Decentralized exchange on Bitcoin Cash — order book plus AMM over one engine. Nostro Vostro transactions in unified USD. The venue where the market emerges.
Swap automates order-making — you pick a pair and an amount; the AMM is a maker on the same book. Exchange is the pro grid — chart, book, order form — for anyone who wants control. Both hit the same liquidity. There is no separate "AMM pool" living in isolation.
One-click trade against pooled liquidity — the AMM is a maker on the book, so a market swap always fills. Price impact and curve fee disclosed separately, never folded into "rate".
Curve fee 0.30% → LPsPro grid — chart on the left, book and order form on the right. Limit orders, historical fills, full-depth market data. For anyone who wants to name their price.
Order-book + limitBring assets in from Ethereum, Tron, Solana, Bitcoin — the correspondent locks on the source chain and mints on BCH. What lands is unified USD on Bitcoin Cash. One balance, one currency.
Cross-chain railStablecoins are not traded here. USDT · USDC · PYUSD from any supported chain enter through the Deposit rail and become one unified USD on Bitcoin Cash. The pair matrix collapses: instead of USDT/USDC/PYUSD/EURT/EURC/… pairs, Anthemus lists USD-denominated pairs only — EUR/USD, BCH/USD, and so on.
Every DEX today lists USDT/USDC, USDT/DAI, USDC/PYUSD, etc. — thin books, drifting pegs, curve fees on every swap between them. Users pay to correct the pool's opinion of "one dollar".
Deposit resolves the "which stablecoin" question at ingest. On the trading floor, you hold USD. Pairs are asset/USD, EUR/USD, BCH/USD — no cross-stable churn.
Anthemus is one of the two markets Agora holds. The other is Potidaea — a counterparty-free automated swap mechanism for backed assets, priced by the covenant itself. Different engines, complementary asset classes.
Swaps priced by the mechanism — the Universal Exchange Rate, fixed by consensus. No pool, no oracle, no counterparty. For backed assets (MBAs) where the covenant can price the swap alone.
The hub that holds both markets. Read why they coexist — the split between covenant-priced and participant-priced, and which assets live on which floor.
Order book, AMM, cross-chain deposit — one venue. Unified USD as the settlement currency, backed by the BCH base layer.