Percolator SOV

PERC DAO is now live! Our first vote is officially open. Proposal: Buy back 100,000 $PERC and lock them for 3 years.

Buy $Perc How It Works

Insurance Fund (Locked Forever)

1,327 PERC

Fee Revenue: 327 PERC

Market Stats

PERC Price

$0.001607

Total Open Interest

16,863,781 PERC

Vault Balance

252,507,522 PERC

Trading Fee

0.30%

Maintenance Margin

5.00%

Accounts Used

Funding Rate

Per Slot

0.000000 bps

Hourly

0.0000 bps

Annualized

0.00%

How It Works

Deposit PERC

Connect your Solana wallet and deposit PERC tokens as collateral. You need a small account creation fee (1 PERC) to get started. Your collateral backs your perpetual positions.

Trade Long or Short

Open leveraged perpetual positions on the PERC/USD pair. Go long if you think PERC will go up, or short if you think it will go down. The market uses an inverted perpetual design.

Fees Burned Forever

Every trade pays a 0.30% fee. These fees go to the insurance fund. The admin key is burned—no one can ever withdraw. Fees are locked permanently, removing PERC from circulation.

The SOV Model

Inverted Perpetual

This is an inverted perpetual — PERC is both the collateral and the settlement asset. When you trade, you deposit and withdraw PERC tokens. PnL is denominated in PERC. This means the market's economic activity directly affects the token's circulating supply.

Deflationary by Design

Trading fees (0.30% per trade) accumulate in the on-chain insurance fund. The admin keypair has been burned — there is no privileged key that can call WithdrawInsurance. These tokens are permanently locked in the program's vault. Every trade shrinks the circulating supply of PERC.

Formally Verified Risk Engine

The on-chain risk engine uses an O(1) haircut-ratio model for solvency, with real-time funding rates, maintenance margin requirements, and automatic liquidation. The engine cranks every 5 seconds, updating funding rates and checking positions.

Live Oracle Price

The PERC/USD oracle price is fetched from DexScreener (Meteora liquidity pools) and pushed on-chain every 10 seconds. A 5% per-push circuit breaker prevents wild price swings. The crank bot runs continuously, ensuring the market stays in sync with real-world PERC prices.