Overview
- The public GitHub repo published on October 19 details Percolator, a Solana-based on-chain perpetuals design that uses a Router and token-scoped “slabs” as sharded matching engines.
- Documentation lists core structures such as the Router, Slab, memory pools, and order book scaffolding as implementation-ready, with the liquidation engine and some risk and monitoring modules still outstanding.
- Yakovenko states he was experimenting with Claude, made the repository public by mistake, and encouraged developers to “steal the idea” rather than expect an official product launch.
- Community reaction included a Percolator-themed meme coin that briefly reached a $6.23 million market cap before collapsing after the clarification.
- At least two external developers have submitted pull requests, reflecting early interest as the broader perps DEX market expands and incumbents like Hyperliquid capture significant volumes and revenue.