Conveyor Finance

Market structure

2 essays on on-chain trading · newest first

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Market structureSep 3, 2026 · 8 min

CLOB, AMM, and intent: three machines for one trade

A CLOB sequences orders. An AMM prices a curve. An intent lets a solver find a path. Operators need all three vocabularies.

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Market structureAug 27, 2026 · 6 min

Idle margin is a market-structure problem

Execution venues optimized speed and leverage. They did not optimize what margin does between open and close. That gap is structure, not a product screenshot.

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