Bonfida Launches On-chain Perpetual Futures: Audaces Protocol

The wait is finally over. Bonfida is launching perpetual futures on Solana with the Audaces Protocol. This is a monumental step forward for Bonfida as it aspires to create a seamless and complete trading experience on Solana.

So why is the Audaces Protocol a game changer?

  • The Audaces Protocol is the first perpetual futures protocol built on Solana and it’s also the first vAMM to be built on a layer 1
  • With its atomic slot-time liquidation engine, it’s also the fastest liquidation engine ever built on-chain. It can liquidate all positions at risk as fast as a Solana block (~400ms) without having to iterate over all trading accounts
  • It’s also the first protocol to solve the imbalance between longs and shorts in the vAMM model by introducing a self-rebalancing mechanism
  • It introduces the possibility to change k without breaking path independence. This means the liquidity of a market can evolve over time, to optimize slippage depending on volume
  • Audaces protocol also leverages the power of the Pyth Network oracle that provides high resolution sub-second price feeds, aggregated over several data providers for maximum reliability
  • Like Serum, Audaces Protocol introduces a referral system to reward contributors to the ecosystem. This means that you can earn fees by hosting a UI or referring users with your Solana domain name

Are you looking for another way to get involved?

You can:

  • Host a UI or refer your friends and get 10% of the fees!
  • Run perpetual nodes to secure the protocol by cranking liquidations and updating funding rates. Nodes get rewarded with a flat fee for each transaction they crank.
  • Stake your FIDA to get 10% of the monthly buy and burn that will be airdropped on FIDA stakers..

Want to experience the difference?


Want to know more about Audaces Protocol?

Read the Whitepaper

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None of the above is financial advice.

Bonfida does not provide services to personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.

FIDA is not offered within the United States or prohibited jurisdiction.

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