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Nightshade Finance Docs

Alephium's first order book DEX

Nightshade is a decentralized exchange built around an on-chain order book. Place limit orders, swap instantly, and provide concentrated automatic liquidity that buys low and sells high on autopilot.

Get startedOpen Nightshade

Welcome to Nightshade Finance, a next‑generation decentralized exchange (DEX) built on Alephium.

Unlike most DEXs, Nightshade is built around an on‑chain order book rather than a constant‑product AMM. A matching engine pairs buyers and sellers directly, so you get transparent price discovery, real limit orders and — through our Automatic Liquidity system — concentrated liquidity that works for you around the clock.

Whether you want to swap in a couple of clicks, set a precise price with a limit order, or provide liquidity that buys low and sells high automatically, Nightshade has you covered.

New here? Read how the order book works, then head to the Swap Page to place your first order.

How the order book worksBids, asks, price points and the matching engine, explained.Swap & limit ordersSwap instantly at market, or set your price with a limit order.Automatic LiquidityConcentrated, flipping liquidity that profits from volatility.The SHADE tokenTokenomics, allocation and how fees flow back to holders.
Nightshade Docs

© Nightshade Finance. Built on Alephium.