Pacifica exchange profile

Pacifica is a Solana-based trading venue launched in June 2025. Its product set has expanded from perpetuals to spot, pooled vaults and separate trading applications. This profile covers that current venue and its documented account mechanics; its range is now broader than an isolated perpetual-order screen.[1]

DefiLlama’s 20 October 2026 snapshot recorded approximately US$10.48 billion of perpetual notional volume over 30 days. That is a leveraged trading measure, not cash deposited or a number of people. It supports inclusion among substantial on-chain venues, while leaving registered customers, independently measured active users and organic order-book depth unestablished.[3]

Cross margin makes eligible balances available across positions; isolated margin dedicates collateral to one position. The guide prohibits switching margin mode while a position remains open and allows increasing, but not decreasing, its selected leverage until it closes. Withdrawal capacity also retains a 10% notional initial-margin floor, which can bind even when the selected trading leverage is higher.[6]

At base rates, a hypothetical 20,000 USDC perpetual fill costs 8 USDC as taker or 3 USDC as maker. Opening and closing unchanged notional therefore costs 16 or 6 USDC respectively, before spread, funding, borrowing and withdrawals. Tiers refresh daily, and subaccounts share their master account’s volume and tier.[15]

Spot applies the same percentage schedule but deducts fees from the received asset: the purchased token on a buy and USDC on a sale. A gross purchased quantity is therefore not the final token quantity credited. Spot supports market, limit and stop instructions; its API rejects reduce-only, so a derivatives integration must not carry that flag into a spot request.[9]

Perpetual funding settles hourly. A positive rate transfers value from longs to shorts; a negative rate reverses the direction. The estimate changes with the premium before settlement. For a hypothetical 0.01% hourly payment on 20,000 USDC notional, the paying side owes 2 USDC for that hour. Repeating that amount across a day would require the rate and exposure to remain unchanged.[11]

Unified collateral introduces a separate financing cost. If account equity excluding spot becomes negative, eligible spot collateral can support an automatic USDC loan; borrowing cannot be disabled. Interest accrues each minute and is charged hourly at utilization-dependent rates. Lending can be opted out of, and the documented eligibility requires at least 1,000 USDC of balance and lendable funds. A displayed lending rate is not fixed income.[8]

Spot collateral receives an asset-specific haircut and a per-user cap; the documentation gives a default gross cap of US$10,000 per asset. Excluding an asset from unified margin stops it supporting perpetual risk without preventing spot trading. A pending sell also removes that locked quantity from collateral. Market value, usable collateral and free-to-withdraw value can therefore differ materially.[7]

The older USDC troubleshooting page describes the USDC-on-Solana route; it should not be read as an instruction to send an arbitrary token there now that separate spot deposits exist. For a USDC deposit below its minimum, that page permits a top-up to reach the threshold. Credit can take minutes during network or RPC congestion. Check the transaction on an explorer and retain its identifier before raising a missing-credit ticket.[17]

The withdrawal API returns the requested amount, deducted fee and batch identifier. Its optional idempotency key identifies one withdrawal intention; resubmitting the same identifier produces a duplicate response instead of a second request. That is useful after a timeout: reconcile the accepted request before constructing a replacement. An API acknowledgement still precedes confirmation that the destination wallet has received funds.[18]

Vault redemption is a separate step before a wallet withdrawal. Each additional deposit resets the minimum lock for the depositor’s entire share balance. A configured UTC-based withdrawal window and sufficient vault free collateral must also coincide; deployed positions can leave a redemption partially unfilled. Released USDC returns to the trading account, where the ordinary withdrawal checks still apply. Disconnecting a wallet does not redeem shares.[23]

The fund-security documentation describes a transition to a hot/cold architecture: the matching engine operates a capped hot wallet, with cold reserves, replenishment and upgrades controlled through multisignature arrangements and a timelock. Its US$5 million cap is an example, not evidence of the configured live limit. This supports a hybrid classification here. The inspection did not establish that every described migration stage or privilege setting had been deployed.[19]

BlockSec’s report dated 24 April 2025 reviews specified Rust deposit/withdrawal contracts. It describes backend-dependent operation and warns that the reviewed withdrawal authority could move vault assets without a contract-level limit. That is a finding about the audited version, not proof that later architecture is identical. Neither a wallet connection nor this dated audit establishes a present guarantee of unilateral withdrawals or the absence of privileged operators.[20]

Ordinary liquidation cancels open orders, including reduce-only instructions, and begins market reductions. The stated penalty is the greater of 0.75% and 40% of the maintenance-margin ratio. A deeper deficit can trigger backstop takeover; negative equity can lead to automatic deleveraging of opposite profitable positions. Protective orders are therefore not guaranteed to survive the liquidation process or secure a particular exit price.[10]

Vault documentation expressly says Pacifica does not vet, audit or insure third-party managers and provides no dedicated backstop for their trading losses. Exchange liquidation mechanisms protect the broader market’s functioning; they do not create an insured redemption value for a depositor’s shares.[23]

The June 2026 terms exclude the US, Canada, UK, China, Russia, Ukraine, Cuba, Iran, Venezuela, Syria, North Korea and Philippines, plus sanctioned territories or persons. Local legal-majority conditions also apply. These restrictions extend beyond the connected wallet.[4]

