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Today — 23 July 2026Cryptocurrency
Before yesterdayCryptocurrency

Pacifica Is No Longer Just a Perp DEX

By: justKarpa
21 July 2026 at 10:32

What began as a fast trading venue is gradually turning into an interconnected trading ecosystem.

A few days ago, I posted an image with a simple caption: All roads lead back to Pacifica.

At first, it was just a visual idea.
Different roads. Different products. One destination. But the more closely I looked at what Pacifica has become, the less it felt like a metaphor.
Trade. Hold. Earn. Build. Automate. Predict.
These activities are often spread across different platforms, each requiring another deposit, another interface, and another disconnected account.
Pacifica is beginning to bring more of them into one environment.
And that changes how the platform should be understood.

It Started With Perpetuals

Pacifica built its name as a high-performance perpetual DEX on Solana.
The project was founded in January 2025 and launched its mainnet six months later. According to Pacifica’s current documentation, it has since processed more than $220 billion in cumulative perpetual volume, with approximately $1 billion in daily volume and more than $100 million in peak open interest.
Today, Pacifica supports more than 65 perpetual pairs across crypto majors, altcoins, RWAs, FX, pre-IPO assets, and other categories, with leverage of up to 50× depending on the market.
Those numbers explain how Pacifica attracted attention. But they do not fully explain where the platform is going.
The more interesting story is what has been built around the exchange itself.
Pacifica’s own documentation now describes the project as expanding from a high-performance perp venue into a broader trading ecosystem.
That distinction matters.
A perp DEX gives traders a place to open leveraged positions. An ecosystem connects multiple ways of trading, managing capital, participating, and building.
Pacifica is moving toward the second model.

The Trading Road Is Getting Wider

Perpetuals remain at the center of Pacifica, but they are no longer the only market available.
The platform now supports both perpetual and spot trading. Traders can use cross or isolated margin for perpetual positions, while eligible spot assets can contribute to a unified-margin account.
That means the relationship between spot and perps is no longer limited to switching between two separate tabs.
Pacifica combines a user’s USDC balance, unrealized PnL from cross-margin perpetual positions, pending interest, and eligible spot collateral when calculating account equity.
This creates a more connected capital structure.
A trader holding eligible spot assets may be able to use their collateral value to support perpetual positions. A long spot position combined with a short perpetual position on the same underlying can also function as a carry trade, with the two sides reflected in the same equity calculation.
The important shift is not simply that Pacifica added spot.
It is that spot and perps can work together.
That is a much bigger step than adding another market to a navigation menu.
Learn more about Pacifica’s unified margin system.

Different Ways to Participate

Not every user approaches a market in the same way.
Some want to actively trade. Some want to place a limit order and wait for their price. Some prefer to allocate capital through a Vault.
Others want a faster, more visual way to express a short-term view on price.
Pacifica is building separate experiences for these users, while keeping them inside the broader Pacifica environment.

Print allows eligible resting limit orders to earn yield while they wait for execution. The order remains a limit order and can still be filled if the market reaches its price.
Waiting for execution does not have to mean that the order remains entirely unproductive.

Vaults open another road. Instead of manually managing every position, users can allocate capital to strategies deployed and managed through Pacifica’s Vault infrastructure.

Swim takes a completely different approach. It turns short-term price movement into a live prediction game where users select price-and-time zones on a moving grid.
It may feel separate from traditional trading, but Swim draws directly from the same Pacifica trading balance used for spot and perpetuals. There is no separate Swim deposit required.
That detail reveals the larger strategy.

Pacifica is not simply placing unrelated products under one name.
It is creating different ways to interact with markets without forcing users to leave the broader platform environment.
See how Swim works.

