flash Liquidity](https://anthic.medium.com/flash-liquidity-12a566e30498), market makers could provide liquidity across multiple assets without locking up capital in specific pools. [This addressed a key limitation](https://youtu.be/6YEASF6diOQ) of other intent-based platforms like COW Swap, where market makers must pre-fund their positions with on-chain inventory before trading. - **User Security:** All trades maintained [full non-custodial security](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235) through the use of cryptographically signed subintents. Users retained complete control of their assets throughout the trading process, with transactions only executing when all predefined conditions were met. - **Gasless Transactions:** [Users did not need to hold $XRD](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235) for transaction fees, as trades could be executed using the traded asset itself. [The bundling of maker and taker actions](https://youtu.be/6YEASF6diOQ) into single transactions further reduced gas costs compared to traditional DEX approaches requiring separate transactions. - **Price Improvement:** The platform implemented a [sophisticated price aggregation system](https://anthic.medium.com/introducing-anthic-640b39e40688) that combined liquidity from multiple sources. [Market makers streamed real-time pricing](https://youtu.be/6YEASF6diOQ) that accurately reflected current market conditions across all venues where they operate, ensuring users receive optimal pricing while maintaining the security of decentralized trading. - **DEX Integration:** [Anthic integrated with existing Radix DEXs](https://anthic.medium.com/introducing-anthic-640b39e40688) such as Ociswap, CaviarNine, and Astrolescent, allowing them to combine their native AMM liquidity with Anthic's aggregated liquidity. - **Front-Running Protection:** The platform's [intent-based architecture](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235) prevented front-running through a unique price streaming mechanism. [Unlike traditional AMMs](https://youtu.be/6YEASF6diOQ) where orders can be seen and front-run, or auction-based systems that require long waiting periods, Anthic required market makers to commit to prices before seeing specific trades, eliminating the possibility of sandwich attacks while maintaining rapid execution. ## Market Integration ### Market Maker Partnerships Anthic had established [strategic development partnerships](https://anthic.medium.com/anthic-launch-parters-33cb59c28a10) with three major crypto market makers: Keyrock, G-20, and Portofino. Keyrock, supported by industry players including Ripple and SIX Fintech Ventures, operates on over 85 trading venues and collaborates with major platforms like Binance and Kraken. G-20 maintains activity across 60 crypto exchanges and serves hundreds of clients with various token projects. Portofino Technologies provides liquidity on over 100 tokens and holds registrations with the UK FCA and BVI Financial Services Commission. ### DEX Integration Framework Anthic's integration model enabled existing Radix DEXs to leverage its liquidity alongside their native pools. The platform provided DEXs with an API framework that included order book access, fee information, and limit order functionality. Initial integrations included [Ociswap](Ociswap%20db98af5ef73e4c41b0014f6dc05fb132.md), [CaviarNine](CaviarNine%20aeb1379af8a145209d11aba444339559.md), and [Astrolescent](Astrolescent%206973417ff80440f2a816a1ed2465961e.md), with trades executed through these platforms benefiting from both their native AMM liquidity and Anthic's aggregated market maker liquidity. ### Asset Support The platform [initially targeted support](https://anthic.medium.com/introducing-anthic-640b39e40688) for at least 25 of the top crypto assets by market capitalization, with plans to expand to the top 100. Through Instabridge, Anthic already supported major assets including BTC, ETH, USDC, and USDT on the Radix network. ### Revenue Sharing [Anthic implemented a DEX revenue sharing program](https://anthic.medium.com/anthic-fees-db65f8049f52) where 30% of all trading fees were distributed to integrated DEXs based on their proportional contribution to trading volume. This incentivized DEX participation and helped grow the broader Radix trading ecosystem. ### Integration Technology The platform provided comprehensive technical documentation and SDKs for integration partners. This included detailed APIs for trade execution, Flash Liquidity provision, and solver operations. DEXs could utilize these tools to offer their users access to Anthic's liquidity while maintaining their own user interface and trading experience. ## Economic Model ### Fee Structure [Anthic operated on a maker-taker fee model](https://anthic.medium.com/anthic-fees-db65f8049f52) with no maker fees at launch to encourage liquidity depth. Taker fees were set at 0.1% of trade value, with progressive discounts available based on trading volume and $XRD staking levels. ### Fee Distribution The platform [converted 100% of collected fees to $XRD](https://anthic.medium.com/anthic-fees-db65f8049f52) through market