Pacifica’s current homepage links an Android app and labels iOS availability as coming soon. The browser remains a separate access surface. The same page promotes Neptune as an AI workspace spanning research and strategy execution; it does not establish identical feature availability or authorization prompts across every mobile and browser client.[2]

The Reown-to-Privy recovery article concerns older social-login accounts. It directs the owner to the official Reown recovery surface, authenticating through the original social identity, exporting the wallet key and reconnecting through an external wallet. Existing external-wallet users do not need this migration. A recovered signing key restores wallet control; it does not reverse trades or guarantee removal of account restrictions.[21]

Trade-history API records are paginated and can be filtered by time and market. Their fields include execution identifiers, quantity, price, fee and realized results. Preserve cursors or completed export ranges when assembling a long history, and distinguish a fill from a rejected or cancelled instruction. The inspected documentation did not establish a native certified tax statement or universal CSV export facility.[35]

Funding history is separate: it supplies the market, side, settlement amount, rate and timestamp. Combine it with fills and token transfer records to reconcile the account rather than inferring funding from the current estimate. A custom API extraction is a set of records, not a completed tax calculation.[36]

Send a formal dispute notice to [email protected] within 30 days after it arises, including contact details, its basis and the remedy sought. If unresolved 30 days after receipt, the terms specify individual SIAC arbitration: Singapore seat and law, English, one arbitrator. These are separate notice and escalation clocks, not support-response targets.[4]

The deletion guide concerns personal-data handling, not settlement of financial positions. The inspected pages did not establish an inactivity tariff or a universal post-recovery withdrawal hold. Before requesting deletion, reconcile positions, strategies and outstanding transfers; deleting access should not be treated as evidence that funds have moved back to the wallet.[22]

The 11 June 2026 terms name Panama-incorporated SkyLake Global Corp as interface provider and disclaim company operation of the protocol. That contractual allocation does not erase the privileged controls described by the engineering sources. No exchange-licence number or customer-compensation entitlement was established from this contract.[4]

The official overview dates Pacifica’s launch to June 2025 and describes a team with trading and technology backgrounds. Its present identity includes the exchange, Print, Swim, vaults and Neptune. A separately named application does not automatically mean a different regulated operator, deposit guarantee or balance segregation; the applicable product mechanics and agreement determine those relationships.[1]

Operator

SkyLake Global Corp

Exchange model

Hybrid

Service scope

Solana spot and perpetual venue with separate Print, Swim and managed-vault products.

Client types

Retail clients

Pricing publication

Public pricing

Pricing scope

Maker/taker tiers, hourly funding, USDC borrowing and asset-specific withdrawal charges.

Funding scope

Solana USDC and supported spot assets; margin, debt and time-based transfer caps apply.

Custody and asset handling

Backend-dependent trading and contract transfers; published hot/cold transition retains privileged controls.

Client eligibility

Restricted territories and persons; legal-majority requirements apply.

Support

Official community support and [email protected]; contractual SIAC escalation.

Authorisation and registration scope

Panama interface provider; no exchange licence or customer compensation established from the reviewed terms.

Exchange metadata checked 20 Oct 2026Source 1Source 5Source 4Source 19Source 16Source 15Source 37

The MCP tool catalogue includes order creation/cancellation, collateral preferences, lending settings and withdrawal operations. An AI client using those tools can change financial exposure; it is not limited to explanations. Review the exact permitted operations, account and environment before granting access. The source does not establish a universal human-confirmation gate across third-party clients.[31]

The withdrawal endpoint itself accepts an optional agent-wallet field. Accordingly, the fact that an agent cannot sign direct Solana funding must not be expanded into a claim that every withdrawal API operation is forbidden to agents. The request identifies the account; the documented fields do not establish arbitrary third-party destination authority.[18]

Agent-key binding is authorized by the account wallet and can be revoked through the API-key screen. Revoke a compromised delegation and review outstanding orders independently: stopping future authentication does not undo prior execution. The documented restoration routes do not establish a blanket guarantee of recovery after losing both the underlying wallet credential and social-account access.[32][21]

The rate limiter uses rolling 60-second credits. An unidentified caller receives 100 credits; a valid quota key starts at 300, with higher trading tiers receiving more. Master and subaccounts share the applicable allowance. A 429 response calls for rate-aware retry and reconciliation, not a new set of duplicate orders; WebSocket connections and subscriptions also have separate ceilings.[34]

Vault economics are fixed when created: manager profit share, deposit lock and withdrawal cadence cannot subsequently be edited, while trading scope can change. Creation costs the creator 10 USDC. Inspect the actual high-water-mark profit share and exit window before depositing; withdrawing shares remains subject to the vault’s free balance, not just the expiry of a calendar period.[24]

Print orders cannot be edited in place. Asking to cancel takes effect at the current cycle’s end, during which the order remains live and may still fill. A 30-day cycle cancelled on day two therefore does not immediately release capital. Once the product resolves, released funds return to the main trading balance.[27]

Points are distributed on a weekly Thursday UTC schedule, with scoring parameters that can change and anti-abuse adjustments. Treat a points balance as a programme measure, not cash available to withdraw. The public formula is not a reliable basis for predicting a fixed reward per dollar traded.[39]

Ordinary referrals award points bonuses, while approved affiliates can receive a share of specified fees or product revenue under separate rules. The programme page lists up to 40% fee sharing for qualifying spot/perpetual affiliates. A referral points bonus and a credited financial reward are different balances; eligibility, product and actual programme terms determine whether any cash is earned.[40]