The Road Toward Smarter Execution

There is also another layer developing around the trading interface: automation and programmatic access.
Pacifica has offered REST and WebSocket APIs from day one, giving market makers, algorithmic traders, and builders direct access to its trading infrastructure.
More recently, it introduced an MCP server that exposes the REST API as tools compatible with clients including Claude Code, OpenAI Codex, and others.
I tested this connection myself.
Through Claude Code in VS Code, I was able to connect to Pacifica, retrieve account and market data, create a limit order, cancel it, and manage open orders through natural-language instructions.
That experiment changed the way I interacted with the platform.
The trader no longer had to manually click every button. An AI client could translate instructions into actions while Pacifica remained the execution layer underneath.
Pacifica’s documentation also lists an AI Agent and World Monitor among its expanding products. Their inclusion points toward a broader focus on AI-assisted trading, monitoring, and automation, although their individual roles should be evaluated as those products develop.
AI is not replacing the trading infrastructure. It is becoming another way to access it.

Different Users, One Destination

Once these pieces are viewed together, Pacifica begins to serve several different types of users:

  • A manual trader can use spot, perps, advanced order types, and different margin modes.
  • A Vault depositor can allocate capital without manually managing every position.
  • A limit-order trader can use Print while waiting for execution.
  • A short-term predictor can participate through Swim.
  • An algorithmic trader or market maker can connect through REST and WebSocket APIs.
  • An AI-assisted trader can interact with the platform through MCP-compatible clients.
  • A builder can create products using Pacifica’s markets and infrastructure.

These users may enter through different products, but they ultimately return to the same broader platform. That is what makes the “all roads” idea more than a slogan.

More Products Do Not Automatically Create an Ecosystem

There is an important distinction here.
Adding more features does not automatically turn a platform into an ecosystem.
If every product requires completely separate funds, accounts, and workflows, the result is still a collection of isolated tools.
The real test is whether the products strengthen or connect with one another.

On Pacifica, those connections are beginning to appear:

  • Eligible spot holdings can contribute collateral value to perpetual margin.
  • Spot collateral, USDC, pending interest, and cross-perp PnL are reflected in a unified account-equity calculation.
  • Swim uses the existing Pacifica trading balance.
  • Print adds an earning mechanism to eligible resting limit orders.
  • Vaults give users another way to allocate capital through the platform.
  • APIs and MCP allow software and AI-compatible clients to access Pacifica’s infrastructure.

Each road serves a different purpose. They do not all use identical execution mechanics, but they are becoming parts of the same expanding platform.

Pacifica Is Becoming the Destination

Pacifica began as a road to perpetual trading.
Today, perpetual trading is becoming only one of the roads inside Pacifica.
The platform is still evolving, and not every user will need every product. A professional trader, a Vault depositor, a builder, and someone playing Swim may have completely different goals.
They do not need identical experiences.
They need infrastructure that allows different experiences to exist without forcing every user to start from zero on another platform.
That appears to be the direction Pacifica is taking. Not one interface for one kind of trader. But multiple ways to trade, allocate capital, build, automate, and participate, connected through one expanding ecosystem.
Maybe that is why the caption now feels less like a metaphor.
All roads really do lead back to Pacifica.


Pacifica Is No Longer Just a Perp DEX was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Verifiable DeFi Is Catching On. Case Studies: Robin Markets, Tradable.

21 July 2026 at 09:55

Confidential decentralized finance (DeFi) has always been one of the best use cases for Oasis’s privacy stack. The industry’s first and only production-ready confidential EVM, Sapphire, was, however, only half the solution for trustless applications to ensure user data is sovereign and secured by default.

On-chain runtime can only take you so far, especially when processing huge datasets or sensitive information is concerned. Oasis has crossed that hurdle now with runtime off-chain logic ROFL in production. This framework runs off-chain compute inside a Trusted Execution Environment (TEE) before handing over the result to Sapphire for on-chain storage and finalization.

As Sapphire and ROFL enable verifiable privacy at scale, thereby counteracting the trust bottleneck, several projects have aligned themselves with Oasis to integrate this privacy layer for their products. Here, I will outline two examples that offer a glimpse into the future where confidential DeFi unfolds as verifiable private DeFi of tomorrow, uplifting user experience.

