Solana Foundation recruits team to build on-chain perpetual contracts and derivatives applications, offering funding and technical support

On June 2nd, according to its official blog, the Solana Foundation announced that it is recruiting teams to build fully on-chain perpetual contracts, derivatives, and related trading applications, and will provide support through distribution channels, technical assistance, and funding. It is particularly looking for teams that meet the following criteria: fully on-chain execution, meaning order submission, oracle updates, matching, cancellation, and settlement all occur on-chain; competitive pricing through real price discovery, based on two-way order flow rather than pooled models; Solana-first design, with application revenue structurally flowing back to the network at the protocol level; innovation; experienced teams, meaning existing off-chain or hybrid architecture products willing to migrate to full on-chain execution; and open-source code. The foundation also welcomes teams building peripheral infrastructure and products for perpetual contracts, such as front-end integrations, vaults, structured products, aggregators, advanced trading interfaces, market-making operations, and social trading.