Solana Foundation Seeks Teams for On-Chain Derivatives Development

The Solana Foundation has announced its search for teams to develop fully on-chain perpetual contracts, derivatives, and related trading applications. According to Odaily, the foundation plans to support these teams through distribution channels, technical assistance, and funding. The foundation is specifically looking for teams that meet certain criteria, including on-chain processes for order submission, oracle updates, matching, cancellation, and settlement. They aim for competitive pricing through real price discovery based on bidirectional order flow rather than a pooled model. The projects should prioritize Solana design, ensuring application revenue structurally flows back to the network at the protocol level. Additionally, the foundation seeks innovative projects and encourages existing off-chain or hybrid architecture products to migrate to fully on-chain execution with open-source code. The Solana Foundation also invites teams to develop surrounding infrastructure and products for perpetual contracts, such as front-end integration, vaults, structured products, aggregators, advanced trading interfaces, market-making operations, and social trading.