Anatoly Yakovenko is developing a new futures platform for Solana

According to information from a public repository on GitHub, Solana co-founder Anatoly Yakovenko is actively working on Percolator — a decentralized perpetual contract exchange for the Solana ecosystem. The project was introduced in October and has since attracted the attention of eight developers who began studying the code and contributing their own improvements. This step could become a milestone in the development of DeFi solutions based on Solana.

Technical Architecture of the New Project

Percolator is being developed as a full-featured decentralized platform for trading derivatives. The project is built on an infrastructure for order routing and a core engine that ensures efficient trade execution.

Work is being carried out jointly by two developers — the account aeyakovenko (belonging to Anatoly Yakovenko) and participant Claude. The latest updates in the repository include notes on implementing the main infrastructure for futures trading and integration with Solana Runtime, indicating an active phase of testing and code optimization.

The platform implements a range of specialized functions to prevent manipulation and ensure fair trading:

• Order prioritization system based on price and time (FIFO)
• Waiting queues for orders temporarily lacking liquidity
• Margin requirement checks before executing operations
• Automatic liquidation detection and handling mechanisms
• Delayed order publication system transitioning from pending to live status
• Penalty system for JIT manipulations and Aggressor Roundtrip Guard (ARG) to prevent speculative attacks
• Flexible kill band parameters to protect against sharp price jumps

As of today, Solana Labs has not issued official comments regarding the project. Attempts to get clarification from Solana Super Team CIS have so far been unsuccessful.

Percolator’s Role in the Solana Ecosystem

Anatoly Yakovenko brings experience as one of Solana’s architects to this project. The emergence of Percolator is particularly significant in the context of the ecosystem’s history — several years ago, Serum, a popular derivatives DEX, was compromised following a hack of FTX, which severely disrupted the landscape of decentralized trading on the platform.

The community views the development of Percolator as an attempt to restore and expand the toolkit for derivatives trading. According to DeFi community activists, this project could become a connecting piece within a larger ecosystem that includes projects like Backpack and Mad Lads, forming a comprehensive solution for decentralized trading.

From Centralized Exchanges to Decentralized Solutions

Alongside the development of Percolator, discussions are gaining momentum within the Solana community about the existing project Pacifica, another derivatives DEX currently in closed beta testing. Users point out potential advantages of decentralized platforms over traditional centralized exchanges.

The main argument from DEX supporters is that funds remain under user control, eliminating risks of freezing or confiscation of assets — issues well known to the crypto community. Additionally, thanks to high transaction speeds and minimal fees on the Solana network, trading on DEXs becomes safer and more cost-effective for end users.

The launch of Percolator with Anatoly Yakovenko’s involvement could further accelerate this shift of power from centralized platforms to decentralized infrastructure. Amid these developments, the Solana ecosystem continues to grow: as of today (March 11, 2026), the SOL token price is $84.63, with a daily change of -2.50%, reflecting overall market fluctuations.

The development of such projects demonstrates the community’s goal to create a reliable and independent infrastructure for derivatives, allowing traders to avoid systemic risks associated with centralized intermediaries.