Proposal: CC Liquidity Tracking Dashboard

$CC Liquidity Tracking Dashboard

Submitted to the Canton Foundation

Author: Matt Batsinelas, Founder of Glass Markets

Status: Submitted

Created: March 17, 2026

Prepared by Glass Markets: Institutional-Grade Crypto Liquidity Intelligence



Abstract

Glass Markets proposes the development and deployment of the $CC Liquidity Tracking Dashboard as a public good for the Canton ecosystem, funded by a grant from the Canton Foundation. This open, community-facing dashboard will serve as the definitive transparency tool for monitoring exchange-level liquidity, order book health, and market maker (MM) performance across all centralized exchanges (CEXs) where $CC is listed, freely accessible to the entire $CC holder community.

The crypto industry faces a persistent problem: foundations and token holders lack independent, verifiable insight into how their token trades on centralized exchanges. Reported volume figures are frequently inflated by trading competitions, wash trading, and other promotional campaigns that create temporary spikes with no lasting benefit to organic liquidity. Without Glass Markets infrastructure, token foundations and token holders typically rely on incomplete CoinGecko or CoinMarketCap snapshots, or the self-reported metrics of their own market makers, neither of which provides the full picture of what’s going on.

Technical Approach

The $CC Liquidity Tracking Dashboard addresses this gap directly. It will aggregate and present three distinct layers of market data, each providing progressively deeper insights into the true state of $CC liquidity:

1. Exchange-Level Data: Data pulled directly from the exchanges themselves. This layer surfaces near real-time and historical order book depth, bid-ask spreads, funding rates, open interest, and volume, free from any intermediary or market maker filter.

2. Market Maker Self-Reported Data: Performance metrics provided directly by the Canton Foundation’s contracted market makers, including top of book spreads, volume traded, and depth provided. Critically, integration of this data layer also requires the Foundation’s MMs to opt- in and formally agree to share their performance data with Glass Markets, the Canton Foundation, and the greater Canton token holder community.

3. Glass Markets Shield (Verified Data): Our proprietary audit layer geared for more liquid trading venues that independently verifies MM execution against their contractual obligations. Shield verifies actual on-exchange order book snapshots from MMs, flagging discrepancies between claimed performance and real execution. This eliminates the trust gap in MM reporting and gives the Foundation a forensic-grade compliance tool. The integration of this data layer also requires the Foundation’s MMs to opt-in and formally agree to share their performance data with Glass Markets, the Canton Foundation, the greater Canton investor community.

Together, these three tiers transform the Foundation’s ability to manage market structure, hold service providers accountable, and communicate transparently with the $CC holder community.

Milestones and Deliverables

The project is structured in three sequential milestones, each corresponding to a data tier and culminating in a fully operational, production-grade dashboard.

Milestone 1: Exchange-Level Data Integration (Weeks 1–4) Objective: Deploy a live dashboard displaying near real-time and historical, exchange-sourced liquidity metrics for $CC across all active CEX venues. • Integrate direct API feeds from key exchanges where $CC is listed on spot and perps (e.g., Binance, OKX, Bybit, Gate.io, and others as applicable). • Build order book depth visualization showing cumulative bid/ask liquidity at 0.5%, 1%, and 2% from mid-price. • Deploy volume tracking that provides more concrete visuals around anomalous spikes (e.g., trading competition days) to surface organic volume trends. • Launch hosted dashboard with public or permissioned access as directed by the Foundation. • Deliverable: Fully functional Tier 1 dashboard, comparable to the Glass Markets deployment currently live for 40+ token foundations.

Milestone 2: Market Maker Self-Reported Integration (Weeks 5–8) Objective: Layer in MM-provided performance data to create a unified view of contracted vs. observed liquidity. • Coordinate with the Canton Foundation to facilitate MM opt-in and data-sharing agreements. • Ingest MM self-reported metrics: bid-ask spreads, committed depth at specified price levels, and volume contributions. • Build side-by-side comparison views showing self-reported MM metrics alongside exchange-sourced data. • Deliverable: Tier 2 dashboard with full MM reporting

Milestone 3: Glass Markets Shield Verification (Weeks 9–12) Objective: Activate independent audit-grade verification of MM performance through the Glass Markets Shield layer. • Deploy Shield’s automated reconciliation engine that continuously tracks market maker performance via the secure sharing of read-only API keys to measure performance. • Generate discrepancy insights flagging variances between contracted and actual uptime, spread, and depth. • Deliverable: Tier 3 dashboard with full Shield verification, providing the Canton Foundation with forensic-grade oversight of its MM relationships.

Acceptance Criteria

Each milestone will be considered complete upon meeting the following criteria:

1. Public Dashboard Availability: The $CC dashboard is live and accessible at a dedicated URL (or embedded within Canton Foundation private infrastructure as directed), with 95% uptime SLA.
2. MM Integration (Tier 2+): At least one contracted MM has opted in and is actively sharing self-reported data, which is displayed alongside exchange data in the dashboard.
3. Shield Verification (Tier 3): At least one contracted MM has opted in and is actively sharing data via Glass Markets Shield, with monitoring visible in the dashboard.
4. Foundation Sign-Off: The Canton Foundation’s designated technical and operations lead has reviewed the dashboard, confirmed data accuracy, and formally approved the milestone deliverable.

