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Percolator

@PercolatorTrade6,996 subscribers

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

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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 🧵

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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 👇

43,471 görüntüleme

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.

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