Index-priced perps on Solana.
Trade SOL-PERP with leverage — USDC-margined, fully on-chain. PnL settles against a Pyth index price, with isolated margin and an insurance fund backing every market.
── How it works
Not an order book.
Not a fragile AMM.
Positions settle against a Pyth index price, not a vAMM or an order book. The protocol is the counterparty, with an isolated insurance fund backing every market.
Deposit USDC
Connect Phantom or Solflare and deposit USDC as collateral. Your free collateral lives in the market vault and can be withdrawn any time.
USDC-margined
Margin and PnL are denominated in USDC. Open a SOL-PERP long or short, pick your leverage, and the position is fully collateralized on-chain.
Index-priced
No vAMM. PnL is computed straight off the index — size × (exit − entry) / entry. The protocol is the house and pays winners from the insurance fund.
Pyth oracle
The index price comes from Pyth. A keeper pushes the latest price on-chain so marks track the real market, not a centralized server.
Insurance fund
Every market carries its own isolated insurance fund that backs trader payouts and absorbs bad debt from liquidations. Risk never spreads across markets.
Fully on-chain
Positions, margin and liquidations all settle on Solana. Anyone can read the program state and verify every number on Solana Explorer.
── Network status
Live readout
[readout] solana · devnet · pre-audit── Why Decant
Decant the signal
from the sediment.
To decant is to pour a liquid off its sediment — keeping the clear part, leaving the murk behind. That is the thesis: clean, index-priced perps on Solana, without the gatekeepers and opaque risk that muddy centralized venues.
Decant is a Solana-native perpetuals engine. Every market is isolated, every position is on-chain, and the risk math is open for anyone to verify. No admin can freeze your collateral or single you out for forced closure.
── FAQ
What you're probably wondering.
What is Decant?+
An index-priced perpetual-futures protocol on Solana. Trade SOL-PERP long or short with leverage, USDC-margined and fully on-chain. PnL settles against a Pyth index price.
How does index pricing work?+
There is no vAMM. Your PnL is computed directly from a Pyth index price — size × (exit − entry) / entry. The protocol is the counterparty (house), and payouts are backed by each market's isolated insurance fund.
Is it live with real money?+
No. Decant is currently on Solana devnet using test USDC. Public mainnet trading opens only after an external security audit. The waitlist is how you get early access.
Why is the waitlist invite-only?+
Early access is gated by referral code to keep the first cohort small and high-signal. Bring a code from an existing member, or grab one we drop on @_decantrade.
What do I need to join?+
A valid referral code, plus either a Solana wallet (Phantom, Solflare) or an email. Wallet signups sign a gas-free message to prove ownership — no transaction, no approval.
Which wallets are supported?+
Phantom and Solflare via the Solana wallet adapter. Connect on /trade to deposit USDC and open a position.