Arbitrum L3 and on-chain settlement

On-chain settlement refers to the process of finalizing transactions directly on our L3 blockchain network. Unlike centralized exchanges, where trades are executed and settled off-chain within the exchange's internal ledger, EVEDEX leverages blockchain technology to ensure users' transparency, security, and self-custody.

Our L3 network, Eventum, handles the following:

• Position and Funds Data: Logs user trading positions and balances.

• Liquidation and ADL Data: Records liquidation events and ADL (Auto-Deleveraging) adjustments.

• Funding Rates and Fees: Tracks funding rates and trading fees paid.

• Auditability: Provides open, verifiable data for anyone to review.

We have shared the entire journey of our current blockchain solution on this page. You can find detailed insights and background information there.

Interaction Between EVEDEX Core Engine and Blockchain

User actions are periodically recorded in the blockchain to verify and ensure the correctness of the backend data. Key scenarios include:

• Periodic Updates: User position data is written to the blockchain after sufficient changes have accumulated.

• Withdrawals: When a user withdraws funds, the data is recorded on-chain to verify backend correctness.