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Percolator

@PercolatorTrade • 7,161 subscribers

Permissionless perp futures on Solana, for any token with a DEX pool. Built on @toly's open-source engine

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All bugs found on Devnet V2 so far have been fixed, we even shipped the first community suggestion; Live pnl cards which you can save or share on X featuring the Percolator Trade Mascot who is an altered version of toly 🇺🇸's pfp at the time when he started building Percolator. ways to increase marketing and visibility with little to no cost are always great suggestions. Join the waitlist, drop your product or feature suggestions in the discord.

All bugs found on Devnet V2 so far have been fixed, we even shipped the first community suggestion; Live pnl cards which you can save or share on X featuring the Percolator Trade Mascot who is an altered version of toly 🇺🇸's pfp at the time when he started building Percolator. ways to increase marketing and visibility with little to no cost are always great suggestions. Join the waitlist, drop your product or feature suggestions in the discord.

12,350 views

Percolator's risk engine is formally verified with Kani, the same class of method NASA uses on flight software. toly 🇺🇸 built and verified it. Percolator helped. Here's what that means, and why "verified" alone is a weak flex 🧵

Percolator's risk engine is formally verified with Kani, the same class of method NASA uses on flight software. toly 🇺🇸 built and verified it. Percolator helped. Here's what that means, and why "verified" alone is a weak flex 🧵

39,132 views

Our community hasn't just been stress testing Devnet -> they've been finding bugs, flagging edge cases, and making real contributions to the Percolator risk engine. That feedback loop is why we ship better. And while all of this is happening -> we've been quietly testing Mainnet flows. Toly built the Percolator risk engine. We're building the infrastructure on Solana that brings it to life. First look at the Mainnet trade UI 👇

Our community hasn't just been stress testing Devnet -> they've been finding bugs, flagging edge cases, and making real contributions to the Percolator risk engine. That feedback loop is why we ship better. And while all of this is happening -> we've been quietly testing Mainnet flows. Toly built the Percolator risk engine. We're building the infrastructure on Solana that brings it to life. First look at the Mainnet trade UI 👇

43,519 views

On your open perpetual position can become an NFT and live in your wallet. You open a position like normal than mint it. The program issues a token 2022 nft, that points to your exact position. Normally your open position lives inside the protocol. With Percolator Trade your able to wrap it into an NFT that sits in your own wallet. A real, ownable object instead of a line in a dashboard. Because it’s a token, it moves like one. Send the NFT to another wallet and the position goes with it. Whoever holds the NFT owns the trade. One NFT = one position If you burn it, your back to holding the position directly. That’s the composable part, a position use to be stuck inside one account. Because it’s a token, it can now be sold OTC or used by anything that speaks tokens. Why does it matter? Because the position is bound to the NFT, it can’t be drained out from under whoever holds it so there is no middleman that holds your position. The NFT does, and the NFT is yours. One important safety detail; transfers run through a token 2022 hook that checks the positions health first, so it can’t be handed off in a broken state & the NFT layer is a separate program so it can never touch the funds the core engine holds.

On your open perpetual position can become an NFT and live in your wallet. You open a position like normal than mint it. The program issues a token 2022 nft, that points to your exact position. Normally your open position lives inside the protocol. With Percolator Trade your able to wrap it into an NFT that sits in your own wallet. A real, ownable object instead of a line in a dashboard. Because it’s a token, it moves like one. Send the NFT to another wallet and the position goes with it. Whoever holds the NFT owns the trade. One NFT = one position If you burn it, your back to holding the position directly. That’s the composable part, a position use to be stuck inside one account. Because it’s a token, it can now be sold OTC or used by anything that speaks tokens. Why does it matter? Because the position is bound to the NFT, it can’t be drained out from under whoever holds it so there is no middleman that holds your position. The NFT does, and the NFT is yours. One important safety detail; transfers run through a token 2022 hook that checks the positions health first, so it can’t be handed off in a broken state & the NFT layer is a separate program so it can never touch the funds the core engine holds.

12,359 views

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One bad candle? Here's what Percolator's liquidation code actually does next. Equity is your collateral plus PnL, marked at the engine's price, which follows the oracle in capped steps. Profit only counts as far as the engine can prove it's backed. The maintenance requirement is a margin rate on the position's notional. If the oracle has already moved further against you than the engine price has, that gap is added on top. Once equity is strictly below the requirement, the account can be liquidated. Anyone can do it. Liquidation runs inside a permissionless crank: no keeper whitelist, and the caller doesn't need an account or collateral on Percolator. The caller doesn't choose the size either. The engine settles losses against collateral, then binary searches for the smallest close it projects will put the account back above maintenance, after the liquidation fee. If no partial close gets there, or the account is already underwater, that position closes in full. The video shows the partial case. Every liquidation has to leave the account measurably less risky. If it doesn't, the whole instruction reverts. There's no ADL queue. The closed size isn't dumped into a book. Open interest on the other side shrinks to match, and every position on that side is cut by the same ratio. Nobody gets singled out. If losses run past the account's collateral, that market's insurance budget covers what it can. Anything left is shared pro rata across the other side of the same market, by position size.

