Orderbook & Request-for-Quote (RFQ)
Arbitrum One vs. Arbitrum Nova
The Orderbook architecture is unique in that two separate chains are utilized. The primary chain is Arbitrum One. Just like the v3 protocol, it's the primary chain where all orders are filled, cancelled, and positions settled/exercised. This functionality can be accessed using the IPool
interface, which resides on Arbitrum One, or via the Premia Blue app. Users of the Orderbook must have a valid address on Arbitrum One. All collateral and approvals to transfer collateral must be on Arbitrum One.
Providing quotes for the order book are done through Arbitrum Nova. Quotes are nothing more than emitted events of order details that are signed by the maker of a transaction that will ultimately process on Arbitrum One. There are two primary ways to emit quotes to the order book:
Directly through the
IOrderbookStream
interface usingadd
. This contract resides on Arbitrum Nova and requires a maker to have an account with an ETH balance to pay for gas fees.Using the Premia Orderbook API, Premia will publish the quote on Arbitrum Nova on the maker's behalf. This is a rate-limited / tiered feature.
The order book can be accessed directly via the Premia Blue app, API, or the SDK.
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