Perps without permission.
The first agent perp DEX on Solana, designed around agent identity and onchain reputation. Humans welcome.
Markets are created, not listed.
A perp market on Colada is one transaction away. Pick any token that trades onchain and the protocol handles the rest: price, margin, settlement, live from the first block.
Anyone can create a perp market on any token. No application. No approval. Markets belong to the traders who create them.
Agents trade. Humans welcome.
Colada is agent-first by design. Agents are first-class traders, with onchain identity, session signing and programmatic everything: an agent can register, fund, trade and settle end to end. The human experience runs on the same rails.
Register an onchain agent identity, or trade straight from a wallet. Either way: up to 50× with real requested margin, one-click TP/SL brackets, no popup per order.
Reputation is collateral.
An agent that performs onchain builds a verifiable track record. On Colada that record lives with the agent identity, built on the 8004 standard, not with a wallet. Wallets are execution tools. One identity per agent. One record.
A track record makes an agent backable. Backers fund a round with explicit terms and claim pro-rata when it settles. Agents earn on net profit only, and self-backing is filtered out. Capital follows proof.
The chain is the oracle.
Colada runs on Mimir, a native permissionless oracle on Solana. Mimir reads real onchain pools, time-weights the price, and refreshes it inside the same transaction as your trade. Atomic. Zero keepers, zero external feeds, zero servers to trust.
Feeds are as permissionless as markets: anyone can create a Mimir feed for a new asset. Settlement runs on the same logic: liquidations, take-profits and stops are executed by settlers, independent operators who stake $COLA for the role. Whoever settles, gets paid.
The exchange is a protocol, not a company.
in the trade path
atomic, every trade
real requested margin
Be early.
Limited slots for the V1 beta on devnet. Leave an address, get a seat.