Liquid value,
on chain.
Chrom° is the metal-backed liquidity layer for the open web. Continuous pricing. Sovereign settlement. A reserve you can audit at second-level resolution, in any of 24 currencies.
Three properties of a liquid reserve.
Most stable assets are pegs maintained by trust. Chrom° is built around something simpler: collateral you can look at, settlement you can verify, and a price that moves continuously — to the millimetre.
Continuous pricing
The Chrom° oracle quotes a new bid-ask spread every 240 ms — sourced from 14 venues and one cold reserve. There is no "1.00" line. There is the spread, and there is the proof that produced it.
Sovereign settle
Settlement is final at L1 in 0.42 s median, with deterministic finality at 1.4 s. We do not borrow finality from an L2 that borrows finality from a wallet that borrows finality from a Twitter thread.
Reserve, visible
Each Chrom° unit is backed 1:1 by a basket of refined platinum-group metals, held in 4 audited vaults across 3 jurisdictions. The address of each vault is on chain. Cameras are on chain. The custodian's name is on chain.
Mercury — a better mirror for liquidity.
The 0.4 release rewrites the AMM in a single function. Liquidity providers earn the spread, traders pay the spread, and everything that is not the spread is — by design — somebody else's problem.
Routing across 14 venues is now solved in closed form. Settlement is non-custodial, MEV-resistant, and deterministic across reorgs of up to 6 blocks. The math is in §3 of the paper. The code is in /core/mercury.
As of this morning.
The slow part of finance shouldn't be finance.
Chrom° is in open beta. Custody is permissioned for now. Read the paper, run the testnet, and tell us where we're still wrong.
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