🚀 Seamless Onboarding, Non-Custodial by Default
Trading on 1st feels like Web2 — but it’s powered by bleeding-edge crypto. You don’t need to worry about wallets, seed phrases, or gas fees.Just sign up with Gmail, and you’re ready to trade.
Under the hood, you’re using:
- 🔐 MPC smart wallets (non-custodial, owned by you)
- 🧠 Smart contract accounts (fully programmable and upgradable)
- 🛠️ Gasless UX (we sponsor your gas fees)
- 💸 Fiat on-ramps and off-ramps built-in
✅ What you get:
- Sign up in seconds — with no crypto knowledge required
- Hold MirrorTokens in your own self-custodied wallet
- Trade instantly without switching chains or juggling gas
- Deposit USDC from a card, bank, or crypto wallet
- Redeem real tokens post-vesting — always in your control
We never touch your funds, can’t move your assets, and don’t issue wrapped IOUs. 1st is the UX you want, with the decentralization you need.
🔄 What Makes 1st Different
Most DeFi protocols rely on AMMs — which work for spot swaps, but break down in fragmented, low-float, asymmetric markets like token vesting. 1st uses a fully on-chain CLOB to power MirrorToken trading. That means:- 🧾 Transparent orderbooks — all bids and asks are visible, filterable, and queryable
- 🎯 Efficient price discovery — orders match at the best price, no slippage roulette
- ⚡ Deep liquidity at thinner depth — no need to rely on huge pools or toxic LP flow
- 🧠 Advanced strategy support — market makers, funds, and traders can operate natively
MirrorTokens aren’t farm tokens. They’re financial instruments — and they deserve a financial market.
📈 How It Works
- Issuers mint MirrorTokens backed by a Token Delivery Commitment
- MirrorTokens are listed on 1st’s CLOB with custom tickers (e.g.
$mToken) - Anyone can place limit or market orders — fully on-chain
- Traders match orders directly through the protocol UI or integrated tools
- Ownership updates instantly — and settlement happens post-delivery via the vault
→ Learn about the delivery and settlement process
🧠 Why We Chose a CLOB
Because real markets don’t run on curve math.They run on buyers, sellers, orderbooks, and execution.
| Feature | AMM | 1st CLOB |
|---|---|---|
| Price Discovery | Implicit, curve-based | ✅ Explicit, order-based |
| Liquidity Efficiency | Requires large pools | ✅ Thin books still work |
| Trade Strategy | Manual swaps | ✅ Precision trading |
| Slippage | Constant risk | ✅ Transparent spreads |
🛠️ Built for Traders
Whether you’re a fund, whale, sniper, or algo:- Limit + market orders supported
- Native on-chain matching
- Filter by ticker, unlock date, or project
- Pre-TGE exposure, fully tradable
- Composability with your own bots or UI (soon)
This isn’t swap-and-pray. This is a forward contract market with price, structure, and edge.
🧾 Example Trade Flow
Alice wants early exposure to $FOO’s token, vesting in Q4.- She finds
$MIRR_FOO_DEC24listed on 1st’s CLOB - She places a limit order to buy 10,000 MirrorTokens at $0.62
- A VC sells into her bid
- Alice now holds enforceable rights to 10,000 real $FOO tokens — claimable on-chain post-vesting
💰 Fees
- Protocol fees: None — 1st doesn’t extract protocol-level fees
- Trading fees: Maker/taker fees apply per market (see UI or docs)
- Settlement gas: Standard onchain vault claim cost
💬 Frequently Asked
Q: Can I market buy MirrorTokens?Yes. Market and limit orders are both supported on 1st’s CLOB. Q: What happens when the tokens unlock?
Your MirrorTokens entitle you to a proportional claim. Redeem them on-chain through the vault contract. Q: Can I cancel orders?
Yes — orders are cancellable as long as they haven’t been matched. Q: Do I need to trust 1st for execution?
No. Matching, fulfillment, and redemption are fully non-custodial and smart contract enforced.
TL;DR
1st isn’t a swapper.It’s the first real trading venue for locked token allocations — powered by a native onchain orderbook.
- Transparent
- Enforceable
- Liquid
- Serious
→ Explore the full protocol architecture →