GLADE

Security model

An OTC desk that settles non-atomically is worse than no desk. These rules are not optional.

Atomic or nothing

Both legs in one transaction. If the second leg fails, the first must not move. No escrow holding user assets at any point.

Short quote expiry

60-second default TTL. A long-lived signed quote is a free option for the taker. Makers cancel on-chain.

Fair-band visibility

Deviation from time-weighted consensus is shown to both parties before signing. The desk never hides a bad price.

TW consensus

Never quote against a single pool or a spot snapshot taken after a large pool move. Median of recent deep-pool samples.

Market hours only

Blocks settle during US sessions on a real market calendar, when the underlying price is meaningful.

Audited primitive

Build settlement on a standard, audited settlement path rather than a bespoke custodian contract.

Geo disclaimer

Tokens are not registered in the US and are not offered to US residents. Accessing the desk from restricted jurisdictions is prohibited.