The Cilistia Protocol is an open-source, decentralized platform for trading digital assets. It is built on a multi-chain architecture and will support Ethereum, Avalanche and Arbitrum networks at launch. The protocol utilizes smart contracts to facilitate trades between users. The core component of the protocol is the market, which serves as a virtual marketplace for the exchange of various digital assets.

Market Pair

A market on the Cilistia Protocol is composed of a base token and a quote token. The base token represents the asset that is being traded, while the quote token is used as the reference currency for pricing. For example, in an ETH/USDT market, ETH would be the base token, and USDT would be the quote token.

Market Creation

Creating a market on the Cilistia Protocol is a permissionless process, meaning anyone can create a market without needing prior approval. The only cost associated with creating a market is the transaction fee required to execute the smart contract. Once a market is created, the market creator is the only one who can update its properties.


Liquidity is a crucial aspect of any market, as it determines the ease and speed of executing trades. On the Cilistia Protocol, liquidity is represented by the amount of base tokens supplied to a market. When a market has sufficient liquidity, users can buy or sell any quantity of the base token at a price determined by the liquidity providers. Individuals who add liquidity to a market are known as liquidity providers.

Types of Markets

The Cilistia Protocol supports two types of markets: open markets and permissioned markets. Open markets allow anyone to trade, with no restrictions or limits. Permissioned markets, on the other hand, are designed for more private or exclusive trading scenarios. They restrict certain features to users who have been added to a whitelist, making them ideal for replacing private, peer-to-peer marketplaces.