MONARKFleetNarabiUkemiBellit abstains so DeFi can act.
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Kessai

Named, not delivered. The piece would execute a swap and issue a receipt an agent can be audited on: what was intended, what was filled, and the shortfall between the two. The receipt measures the execution; it does not pick the route.

In one picture

Kessai: entry, mechanism and output.KessaiactupcomingENTRYAn intended swapthe order the agent means to placethe decision price, when it was decidedMECHANISMExecution, measuredexpected cost against its varianceimplementation shortfall as theyardstickOUTPUTAn execution receiptintended, filled, and the shortfallwith the gate's decision attachedDrawn in the style of its register status: upcoming.
Kessai executes on commit: what it reads, how it works, what it hands on. The boxes are drawn in the style of the register status; the words come from this page’s data and the contract titles from the frozen schemas.

What exists today

What it does not claim

Sources

  • Robert Almgren and Neil Chriss (2000) Optimal Execution of Portfolio Transactions. Journal of Risk, vol. 3, no. 2. read in part Used for the trade-off between the expected cost and the variance of an execution.
  • Andre F. Perold (1988) The Implementation Shortfall: Paper versus Reality. The Journal of Portfolio Management, vol. 14, no. 3, pp. 4-9. not yet obtained Used for the yardstick of an execution receipt, cited as a name only until obtained.

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