Renegade is a decentralized dark pool for spot liquidity.

As a "crossing network", Renegade matches complementary order flow at the middle of the Binance bid-ask spread, giving users midpoint pricing without routing through CEXes. Renegade has >$100M/day of order flow on our Base and Arbitrum deployments, and is coming soon to Ethereum L1.

Who Uses Renegade?

• Basis Traders — Your spot execution is probably your biggest cost. Renegade matches your spot orders against >$100M/day in counterflow from retail aggregators at Binance midpoint. Cover your shorts with zero market impact when a match exists, and keep your normal routing when it doesn't.
• Solvers — Over 50% of CowSwap solvers by volume already integrate Renegade. Including Renegade as an additional RFQ venue gives your solver access to deep midpoint liquidity that can improve settlement on any intent.
• Market Makers — Inventory management is difficult. Renegade lets you rebalance at midpoint against non-toxic retail flow, providing a middle level of aggression between passively resting in the order book and crossing the spread yourself.
• Vault Managers — Renegade is fully onchain, so you can tap into an additional source of counterflow while still maintaining onchain verifiability. For any market-neutral strategy that involves spot execution, Renegade can improve PnL.
• DEX Aggregators — Since Renegade is pegged to Binance midpoint, the liquidity is very competitive when it exists. Integration is lightweight and feels like a standard quote/assemble RFQ integration.

If you fit any of these and are not yet in touch, reach out and we can help get you set up.

Why Use Renegade?

• Binance midpoint peg — All swaps inside of Renegade are pegged to the middle of the bid-ask spread on Binance. When a counterparty exists inside of Renegade, you'll almost always get a better price than any other exchange.
• Non-toxic liquidity — Renegade has >$100M/day in retail flow, largely from leading DEX aggregator products.
• Fully onchain — No offchain entity holds custody of your funds; all swaps are directly settled against our smart contract.
• Opt-in privacy — For privacy-sensitive traders, Renegade optionally lets you wrap your swaps inside of a zero-knowledge proof, preventing counterparties from understanding your identity or strategy.
• Counterparty tiering — We can work with your fund to slice counterparties by toxicity, only matching you with counterparties with good markouts.
• Minimal fees — For most integrators, fees will be as low as 1-2 basis points. See our full fees table for more details.

If you're curious about the system architecture and how these properties are possible, check out the Concepts section.

Trade on Renegade

Jump to the Integration Quickstart for instructions to get set up, and contact the team for a streamlined onboarding and quick bug fixes:

• @chrisliambender on Telegram.
• hello@renegade.fi via email.