In our previous discussion regarding @soon_svm, we delved into the strengths of High-Performance Perps, spotlighting an essential component: SoonCore. So, what exactly is SoonCore? ▸ Acting as the off-chain infrastructure, SoonCore operates as the matching engine layer, executing high-speed operations with latency below 10 milliseconds. ▸ It boasts an in-memory order book that matches trades in the blink of an eye, processing limit, market, and conditional orders with batch execution, and facilitating over 100,000 transactions every second. ▸ The engine keeps a vigilant eye on open positions, calculating margin demands, leverage ratios, and liquidation points in real-time, ensuring system stability even during turbulent market conditions. ▸ SoonCore aggregates market data, retains order histories, and streams updates to traders through WebSocket and API endpoints, offering complete transparency. ▸ SoonCore operates in secure enclaves with cryptographically signed communication channels, All off-chain actions are batched and settled on-chain via SoonSVM, which uses Solana's parallel execution model for concurrent smart contract runs, low costs, and secure custody. In my view, these functionalities are vital for the next-generation on-chain perps, particularly in light of the recent extensive liquidation events that have truly put both CEXs and DEXs to the test. SoonCore along with SoonSVM will bring the off-chain efficiency and on-chain trust to traders. So are you $SOON enough?
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