Hello MULTI/DEX 🔥 Should DFINITY release the most powerful DeFi application the world has ever seen?
What's cool about it? Here are some factoids, the craziest at the end:
1. It runs on an ICP cloud engine (soon everyone can have one) and is 100% network resident and tamperproof.
2. It is genuinely multi-chain, with no bridging hassles for users (users can deposit straight into their accounts, and withdraw directly, from the native chains of tokens).
3. It is order book based, but also provides a traditional swap interface, which swaps arbitrary assets by routing across the underlying markets.
4. It supports both spot trading, and margin trading that lets traders go long and short with leverage.
5. It has an AMM (Automated Market Maker) that uses Internet Computer outcalls to determine outside prices, then delayed matching against AMM limit orders to prevent arbitrageurs draining liquidity, as can occur with traditional DEXs providing swaps.
6. The AMM maintains a unified liquidity vault, and doesn't need two liquidity pools for every trading pair, providing outstanding capital efficiency and liquidity compared with traditional DeFi systems.
7. Users can earn by depositing into the AMM Vault, and into an insurance pool that protects the vault from margin calls that fail to recover all capital (the insurance pool gets 5% of all liquidations).
8. MULTI/DEX runs on the decentralized Internet Computer network, and is 100% open source — unlike HyperLedger, say, which remains closed source, and has an single-purpose architecture closer to federated CEX hosted on a symmetric cluster of federated servers.
9. If we go ahead, we would propose that MULTI/DEX runs as part of the Internet Computer, in the sense it is controlled and updated by the NNS (The Internet Computer's Network Nervous System, the world's largest and most sophisticated DAO, which directly orchestrates and updates the network) providing unparalleled levels of autonomy, transparency, and security.
10.... and this is the BIG ONE... its backend is built using the latest Motoko language framework (soon to be released) that puts AI *inside* of its software. That means, in another seminal inventive step from DFINITY and Caffeine Labs technology teams, that AI can see, browse and query the realtime data inside the app/dapp's persistent memory and can create and execute ad hoc queries and update logic on-the-fly (subject to permissions). So, while for much of the time traders will be using the traditional UX shown in the pic, increasingly, they will be interacting with the exchange through AI chats that have the "Internet Computer Connector" MCP installed (soon to be released). On the one hand, traders will be able to use chat to ask for simple things, like current spot pricing and market depth, and the likely slippage on a spot market order, and for orders to be submitted, but on the other, for much more demanding things that require the AI to execute ad hoc functionality, such as "Look at my positions and margin pools, and rebalance them to give me more blended market exposure, while also adjusting for risks indicated by social media coverage of forthcoming market events, but wait for my approval of your plan before proceeding."
This is a lot to take in, so I'm aiming to get a new demo video out ASAP that will demonstrate what's possible with this AIware, which will include MULTI/DEX — should be about a week!!
Btw. for those wondering what might be the big picture beyond what I just described with MULTI/DEX: At DFINITY, we are in the process of transforming ourselves into an "agentic organization," where all our existing apps/SaaS is replaced by custom on-demand apps/SaaS running on cloud engines that are created and updated by AI. Of course, these on-demand apps/SaaS are being built using the new technology described that automatically puts AI inside and provides users with fluid functionality via chat. The totality of the apps/SaaS represents an enterprise "World Model," which incorporates as much of the enterprise's data as possible, enabling AI to perform incredibly powerful analyses and actions — when you see this is in action, you can't unsee what you saw, because it's clearly a huge leap beyond the status quo of today's tech, which is exactly what the Internet Computer project is about. This wraps up our new technology stack, created by leaning on unique aspects of "The Network is The Cloud" paradigm, and years of work, and what, together with cloud engines, will finally enable the Internet Computer to strike out into the massive mainstream cloud technology market.
$KTA
If Ty can learn not to do stupid shit, keeta might actually do well.
I genuinely think the ASK partner is really solid, I have 0 issues with the engineering team. It really just comes down to Ty's behavior. He keeps repeating mistakes, he has got to fix. Or game over.
This seems to be a longer-running partnership than initially thought. It was preceded by an MoU from January
Makes me wonder if we have seen the full extent of this partnership?
Nevertheless hundreds of billions in precious metals and tokenized oil? This makes Keeta the largest RWA project on any blockchain
“This Agreement supersedes prior non-binding understandings, including the Memorandum of Understanding dated 23 Jan 2026”
$KTA
(1/9) Keeta and ASK Group @askgroupae, a UAE-based investment group led by His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, have created a joint venture aiming to tokenize tens of billions of dollars of commodities and modernize cross-border payments in the Gulf Cooperation Council (GCC) region and beyond, contributing to the UAE's vision and commitment to growth as a global leader in digital finance and real-world asset infrastructure.
$UND is starting to show what it is actually building.
The Underly bridge route is already live in product testing:
Ethereum Sepolia → Underly Product Test Testnet
That may sound small, but it is the part that matters.
Underly is not just another Base token trying to force a narrative. It is building the deployment and operations layer for teams that want their own chain without managing the full rollup stack themselves.
A team should not need to handle bridge setup, RPC, explorer, logs, infra, configs, and chain operations from zero just to launch an appchain.
That is what $UND is moving toward.
The token is live, and the direction is clear: $UND becomes the asset tied to access, usage, deployments, ecosystem incentives, and the infrastructure layer powering chains launched through Underly.
The product layer is starting to surface.
https://t.co/pet68eCsrF
Veilnet x402 payments are live — and a major part of this release is our @PayAINetwork integration.
This brings Veilnet into the agentic payment stack: agents can now pay for encrypted inference using USDC on Base through x402-compatible flows.
The idea is simple:
agents should be able to access AI services, pay for them programmatically, and settle without needing accounts, dashboards, or manual payment flows.
With @PayAINetwork + x402 + Veilnet, the flow becomes:
agent requests inference
→ x402 payment is triggered
→ USDC on Base settles the request
→ Veilnet routes the AI call through encrypted inference
→ response returns to the agent
→ no traditional account required
For users:
Get USDC on Base
Install Veilnet MCP:
npm i -g @veilnet/[email protected]
Ask Claude:
“Use VeilNet to call X”
The agent handles the rest.
For x402 / PAYAI devs:
Use any x402-compatible client:
@x402/fetch
Coinbase Agent Kit
PAYAI-compatible flows
or any agent payment stack
Pay 0.01 USDC per /ai/chat call.
No account.
No subscription flow.
Encrypted inference.
USDC settlement.
Agent-native access.
This is where the stack starts to come together:
x402 gives agents the payment standard.
PAYAI gives agentic payments a usable rail.
Veilnet adds encrypted inference and private settlement logic.
Agentic commerce needs more than agents with wallets. It needs agents that can pay, consume service privately.
$VEILNET facilitates that.