# Introduction ## $60 +Trillion Dollar Market The cumulative trading volume of perpetual contracts since 2020 has surpassed $60 trillion, which is much higher than the trading volume of the underlying cryptocurrencies and conventional futures contracts [Read More](https://business.cornell.edu/hub/2024/02/20/the-emerging-market-cryptocurrencies-perpetual-contracts/). \ **For A primer on how perpetual contracts work and what is option trading please look into** [**this**](https://stealthtradedao.gitbook.io/stealthtradedao/concepts/editor) ### The Problems #### **Open Order Books: Challenges in Perpetual Markets** Perpetual markets with open order books provide transparency, but they also come with significant challenges: * **Front Running**: Traders can exploit the visibility of pending orders, executing trades before others, taking advantage of transaction ordering. * **Copy Trading Exploitation**: Similarly, the visibility of trades allows competitors to duplicate strategies and profit unfairly. * **Lack of Privacy**: Open order books expose traders’ strategies and positions, allowing market analysis to be exploited by competitors. * **Market Manipulation**: Open order books can be gamed by actors who use this transparency to manipulate markets and liquidity. #### **Private Order Books: A Double-Edged Sword** Private order books come with their own set of problems: * **Trust Deficit**: Users cannot verify the platform’s financial solvency, leading to doubts about whether enough assets back the open positions. * **Hidden Liquidity**: With no visibility into the market depth, traders face uncertainty about whether their orders will be executed, or at what price. * **Manipulation Risk**: The platform or privileged users can manipulate the market without detection, undermining the integrity of the system. * **User Trust**: Lack of transparency can cause users to question the platform’s stability, especially during volatile periods, driving away both new and existing users.

Stealth Dao Comes to save the Day!

## How we solve the Problem We address these issues by adopting a **private order book system** enhanced with **access proofs** and **proof of solvency** to foster user trust. While part of the market data remains public to prevent a “gambling-like” environment, the core of the system ensures that transparency and trust are maintained in a decentralized manner. Our approach is powered by a **Chain Abstracted DAO**, enabling users to propose and vote on changes to the perpetual contracts and platform structure. This cross-chain voting architecture ensures that all stakeholders have a say in the platform's evolution, adding further trust and transparency to the ecosystem. * [Proof of Ownership](https://stealthtradedao.gitbook.io/stealthtradedao/concepts/markdown) * [Proof of Solvency](https://stealthtradedao.gitbook.io/stealthtradedao/concepts/images-and-media) {% hint style="info" %} Want to learn about writing content from scratch? Head to the [Basics](https://github.com/GitbookIO/onboarding-template/blob/main/getting-started/broken-reference/README.md) section to learn more. {% endhint %} ## Partners In the partners section we go over how we bring value to the partners and how they are crucial for our Application.