Dual-Lane Market Making
Next-generation AMM separating institutional RFQ flow from retail trades, with batch auctions, adaptive state management, and built-in protections against whale manipulation and toxic flow.
Available Markets
Mainnet pairs launching Q2 2026. Preview of supported markets with institutional-grade liquidity and $250K+ self-custody protection coverage.
Why two lanes?
Traditional AMMs treat all trades equally, which creates problems: large institutional orders move prices dramatically, front-runners extract value, and retail traders face unpredictable slippage. JIL's dual-lane architecture solves this by routing traffic appropriately.
How your trade is routed
Institutional traders need price certainty and large block execution. Retail traders need fair access and protection from manipulation. Mixing them creates problems for both. Separating them serves everyone better.
Route Selection
This is a static preview. Trade on the live DEX app.
Two lanes, one unified liquidity layer
RFQ Lane Institutional Flow
Request-for-Quote trading for qualified counterparties
- Block trades - Execute large orders without market impact
- Price discovery - Competing quotes from market makers
- Settlement bonds - Counterparty performance guarantees
- Reputation scores - Track record affects access and terms
- Post-trade transparency - Delayed reporting protects info leakage
Who Uses RFQ?
Asset managers, trading desks, OTC brokers, market makers, and institutional allocators who need to move significant size without moving the market.
Retail Lane Regular Trading
Standard AMM with enhanced protections for everyday users
- Batch auctions - Fair price for all trades in a block
- Oracle bands - Prices bounded by external references
- MEV protection - No front-running or sandwich attacks
- Slippage limits - Trades revert if price moves too far
- Instant settlement - No waiting, no counterparty risk
Who Uses Retail?
Individual traders, DeFi users, small funds, and anyone who values simplicity, speed, and fair execution over block size.
Lane Comparison
| Feature | RFQ Lane | Retail Lane |
|---|---|---|
| Order Size | Large blocks ($100K+) | Any size |
| Price Discovery | Competitive quotes | AMM curve + oracle band |
| Market Impact | Minimal (off-curve) | Proportional to size |
| Settlement | T+0 with bonds | Instant (atomic) |
| Counterparty | Known market makers | Protocol liquidity pool |
| Access | Reputation-gated | Permissionless |
| Privacy | Delayed reporting | Immediate on-chain |
Market state machine
The AMM continuously monitors market conditions and adjusts parameters automatically. State transitions happen based on volatility, oracle deviation, liquidity utilization, and settlement failures.
Hysteresis Prevents Flapping
Entry thresholds differ from exit thresholds. For example, volatility of 5% triggers ELEVATED state, but you need volatility below 3% to return to NORMAL. Minimum dwell times prevent rapid state changes. Downgrades require stepping through each level (HALTED → STRESSED → ELEVATED → NORMAL).
Simple, transparent fee structure
No hidden fees. No variable rates that change with market conditions. One flat fee that funds network operations and liquidity incentives.
Transaction fees fund network operations, liquidity provider incentives, and humanitarian initiatives. No inflationary rewards. No hidden yield mechanics.
Three control authorities
Each authority has bounded powers. No single authority can confiscate funds, retroactively reprice trades, or act with unbounded discretion.
Autonomous (On-Ledger)
On-chain rules that execute automatically based on market signals. No human action needed.
Risk Engine (Adaptive)
Off-chain ML models that sign time-limited recommendations for throttling and spread adjustments.
Human Governance (Emergency)
Multi-sig governance for emergency actions. HALT/resume, key rotation, and parameter updates.
How we stop whales
AMM v5 includes multiple layers of protection against market manipulation, toxic flow, and coordinated attacks.
Toxicity Scoring
Every trader gets a toxicity score based on: win rate vs. LPs, average edge extracted, directional flow ratio, and cancel patterns. High scores trigger throttling.
Sybil Detection
Cluster analysis identifies coordinated wallets: timing correlation, size patterns, pair overlap, and shared funding sources. Clusters get unified throttle limits.
Adaptive Spreads
When toxic flow is detected, spreads widen automatically. Honest traders pay normal fees; manipulators face higher costs that make their strategies unprofitable.
Progressive Throttling
Four throttle levels: None → Light (reduced caps) → Moderate (lower priority) → Heavy (RFQ-only + bonds required) → Blocked (temporary with appeal path).
Extraction Vectors
Batch stuffing, oracle gaming, toxic flow detection, and inventory skew monitoring. Each vector has dedicated countermeasures that activate autonomously.
Griefing & Sybil Attacks
RFQ spraying, order/cancel storms, settlement failures, and Sybil cluster detection. Related wallets are treated as a single entity with shared limits.
Guardrails: what controls must never do
No matter the market state or authority level, the following actions are permanently prohibited at the protocol level.
- Confiscate user funds or freeze accounts without due process
- Retroactively reprice settled or executed trades
- Censor transactions without providing cryptographic receipts
- Exercise unbounded discretion over market parameters
- Override user-initiated withdrawals beyond the settlement queue
- Modify historical proofs or audit trails
What this means for you
Retail Traders
Fair prices, no front-running, predictable execution. Batch auctions ensure uniform clearing prices. MEV protection built into every transaction.
Institutions
Block execution without market impact, known counterparties, settlement bonds, and delayed reporting to prevent information leakage on large orders.
Liquidity Providers
Protection from toxic flow through adaptive spreads. Sustainable yields from genuine market-making activity, not subsidized by inflationary token rewards.
Market Makers
Clear rules, reputation-based access, bond requirements, and competitive RFQ infrastructure. Build a verifiable track record on-chain.
The dual-lane architecture ensures everyone gets appropriate service without compromising others.
Why JIL DEX
How JIL's protected DEX compares to the leading decentralized and centralized exchanges.
| Feature | JIL DEX | Uniswap | dYdX | CEXs |
|---|---|---|---|---|
| Self-Custody | ✓ MPC 2-of-3 | ✓ | ✓ | ✗ |
| Protection | ✓ $250K+ auto | ✗ None | ✗ None | ~ SIPC only |
| MEV Protection | ✓ Built-in | ~ Partial | ✓ | N/A |
| Post-Quantum | ✓ Dilithium/Kyber | ✗ | ✗ | ✗ |
| Compliance | ✓ 13 jurisdictions | ✗ | ~ Limited | ~ Varies |
| Settlement | 1.5s finality | ~12s (ETH) | ~1s | Instant |
| Fee Model | 2% flat | 0.3% variable | 0% promo | 0.1-0.5% |
| Institutional RFQ | ✓ Dual-lane | ✗ | ~ OTC desk | ✓ |
Built for institutions, secured for everyone
Multi-layered security architecture designed for institutional-grade asset protection.
MPC 2-of-3 Signing
Threshold cryptography splits your key into 3 shards. You hold one, ensuring no single party can move your assets. True self-custody with institutional backup.
Post-Quantum Ready
Dilithium signatures and Kyber key encapsulation protect against quantum computing threats. Future-proofed cryptography built into every layer.
14-of-20 Validator BFT
20 validators across 13 jurisdictions. 70% quorum required for consensus. No single nation or entity can halt the network.
$250K+ Protection
Automatic protection coverage (third-party underwritten) for Premium tier users. Your assets are protected even while you hold your own keys.
On-Chain Proofs
Every settlement, state transition, and compliance check produces a verifiable cryptographic proof. Full audit trail, fully transparent.
Circuit Breakers
Automatic market state machine transitions during volatility events. Progressive throttling protects users without requiring manual intervention.
Start Trading on the Insured DEX
Self-custody. Protection coverage. Post-quantum security. No compromises.