purchases, which were then distributed as follows: - 40% was locked away and removed from circulating $XRD supply. - 30% was distributed to integrated DEXs proportional to their trading volume. - 30% supported Anthic's development, marketing, and operations. ### User Incentives [The platform implemented a tiered fee structure](https://anthic.medium.com/anthic-fees-db65f8049f52) with six levels, from Standard to VIP 5. Users could qualify for reduced fees based on: - 30-day trading volume ($10,000 to $10,000,000+). - $XRD staking amount (75,000 to 3,000,000 LSU). - Taker fees decreased from 0.10% at the Standard tier to 0.05% at VIP 5. ### DEX Revenue Share [Integrated DEXs received](https://anthic.medium.com/anthic-fees-db65f8049f52) a share of trading fees proportional to the volume they contributed. To qualify, DEXs had to register with Anthic and receive an authenticated API. This incentivized DEX participation and helped grow the Radix trading ecosystem. ### Settlement Fees The platform charged two types of settlement fees: - A solver fee paid to transaction bundlers. - A transaction execution fee covering network costs. - A portion of the transaction execution fee could be rebated to users if the actual execution cost was lower than the initial charge. ## Development Status ### Testnet Launch [Anthic launched on the Radix public testnet](https://anthic.medium.com/anthic-live-on-testnet-8e5f416fd1ae) in December 2024, featuring a complete end-to-end implementation. The testnet deployment included live price feeds from market maker partners, test trading capability using flash liquidity, and test solver bots matching orders in real-time conditions. ### Developer Resources The platform had released comprehensive technical documentation covering integration patterns for DEXs, market makers, and solvers. A developer SDK wrapping the Anthic API was available on GitHub, providing tools for building against the platform's core functionality. ### Integration Progress [Market maker integration](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235) testing was underway, with partners including Keyrock, G-20, and Portofino actively connecting to the system. The platform had successfully demonstrated order fills and price streaming through its test deployment. ### Current Features The testnet implementation included: - [Live indicative price streams](https://anthic.medium.com/anthic-live-on-testnet-8e5f416fd1ae) from high liquidity venues. - Aggregated pricing from multiple market makers. - Functional test APIs for integration testing. - Live solver bundling and transaction submission. - Test deployment of Instamint integration. ### Mainnet Timeline Anthic targeted a [Q1 2025 mainnet launch](https://anthic.medium.com/introducing-anthic-640b39e40688) with initial support for at least 25 top crypto assets. The platform planned to expand coverage to the top 100 assets and beyond post-launch, while maintaining its focus on deep liquidity and efficient price execution. ## Technical Architecture ### Order Messaging System The Order Messaging System functioned as Anthic's core infrastructure, coordinating liquidity and order flow between DEXs, liquidity providers, and DeFi applications. It maintained a Subintent Pool that collected and matched signed trade intentions before on-chain settlement. The system offered Web2-style API integration familiar to market makers, closely resembling Request for Stream (RFS) models used in centralized exchanges. ### Solver Network Solvers played a critical role in the Anthic ecosystem, receiving wrapped versions of limit order subintents from both DEXs and market makers. They bundled coincident subintents into valid transactions and submitted them to the Radix network. Solvers received both a flat fee in $XRD and a transaction execution fee for successful submissions. ### Market Maker Integration The platform employed a [sophisticated Flash Liquidity system](https://anthic.medium.com/flash-liquidity-12a566e30498) for market maker integration, featuring: - Real-time price streaming infrastructure. - Multi-session handling capability. - Authenticated API access. - Fill reconciliation mechanisms. - Post-trade settlement processes. ### DEX Aggregation The DEX integration framework enabled existing Radix DEXs to combine their native AMM liquidity with Anthic's aggregated market maker liquidity. This included: - Order book access API. - Fee computation systems. - Limit order submission. - Price aggregation mechanisms. ### Security Architecture [The system implemented](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235) multiple security layers: - Cryptographic validation of subintents. - Time-bound execution windows. - Slippage protection mechanisms. - Front-running prevention through price commitment. - Non-custodial trading workflows. ### Infrastructure Components The platform utilized several key [infrastructure components](https://anthic.medium.com/anthic-deep-dive-ca670e8d5235): - Instamint for on-demand asset minting. - Instabridge for cross-chain asset bridging. - Subintent management system. - Price feed aggregation. - Transaction construction and validation.