Return the value to the people who create it.
Onchain markets have a quiet problem: value is taken in the gap between an order and its fill. No standard to measure it. No way to get it back.
Birdai measures where it goes, who takes it, and how much, and is built to return it. One variable, β, prices the leak.
There's no standard for how trades execute. So we're building one.
The fastest blockchains are converging on multi-proposer architectures, fragmenting control over ordering and making execution quality the next frontier. As stablecoins and real-world assets move onchain, institutions need a market structure they can trust. Birdai exists to make execution visible, verifiable, and recoverable.
Execution measurement
Quantify the gap between order and fill on every trade. Slippage, ordering effects, and value lost: decomposed and attributed, not estimated.
A verifiable standard
A transparent, reproducible way to score execution quality. Independently checkable, so the numbers hold up to counterparties, auditors, and regulators.
Better execution
Built to turn measurement into recovery: route around the leaks, benchmark venues, and return value to the traders who created it.
Anatomy of a fill.
An order leaves the wallet.
The intent is clear: a price you expect, a fill you deserve. Everything that happens next decides who keeps the difference.
It reaches the base of the chain.
Public record shows the outcome; the base layer holds the story. Birdai operates where the truth lives, decoding millions of transactions as they move.
Ordering is decided.
Sequencing determines who trades first, who gets sandwiched, and whose price moves. As multi-proposer architectures arrive, control over ordering fragments.
Value leaks in the gap.
Between the price you expected and the fill you got, value is taken: fee, extraction, impact. Hidden, unaccountable, and priced into every trade.
β prices the leak.
Every fill decomposed and attributed, verifiable against the chain itself. Measurement is live today. Returning the value is what Birdai is built for.
You already know execution isn't fair. We make it measurable.
Traders
Know what your order actually cost: the gap between the price you expected and the price you got, measured and explained. So you can demand better.
Market Makers
Measure execution quality against real activity. See where your fills leak value, which venues carry toxic flow, and how you compare, with numbers you can act on.
Protocols & DEXs
Which pools leak the most value, and to whom? Per-venue execution exposure, quantified, so you can fix the design, not just suspect the problem.
Validators
A healthier market for the block producers who secure it. Transparent ordering metrics that reward fair sequencing over extraction.
Built by operators from Franklin Templeton and Citadel.
Kevin Farrelly
Founded Random Forest Capital, acquired by Franklin Templeton in 2018. Spent seven years building FT's blockchain venture programs.
Greg Scanlon
Former Senior Quantitative Trader at Citadel. Joined Kevin at Franklin Templeton to build its early-stage blockchain venture programs, then built Birdai's core technology.
James McClain
Top-tier quantitative hedge fund veteran with a PhD from Princeton. Anchors the company's quantitative research alongside Greg.