One bad candle? Here's what Percolator's liquidation code actually does next. Equity is your collateral plus PnL, marked at the engine's price, which follows the oracle in capped steps. Profit only counts as far as the engine can prove it's backed. The maintenance requirement is a margin rate on the position's notional. If the oracle has already moved further against you than the engine price has, that gap is added on top. Once equity is strictly below the requirement, the account can be liquidated. Anyone can do it. Liquidation runs inside a permissionless crank: no keeper whitelist, and the caller doesn't need an account or collateral on Percolator. The caller doesn't choose the size either. The engine settles losses against collateral, then binary searches for the smallest close it projects will put the account back above maintenance, after the liquidation fee. If no partial close gets there, or the account is already underwater, that position closes in full. The video shows the partial case. Every liquidation has to leave the account measurably less risky. If it doesn't, the whole instruction reverts. There's no ADL queue. The closed size isn't dumped into a book. Open interest on the other side shrinks to match, and every position on that side is cut by the same ratio. Nobody gets singled out. If losses run past the account's collateral, that market's insurance budget covers what it can. Anything left is shared pro rata across the other side of the same market, by position size.

20,260 views • 1 day ago

🧵🪡 1/8: Percolator is live on Devnet Toly's vision: for perps. Launch perpetual futures markets for any solana token in 60 seconds Everything's open source, testable right now

🧵🪡 1/8: Percolator is live on Devnet Toly's vision: for perps. Launch perpetual futures markets for any solana token in 60 seconds Everything's open source, testable right now

215,972 views • 8 months ago

Percolator Trade V2 is now live to the first 1,000 people who joined the waitlist and will release to the remaining people on the waitlist over the next 72 hours, please use our discord or GitHub to report any bugs, product suggestions and ideas are welcome in the appropriate category on discord. You can also report any bugs via git.

Percolator Trade V2 is now live to the first 1,000 people who joined the waitlist and will release to the remaining people on the waitlist over the next 72 hours, please use our discord or GitHub to report any bugs, product suggestions and ideas are welcome in the appropriate category on discord. You can also report any bugs via git.

19,778 views • 1 month ago

We've completely overhauled the trading experience with real-time infrastructure and professional-grade tooling: • Shipped Helius webhook integration — trades index the moment they hit chain • Built StatsCollector service — live market data updates every 30 seconds across 51 markets • Added professional candlestick charts with full timeframe support (1m/5m/15m/1h/4h/1d) • Implemented global USD/token toggle across the entire platform • Crushed 14 bugs including critical security exploits, mobile UI overhaul, and loading state fixes • Upgraded database pipeline with fully automated market stats and oracle price tracking • & so much more! 37 commits, 10 PRs merged, +4.3k lines of new code this sprint alone You can view every update on Percolator through GitHub, everything is completely open-sourced: Try it live: Tutorial: Create mint ->Launch market ->Open account -> Deposit -> Set Trade -> Active trade -> Close trade

We've completely overhauled the trading experience with real-time infrastructure and professional-grade tooling: • Shipped Helius webhook integration — trades index the moment they hit chain • Built StatsCollector service — live market data updates every 30 seconds across 51 markets • Added professional candlestick charts with full timeframe support (1m/5m/15m/1h/4h/1d) • Implemented global USD/token toggle across the entire platform • Crushed 14 bugs including critical security exploits, mobile UI overhaul, and loading state fixes • Upgraded database pipeline with fully automated market stats and oracle price tracking • & so much more! 37 commits, 10 PRs merged, +4.3k lines of new code this sprint alone You can view every update on Percolator through GitHub, everything is completely open-sourced: Try it live: Tutorial: Create mint ->Launch market ->Open account -> Deposit -> Set Trade -> Active trade -> Close trade

35,763 views • 8 months ago

Percolator has officially entered the Pumpfun Hackathon ☕️

Percolator has officially entered the Pumpfun Hackathon ☕️

29,830 views • 8 months ago

This is your final preview before the Percolator test-net V1 is initated ☕️

This is your final preview before the Percolator test-net V1 is initated ☕️

20,783 views • 8 months ago

Our co founders and beta testers are currently trading solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump on Percolator Trade Devnet V2 We spun up the market in under 40 seconds and have been actively testing it ever since. Now I’m curious… If you were trading solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump , would you be long or short the black bull? 🐂🀄️ Ansem 🐂🀄️ ☕️☕️☕️

Our co founders and beta testers are currently trading solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump on Percolator Trade Devnet V2 We spun up the market in under 40 seconds and have been actively testing it ever since. Now I’m curious… If you were trading solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump , would you be long or short the black bull? 🐂🀄️ Ansem 🐂🀄️ ☕️☕️☕️

10,607 views • 3 months ago

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