This might be the craziest new memecoin launchpad I’ve seen:
Every coin launches on @PerpsPadfun with a leveraged position on @PhoenixTrade
Trading fees grow the position and lower its liquidation price
Profits then buy back and burn the coin
$PERPSPAD, the main token has a nearly $100K SOL long backed by almost $20K in collateral and it grows as the token trades
So far:
• 114 coins launched
• $20M cumulative volume
• $53.9K in buybacks
• $13.5K paid to creators
So we've had OTC labs, Stonks, Ember and now Perpspad?
i think @PerpsPadfun is the most novel and overlooked launchpad right now and has potential to really take off
the primary token $PERPSPAD is backed by a near 100k SOL long on @PhoenixTrade and it's adding to the long as more fees are generated by the token being traded
profit from the position goes back to buying and burning the token, really novel mechanism here
almost 20k in collateral for the position right now and growing every hour
think we see something really explosive come out of this ecosystem as market conditions shift
solana:PerPsCe2SJ7Q25CN4R5TTX4fmBdmknE2hQmqCt96fHL
This is free here. PerpsPad is the only pad where volume becomes a live perp that funds itself and burns supply — $PERPSPAD is the house token sitting on a 5x SOL long that gets paid by every coin on the protocol. This is going $100M. Not a maybe. The flywheel is already on.
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