Robin Markets & verifiable yield with trustless oracle

Prediction markets are an interesting spin-off of the DeFi space, and Polymarket is undeniably one of the biggest players. Here, users can bet on real-world scenarios and outcomes, from elections to sports to just anything that involves Yes/No decisions. They can buy YES or NO tokens that are essentially tokenised positions in the market. The potentially lucrative returns attract not only crypto-native but also mainstream users, and at any given time, hundreds of millions in positions are open.

Funds locked with idle positions

The prediction market sounds fun and simple to engage with but has an inherent problem. When a user buys those YES or NO tokens, the time taken to resolve the position may range from a few hours to a few days to a few months. And until resolution, the funds are locked in the position, sitting idle, and with zero benefit to the asset owner.

Robin Markets proposes to solve this inefficient situation.

Users can trade and stake the YES or NO tokens, and earn passive income. It works like this.

  • Robin Markets pairs the YES and NO tokens
  • Then finds a YES staker and a NO staker on the same market
  • Next pulls the underlying USDC collateral from Polymarket
  • Finally routes it into viable DeFi yield strategies

With this scenario, both the YES and NO stakers stay in the market with their open positions untouched, while the collateral helps earn them APY.

Yield distribution mechanism

Users earning from idle positions is good news, but the yield distribution scenario is challenging. At the resolution point, one position wins, and the other loses. But the yield accumulated during the lifecycle of the positions is not equivalent for the opposing parties, representing variable risks.

It is improbable that the YES and NO stakers split the risk and the position 50:50, so the yield payout also cannot be an even distribution. Splitting the yield at the final resolved price is also inaccurate, as it will nullify the changing positions during the lifecycle of the staking period.

Time-weighted average, or TWAP, is used to solve this dilemma. This mechanism tracks the average price of both the YES and NO positions during the lifecycle of the staking period before calculating yield distribution. Robin Markets has a trustless oracle server to access the price history from Polymarket. It then uses TWAP to process the yield calculation, and signs the results on-chain. Any update on the yield in the staking vault only applies when a valid signature is verified from the oracle.

Oasis role

The trustless oracle runs on ROFL, executing the whole process of price fetching, TWAP computation, and result sign-off inside a secure enclave. No part of the process is visible, accessible, or modifiable by Robin Markets or any third parties. Also, since on-chain verification of signature must accompany any update, it ensures the oracle data remains in sync with the current chain state.

The verifiable-by-design computation and tamper-proof oracle reports ensure there are no trust gaps in the mechanism, letting users avail a first for yield on locked prediction-market positions.

Tradable & verifiable market intelligence

DeFi is the go-to web3 use case for many, but the market reality of retail traders versus institutions and professional traders shows a huge and unfair gap. While institutions benefit from reading and interpreting on-chain flows, liquidity conditions, and real-time market sentiments, professional traders have access to high-grade tools, automations, and data analysis and insights.

The Tradable platform and its SenseAI tool help plug this imbalance. With automated trading enabled and a personalised AI portfolio assistant to help, users other than traditional heavy hitters can also make the most of the market opportunities.

As an autonomous agent, SenseAI reads the market 24x7, bringing institutional feeds and insights to retail. It involves simultaneous access to three layers.

  • Macro structures like dominance trends and ETF flows
  • Network health like wallet data and capital inflows/ outflows
  • Market sentiment like fear/ greed cycles, narrative buildup, and trajectory

With institutional-grade intelligence on their fingertips, average users can use the opportunity to translate market trends and signals into potentially high-return crypto portfolios.

The mechanics of SenseAI

SenseAI, as a market intelligence tool, differs from most similar solutions that produce information overload by dumping too much raw data, with users unable to decide how to interpret the signals or what to do next. Instead, it runs a process that combines reasoned output from strategy, research, and analysis.

As a result, SenseAI is involved in context building to decide what matters and when, data access and processing, and using all this to analyse signals and infer the best foot forward. Two key components of the process are divergence and confluence.

Divergence is where the tool can flag the fragility of a network even when the price pumps and no apparent weakness is visible or predicted by price action. Confluence is where the tool can read signal over narrative so that liquidity and on-chain activity expansion is validated as real strength rather than mere hype.

