Colada

Nine months ago, we forked @toly's Percolator and started building what would become Colada.

Today, we're making our risk kernel open source so anyone can follow the work as it evolves.

The result is a new risk engine built to bring perps to markets that couldn't realistically exist before, from long-tail tokens to custom composite indices.

With Mimir, a fully onchain oracle, each market has its own isolated risk and exposure caps that adapt to actual liquidity depth and oracle confidence.

Critical safety invariants are backed by formal Kani proofs, with execution down to 45k CU to open a position and 65k CU to liquidate.

A complete trading terminal and native Solana Mobile app are also built, both undergoing private devnet testing.

The risk kernel is public today. Follow along as we build Colada.

github.com/QuantuLabs/col…

Things are finally coming together for Colada.

After months of building, testing and rethinking how perp markets should work, we're targeting mainnet before the end of 2026.

Permissionless perp markets for long-tail assets and custom indices on Solana, powered by Mimir.

V1 will start with controlled position sizes and exposure limits based on market liquidity and oracle confidence, gradually expanding as live market conditions allow.

And this is only the beginning of what we have planned for Colada.

The hardest part is forking Percolator and making market creation so ridiculously simple that you can launch a perp on any long tail asset, use whatever collateral you want, and let PropAMM handle pricing without a market maker, all in under a minute with zero technical knowledge, straight from your phone while taking a shit.

Just a reminder, we're not on mainnet yet.

2027 will mark a new era for perps.

colada.finance