Over the past few days, I’ve taken a close look at Perk.fund - the permissionless perpetual futures protocol on Solana that lets anyone create leveraged markets for any SPL token and earn 10% of fees forever.
As an early supporter and one of the top $PERK holders since day one, I wanted to better understand the project and the mind behind it. Here’s what a thorough investigation revealed.
2/ Perk.fund Overview
Perk is a fully decentralized, open-source perpetuals DEX built on Solana. Key highlights:
- Up to 20x leverage on any token
- One-click market creation (just 1 SOL)
- Uses a vAMM model with Pyth oracles and sub-second execution
- Full port of Anatoly Yakovenko’s Percolator risk engine
- Heavily audited (multiple rounds, formal verification with 117 Kani proofs, extensive fuzz testing).
The code is public on GitHub, the protocol is permissionless, and the team maintains a clean, product-focused website at perk.fund.
