Polyester preserves verifiability and solvency guarantees while limiting information that can be exploited to degrade trading outcomes.
Transparency Without Overexposure
Every action on Polyester is transparent at the system level.
- All asset movements are recorded on-chain.
- Inventory, backing, and solvency are publicly verifiable.
- Market data reflects real trading activity in real time.
This ensures the exchange remains auditable by any third party and does not rely on trust in opaque systems.
At the same time, Polyester avoids exposing information that enables order hunting, front-running, or targeted exploitation of individual traders.
What Is Public vs Private
| Public | Private |
|---|---|
| Trades as they execute | Trader identities behind orders and trades |
| Real-time L1 and L2 order book data | Live per-user balances and position breakdowns |
| All asset movements and transfers | Individual order intent (available as delayed L3 data) |
| Exchange-wide inventory states | Per-user order history and trading patterns |
Why This Design
Fully opaque systems make fairness and solvency unverifiable. Fully transparent systems expose traders to external pressure that worsens execution quality.
Polyester is built on the principle that markets should be provably fair, but traders should not be publicly mapped in real time.
The result is an exchange where liquidity is auditable, solvency is provable on-chain, and individual traders can operate without unnecessary exposure.