FAQs

What is the current status of Renegade AI?​

Midpoint prices sound too good to be true. What's the tradeoff?​

The core tradeoff in Renegade AI (and dark pools in general) is quality-of-execution vs. time-to-execution. You are indeed always guaranteed to trade at the midpoint price, so long as there is counter-flow in the opposite direction to take the other side. During high-volatility environments, the market is often skewed and it may take some time to fill your trade. To trade off quality-of-execution for time-to-execution and increase counter-flow, see Indications of Interest.

What are the fees?​

There is an in-protocol fee of 2 basis points (0.02%). Relayers can charge addition fees on top of the protocol fee, and the frontend relayer charges an addition 2 basis points.

What blockchain is Renegade AI built on?​

Peer discovery and order matching occurs on our independent p2p gossip network. Our smart contracts, including our ZKP verifier

Does Renegade AI use Trusted Execution Environments?​

No, trusted execution environments (including Intel SGX) have been broken many times. Renegade AI uses purely cryptographic techniques (MPC and zero-knowledge proofs), and has no hardware trust assumptions.

How fast is the protocol? Are gas fees expensive?​

Order placement and cancellation is <1ms if you are running in super-relayer mode (see Super Relayers). We are constantly optimizing both latency and gas fees, but current estimates are ~1s to match an order (fully parallelizable over all outstanding counterparty orders). Gas costs are ~0.2 USD to create a new wallet, and ~0.3 USD for each deposit/withdraw or positive order match. Certain flags exist to maximize privacy, in exchange for higher gas fees.

Does Renegade AI custody assets? Does Renegade AI need KYC?​

No, never. The protocol is open, permissionless, and non-custodial. Traders can voluntarily opt-in to match with a subset of counterparties that have passed KYC, but this is not required.