Runner626

1/ I’ve been testing Percolator Trade V2 on Devnet, and these are my 5 favorite things about it so far. No hype. Just what actually stands out. 🧵

@PercolatorTrade @0xSquid_Sol

DAY 30/30 — THE FULL PERCOLATOR VISION 1/ 30 days ago, we started with a simple idea: What if anyone could create a perpetual market? Now we’ve seen the architecture behind that idea. And with devnet v2 launching today… This is the full Percolator picture. 🧵

DAY 29/30 — WHY PERMISSIONLESS PERPS MATTER 1/ For years, perpetual markets followed a familiar model: A platform decides what gets listed. Percolator asks a different question: What if the infrastructure itself was permissionless? 🧵

DAY 28/30 — THE PERCOLATOR STACK 1/ Percolator isn’t just a perp trading interface. Underneath a single trade is a stack of systems working together: Token → Market → Oracle → Risk Engine → Keeper → Settlement Here’s how all the pieces connect. 🧵

DAY 27/30 — LIQUIDITY: THE CAPITAL BEHIND THE MARKET 1/ A perp market can exist on-chain. But without liquidity, trading becomes difficult. For Percolator, this raises an important question: Where does the liquidity behind a permissionless market come from? 🧵

DAY 26/30 — HOW A PERMISSIONLESS MARKET GETS CREATED 1/ What does it actually take to create a perp market on Percolator? The idea is deliberately simple: Choose an eligible SPL token → configure the market → deploy. No listing committee. No central approval. 🧵

DAY 25/30 — ONE ENGINE. MANY MARKETS. 1/ Percolator is trying to solve two problems at once: Anyone should be able to create a perp market. And those markets shouldn’t require a completely different risk system every time. And this is where it gets really interesting . 🧵

DAY 24/30 — THE LONG TAIL 1/ Crypto has thousands of tokens. Most will never get listed on a major derivatives venue. Not necessarily because nobody wants to trade them, but because traditional markets won’t allow it. Percolator challenges that model. 🧵

DAY 23/30 — ORACLES & THE LONG-TAIL PROBLEM 1/ Perpetual markets need a price. But for Percolator, the harder question is: Where does that price come from when almost any SPL token can become a perp market? That is the long-tail oracle problem. 🧵

DAY 22/30 — KEEPERS: KEEPING MARKETS ALIVE 1/ Percolator puts the rules on-chain. But blockchains don’t wake up and decide: “It’s time to update the oracle.” “It’s time to liquidate that position.” That’s where keepers come in. 🧵