◆ NOW TRADING · SOL-PERP ◆ ENCRYPTED CLIENT-SIDE ◆ MATCHED IN ARCIUM MPC ◆ SETTLED ON SOLANA ◆ PRIVATE TRADES · PUBLIC PROOFS ◆ NOW TRADING · SOL-PERP ◆ ENCRYPTED CLIENT-SIDE ◆ MATCHED IN ARCIUM MPC ◆ SETTLED ON SOLANA ◆ PRIVATE TRADES · PUBLIC PROOFS
Iceberg
Launch Terminal
Privacy × Perps · Solana Devnet

Private trades,public proofs.

Orders encrypted in your browser, matched inside Arcium's MPC network, settled on-chain. Your size is sealed — even from us.

Launch Terminal How it works
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01 — The Terminal

A trading desk that keeps your secrets.

Encrypted orders, oracle-priced batch fills, on-chain settlement. The only thing missing is everyone else's view of your size.
The Iceberg terminal: encrypted order ticket, live SOL-PERP candlestick chart, and a short position filled through an Arcium MPC batch and settled on Solana
02 — Lifecycle

Three steps. Zero leakage.

Every action maps to a cryptographic guarantee — from your keyboard to the chain.
I

Encrypt

You set size and leverage. The client encrypts them against the network's threshold key before you sign.

184.50→enc()→0x9a4f…3c21
II

Match in MPC

Arcium's compute network runs the matching circuit directly over ciphertext. No node decrypts. No node learns your size.

████×████→matched ✓
III

Settle on-chain

The fill posts to Solana with a proof. Collateral and PnL update; your size stays sealed in state.

tx5Jq…f2Aconfirmed
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03 — The Difference

Built for traders who move size.

Same on-chain settlement you expect. None of the exposure you've learned to live with.
CapabilityTypical Perp DEXIceberg
Position size visible to market● Fully public✓ Encrypted
Copy-trading / front-running your book✕ Exposed✓ Prevented
Liquidation hunting on large positions✕ Targeted✓ Size hidden
On-chain settlement & verifiability✓ Yes✓ Yes
Operator can read your positions● Sees everything✓ Nobody, incl. us
04 — Record

Questions, answered.

Q1If size is encrypted, how does matching work?+
Matching runs inside Arcium's multi-party computation network. The circuit operates directly on ciphertext — orders are compared and matched without any node decrypting them. The cluster produces a result, not a plaintext.
Q2Can the team see my positions?+
No. Encryption happens in your browser against a threshold key held collectively by the MPC cluster. There is no server-side plaintext and no operator backdoor. Even we cannot reconstruct your size.
Q3How do liquidations work if size is private?+
Liquidations stay permissionless. The protocol exposes only what a liquidator needs to act on an underwater position while keeping full size sealed. Solvency remains publicly verifiable.
Q4What chain and assets are supported?+
Iceberg runs on Solana. The launch market is SOL-PERP with USDC collateral. More markets follow once the core is proven on devnet and mainnet-beta.
Q5Is it live today?+
The full lifecycle — deposit, encrypted order, MPC match, on-chain settlement, close, and liquidate — runs now on Solana devnet. Launch the terminal to try it with devnet funds.
Iceberg · Bearer Access
✦ ✦ ✦

Trade in the dark.
Settle in the open.

Place encrypted orders, keep your size sealed, and settle on-chain with proofs anyone can verify.

Launch Terminal How it works