KARST
Conduitthe private execution path

The route you cannot see from the surface

A conduit is a route that exists underground. Standing on the surface you cannot tell which sink feeds which spring — that is not a claim about cryptography, it is the ordinary condition of a karst landscape, and it is why hydrologists have to prove connectivity with dye instead of assuming it.

S-01The mechanism, briefly

Intents, a solver, a batch

You sign what you want rather than a transaction that does it. Solvers compete to fill it, orders in the same window are matched against each other before anything reaches a pool, and what does reach one arrives as a batch. This is the standard machinery of the category and Karst claims nothing novel about it.

What Karst adds is the number printed next to it. A private route is still a route, and a route has a capacity.

S-02The measurement

Real quotes, no key, no proxy

tools/scan-pools.mjs asks Uniswap V3's on-chain quoter what it would actually pay, at eleven sizes, for every pool it can find between a verified token and a numeraire. The first hop of every two-hop route is chosen by measurement rather than by reported liquidity — in-range liquidity is not comparable across fee tiers, and ranking on it would hand every route a worse first hop than a router would use, which is the direction that flatters this page.

Nothing is asserted from memory: every candidate address is checked against the chain for symbol and decimals, and anything that does not answer is dropped with its reason recorded. A token is identified by its address; the symbol is a label.

$10$1k$10k$100k$1000k0.01%0.10%1%10%100%trade size, USDCslippage (log)one per centBRETTUSDTDEGENAEROcbBTCWETH
Slippage against size, log on both axes, for six routes; the horizontal line is one per cent. On these axes a power law is a straight line, and most of these are — median exponent 1.25 across 49 routes. The steep ones are the concentrated-liquidity pools leaving their range, up to 6.2. G5

The scan

Venue
Uniswap V3 on Base
Block
50,629,127
Candidates verified on chain
20
Dropped, no answer
0
Pools with live in-range liquidity
97
Pools that cannot hold $1,000 at 1%
60
Tokens that hold $10,000
11
Tokens that hold $100,000
2
Tokens that hold $1,000,000
2

One venue and one instant. Base's deepest market for several of these tokens is Aerodrome, which is not read. Nothing here says a token is illiquid — only what these pools, on this venue, would have paid at this block.

S-03Where the cost actually is
0.001%0.010%0.10%1%slippage, log scale● what the deep pool cost◆ what the whole route cost — one per cent, by constructioncbBTC · 0.05%15×cbBTC · 0.3%15×wstETH · 0.01%292×cbBTC · 1%555×rETH · 0.05%588×AERO · 0.3%595×VIRTUAL · 0.05%641×wstETH · 0.05%1,417×cbETH · 0.05%1,488×USDT · 0.3%1,593×MORPHO · 0.3%1,962×the thin hop, ×
Every two-hop route here passes through the same WETH/USDC pool — the deepest on the chain, 0.3% fee tier, absorbing at least $1,000,000 inside one per cent on its own. Each route is read at its own limit — the first scanned size where its slippage passes one per cent — and the two markers are what that cost is made of. Median share at the deep pool across 28 routes: 0.013%; worst, 6.66%. G5

A minimum, measured

This is the site's claim in its plainest form. The deep pool is not doing you a favour, because it was never the constraint. Half the marketing in this category is about aggregating depth; aggregation moves the hop that already cost nothing.

Note what makes the figure conservative: slippage here is measured against the price of a ten-dollar trade through the same route, so the fee cancels out and what is left is depth. Including fees would make every bar longer. An approximation on a page arguing that pools are thinner than reported should err toward the pools.

S-04Check it now

The same call, from your machine

This runs eth_call against base-rpc.publicnode.com from your browser — no key, no backend, no proxy — and asks Uniswap V3's quoter what it would pay right now. The block will be newer than the one this page was built at.

block
route
you receive
slippage vs a $10 trade
size that holds within 1%
at build time it was

S-05The lab

Move the water and watch the ceiling not move

A small network, the same routing code the rest of the site uses. Widen everything outside the cut as far as you like. The total climbs; the ceiling does not. Then widen one fracture in the cut and watch what a minimum does when you finally touch it.

total width
·
max flow
·
cut
·
cut as a share of total
·

Click a passage to widen it by hand.