The Solana Foundation has announced a recruitment drive for teams to develop fully on-chain perpetual contracts and derivatives applications. The initiative, reported by PANews on June 2nd, aims to provide selected teams with funding, technical support, and distribution channels. The foundation is looking for teams that can execute all trading operations on-chain, offer competitive pricing through true price discovery, and design applications that integrate deeply with the Solana network. Additionally, the foundation encourages innovation and seeks experienced teams ready to transition from off-chain or hybrid models to fully on-chain solutions. The foundation is also interested in teams developing infrastructure and products related to perpetual contracts, such as front-end integrations, vaults, structured products, aggregators, advanced trading interfaces, market-making operations, and social trading platforms. This initiative underscores Solana's commitment to expanding its ecosystem and enhancing its blockchain's capabilities in the derivatives market.