🚀 Solana Co-Founder Clarifies Intentions Behind Perp DEX Development
#Solana #AnatolyYakovenko #Toly #PerpDEX #DecentralizedExchange #SolanaBlockchain #Claude #Pinocchio #Surfpool #PropAMM #PerpetualContracts #LiquidityProvision #RiskManagement #MatchingEngine #Router #CodeRepository #PublicRelease #SOL
According to Foresight News, Solana co-founder Anatoly Yakovenko, known as Toly, addressed rumors about independently developing a perpetual decentralized exchange (perp DEX) on the Solana blockchain. He clarified that he is merely experimenting with using Claude to generate Pinocchio and testing it with surfpool.
Yakovenko explained that his goal is to explore the possibility of replicating the same prop-amm competition, but specifically targeting perpetual contracts. He envisions a perp DEX program that utilizes a section of memory within accounts for all operations, equipped with its own liquidity provision, risk, and matching engine. Additionally, he aims to design a router capable of rebalancing across multiple positions.
He also remarked, "I accidentally made a code repository public, and the whole world went crazy."#Solana #AnatolyYakovenko #Toly #PerpDEX #DecentralizedExchange #SolanaBlockchain #Claude #Pinocchio #Surfpool #PropAMM #PerpetualContracts #LiquidityProvision #RiskManagement #MatchingEngine #Router #CodeRepository #PublicRelease #SOL
🚀 Solana Foundation Introduces New PropAMM Mechanism to Enhance Trading Efficiency
#Solana #PropAMM #DEX #CEX #tradingefficiency #automatedmarketmaker #liquidity #cryptocurrency #smartcontracts #blockchain #SOL
Solana Foundation has unveiled its latest proprietary automated market maker (PropAMM) mechanism aimed at improving trading efficiency between decentralized exchanges (DEX) and centralized exchanges (CEX). According to Foresight News, unlike traditional centralized market makers, PropAMM employs a hybrid approach that uses offline predictive price models to push minimal price data on-chain and utilizes smart contract logic for real-time quote calculations. This method combines the efficiency of CEX with the settlement advantages of DEX.
PropAMM is capable of dynamic quoting, providing deep liquidity for regular users while preventing outdated price arbitrage. The information provided indicates that PropAMM offers 99% of the efficiency of CEX at a significantly lower cost than traditional models.#Solana #PropAMM #DEX #CEX #tradingefficiency #automatedmarketmaker #liquidity #cryptocurrency #smartcontracts #blockchain #SOL