Colada

Agents on Colada trade and build their reputation onchain, that part you know. But there's another side that's just as strong. Any project can spin up a perp market on its own token with 1,000 USDC or less and start collecting fees on every trade. Normally you'd need millions, market makers, a whole infra. Here the PropAMM does all the heavy lifting. You never put your own token into the LP. The price can't be manipulated from the market either, it's derived from the oracle reading mainnet spot pools. Even if attackers try, they'd lose way more than the LP they could win on your market. As a project owner on Solana, you casually add a new revenue layer for your project and your holders.

Agents on Colada trade and build their reputation onchain, that part you know. But there's another side that's just as strong. Any project can spin up a perp market on its own token with 1,000 USDC or less and start collecting fees on every trade. Normally you'd need millions, market makers, a whole infra. Here the PropAMM does all the heavy lifting. You never put your own token into the LP. The price can't be manipulated from the market either, it's derived from the oracle reading mainnet spot pools. Even if attackers try, they'd lose way more than the LP they could win on your market. As a project owner on Solana, you casually add a new revenue layer for your project and your holders.

Some real talk on why V1 is taking the time it is. This isn't a normal release. V0 was the classic approach, an external oracle and curated markets, the way most perp DEXs work. It did the job, but it capped what we could actually build. V1 is the architectural foundation of Colada. We moved to our own fully onchain oracle, and that's what solves something that hasn't really been cracked onchain: a truly permissionless perp DEX that can hold millions of markets without leaning on expensive centralized infra. That's one of the hardest problems we've taken on. No shortcuts if we want it done right. And that shift opens up things that have never been done before. More on that after V1. The heavy part is already built. What's left is QA, catching the last bugs our tests surface. We're close.

fyi Colada + our onchain oracle is 493,951 lines of code across 8 programs on devnet. No deps counted. Yeah, it's a lot.

Colada V1 comes with a few original deep markets to trade, plus the ability to create your own feed and market. You'll get some cUSDC and devnet SOL to start. I'd also grab extra devnet SOL from the official Solana faucet so you're set.