Perks

$PERKS is now live. CA: 7KHPUn4Cg7YMjsfHHx88BJNE2zYmkykejhTXLjHHpump go long or short on virtually any memecoin with up to 3x leverage, powered by @toly's open-source Percolator risk engine. Perks program: solscan.io/account/BsRqNAUa7… Percolator wrapper: solscan.io/account/4d4kASFLx…

the maximum position size on Perks is determined by how much SOL is available in that market's vault. right now, markets with smaller vaults have tighter position limits. as more liquidity enters, those limits automatically scale up. this means a market starting with 1 SOL won't support the same position sizes as one backed by 50 SOL.

Perks supports up to 5x leverage across all perpetual markets. as more SOL flows into market vaults, position limits will automatically increase, allowing you to open larger positions. i'll gradually raise the maximum leverage beyond 5x as liquidity grows to keep risk manageable while markets continue to scale. @toly your Percolator risk engine is truly ingenious!

the first leveraged position has officially been opened on the Pussycoin market. this marks the first working mainnet implementation of @toly's open-source Percolator engine. the position was opened with 5x leverage, using SOL as collateral, with all profits and losses settled in SOL. you can track the live market and its positions here: tryperks.fun/m/FZxHLUGiGchY5… on-chain transaction: solscan.io/tx/2QogafeKaayfm5…

noticed some positions are failing to open because the fee is being calculated incorrectly, causing the "Over the 5% of vault position cap" error to appear. working on a fix right now so positions can open normally.

maximum leverage has been increased from 3x to 5x across all markets. the initial margin requirement has been lowered from 33.33% to 19.90%, accounting for the 0.1% trading fee so traders can access the full 5x leverage. liquidation thresholds, position limits, open interest caps, and vault limits all remain unchanged. you can now open long or short positions with up to 5x leverage on supported markets. on-chain transaction: solscan.io/tx/5GnxQakaQz28ER…

leverage is currently capped at 3x across all markets. keeping the limit conservative while markets are still new and their liquidity vaults are relatively small. i noticed that when opening larger positions on the Pussycoin market, the current risk limits aren't allowing them through. as vault liquidity grows, position sizes will increase automatically. i'll be upgrading the program to support higher leverage now that everything is running smoothly on mainnet.

the Pussycoin perpetual market is now open on Perks. i went ahead and manually topped up its isolated vault to 1 SOL so people can start trading. the maximum SOL position size is currently very low because the market is starting with minimal liquidity. these limits automatically increase as more SOL enters the vault. you can now try opening small long or short positions with up to 3x leverage to test the tech yourself. tryperks.fun

every market on Perks has its own isolated SOL vault, which acts as the counterparty to traders and provides the liquidity backing their positions. the vault also serves as that market's insurance, with @toly's Percolator risk engine enforcing limits to prevent traders from withdrawing profits that aren't backed by collectable losses. each market is completely isolated, so losses in one market cannot affect another. i'll be manually funding the Pussycoin vault to 1 SOL to demonstrate the tech working with live long and short positions. tryperks.fun

100% of $PERKS creator fees are automatically distributed equally across all market vaults, so every market receives its share of the liquidity being generated. anyone can also manually deposit SOL into a specific market's vault to help it reach the 1 SOL requirement faster. once a vault reaches 1 SOL, that market opens for long and short trading. most vaults are already sitting at around 29% funded.

vaults are already filling up. i went ahead and pre-listed a few markets to demonstrate the tech. as soon as each market's isolated vault reaches 1 SOL, trading automatically opens, allowing anyone to go long or short with up to 3x leverage. remember, 100% of $PERKS creator fees are automatically deposited into market vaults to help fund new markets and grow liquidity in existing ones. tryperks.fun

once $PERKS reaches $5,000 in liquidity, I will create its market. anyone will be able to go long or short $PERKS with up to 3x leverage, using SOL as collateral.

any token with at least $5,000 in liquidity can have its own perpetual futures market on Perks. simply paste the token's contract address, sign the two required transactions, and your market is created on Solana mainnet. it doesn't matter if the token launched minutes ago or has been trading for months. anyone can create a market for 0.05 SOL + rent, fund its isolated vault, and enable long or short trading with up to 3x leverage.

both programs are deployed on mainnet and can be verified on-chain. our custom Perks program handles market creation, vault management, and protocol safeguards, while @toly's open-source Percolator engine powers the underlying risk and liquidation logic. Perks program: solscan.io/account/BsRqNAUa7… Percolator wrapper: solscan.io/account/4d4kASFLx…

before a market opens on Perks, it needs at least 1 SOL in its isolated liquidity vault. anyone can contribute SOL directly, or simply wait for $PERKS creator fees to fund the market automatically. 100% of $PERKS creator fees are collected and distributed into market vaults, providing liquidity for new markets and increasing the capacity of existing ones. once a vault reaches 1 SOL, the market opens for long and short trading with up to 3x leverage. tryperks.fun

every market on Perks needs two signatures to create. one to initialize the perpetual market, and another to set up its isolated SOL vault. each market operates independently, with its own liquidity, collateral, and risk limits. once the vault reaches 1 SOL, trading opens and you can go long or short with up to 3x leverage.

imagine being able to long or short literally any memecoin on solana. new pairs, low caps, high caps. anything with enough liquidity to support a market. this is now possible with @toly's open-source Percolator risk engine. we forked and deployed it on Solana mainnet, creating the first permissionless way to go long or short on virtually any memecoin with up to 3x leverage. introducing tryperks.fun go long or short on any memecoin with up to 3x leverage, using SOL as collateral. here's how it works: → create a perp market for any Solana token with at least $5,000 in liquidity. → market creation costs just 0.05 SOL plus rent, with the fee going directly into the market's liquidity vault. → every market has its own isolated SOL vault. once it reaches 1 SOL, trading opens. anyone can contribute to help fund a market. → go long or short with up to 3x leverage, using SOL as collateral. your profits and losses are settled entirely in SOL. @toly's Percolator engine makes this possible by ensuring profits are only paid from losses the opposing side can actually cover. each market is isolated, so bad debt cannot spread between markets. 100% of $PERKS creator fees are automatically routed into market vaults, helping new markets open and existing markets grow their liquidity. both our Percolator wrapper and custom Perks program are already deployed on Solana mainnet. Perks program: solscan.io/account/BsRqNAUa7… Percolator wrapper: solscan.io/account/4d4kASFLx… create a market, fund its vault, and start trading. tryperks.fun