NightshadeDocs

Nightshade docs

An order book exchange on Midnight, public or private.

Trade on the Public Book, on the Private Book where nobody sees who you are, or in the Dark Pool where nobody sees what you trade. Every trade is proved on your own device and settled by Midnight.

Start tradingOpen Nightshade
0.2%taker fee
0%maker fee
3ways to trade: public, private, dark
4auto-flip steps, 0.5% to 5%

Nightshade is an order book exchange on Midnight, the privacy chain built alongside Cardano. You can trade on it three ways, depending on what you want to keep to yourself.

Who you areWhat and how much
Public BookVisibleVisible
Private BookHiddenVisible
Dark PoolHiddenHidden

All three run on Midnight. Your wallet proves every trade on your own device, and Midnight settles it. There is no Nightshade server holding your tokens, and the site reads every figure straight from the chain. Three ways to trade compares them in full.

Private trading (the Shield, the Private Book and the Dark Pool) is still being finished, and opens on mainnet after its audit. Looking for the earlier exchange? Its docs are at Nightshade on Alephium.

What you can do

  • Trade with swaps, limit orders and stop orders. When a market is busy, swaps wait in a queue and fill together in a batch at one price.
  • Go private. Shield a token into its private twin (NIGHT becomes sNIGHT), then trade it on the Private Book, in the Dark Pool, or wallet to wallet.
  • Earn from auto-flip liquidity, which sells high and buys back lower on every swing, and from the daily SHADE rewards.
  • Get SHADE, Nightshade's token. The SHADE sale takes NIGHT on Cardano, so you don't need to bridge first.
  • Launch a token that trades from its first block, or open a market for one you already hold.

Where to start

New to Midnight? The Quickstart goes from no wallet to your first trade. Two things work differently from other chains:

  • Fees are paid in DUST, which your NIGHT makes for you. NIGHT on Cardano can make it too. See DUST.
  • Your wallet proves each transaction, which takes one to four minutes in the browser, or seconds with a proof server. How Nightshade works explains why, and what it means when a trade is refused.
Three ways to tradeThe Public Book, the Private Book and the Dark Pool, and what each one hides.Passkey wallet and DUSTOne Face ID wallet with a Midnight and a Cardano account, and the DUST that pays every fee.Private tokensShield a token into its private twin, like sNIGHT, and back again at any time.Auto-flip liquidityJoin a price range and earn the step on every swing through it.SHADENightshade's token: daily rewards and the sale paid in Cardano NIGHT.Launch a tokenCreate a coin that trades from its first block, or list one you have.