Inferno is the second product I'll ship
phase 3 on the public roadmap, it's an LP plus leverage thing
but it exists for an unusual reason: not to be a great LP product (Solana already has those) but to feed the cSOL exchange rate from a second source
@_forgeprotocol why concentrated LP and not full-range, well because full-range LPs are a bad use of capital in 2026, and Solana already has working concentrated venues (Orca Whirlpools, Raydium CLMM, Meteora DLMM)
i'm not going to build a new DEX
Day 27 on mainnet.
Rate: 1.0655 TVL: 8.47 SOL
Wallets: 29 Founding Forger slots: 29 / 50
Since yesterday: +0.05% on the rate.
Verify: https://t.co/arXJPbklIX
TVL on @_forgeprotocol yesterday: 8.92 SOL
TVL today: 8.44 SOL
cSOL exchange rate yesterday: 1.0634
rate today: 1.0649
even with money leaving the protocol the rate grows
before: ~8.39 cSOL outstanding backed by 8.92 SOL, rate 1.0634
after: ~7.93 cSOL outstanding backed by 8.44 SOL
rate 1.0649
every wallet that kept its cSOL got more valuable overnight, without doing anything
wrap fees have a ceiling: how many users decide to deposit and withdraw.
arb scales with how active Solana is, no ceiling on that, just on how much volatility the chain produces
the bet behind cSOL is that Solana stays the most volatile high-frequency chain in crypto and that Forge captures more of it into the rate every block