{"repo":"GuiBibeau/phoenix-private-prop-mm","free":true,"listed":false,"github":"https://github.com/GuiBibeau/phoenix-private-prop-mm","clone":"git clone https://github.com/GuiBibeau/phoenix-private-prop-mm.git","description":"Experiment: privacy-preserving capital intake (MagicBlock-style PERs) + program-owned market making on Phoenix Perps. Pinocchio vault with PDA trader authority, validated against the real mainnet binaries on Surfpool — zero funded transactions.","language":"Rust","stars":10,"topics":["defi","magicblock","market-making","phoenix","pinocchio","solana","surfpool"],"license":"MIT","category":"blockchain-web3","readme_excerpt":"Private Prop MM Vault for Phoenix An experiment in Solana composability: private capital intake through MagicBlock, public perp liquidity on Phoenix, glued together by a Pinocchio program that owns the money — validated end-to-end against the real mainnet binaries with zero funded transactions. ⚠️ This is a research prototype, not a product. Unaudited, never deployed with real funds, not investment advice. It exists to demonstrate what these protocols can do when composed — and to document, with passing tests, exactly where the trust boundaries sit. The experiment Can you run a prop-style market-making vault where: 1. depositors fund it privately — deposits route through a MagicBlock-style private-payment rail into aggregate batches, with individual receipts held as non-transferable entries in a PER-compatible ledger program (no public wallet→share link, no LP token); 2. a program, not a person, owns the capital — the vault's Pinocchio program is the Phoenix trader-account authority (a PDA), and a separate non-withdrawing PDA is the delegated position authority : the strategy can quote but structurally cannot move collateral; 3. the strategy stays private — only a 128-byte signed QuoteProposal reaches the chain; fair-value models, curves, and toxicity state stay off-chain, while on-chain guards (oracle band, inventory, margin, drawdown) bound what any proposal can do; 4. liquidity is public — real post-only FIFO orders on Phoenix Perps, placed by CPI through the official Rise","default_branch":null,"files":null,"tree":[],"storefront":"/r/GuiBibeau","claimed":false,"request_supported":{"post":"https://gitbuyer.com/r/GuiBibeau/phoenix-private-prop-mm/request-supported","requests":0},"note":"indexed from public GitHub; nothing is for sale on this page. Clone it from GitHub. Paid listings live at /search."}