Bluefin Pro is the next generation of Bluefin's decentralized perpetual futures exchange, designed to prioritize extremely low-latency order flows and trustless on-chain trade execution, while maintaining the non-custodial principle of decentralized exchanges.
This unique architecture introduces a truly decentralized platform, enabling users to retain full control of their assets and High Frequency Traders (HFTs) to run advanced strategies with order creation/cancellation speeds competitive with those of centralized exchanges, achieving a superior trading experience for all users and accelerating the adoption of institutional liquidity.
The key differentiating elements of Bluefin Pro compared other Perps DEXs are:
- Trustless Execution: Made possible by several powerful primitives on Sui – Nautilus’ Hardware Trusted Execution Environments and Walrus’ decentralized storage layer. Being powered by a TEE (trusted execution environment) instead of an off-chain engine ensures that no one can tamper with order logic, price-time priority, or outcomes without it being detectable and provable.
- Millisecond performance: The new architecture enables network roundtrips for order creations and cancellations to compete with the low latencies of centralized exchanges. Websockets will be the ultimate source of truth, the HTTP responses from posting and cancelling orders are only meant to be an acknowledgement of the request (doing basic schema validation), and the actual confirmation for an order being open, rejected, successfully canceled or failed will come via Websocket.
- On-chain Transparency and Self-Custody: Bluefin’s decentralized infrastructure ensures that all assets are held on-chain in a shared object on Sui, restricting the access or modification of the user's assets beyond contract actions like liquidations. Additionally, the protocol ensures that no centralized censorship or fund manipulation is possible, all inputs/outputs are published and verifiable.
- Cross and Isolated Margin Formulisms: Bluefin Pro now supports Cross-Margin, enabling the adoption of more capitally efficient trading strategies, catering to the needs of many institutional traders. Similarly, we've maintained support for Isolated Margin to cater to a broad sector of retail traders that prefer not to expose their entire trading account as collateral when opening positions.
Note: Bluefin Pro will go live Q2 2025 and Sui's Nautilus upgrade goes live afterwards. So Bluefin's TEE upgrade will be released as soon as Nautilus hits mainnet.