Memories 🦞 Percolator
Thesis for Percolator
I’m extremely bullish on Percolator and view it as a project with one of the strongest asymmetric setups I’ve come across. I’ve been following Percolator closely for around a year, and the more I’ve researched it, the more convinced I’ve become about its long-term potential. I personally know both of the founders, and they also follow me, and I’ve spoken with them directly. From everything I’ve seen, there appears to be a serious amount of work and infrastructure being built behind the scenes.
Percolator is a permissionless perpetuals protocol on Solana, and one of the biggest reasons I’m bullish is its connection to Toly (Anatoly Yakovenko) and his work around risk infrastructure. Toly has been publicly posting about Percolator and permissionless perps, and according to the information I’ve gathered, Percolator is built around Toly’s risk engine. Toly has also added Percolator to his GitHub, which gives me even more confidence that this isn’t just another random project trying to manufacture hype.
The founders have reportedly had multiple meetings with Toly, while both founders of Percolator also attended a recent Solana meeting. Percolator went to approximately $6M market cap three separate times purely from Toly-related posts, and this was before the project even launched on mainnet. That level of attention before launch is extremely interesting to me because it demonstrates that there is already a market willing to value the narrative and technology around Percolator.
Another major point is the early-access demand. Around 9,000 people reportedly signed up for early access, and I’m fortunate enough to be among the first 50. To me, that demonstrates that there is already significant interest before the protocol has even fully launched.
The team is currently waiting for the audit to be completed before launch, with the audit reportedly costing around $400K. There are also rumours that the Solana Foundation may cover the audit cost. Obviously, I would treat that as unconfirmed until there is official confirmation, but if true, it would be another meaningful signal of how seriously the ecosystem may be taking the project.
What makes the setup even more interesting is that there appears to be considerably more happening behind the scenes than what can currently be discussed publicly. I’ve been told by the developers that certain information cannot be shared yet, so I’m deliberately keeping those details private. But based on what I can share, the combination of the team, the technology, the Solana connection, Toly’s involvement and public support, the early-access demand, the pre-mainnet attention, and the upcoming audited launch makes the risk/reward extremely attractive to me.
I don’t see Percolator as a short-term hype trade. I’m looking at this as a long-term play. I’m obviously not claiming there is zero risk, and none of the unconfirmed information should be treated as guaranteed. But personally, after following the project for roughly a year and seeing how much has been happening before mainnet, Percolator is one of the projects I’m most bullish on. If the team executes on what they’ve been building, I believe the current stage could look very early in hindsight.
Long-term bullish on Percolator. 🐂
Not financial advice
this is simply my personal thesis and conviction based on the information I’ve seen.
Currently at 1.5M MC
$LUCIA will do some crazy numbers.
Already seeing a huge number of girlfriends mad at her.
@wirelyss @pxblocito
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