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Solana co-founder says Drift Protocol’s loss-sharing approach inspired work on Percolator

The post says Solana co-founder Anatoly Yakovenko pointed to Drift Protocol’s handling of the "10/10 event" and suggested a small core engineering team could take the project forward.

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Summary

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Terms & Concepts
  • socialized losses: A mechanism that spreads trading losses across participants when an exchange or protocol cannot fully cover a deficit.
  • ADL (auto-deleveraging): A risk-management system that automatically reduces traders’ positions to handle losses when liquidation resources are insufficient.
  • core engineering team: A small group of developers responsible for building and maintaining a protocol’s main technical infrastructure.