Open. Trade. Close.
Ponshi charges fees based on your position size (notional). Holding can add a borrow fee.
When staking goes LIVE: 50% of protocol fees go to $PONSHI stakers. More tokens + longer lock = more weight in the rewards pool.
No magic APY. Rewards depend on real platform fees. Paper fees are just practice; real rewards aren’t live yet.
some of you don’t want “UX.”
you want to open a position immediately and deal with the consequences later.
understood.
Quick LONG / Quick SHORT now lives right in the markets table.
tap it, the trade modal opens, set margin + leverage, and go be irresponsible.
$PONSHI
TESTING👀
solana:EsP4kJfKUDLfX274WoBSiiEy74Sh4tZKUCDjfULHpump LONG 1.5x · Realized PnL -0.00266 ETH (-21.80%) · PAPER on PONSHI @PonshiPerps
https://t.co/I4hYZsrhtF
no idea what happened behind $BLISS.
but the chart just wrote a 12-page whitepaper on why PONSHI exists.
-95%
Robinhood trenches need a SHORT button.
we’re building it.
quick PONSHI update
while we finish resolving the issue with the .fun domain, we’ve temporarily moved the app to:
https://t.co/oLsOnQnmXF
same PONSHI. same Paper Perps. same markets.
.fun is being fixed and we’ll bring it back once everything is clean.
for now, use https://t.co/XycQJhaHwi.
quick PONSHI update
we're currently dealing with a DNS issue affecting access to the site.
the app and infrastructure are still there this is a domain resolution problem and we're fixing it ASAP.
we'll post again as soon as access is fully restored.
appreciate the patience.
$PONSHI
Crypto's bottom may be in...thanks to RH.
But, new cycle means new rugs.😭
Wouldn't you love to SHORT the memes?📉
Check out @PonshiPerps 🪶
Trade BOTH sides of meme-mania📈
(even paper trade)
🔗https://t.co/P0ONeHdX2h
🪙0x0F8bD0349378ED454D65C5D5472b3E9a979A2C1b
PONSHI devlog
Paper Perps keep getting better.
→ you can now share your PnL as an image directly from your position
→ cleaner position tracking
→ more polish across the paper trading flow
→ more stress testing before real deployment
there’s still a lot happening behind the scenes:
matching.
risk engine.
liquidations.
RPC/indexer reliability.
real-contract preparation.
Paper Season isn’t just a demo.
it’s where we break things before real ETH does.
keep trading. keep testing. keep sending feedback.
$PONSHI
Memecoins have always been about picking a direction. @PonshiPerps is building a way to trade that direction.
Instead of simply buying a PONS token and waiting for it to pump, PONSHI brings perpetual trading to eligible PONS markets on Robinhood Chain.
That means traders can take LONG or SHORT positions on the price of a supported meme token without actually buying the underlying token.
But there’s something interesting about how PONSHI works.
The trade needs an opposite side.
PONSHI uses a matched-perps model, meaning a LONG position needs compatible SHORT exposure to match it.
So if you want to open a 1 ETH LONG but there isn’t enough SHORT demand, your position won’t simply open in full. The order waits until enough opposing demand becomes available.
This makes matching a core part of the system rather than just an invisible backend process.
And then there’s Paper Perps.
PONSHI’s Paper Season allows users to test the perpetual system using simulated collateral instead of risking real trading funds.
But the market mechanics aren’t simply fabricated for the test.
Users can still experience the matching process, leverage, PnL and liquidation mechanics while PONSHI collects real market data and observes things like:
LONG vs SHORT demand
How long positions are held
Matching/waiting times
Liquidation behavior
PnL distribution
Which markets can support perps effectively
How does the integration work?
PONSHI doesn’t automatically turn every PONS token into a perpetual market.
Markets have to meet certain conditions around market depth, volatility, price-feed quality and trading history.
PONSHI uses the market’s price data to calculate things such as position value, PnL and liquidation levels.
If the data becomes unreliable or volatility gets too extreme, the market can be restricted with conditions such as FEED UNAVAILABLE or PRICE GUARDED.
So the bigger picture is pretty interesting:
PONS creates the meme markets.
PONSHI adds a perpetual trading layer around eligible ones.
It’s essentially an attempt to bring LONGs, SHORTs and leverage into the PONS meme ecosystem, while testing the infrastructure through Paper Perps before live trading.
I’ve tested PONSHI and I can tell you that it is a very exciting project, basically made trading Perps much easier
Check out what $PONSHI is building
https://t.co/Z0OhtCzowt
Memecoins have always been about picking a direction. @PonshiPerps is building a way to trade that direction.
Instead of simply buying a PONS token and waiting for it to pump, PONSHI brings perpetual trading to eligible PONS markets on Robinhood Chain.
That means traders can take LONG or SHORT positions on the price of a supported meme token without actually buying the underlying token.
But there’s something interesting about how PONSHI works.
The trade needs an opposite side.
PONSHI uses a matched-perps model, meaning a LONG position needs compatible SHORT exposure to match it.
So if you want to open a 1 ETH LONG but there isn’t enough SHORT demand, your position won’t simply open in full. The order waits until enough opposing demand becomes available.
This makes matching a core part of the system rather than just an invisible backend process.
And then there’s Paper Perps.
PONSHI’s Paper Season allows users to test the perpetual system using simulated collateral instead of risking real trading funds.
But the market mechanics aren’t simply fabricated for the test.
Users can still experience the matching process, leverage, PnL and liquidation mechanics while PONSHI collects real market data and observes things like:
LONG vs SHORT demand
How long positions are held
Matching/waiting times
Liquidation behavior
PnL distribution
Which markets can support perps effectively
How does the integration work?
PONSHI doesn’t automatically turn every PONS token into a perpetual market.
Markets have to meet certain conditions around market depth, volatility, price-feed quality and trading history.
PONSHI uses the market’s price data to calculate things such as position value, PnL and liquidation levels.
If the data becomes unreliable or volatility gets too extreme, the market can be restricted with conditions such as FEED UNAVAILABLE or PRICE GUARDED.
So the bigger picture is pretty interesting:
PONS creates the meme markets.
PONSHI adds a perpetual trading layer around eligible ones.
It’s essentially an attempt to bring LONGs, SHORTs and leverage into the PONS meme ecosystem, while testing the infrastructure through Paper Perps before live trading.
I’ve tested PONSHI and I can tell you that it is a very exciting project, basically made trading Perps much easier
Check out what $PONSHI is building
https://t.co/Z0OhtCzowt
serious question for the PONS trenches:
if solana:3mAk9t55CSLpc1rwk9RqFzmVKmVVYaLWRLk93QoEpump had PONSHI perps live before this move…
would you have shorted it?
chart went from euphoria to archaeology real quick.
LONG the runners.
SHORT the rugs.