what's Percolator SOV?
Percolator SOV is a Solana token implementing an inverted perpetual futures market inspired by Anatoly Yakovenko's Percolator research. The token acts as collateral for long/short positions on itself, with trades locking supply into an insurance fund via fees. Admin keys are burned for decentralization, creating a soft deflationary mechanism as the fund grows indefinitely. The protocol supports permissionless creation of perpetual markets for any SPL token using native Pyth Push Oracle integration for real-time prices, eliminating trusted pushers. Features include multi-market cranking, variation margin for fungible closes, oracle-based liquidations, and withdrawal safety checks, all built on formally verified accounting engines.
Links
x.com/midtermdevLaunched with trading beginning on 2026-02-07.
Reached a peak market cap of $5.2 million on launch day (2026-02-07).