🚀 CKS Systems Launches Manifest On-Chain Order Book On Solana
#CKSSystems #Manifest #OnChain #OrderBook #Solana #LiquidityProviders #GlobalOrders #TokenMarkets #TradingFees #HyperTree #DataStorage #SVM #MatchingEngine #Web3 #Blockchain #Crypto #SOL
According to BlockBeats, on September 13, blockchain-native market maker CKS Systems introduced Manifest, an on-chain order book based on Solana. Manifest enables liquidity providers to deploy Global Orders, allowing them to place unlimited orders in the market simultaneously using the same funds for multiple bids and offers. The platform also facilitates the easy listing of new token markets, avoids trading fees, and supports order surges.
Manifest has also introduced a data structure called HyperTree. According to its white paper, HyperTree allows for more efficient key-value data storage on the Solana Virtual Machine (SVM). Its layered architecture enables formal verification of the core matching engine without compromising functionality.
The primary contributors to Manifest are Maximilian Schneider, Britt Cyr, and John Kramer. Schneider is the founder of DEX Mango Markets, Cyr is the Chief Technology Officer of Web3 options platform Dual Finance, and Kramer is the Head of Trading at CKS Systems. Kramer stated that the collaboration among the three parties enhances liquidity for Solana and related platforms like Manifest.#CKSSystems #Manifest #OnChain #OrderBook #Solana #LiquidityProviders #GlobalOrders #TokenMarkets #TradingFees #HyperTree #DataStorage #SVM #MatchingEngine #Web3 #Blockchain #Crypto #SOL
🚀 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