Solana Perp Dex

[Solana Perp Dex @solanaperpdex]

p

[Solana Perp Dex @solanaperpdex]

p-token

[Solana Perp Dex @solanaperpdex]

The sky is too perfect today

[Solana Perp Dex @solanaperpdex]

Now.. the question is do we run this pvp ?

https://t.co/Fxd8PFuTey

This was latest version before we close it.

The date published this repo 22/10/2025

[Solana Perp Dex @solanaperpdex]

We actually built it in simuation when you first time posted @toly

https://t.co/Fxd8PFuTey

$SPD

https://t.co/YibNV7Mmda

[Solana Perp Dex @solanaperpdex]

littleTERMdevs doing their things?

[Solana Perp Dex @solanaperpdex]

Let's get it back..
L O A D I N G..

[toly 🇺🇸 @toly]

While the program is upgradable it’s still possible to rug, but at least the only thing at risk in the market is the memecoin itself.

[Solana Perp Dex @solanaperpdex]

Visual Mobile App Referrals + Resolutions Upgrade [████████████████████████████████████████████████████████████████████████████████████████████████████████████████]

[Solana Perp Dex @solanaperpdex]

@jnr_ify @Chrisbiz96sats https://t.co/TmqHEPArEU

[Solana Perp Dex @solanaperpdex]

We are actively deploying detailed documentation on GitHub and an agent model hosted on Hugging Face, tailored specifically for FARMERS (farming agents in the simulation).The game is currently operating in full simulation mode.

[Solana Perp Dex @solanaperpdex]

@vivamaxmov Previous token was $SPD and not PERPTOWN
https://t.co/sLAIYryqA0

[Solana Perp Dex @solanaperpdex]

Omg he is speaking about $SPD

[toly 🇺🇸 @toly]

This seems not completely busted. 🤷‍♂️

System Roles
•Router program
•Owns all collateral and user portfolios.
•Computes margin (IM/MM) and equity for every account.
•Executes trades, settlements, and liquidations.
•Talks to whitelisted matcher programs via CPI.
•Matcher (slab) program
•LP-owned program that maintains its own order book (slab_state account).
•Exposes prices and matching logic.
•Never holds or moves funds.
•Accepts only Router-authorized CPIs for trade execution.

⸻

Core Router Responsibilities
•Maintain:
•UserPortfolio { equity, exposures, im, mm } per trader/LP.
•Central collateral vaults (SPL tokens).
•Registry of whitelisted matchers (program_id, version_hash, oracle_id, fee_caps, etc.).
•Before routing any order:
•Verify maker/taker margin sufficiency in Router portfolios.
•Check matcher program is allow-listed and oracle-aligned.
•Execute orders:
•Read top-K quotes directly from each matcher’s QuoteCache.
•Choose best price/quantity split.
•CPI → matcher.commit_fill(side, qty, limit_px, receipt_pda).
•Read receipts and update both portfolios (PnL, fees, exposures).
•Handle liquidations:
•Detect under-margin accounts (equity < MM).
•Read best bids/asks from matchers.
•Issue reduce-only commit_fill CPIs within liquidation price bands.
•Repeat until account is solvent or flat.

⸻

Core Matcher Responsibilities
•Own a single writable slab_state account (book + header + quote cache).
•Maintain local book and update QuoteCache (K levels per side).
•Verify at CPI entry:
•Caller is the Router authority.
•Header.seqno unchanged since Router read QuoteCache.
•limit_px respected; tick/lot alignment correct.
•receipt_pda.owner == matcher_program_id and unused.
•On commit_fill:
•Match orders and write one FillReceipt (used=1, seqno_committed, filled_qty, vwap, notional, fee).
•Mutate only its own state + the receipt PDA.
•No token transfers, no external CPIs.

⸻

Boundary & Safety Rules
•All funds stay in Router vaults; matchers never see token accounts.
•Router → Matcher is one-way CPI; matchers never call back.
•Router whitelist controls which matcher programs can be invoked.
•Router and matchers share a fixed data layout for Header and QuoteCache; version hash checked at registration.
•Atomicity: if any CPI fails, the transaction aborts and no Router state changes.
•TOCTOU protection: seqno mismatch causes CPI failure (no partial fills).
•Oracle alignment: Router skips matchers whose mark_px deviates > ε from oracle.
•Optional per-matcher exposure cap E_max to bound router-routed notional.

⸻

Capital & Margin Flow
•Every participant (trader or LP) deposits collateral into Router vaults → creates a UserPortfolio.
•LP’s quotes on their matcher are backed by the LP’s Router-held equity.
•Router checks LP margin before routing to their matcher.
•Trade PnL, fees, and margin adjustments occur only inside Router state.

⸻

Liquidation / Deleveraging
•Trigger: equity < MM.
•Router builds reduce-only orders using current exposures.
•Reads quotes from matchers (bids/asks) and executes via commit_fill.
•Applies liquidation fee and updates portfolios.
•If equity still < MM, repeats; if equity ≤ 0, records bad debt (v0) for later settlement.

[Solana Perp Dex @solanaperpdex]

@Dylz_McK +1

[Solana Perp Dex @solanaperpdex]

@88Raos India knows it yet?

[Solana Perp Dex @solanaperpdex]

I just saw someone try to CTO $SPD while we're actually building here interesting behavior from the bagjeets.

Who's stepping up to build after the CTO? Just asking for a friend. I mean, if you pull off a CTO, somebody's gotta build on it too.

If you need a dev, DM me, CTO guy.😂

[Solana Perp Dex @solanaperpdex]

Checking the dev if he isn’t drunk.

[Solana Perp Dex @solanaperpdex]

ZCash ( $ZEC ) is going to $500
https://t.co/Fxd8PFuTey

Before that we'll move from -sim to -mainnet

@mert will like it.

[Solana Perp Dex @solanaperpdex]

The simulation is about to receive its final update. After this, we are no longer responsible for your traders.

We are currently finalizing the sim before moving on to the cluster phase.

Game Layer Updates

💫The /game UI (retaining your preferred version) now includes: Wallet panel + multipliers display.

💫Quests & streaks table, Seasons & leaderboard, and Public profile (featuring badges, best trades, and equity spark).

Server Stubs GET /api/quests (currently with placeholder values).

GET /api/leaderboard.
GET /api/profile.

Season Framework

💫Implemented on user state, including Season S1 and lifetime points. Base points are still derived from realized PnL.

Replay System

💫Added public/replay.html: Loads a replay via ?id=REPLAY_ID, displaying meta, equity spark, and events table.

💫Playback controls include play/pause, speed adjustment, scrubber, copy-link, and live auto-refresh during recording.

💫Server endpoints for record/share/stop are stubbed from the previous step; the UI is ready to consume /api/replay/:id.

Quality & Fixes Resolved early crashes by backfilling user fields (u.orders, nextOrderId, and positions including ZEC).

Implemented SSE snapshot stream per wallet, with polling fallback retained.

Snapshots now include openOrders for rendering in UI tables (ready for integration).

It's time to build.
https://t.co/gSpbIqdoSH

[Solana Perp Dex @solanaperpdex]

We're more degenerate than you more hardcore traders than you.

https://t.co/5JMekJuXl8 is now updated and starting to track everything. (Simulation)

Only for now.

[Solana Perp Dex @solanaperpdex]

@88Raos @pumpdotfun @BagsApp stfu pleb.

[Solana Perp Dex @solanaperpdex]

Who wins actually @pumpdotfun or @BagsApp ?