Ritik Kumar

I handle growth for Privora, a perps exchange on Solana where the order book is public while positions and liquidation levels stay hidden.

right now we re on devnet, and what I m after is simple: the first real orders from traders, and honest feedback on what feels off. the launch here is scheduled, and I m using the weeks before it to learn from people who actually trade perps.

I come from the growth side, so I m usually the one asking questions about how traders find tools, what makes them trust a new venue, and what makes them leave.

if you trade perps or build on Solana, say hi. I d love to hear what you d want to see before trusting a new exchange with your orders.

you open a perp on a public chain and your wallet, your size and basically your liquidation price are there for anyone to look at. it just comes with the deal.

some people shrug at that, some hate it, and I honestly can t tell which side is bigger.

we re building Privora around this on Solana, devnet only so far. the order book is public, while who holds what and where they get liquidated stays hidden. deposits and withdrawals can still be linked to a wallet, so I d call it private positions, and I d stop short of calling it fully private.

have you ever changed how you trade because someone could see you? or is it a non-issue and I m solving something nobody feels?

Hey everyone, Ritik here from the Privora team.

I started paying attention to this after reading a Binance News post that listed one trader's size, leverage and liquidation price. 47,000 people had read it. On most on-chain perp venues, your size, leverage and liquidation price are readable by anyone.
Privora keeps the order book and trades public, and keeps your position, collateral, leverage and liquidation level hidden from the public chain.

Before we launch here, I'd like honest input on two things:

1. If you trade perps, does position visibility actually change how you size or where you trade? Or is it something only large traders care about?