§1 · ABSTRACT · page 1 of 12
A Fair Decentralized Perpetual Exchange
SVP Chain is a sovereign derivatives chain forked from dYdX v4 with full EVM compatibility. It eliminates front-running, adverse selection, and censorship through batch auction matching and transparent on-chain settlement.
The chain natively supports AI agents via x402 payments, agent-optimized RPC, and an on-chain reputation system — enabling autonomous trading alongside human traders at the same finality.
In one sentence: "SVP Chain eliminates front-running, adverse selection, and censorship — three unsolved problems at the core of every on-chain perpetual exchange."
Key Contributions
Open CLOB matching, EVM + CosmosVM dual execution, and the first AI-agent-native derivatives infrastructure layer.
Technical Approach
01Batch Auction Matching
Fair price discovery without MEV extraction on order flow.
02EVM + CosmosVM
Solidity contracts call native modules for IBC and staking.
03Agent-Native Layer
x402, SDK adapters, and on-chain agent reputation.