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Specter Protocol

Dark Pool Liquidity on Solana

Specter is a dark-pool-oriented routing layer built around $SPEC. The protocol models the Solana liquidity graph and applies a privacy-weighted cost functional to optimize every route through high-opacity venues.

What is $SPEC?

A hub token with 100M fixed supply. All pairs route through SPEC on Meteora DAMM v2 with a 3.5% transfer tax.

Why dark pools?

Large trades on public DEXs are easy to front-run. Specter routes through high-opacity venues (ξ > 0.7) to minimize leakage.

Proof, not promises

Every route gets a Privacy Score (0-10). View venue diversity, trade entropy, and opacity metrics in real-time.

Protocol

How Specter Works

Dark-pool routing with privacy-weighted cost optimization.

1

Liquidity Graph

  • •Solana liquidity modeled as directed multigraph G = (V, E)
  • •Edges annotated with depth D, spread s, latency λ, opacity ξ
  • •$SPEC pairs on Meteora DAMM v2 as hub vertices

Mathematical foundation.

2

Cost Functional

  • •C(π, Q) = Q · (1 + S + I) + L captures total execution cost
  • •Privacy benefit Ω(π) rewards venue diversity and dark-pool usage
  • •Minimize J(π; Q, θ) = C(π, Q) − θ · Ω(π)

Privacy-weighted optimization.

3

Fee Mechanics

  • •3.5% transfer fee: q_fee = 0.035 × q on all $SPEC movements
  • •0.25% swap fee: F_swap = 0.0025 × V_swap on routed trades
  • •100M fixed supply — fees reduce circulating supply

Deflationary tokenomics.

4

Privacy Score

  • •PS ∈ [0, 10] computed per wallet over 30-day rolling window
  • •PS = 3·log(N+1) + 2.5·V + 2·W + 2.5·T
  • •Factors: venue diversity, size variance, freshness, entropy

Quantified privacy.

θ = 0 → pure cost minimizer. θ → 1 → privacy maximizer.

Check Privacy Score↗