Every insight is encrypted, verified, and paid on-chain, yet the whole process feels like a normal web request.

Oasis role

Market analysis, especially using autonomous agents, needs integrity, and that trust must be earned. The mechanism should be tamper-proof, and there should also be no bias for or against any crypto assets. Running inside ROFL, SenseAI ensures confidential compute on the Tradable virtual chain on Aurora. With remote attestation securing the tool’s mechanism, it is safe from any manipulation by the operator, and the user prompts also stay confidential.

Like any other AI tool, memory is the eternal pain point. As user interactions grow, memory also grows, branches, and needs constant access for context. The storage problem is solved by putting the entire memory, comprising messages and context, in an encrypted file on Autonomys Auto Drive. So, the confidential on-chain smart contract gatekeeps and proves any conversation that happens; Auto Drive stores the conversation content, and only the user, holding the keys, can access and read it.

Currently, SenseAI is in testnet mode, where usage by the community provides the information layer for the tool. After mainnet rollout on Aurora and enabling of live token payments, it will be integrated into the Tradable platform as the verifiable market intelligence for individual traders.

Final words

Robin Markets and Tradable’s SenseAI showcase how next-gen confidential DeFi evolves alongside AI agents. Integrating Oasis’s tech stack like ROFL underlines the value of off-chain compute and verifiable privacy.

What is your take on these projects? Let’s hit the comments section.
Also, explore Oasis’s in-house private DeFi solution, Privana, or how the protocol can help build and deploy verifiable agents.

Originally published at https://dev.to on July 21, 2026.


Verifiable DeFi Is Catching On. Case Studies: Robin Markets, Tradable. was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered by Spark

7 July 2026 at 15:49

Bitcoin Magazine

Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered by Spark

Polymarket, the crypto-native prediction market, has begun supporting instant Bitcoin deposits over the Lightning Network. The feature uses infrastructure from Spark, a Bitcoin protocol built for payments and stablecoins. 

In a post on X, Spark told users they can deposit BTC to the platform with more speed and more privacy than the older method offered.

The move extends a funding push that started in October 2025, when Polymarket switched on standard on-chain Bitcoin deposits. Those deposits carried a wait: most on-chain Bitcoin transactions need three to six confirmations, a window of 10 to 60 minutes, before a platform credits an account. 

The on-chain route carried a higher minimum deposit, a reflection of bridging costs. For a trader who wants a position on a live market, both the delay and the fee are a cost.

Lightning and Spark close the gap. Spark validates a Bitcoin transaction at the moment it broadcasts, checking for double-spend risk, fee adequacy, and replace-by-fee flags. 

JUST IN: The world's largest predictions market Polymarket now accepts Bitcoin Lightning deposits! ⚡🙌 pic.twitter.com/CxOObnbyJ2

— Bitcoin Magazine (@BitcoinMagazine) July 7, 2026

The protocol credits the deposit in under a second and absorbs the confirmation risk, a design Spark markets as zero-conf. 

Polymarket does not have to manage confirmation thresholds or run its own Lightning nodes; a single Spark SDK handles on-chain, Lightning, and stablecoin rails.

Spark keeps deposits self-custodial. Each wallet ties to the user’s own keys, so the protocol, not Polymarket, carries the operational load, and users retain control of funds until a trade. 

Spark counts wallet providers such as Breez, Xverse, and Cake among the teams building on the same rails, and Tether chief Paolo Ardoino has praised the protocol as a route to programmable Bitcoin over Lightning.

Polymarket’s boom over the years

Timing matters for a company in a growth phase. 

Founded in 2020, Polymarket rose to prominence during the 2024 U.S. presidential election and has added Chainlink oracles, earnings markets, and a fresh contest with regulated rival Kalshi. 

Faster, cheaper funding lowers the barrier for the Bitcoin holders who make up a large share of the crypto audience, and it hands Polymarket a fresh answer to a rival that has pressed it on volume.

This post Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered by Spark first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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