Maxiinreanimate

Maxiinreanimate / Percolate

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The first and only multichain permissionless perpetual futures DEX.

percolate.gg anchor evm foundry multichain percolator
13
3
89% credibility
Found Apr 08, 2026 at 13 stars -- GitGems finds repos before they trend. Get early access to the next one.
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AI Analysis
Rust
AI Summary

Percolate is a permissionless decentralized platform for trading perpetual futures contracts on any token across multiple blockchains like Solana and EVM.

How It Works

1
📰 Discover Percolate

You hear about Percolate, a simple place to trade crypto price predictions endlessly without bosses or limits, working on any blockchain.

2
🔗 Connect your wallet

You link your everyday crypto wallet to Percolate so you can safely manage your money and trades.

3
👤 Open your trading space

You create a personal spot to hold different types of funds and track all your bets across markets.

4
💰 Add your funds

You deposit easy assets like stable dollars or popular coins into your space, ready for trading with smart adjustments for safety.

5
📈 Place your first bet

You pick a market like SOL, choose to bet up or down with your preferred risk level, and jump into the action.

6
⚙️ Watch and adjust

Helpers automatically balance prices and handle closures if needed, while you set auto-sell points or close when ready.

✅ Cash out wins

You pull your profits anytime, feeling secure with the fair system that shares risks evenly.

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Star Growth

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AI-Generated Review

What is Percolate?

Percolate is the first and only multichain permissionless perpetual futures DEX, running natively on Solana and EVM chains like Ethereum, Base, and Arbitrum—no bridges needed. Built in Rust for Solana with Anchor, Solidity for EVM via Foundry, and a TypeScript SDK, it lets users trade perps with cross-margin across positions, multi-collateral like USDC, SOL, or wBTC, and adaptive liquidity that scales with volume. Developers get a unified API to deposit, open longs/shorts, set triggers, and run crankers for funding or liquidations.

Why is it gaining traction?

It stands out with day-one cross-margin and adaptive vAMM liquidity that auto-tunes k based on real volume and volatility, unlike isolated-margin perps like Perk. Permissionless market creation pays creators 8% of fees forever, and cranker bots reward keepers for liquidations (50% fee share) or triggers (0.01% notional). The Percolator risk engine handles stress with haircuts and lazy indices, making it resilient without ADL queues.

Who should use this?

DeFi protocol builders integrating perps into apps, especially those needing Solana speed with EVM reach. Keeper operators hunting incentives on multiple chains, or traders scripting via the SDK for multichain positions. Avoid if you need battle-tested mainnet volume yet.

Verdict

Promising early project with formal Kani proofs and audits in progress, but only 13 stars and 0.9% credibility score signal high risk—treat as alpha for forking or testing. Integrate the SDK on devnet first; production wait for audits and deployments.

(198 words)

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