Every swap funds the position
Every trade on pump.fun pays a creator fee, and here the coin is its own creator. Half of every claim becomes margin on the position it owns, so the more it trades, the more size it carries.
Learn more →
PerpadLaunch a Coin.It Holds a Perp.
Every coin launched here owns a leveraged position on a real Phoenix market, funded by its own trading fees, on Solana.
- SolanaSOL
- BitcoinBTC
- NvidiaNVDA
- GoldGOLD
How it works
Every coin you launch holds a real perp, so its fees stop being somebody else's income.
Every launch gets a sub wallet that holds a leveraged position. Swap fees fund the margin, realized profit buys the coin back and burns it, and a drawdown only tops the margin up.
Fees
Position
It opens at twenty dollars
A coin opens its position once it has earned $20 in fees, around $7k of volume. Every claim after that adds another $20 of margin, up to 25x.
Learn more →Take profit
Profit buys the coin back
At +50% on collateral the crank closes a quarter of the position. Three quarters of that profit buys the coin back on pump.fun and burns it, the rest funds the treasury.
Learn more →Drawdown
A loss never closes it
Nothing in the protocol can market sell the position. A drawdown only adds margin, and the position stays open after graduation, so it is never unwound.
Learn more →- 25xleverage a coin can carry
- 50%of every fee claim becomes margin
- 15 secbetween crank ticks, around the clock
- 75%of realized profit is bought back and burned
Live markets
Any Phoenix market, real leverage, funded by fees.
Every market listed here can back a coin. Prices refresh every minute, and a position is opened against the market its creator picked at launch.
Now trading—
SOLSolana—
BTCBitcoin—
ETHEthereum—
NVDANVIDIA—
TSLATesla—
SPYS&P 500 ETF—
GOLDGold—
SPCXSpaceX—
Who it's for
Built for everyone on the tape.
Whether you launch a coin, trade one, or just hold it, the same three rules apply. Read them once and you know the whole protocol.
Creators
Pick a market and a size
Choose any Phoenix market, long or short, up to 25x, then keep 15% of every fee your coin ever earns.
Learn more →Traders
Every trade adds margin
Your fee is not a tax that disappears. Half of it becomes size on the position your coin is carrying.
Learn more →Holders
Profit shrinks the supply
Every take profit buys the coin back on pump.fun and burns what it bought. Nothing is paid out.
Learn more →The rules
Three rules. Nothing to trust, everything to verify.
Every claim, every top up and every burn is public on Solana. Open the burn feed and check the receipts yourself.
The fee rule
Half of every fee your coin earns becomes margin on the position it owns. That is the whole protocol.
50%of every claim routed to margin, for as long as the coin trades
Read the docs →The burn rule
Realized profit is never paid out. It buys the coin back on pump.fun and burns what it bought.
75%of every take profit, bought back and burned
Read the docs →The loss rule
No stop loss exists in the contract. A position underwater only gets more margin, and it stays open after graduation.
0ways for the protocol to close a position at a loss
Read the docs →Launch a coin
Give every coin something to hold.
Connect Phantom, Solflare, Backpack, or any Solana wallet. Pick a market, pick a size, and your coin opens its position as soon as it has earned $20 in fees.