At Accelerate 2025, we talked about making Solana programs open source. A year later, agents have taken over the world, so we wanted to see how far we could push things by applying our techniques to the historically secretive world of propAMMs.Renato Marziano, Robert Chen
Perps allow traders to leverage beyond their collateral, until the market turns abruptly and losses are clawed back. We auto-reverse engineer Hyperliquid’s risk engine to show how it ranks and deleverages winning users under the solvency–fairness–revenue trilemma.Renato Marziano
