Dark Cobra 🐻

SuperteamUK member
Building @PercolatorTrade

[Percolator @PercolatorTrade]

For those who are wondering what I’m doing next, I’m building permissionless perps for long tail assets on solana

[molu @molusol]

if you are looking for @perps on solana:

> memes: @perpadfun

> permissionless: @PercolatorTrade

> social perps; @TradeFighters

> any sol coin: @derp_trade

> agent trading: @ColadaPerps

> best ux: @jtx_trade

> built for speed: @bulletxyz

> great yields: @adrenafi

> aggregator: @ImperialPerps

> fast and cheap: @PhoenixTrade

> easiest to use: @JupiterExchange

> trading game: @clashofperps

> banger but in beta: @bulktrade

> deep liquidity: @pacificafi

> no order book: @FlashTrade

> rwa perps: @gmtrade_xyz

[Squid @0xSquid_Sol]

commit 59d74cf removed expect_signer(signer_b) on TradeCpi/BatchTradeCpi but didn't add an on-chain LP→matcher_program binding.

Attacker deploys their own matcher, forces any portfolio into a position at oracle.

3 LiteSVM PoCs, 82.4% drain.

https://t.co/1S6p65AKGX

[toly 🇺🇸 @toly]

🧠🧠🧠

[Uche @uche_wilfred_]

Permissionless here @PercolatorTrade , is a word in DeFi that simply means no one can stop you.

✓No team has to approve your market.

✓No governance vote.

✓No listing fee.

✓No gatekeepers

Crypto’s biggest strength is openness. Percolator takes that idea and applies it to leveraged trading.

Instead of a few big platforms deciding what you can trade, you decide.

It is simple, fast, and truly PERMISSIONLESS.

P really does equal Permissionless.

Once mainnet opens, anyone will be able to launch and trade perps on any token, no permission needed.

Join the waitlist at https://t.co/S1Vvf1C3QW.

[Squid @0xSquid_Sol]

Working on @PercolatorTrade with @dcc_crypto has been an absolute blast; what a wild ride so far.

Every week we’re jumping on calls with all kinds of people from different companies, soaking up incredible advice, guidance, and fresh ideas while figuring out how we can actually work together and help each other win.

We keep building.

We keep experimenting.

& 99% of the time we’re running around like headless chickens on zero sleep…

there’s zero doubt in my mind; we are going to succeed.

[toly 🇺🇸 @toly]

👑👑👑

[Dark Cobra 🐻 @dcc_crypto]

🚢 ⛴️ 🛳️

[Runner626 @sharpmetaa]

1/15
As we move towards Permission-less perps.
There might be cause to worry about manipulation.

I built an Oracle-sentinel for the Percolator infra
Still a work in progress
But this is the idea 🧵
https://t.co/mFwLAH5yb3

[Dark Cobra 🐻 @dcc_crypto]

@therealchaseeb More builders than ever
Better infrastructure than ever
More capital than ever
More talent than ever

The market can stay pessimistic.
The disconnect is the opportunity.

[chase @therealchaseeb]

Worst sentiment in crypto history.

Best time to be a hero.

[Dark Cobra 🐻 @dcc_crypto]

@0rdlibrary @solana WE will make history

[8Bit🦞 @0rdlibrary]

Bookmark this tweet, imo he's making history on @solana

You will fade until it is too late.

[Percolator @PercolatorTrade]

An early exploration of the hardest problem in long-tail perps: liquidity. Open to scrutiny ☕️🤝

[davo | drift @davijlu]

The latest update on the Drift recovery is now live here: https://t.co/E6PDdVlEFo

As we work towards relaunch, we’re glad to have the right people around the table with @redacted_noah and former members of the @gauntlet_xyz team. 

We’re focused on taking the necessary steps to build Drift into a market-leading perps exchange, and the largest USDT-based one on Solana, allowing us to deliver the recovery our users deserve. Relaunch will mark the start of the recovery engine, but this process began with our collaboration and support package from @tether and has been a 24/7 effort from day one. 

The work continues.

[Dark Cobra 🐻 @dcc_crypto]

to be clear, this is still just a design, not live. i mapped it onto the real percolator engine and the math seems to holds up, but there's a fair bit left to build.

it's all in the repo, proofs and all. ould genuinely love for people to tear it apart and point out anything weak, wrong, or unclear.

https://t.co/ByYuktoq1E

[Dark Cobra 🐻 @dcc_crypto]

i have been experimenting with something i designed: making permissionless perps actually work for long-tail assets, without market makers or deep liquidity.
here's the idea

[Dark Cobra 🐻 @dcc_crypto]

winners get paid in full while the buffer covers what's owed. only in the extreme tail is there a small, on-chain visible haircut, and the creator's stake takes the hit first.