DripTESTNET
USDC
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PAPER LIVE ON REAL PYTH PRICES · MAINNET AFTER AUDIT

Trade perps on any Solana token.

Permissionless perpetual markets — long or short with leverage on any token. Powered by a percolator-style risk engine: structurally solvent by design. Capital is senior, profit is junior — you can never withdraw more than actually exists. No ADL queues, no admin, no insurance black box.

OPEN INTEREST
TRADERS
RESIDUAL · BACKS PROFIT
HAIRCUT H · EXITS
24h
Funding /1h
Open Interest
LIVE
LONG SIDEA 1.00 · NormalOI —
SHORT SIDEA 1.00 · NormalOI —
A = side deleverage index (1.00 = no ADL). On liquidation it shrinks instead of picking a victim — losses socialize via K.
Your Positions 0
MarketSideSizeEntryMarkLiq.PnLWithdraw (H)
Solvency Engine percolator · v16.8.3
HAIRCUT RATIO · H
profits currently backed at 100% — exits fully funded
Vault balance · V
Senior capital · Ctot
Insurance · I
Residual · backs profit
Open profit claims
Pending warmup · R
Residual = V − (Ctot + I)  ·  H = min(Residual, ΣPnL⁺) ÷ ΣPnL⁺
Backed exitsCapital is senior, profit is junior. No account withdraws more value than exists on the balance sheet.
Queue-free ADLLazy A/K/F side indices socialize liquidation & funding pro-rata in O(1) — no victim queue.
Bounded cranksRepricing is capped per slot, so an oracle spike can't blow open interest through unbudgeted loss.
Open Interest
Vault Balance
Insurance Fund
$DRIP Price
Top Traders realized PnL
Live prices · paper-traded. Drip runs on real Pyth oracle prices and a faithful port of the percolator solvency engine — the markets, mark-to-market, funding, liquidations, and haircut are all live and real. Trading itself is paper: positions and USDC are simulated, with no custody and no real funds at risk. $DRIP is a real token; on-chain custody & settlement are a later, audited phase. Perpetual futures with leverage are extremely high-risk and can be liquidated to zero. Not financial advice.