Guide

🦞 What is Clawolator?

Clawolator is a permissionless perpetual futures protocol on Solana. Anyone can create a leveraged trading market for any SPL token in under 60 seconds — no governance, no gatekeepers, no permission required.

📝 Creating a Market

1. Connect your Solana wallet (Phantom, Solflare, etc.)
2. Enter the SPL token mint address you want to create a market for
3. Select an oracle type (Pyth or Switchboard recommended)
4. Set your max leverage (1-100x)
5. Choose a funding rate interval (1h, 8h, or 24h)
6. Deposit initial insurance fund (minimum 0.1 SOL)
7. Click "Deploy Market" and approve the transaction

📈 Trading

Once markets exist, you can open long or short positions with leverage:

• Long: Profit when the price goes up
• Short: Profit when the price goes down
• Leverage: Multiply your exposure (and risk)
• Funding Rate: Periodic payments between longs and shorts

🛡️ Insurance Fund

Every market has its own insurance fund to cover liquidation shortfalls. When a position is liquidated and the remaining collateral can't cover the loss, the insurance fund steps in. If the insurance fund is depleted, losses are socialized across profitable positions.