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Documentation Index

Fetch the complete documentation index at: https://docs.inkwell.finance/llms.txt

Use this file to discover all available pages before exploring further.

CONFIDENTIAL & PROPRIETARY © 2026 Inkwell Finance, Inc. All Rights Reserved. This document is for informational purposes only and does not constitute legal, tax, or investment advice, nor an offer to sell or a solicitation to buy any security or other financial instrument. Any examples, structures, or flows described here are design intent only and may change.
Concrete venue comparisons. Same trade, same moment, different execution surfaces — with each surface’s defaults around leakage, front-running, counterparty visibility, and compelled process.

A block trade, three ways

$7M sold across a lit CEX, an OTC desk, and a confidential matching venue. Slippage, leakage, and what a court can compel afterward.

Under compelled process

What each venue type surrenders under a production order, and why two-party composition changes the equation.

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The frame

Any venue can be evaluated on three axes independent of asset class:
  • Execution cost — how does price move as the trade fills?
  • Information leakage — who sees what before, during, and after execution?
  • Compelled process — when a court or regulator arrives with a production order, what gets produced?
Most venues optimize one axis at the other two’s expense. Dagon’s design tries to move the frontier: batch-midpoint execution with ciphertext-only exposure during matching, preserving auditability via selective disclosure rather than surrendering it upstream. The two pages in this section walk a single trade through each venue type with concrete rows.