PROTOCOL
A lit market with a private account layer.
Privora follows a continuous price-time-priority order book. Privacy is applied to ownership and clearing state, not to the market itself.
From click to position
- Deposit collateral once. Deposit and withdrawal are the only deliberately wallet-linkable boundaries.
- Your browser signs an exact order intent with a shielded session key. It never signs or fee-pays a Solana trade transaction.
- The backend durably accepts the package, proves the authorization and economic transition, and relays it.
- The continuous public book matches using public price, side, size, and time priority.
- The backend proves the private successor balance and position. You may leave after durable acceptance.
Two margin modes
Cross is the default and uses one confidential shared-collateral portfolio across markets. Isolated remains selectable per order and maintains an independently margined net position for each market.
Both modes use the same signed intent, matching pipeline, private finalization, and versioned on-chain risk policy.
One action, bounded transactions
A marketable order authorizes and matches in one Solana transaction, followed by a backend-owned private settlement. A resting order is authorized first, matches later, and then receives the same settlement. Cancel is native; liquidation and withdrawal use their own compact proofs.