Grant Request

Glass Markets is requesting an annual grant of $80,000 from the Canton Foundation to build and operate the $CC Liquidity Tracking Dashboard as a public good for the Canton ecosystem. This grant covers the full scope of the project: exchange-level data integration, market maker self-reported data ingestion, Glass Markets Shield verification for up to three contracted market makers, dashboard hosting, ongoing maintenance, and dedicated technical support for the Foundation and the $CC holder community.

As a public good, the dashboard and its underlying data will be freely accessible to the $CC holder community, providing the kind of independent market transparency that does not exist today for any major token. The Canton Foundation’s grant enables Glass Markets to dedicate the engineering, infrastructure, and ongoing analytical resources required to maintain this as a persistent, reliable community resource rather than a one-time deliverable.

The grant is structured as a single annual disbursement covering the 12-month operating period. This includes all three milestone deliverables outlined above, with no additional setup fees, per-milestone charges, or variable costs. The annual budget breaks down as follows:

Budget Category Annual Allocation: Exchange-level data integration and dashboard infrastructure - $25,000 Market maker data ingestion and reporting layer - $20,000 Glass Markets Shield verification (up to 3 MMs) - $35,000 Total Annual Grant - $80,000

The grant covers the complete scope of work: initial development across all three milestones, 12 months of production hosting and infrastructure, ongoing maintenance and data ingestion, and dedicated technical support for the Foundation. There are no additional fees, variable costs, or per-milestone charges. Upon completion of the initial 12-month grant period, Glass Markets and the Canton Foundation may negotiate a renewal grant to continue operating the dashboard as an ongoing public resource.

Glass Markets is committed to delivering this dashboard as open, community-facing infrastructure for the Canton ecosystem. The grant model reflects our belief that independent liquidity transparency should be funded as a public good, not sold as a proprietary service. By funding this initiative, the Canton Foundation invests directly in the trust and credibility of the $CC market structure for all holders.

Co-Marketing

Glass Markets and the Canton Foundation have a shared interest in positioning $CC as one of the most transparently managed tokens in the market. We propose the following co-marketing initiatives to amplify the impact of the dashboard:

• Public IR Dashboard for $CC Holders: A read-only, public-facing version of the dashboard (scope defined by the Foundation) that gives $CC holders direct visibility into their token’s exchange health. This would be a first-of-its-kind investor relations tool in the crypto space. • Joint Announcements and Case Studies: Co-authored blog posts, Twitter/X threads, and press releases announcing the partnership and highlighting key findings. Glass Markets will also feature the Canton Foundation as a case study in our marketing materials (with Foundation approval). • Conference and Event Presence: Where relevant, Glass Markets can present the $CC dashboard as a case study at industry events, positioning the Canton Foundation as a leader in on-chain and market transparency.

Motivation

The $CC token, like many tokens newly listed on centralized exchanges, faces a structural transparency challenge that directly impacts the Canton Foundation’s ability to manage its market presence and communicate confidently with its holder community, which is considerably large as a top 20 token on CoinGecko by market cap as of March 17, 2026.

The Investor Relations Imperative: In traditional finance, publicly listed companies are required to provide transparent, audited financial disclosures. Token foundations operate in a regulatory gray zone where no such requirement exists, but we believe the most credible projects should voluntarily adopt transparency practices to build institutional trust. The Canton Foundation has an opportunity to lead this movement for $CC over other institutional networks. A dedicated liquidity tracking dashboard sends a clear signal to current holders, prospective investors, and the broader market.

The MM Accountability Gap: Most token foundations contract with one or more market makers but lack independent tools to verify their performance. MMs provide periodic self-reported metrics, uptime, spread targets, and depth commitments, but the Foundation has no way to confirm these numbers against what is happening on the exchange order books. This information asymmetry is the norm in the industry, and it costs foundations real money. Glass Markets exists to close this gap. Our platform offers foundations a direct, verifiable line of sight into their MMs’ actual execution, transforming the MM relationship from a trust-based arrangement into a data-driven, auditable one.

Rationale

Glass Markets specializes in crypto liquidity analysis, market maker performance evaluation, and token market structure advisory.

Deep Domain Expertise: Our team has extensive experience analyzing market maker RFQ processes, conducting institutional-grade liquidity audits, and evaluating tokenomics structures across dozens of projects. We understand the mechanics of CEX liquidity, the incentive structures of market making agreements, and the data infrastructure required to monitor them at scale.

Proven Deployments: Glass Markets currently operates production dashboards for 40+ token foundations. These live deployments demonstrate our ability to integrate with exchange APIs, ingest MM data, and deliver reliable, real-time analytics that foundations use to manage and interpret their market structure.

Proprietary Shield Technology: Our Glass Markets Shield verification layer is a unique capability in the market. Shield gives the Canton Foundation a level of oversight that is typically not available through market makers directly or building out internal tooling.

Glass Markets is the right partner to build, deploy, and maintain the $CC Liquidity Tracking Dashboard because we have the expertise, technology, and alignment to deliver institutional-grade market transparency for the Canton Foundation and its community.