One underrated part of Coinlator: the coin abstracts away the position management layer.
Users don’t need to open, manage or understand a perp position they simply hold the asset that represents the exposure.
Complex infrastructure, simple interface.
HIP-3 opened the door for permissionless markets.
Coinlator takes that primitive one step further: turning market exposure itself into a transferable coin.
Pick an underlying market, choose long or short, define the leverage and deploy.
The position becomes the asset.
@toly curious what you think of this model.
Coinlator is live so here’s what we actually built.
We took Hyperliquid’s HIP-3 concept and made it the base layer.
On Coinlator, anyone can deploy a coin tied directly to an asset already priced by Hyperliquid.
You choose:
→ the underlying
→ long or short
→ leverage
→ market parameters
The coin itself represents the position.
If you deploy a BTC long coin, it tracks BTC long exposure.
If you deploy a BTC short coin, it moves with short BTC exposure.
No separate position for the casual holder. The balance is the position.
The idea is simple:
Turn markets into coins.
Deploy them permissionlessly. Trade them on shared L1 infrastructure.
That’s Coinlator.
https://t.co/2iWp7dU990
Thanks @toly but today we kinda forked your product and made it into a deployer,
Use https://t.co/2iWp7dU990 to deploy a memecoin which longs or shorts any memecoin
We use meteora's DLLM Pools to allow us to essentially exchange a piece of the pumpfun seed into a pool,
It's how projects like @launchonsf/bags all work instead we use pumpfun's api not our own
https://t.co/3VN2r67JYc
Very excited to work on this, long any memecoin 100x or short it,
All on our website
Reject modernity. Return to open source immutable software. I am actually more bullish on being able to remove admin keys than any other time in my professional software development career. The tools we have for formal verification are sci fi.
https://t.co/Xv4mMeKtxE
I have deployed an immutable binary of percolator, and a market with about 5 sol in the insurance vault with all the admin keys burned. There is no way for me to modify anything about the market, or the program. Anyone can crank it if they choose to.
It is purely a risk engine and cannot trade or offer prices on its own. For that you need to figure out how to deploy your own program to do it.
Figure out how to hack it or manipulate the engine and steal the 5 sol, and I will do my best to land you a job or an angel investment. Especially if you can figure out how to get AI to hack it instead of doing it yourself.
This has been my security attack search script if you need a starting place.
https://t.co/WdRwJMKrHL
Find a bug, submit an issue to the repo. Good luck!