Renegade
Renegade is the first on-chain dark pool with genuinely private order flow, using multi-party computation (MPC) to match buyers and sellers without revealing individual orders on-chain. The design solves a specific institutional pain point: high-frequency front-running of large trades on transparent DEXs.
The mainnet went live in Q3 2025 with $180M in early institutional flow across 24 supported assets. Three major crypto market makers are now permanent liquidity providers, and integration with Anchorage custody is in staged rollout.
The design assumes that institutional liquidity requires privacy at settlement, and that the on-chain venue that provides it wins durable flow. Early metrics support the thesis — repeat institutional volume is compounding month-over-month.
The first onchain dark pool with genuinely private order flow. We wrote the seed check on the thesis that institutional liquidity requires privacy at settlement.
Chris Bender
CEO & Co-FounderJoey Kraut
CTO & Co-FounderAndrew Kirillov
Head of EngineeringDylan Paiton
Head of Research- 2022Founded by Chris Bender and Joey Kraut
- Q1 2023Oryon leads seed
- Q1 2025Testnet with MPC matching
- Q3 2025Mainnet with $180M initial flow
Mainnet live with $180M in early institutional flow. Integrations with three major market makers.
“Renegade solves a real institutional problem the transparent DEX architecture created.”
— Delphi Digital, 2025