# Introduction

Precolator is a permissionless DEX on Solana built around one sharp idea.

Launch a token.

Get a perpetual market instantly.

There is no listing committee.

There is no manual market request.

There is no delay between attention and derivatives access.

Every supported launch can become a live perp market with USDC collateral.

{% hint style="info" %}
Precolator is currently live on Solana Devnet.

Transactions are real.

The assets are testnet assets.
{% endhint %}

### What Precolator is

Precolator combines two products that usually live apart.

* a token launch flow,
* a leveraged perp venue,
* a USDC-backed insurance layer.

That combination closes the gap between launch and price discovery.

It also closes the gap between spot attention and hedgeable exposure.

### Why it exists

New tokens move first.

Derivative venues move later.

That delay creates broken market structure.

Creators launch without instant derivative discovery.

Traders cannot short early.

Liquidity gets fragmented across tools and timing.

Precolator fixes that by making the perp market part of the launch itself.

### The product loop

{% stepper %}
{% step %}

### Launch or import a token

Create a new token through the integrated flow.

Or use an existing mint on Solana Devnet.
{% endstep %}

{% step %}

### Bring the market online

Precolator configures the perp market around that asset.

The market becomes tradeable with USDC collateral.
{% endstep %}

{% step %}

### Trade, stake, and monitor

Traders open long or short exposure.

Stakers back the insurance fund.

The protocol adapts risk as activity grows.
{% endstep %}
{% endstepper %}

### Product principles

#### Permissionless by default

Listings are not curated.

The system is designed for open market creation.

#### USDC-only collateral

Collateral, fees, and payouts stay in USDC.

That keeps accounting clean and risk easier to read.

#### Principal-preserving risk design

The Percolator model protects the insurance base first.

Profits flow out when health allows it.

#### Real activity on Solana

Wallet signatures, memo transactions, and token actions happen on-chain.

That gives the product a verifiable execution trail.

{% code title="Precolator system loop" overflow="wrap" %}

```
Token launch or existing mint
        -> perp market creation
        -> traders open long/short with USDC
        -> taker fees strengthen the fund
        -> stakers earn yield from activity
        -> risk engine adapts to market stress
```

{% endcode %}

### Docs map

Start with the section that matches your goal.

* [Product Foundations](https://docs.precolator.xyz/product-foundations) — understand the model, the market gap, and the Percolator design.
* [Trading & Markets](https://docs.precolator.xyz/trading-and-markets) — launch tokens, browse markets, and manage positions.
* [Staking & Protocol Risk](https://docs.precolator.xyz/staking-and-protocol-risk) — learn how the insurance fund, fee flow, and safeguards work.
* [Architecture & Developers](https://docs.precolator.xyz/architecture-and-developers) — inspect the stack, data flow, APIs, and roadmap.
* [Community, FAQ and Legal](https://docs.precolator.xyz/community-faq-and-legal) — find official links, support paths, and common answers.

### Start here

If you are new, read [What Precolator Solves](https://docs.precolator.xyz/product-foundations/what-precolator-solves).

If you want to launch, go to [Launch a Token](https://docs.precolator.xyz/trading-and-markets/launch-a-token).

If you want to trade, open [Trade and Manage Positions](https://docs.precolator.xyz/trading-and-markets/trade-and-manage-positions).


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