what's Canonic?

Canonic is the world's first Midpoint Anchored Order Book (MAOB), a decentralized exchange on MegaETH that enables on-chain limit order trading anchored to discrete basis-point price rungs around an oracle-provided midprice. This novel architecture supports FIFO matching, zero maker fees, and passive liquidity provision through Concentrated Liquidity Provider (CLP) vaults for automated market making, delivering tight spreads, capital efficiency, and gas-optimized execution without the drawbacks of traditional AMMs or CLOBs. Traders benefit from zero-slippage orders at predefined levels relative to the midprice, advanced charting tools, self-custody, and sub-20ms settlement times with MEV protection. Liquidity providers deploy capital into CLP vaults to earn across the order book. Audited by FailSafe and tracked on DeFiLlama as a DEX, Canonic prioritizes performance, security, and global accessibility in high-throughput DeFi.