bridging has come so far
what used to be one of the most tedious and stressful parts of defi now happens in-app almost instantly
bridging off eth and never looking back is a rite of passage
Cross-chain deposits are live.
Fund Phoenix with USDC or USDT from Ethereum, Base, Arbitrum, or HyperEVM. It arrives in your account as Solana USDC, ready to trade in seconds.
https://t.co/npeUFoJV6T
We're integrating @PhoenixTrade into @perpadfun.
Apologies for the back and forth on this. After working through the options, we've finally landed on what we believe is the perfect fit to power perpad.
Every token launched on perpad gets its own leveraged long/short treasury, with trading fees auto-routed into perps on the token itself. Execution quality on those perps directly determine performance, so the venue underneath matters more than anything else.
Phoenix gives us real order book depth, tighter spreads, and far less oracle lag than what we've been routing through. It's the closest thing to native CLOB infrastructure on Solana, and the right foundation for how Perpad is meant to operate.
Hoping to have it live by tomorrow. More soon.
Perpetuals are one of the most important financial primitives in crypto.
Solana makes it viable to run them fully onchain, without sacrificing the performance real participants and institutions require.
We want to support teams building onchain 👇
When I first invested in Kalshi, the idea of launching regulated perps felt ambitious yet attainable after meeting n of 1 engineers like Lior. For those not deep into market structure and derivatives, this is a very big deal. After years of waiting, perpetual futures are coming onshore, only on Kalshi.
I expect this category to do tens of billions in volume a month. Derivative markets are now a lot more interesting and happy to see one of my portfolio companies leading the charge to revolutionize finance in America 🇺🇸