The CEO of Solana Labs, Anatoly Yakovenko, seems to have a big plan—he is working on a high-performance decentralized perpetual contract trading protocol called Percolator, and he intends to develop it natively on the Solana blockchain, which is quite ambitious!

According to the document released on GitHub on October 19, this project has entered the "ready to go" stage. Percolator is positioned as an on-chain perpetual contract DEX where users manage their own wallets, and the most striking design is an on-chain routing program that allows users to monitor their positions, adjust margin, and calculate combined collateral ratios. Even more impressive is their new feature called "Slabs"—which is said to create separate order books for different tokens, making it sound like splitting the DEX order book into multiple small engines running simultaneously, claiming to enable market makers to operate more efficiently.

Although GitHub shows that the core data structures are completed (the routing program, Slab, memory pool, and other key modules are marked as "completed"), the clearing engine and these components are still lying on the development list, and the launch time has not even been hinted at. However, at least two developers have submitted code merge requests to the project, which seems to have attracted some technical experts.

In my opinion, if this project can truly run as designed, it might bring some fresh air to the decentralized derivatives market. But that being said, while the development progress looks quite in-depth, the core component, the clearing engine, is still not done, so it may take a considerable amount of time before the official launch. However, it is, after all, worth paying attention to a foundational protocol focusing on perpetual contracts emerging in the Solana ecosystem. Walking alone is lonely; follow me, pin the chat room to unlock more spot contract strategies, not just a participant in a bull market, but a victor in the bull market! #美联储重启降息步伐