Phi

the first perpetual futures exchange for memecoins.

up to 5x leverage, long or short

[Phi @phidottrade]

https://t.co/b4wBgdc4KC

[Phi @phidottrade]

@ChickenPlatey we are still building

and trading is occuring every hour on https://t.co/JJ2y0CDaOW

[Phi @phidottrade]

phi, 12 hours in.

$2.1M in $PHI volume across 34,000+ trades.

142 SOL in $PHI creator fees, every lamport paid into the vault.

The vault: 4.94 → 136.7 SOL.
The largest trade it backs: 0.99 → 27.3 SOL.
29 positions opened on phi by 15 traders, 65 SOL of volume, longs and shorts across six memecoins. Zero liquidations.

15.5 SOL bought back and burned: 10.5M $PHI gone for good.

The more $PHI trades, the deeper phi gets.

https://t.co/h4YhRyTei4

[Phi @phidottrade]

$PHI buybacks are live.

Every hour, 97% of phi's realised profit against traders buys $PHI on the open market and burns it. Burned for good, and $PHI's supply drops on-chain every time.

To start it off, we bought and burned 15 SOL of $PHI straight from the vault.

10.5M $PHI burned so far, 1.05% of supply.

Every buyback and every burn, with its transaction: https://t.co/mXgpiBmSL4

[Phi @phidottrade]

the program has been live on mainnet since sep 27: https://t.co/57YDcoATbB

98 SOL in the desk, 5 open positions, 1,000+ transactions. every rule described is enforced by that deployed code today.

it is upgradeable, and we say so on the site. that's the one honest caveat, not "no program".

[Phi @phidottrade]

phi's leaderboard is live: https://t.co/ayVhsz82ZG

Every trader, ranked live. Closed trades and open positions, marked to each coin's pool, every one verifiable on-chain.

Longs and shorts across $CATE, $PAID and $TripleT.

Up to 5x.

The top spot is open. Come take it.

[Phi @phidottrade]

https://t.co/JJ2y0CDaOW

[Phi @phidottrade]

this is the phi program. every trade, payout and fee on phi runs through it.

https://t.co/807zQ3clRZ

no server holds your funds and no oracle sets your price. this thread walks through what it does.

[Phi @phidottrade]

the program is upgradeable, and we state that openly while phi is being built. every rule described here is the one running today, and it can be read on-chain.

it passed 43 program tests and 29 sabotage runs before reaching mainnet.

[Phi @phidottrade]

@mitudes_32 give your ai our contract. let it verify it urself https://t.co/807zQ3clRZ

will do a thread detailing phi mechanics now.

[Phi @phidottrade]

didn't update our faq because we were setting up buybcks and burns for $PHI.

if u want to dm us or continue this thread here go ahead.

you can't fake the blockchain.

here is our contract: https://t.co/Eu5i7wM5Hk

will do a thread explaining exactly how it works, and how its built to scale to 10000 SOL +

[Phi @phidottrade]

Every trade on phi has two sides: the trader, and the vault.

When a trader wins, the vault pays them. When they lose, the vault keeps their stake.

From today, 97% of the vault's profit buys $PHI on the open market and burns it.

Every buyback, on-chain: https://t.co/mdxSgBnKmn