We've spent the last couple of weeks rebuilding big parts of the UI/UX and finally adding more to the creator side so people can get the most out of Percolator Trade Devnet V2
Quick tour of what's new 🧵
i have been working on the frontend
whole market launch is now only one wallet approval. market, LP, liquidity, insurance, stake vaults, keeper feed, all batched
40 seconds to a live perps market on any token
"launching a perp market" wasn't even a thing you'd think about before
When Percolator Trade allows anyone to launch a perp for any token, what happens when you end up with thousands of markets?
The hard part stops being "can i trade this?" and becomes "which ones are worth trading right now?"
Our indexer answers that by providing real time market discovery & live stats
-OI
-Volume
-Funding
across every percolator market = the map for the entire long tail.
https://t.co/QbOqDbAbiX
On https://t.co/k9kAlJguW2 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.
https://t.co/C0UxTdt1Mr
Percolator's risk engine is formally verified with Kani, the same class of method NASA uses on flight software.
@toly built and verified it.
@PercolatorTrade helped.
Here's what that means, and why "verified" alone is a weak flex 🧵
Check out @PercolatorTrade on Solana. We're building the only place you can launch a perpetual futures market on any of SPL token in about 60 seconds. No application, no approval, no stake to launch. Every position can be wrapped as a Token-2022 NFT and transferred wallet to wallet, the first transferable perp position on Solana + you don't have to trade to earn. Stake into any market's insurance vault and earn a share of its trading fees, with risk isolated per market.
@0xWives I know youve been following $nemesis. They have been building for months without selling any tokens. They just graduated from YZI Labs Easy Residency, and their Head of Product is now following them. Worth another look!
We just crossed 2,000 on the Percolator waitlist.
Over 5k followers on X
Every one of you signed up for the same thing: a place to trade perps on any token, not just the handful the big exchanges decide to list.
Thank you for being early. https://t.co/yi3Vd4v4Cg
We just crossed 2,000 on the Percolator waitlist.
Over 5k followers on X
Every one of you signed up for the same thing: a place to trade perps on any token, not just the handful the big exchanges decide to list.
Thank you for being early. https://t.co/yi3Vd4v4Cg
in the past 48 hours, Toly has interacted with 12 tweets about $Percolator
just a month ago, Toly was bullposting Bernie and sent it to $17m
now he’s bullposting actual perp tek that he’s helping build and has a unique long-tail value proposition (maybe perfect perp PMF for SOL?)
with the ceilings of perpdex and seeing Bernie send to $17m just a month ago, what do you think the ceiling is for percolator?
only like 3 notable guys on FOMO own the coin and I haven’t heard anybody else talking about it
believe this one will catch a lot of people by surprise
Percolator Trade = end game of on-chain perps
pump fun for perps. launch a market for any solana token in <60 secs. no team, no dao, no gatekeeping bullshit.
waitlist invite only code: D6AV2M36
$Percolator
@PercolatorTrade
https://t.co/eOOVQ2AaaZ