Been thinking about this for weeks, so here's the actual thesis behind $RIP.
Every single day, thousands of coins launch on Solana. Almost all of them die. That's not a bug, it's the whole game. Pumpfun alone has minted millions of tokens, and the graveyard only gets bigger.
Which means there's one market in crypto that never runs out of inventory: dead bags.
Everyone has them. You aped, it bled, and now it sits in your wallet doing nothing. Selling it is pointless; the pool's too thin and the amount's too small to care. So it just rots.
@ripmarkets gives those bags a job.
You deposit your dead coin. It goes into a pack with a bunch of other bags. Someone pays SOL to pull a pack. Randomness is VRF, so nobody picks what's inside, not even us. If your bag gets pulled, you get paid its value in SOL. The puller gets a handful of real coins at real on-chain prices, then sells them back instantly or keeps the ones they think might wake up.
Your worst trade turns into exit liquidity. Their pull is a lottery ticket on the graveyard. The protocol takes a cut, and that cut buys back $RIP.
The first buyback already happened: ~1M $RIP bought and burned, on-chain. Look it up.
It's not just pump coins either. Bonkfun, Raydium, StonkFun, coins paired with stocks, USDC, PUMP. We went through every venue and pair we could find, and it covers almost everything people actually trade. It's also built to refuse the stuff that would rug a pack: live mint authority, unlocked LP, sketchy token extensions.
The more coins die, the more bags there are to pull. The more pulls, the more $RIP gets bought. The trenches feed the machine.
Loss-to-earn. 🪦
https://t.co/mR7lntJMBk
CA: pbpH2DT83TLa7vw7jCtqgtSiPGB6HJHHp4PWgwbpump
Rest In Pull is just getting started.
Every coin on pumpfun, bonkfun, Raydium and StonkFun is a potential deposit. That's millions of bags, and the trenches add thousands more every day.
The machine is built. Now we scale it.
More pairs. More packs. More buybacks.
@ripmarkets
RIP is the natural progression of speculative gambling meets gacha
every day, thousands of bags go minus 90 to 99%
What do we do with these bags? We sell them, dust them, maybe we simply never look at them again… now?
You can earn yield on your rugged bags.
Only at https://t.co/mR7lntJMBk
As of now I have seeded approximately 26 sol of initial gacha liquidity, and will be adding more if required (it shouldn't be the system is designed to accrue liquidity) & we have a lot of big plans.
EVM integration will be live & we will be adding more expensive packs for our whales, within the week.
We are just getting started.
$RIP
Been working on RIP for a couple of weeks now & I think we can do a lot with the concept.
How many times have you had a meme coin bag you couldn't even look at anymore it was down so bad?
Well stop looking at it, and start depositing in our protocol, earn yield on your dead bags & maybe make it all back!
Building for the trenches.
Your dead bags have one job left
https://t.co/PJwCIz0ik6 is live: deposit the coins you're stuck in, they go into packs, degens pull them, you get paid in SOL
Gacha for dead memecoins. Provably fair, on-chain, on Solana
Rest In Pull 🪦