# Manifest > The Unlimited Orderbook Manifest is a decentralized trading protocol on Solana that operates an onchain orderbook exchange. It lets traders place limit orders with no protocol trading fees through a formally verified core and customizable wrapper layer. Manifest is a decentralized trading protocol built on Solana that provides an onchain orderbook exchange for spot trading. It is structured as a layered system, with a minimal core program handling order matching and a separate wrapper layer adding features such as order cancellation types and fill conditions. This separation lets the base matching engine remain formally verified while still supporting a range of trading features built on top of it. The protocol addresses the tradeoff between the flexibility automated market makers offer and the price precision of traditional order-driven markets by keeping order matching fully onchain and non-custodial. Market creation is permissionless and designed to have minimal setup cost, so new trading pairs can be listed without gatekeeping. A shared account structure lets a single deposit back resting orders across multiple markets rather than requiring capital to be locked separately. Manifest charges no protocol-level trading fees for makers or takers, distinguishing it from exchanges that build spread costs into every trade. Third-party interfaces and applications, including swap aggregators and standalone trading front ends, route order flow to Manifest's core program, and its published formal verification results and security audit are available publicly. It is used by traders seeking direct onchain execution and by developers building wrapper programs, market-making tools, or trading interfaces on top of the base protocol. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2024-08-01 - Profile: https://thegrid.id/profiles/Manifest ## Products - [Manifest Core](https://thegrid.id/profiles/Manifest): Manifest Core is a decentralized exchange operating as an on-chain central limit orderbook on Solana. It lets users create permissionless markets for any token, place limit and global orders with no trading fees, and trade directly from their own wallets without an intermediary. The protocol supports the Token-2022 standard and uses a core-and-wrapper program architecture that allows integrators to build custom trading interfaces on top of the shared orderbook. It has undergone independent security auditing and formal verification of its on-chain logic. (Decentralised Exchange, Live, Main Product) - [Destiny Vaults](https://thegrid.id/profiles/Manifest): Destiny Vaults is an automated market-making vault system built directly on top of the Manifest orderbook on Solana. It deploys liquidity into the central limit orderbook through a set of dedicated on-chain programs that manage quoting, rebalancing, and vault accounting, and issues receipt tokens representing a depositor's share of the vault. Liquidity providers deposit assets into a vault instead of managing individual limit orders, and receive a tradable token reflecting their position while the underlying programs handle order placement and inventory management on the orderbook. (Yield Aggregator, Live) ## Links - [Main](https://manifest.trade) - [Documentation](https://bonasa-tech.github.io/manifest) - [Whitepaper](https://www.manifest.trade/whitepaper.pdf) - [Privacy policy](https://manifest.trade/legal/privacy) - [Terms of Service](https://manifest.trade/legal/terms) - [GitHub](https://github.com/CKS-Systems/manifest) - [Twitter / X](https://x.com/ManifestTrade) - [Telegram](https://t.me/manifest_trade) - [YouTube](https://www.youtube.com/channel/UC6GJI9V1mfsJtDi8mKjfYNQ) - [LinkedIn](https://www.linkedin.com/company/manifesttrade) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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