The Agentic L1
Somnia Foundation
Joined February 2024
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Speed unlocks better DeFi experiences.
And we’re about to turn things up a notch.
Fast apps start with fast blocks
Among L1s, the quickest chains produce blocks up to 167x faster than the slowest. Milliseconds versus seconds is a gap users feel every day.
See who has the fastest and smoothest UX right now 👇
📊 chainspect.app/dashboard?sor…
The $3,000 dreamDEX Perps Builder Bounty kicks off today.
Build something new, find bugs and help improve the infrastructure powering perpetuals on @dreamDEXSomnia.
Full details below 🔽
We need backup.
Introducing the Perps Builder Bounty in collaboration with @Somnia_Network.
$3,000 up for grabs with two ways in:
1. Break it
Hammer our Perps API and SDK. Find bugs, broken docs, missing features. Send a clean repro. Every accepted report earns a bounty.
2. Build on it
Trading bots, AI agents, trader tools. Ship a Perps MVP. Our three favourites take home $500 each.
October 19 - November 1.
Request access in Discord or Telegram.
Full details below.
Somnia Reactivity now has over 6,500 subscriptions on mainnet, with recorded reactions executing in the same block as the events that triggered them.
But getting here was far from straightforward.
Be on the lookout as we’re soon pulling back the curtain on Reactivity: why we built it, the engineering challenges we underestimated, what went wrong along the way, and what it could unlock for DeFi.
Turn on your notifications.
USDso is designed to keep yield flowing within the Somnia ecosystem.
As we look to bring onboard more DeFi applications, our goal is to capture that yield and direct it towards eligible protocols, helping them incentivise users and drive growth.
Here’s how our approach differs from traditional stablecoins.
Learn more about USDso: somnia.network/usdso-stablec…
Get USDso: app.dreamdex.io/trade/spot/S…
USDso is issued by Frax, and no Somnia entity backs or guarantees it. Holding USDso does not entitle you to reserve yield. For information only, not financial advice. Details and risks at somnia.network/usdso-stablec….
Good luck to all the traders competing for their share of $15,000 in @dreamDEXSomnia Perps Arena.
This also marks an important milestone for Somnia Markets as traders get their first public hands-on experience with the low-latency trading infrastructure we’ve been building.
We’ll be sharing more on the results and performance as the competition progresses.
Q4’s hottest paper trading competition is LIVE 🔥
Thousands of traders globally have signed up.
$15,000 in real prizes. No deposit. Zero trading capital at risk.
Join anytime. The leaderboards reset every Monday.
See you in the arena 👇
Blockchains rely on deterministic execution. Bringing external data and AI into that environment means validators need a way to agree on the results.
Somnia Agents allow smart contracts to access external data and run AI inference, with validators independently executing the agents and reaching consensus on the results.
Great breakdown from @luganodes on how it all works under the hood 👇
1/
Smart contracts are deterministic. That's their strength and their limit since on their own they can't call an API, read a web page, or run an AI model.
@Somnia_Network built Somnia Agents to close that gap. A thread on how Somnia validators run them 🧵👇
There’s some cool stuff our team has built that we haven’t shared publicly yet.
That changes today.
Over the coming weeks, we’re opening up what’s happening behind the scenes at Somnia, the tech, the thinking behind it, the breakthroughs, and the bottlenecks along the way.
No polished success stories. Just what we’re actually building and learning.
First up: Somnia Markets 🧵
6/7
And we’re not finished.
The next step is bigger than one exchange.
We’re working towards making Somnia Markets, Somnia Tokyo (More on this soon) and the underlying Somnia L1 infrastructure that a much wider range of financial applications can build on.
The two things we’ll keep pushing?
⬆️ Throughput
⬇️ Latency
7/7
The bigger question we’re trying to answer is simple:
How much of the financial infrastructure that historically couldn’t practically exist onchain can we bring onchain?
We don’t have the final answer yet.
But the progress we’re making across throughput and latency gives us a pretty interesting place to keep pushing from.
Give us your best guess at the number of orders Somnia Markets can execute a second 👇
Somnia Markets is one of our key primitives. And you probably have no clue what it is.
The same goes for a lot of what we’re building behind the scenes.
Tomorrow, we’re opening things up with a new Build in Public series, sharing what we’re building, how it all fits together, and what we’re learning along the way.
The goal is simple: to be more transparent with the community.
Stay tuned.
We’ve been pushing fully onchain trading infrastructure to new levels of performance.
Now it’s time to get it into traders’ hands.
@dreamDEXSomnia Perps Arena is your first chance to put it to the test with $15,000 up for grabs.
Join Perps Arena 👇
Introducing Perps Arena.
$15,000 in prizes. Four weeks. Paper trading competition.
The fastest fully onchain DEX. Be the first to trade Perps on dreamDEX.
Oct 12 - Nov 9.
No deposit. No capital at risk.
Another way to put your assets to work on Somnia. Earn yield on idle assets, or use them as collateral when you need liquidity.
See what’s available ⬇️
Lending and borrowing are now live on dreamDEX.
Put idle assets to work between trades, or borrow against them when you need liquidity.
Markets provided by @somnialend
