will

[will @will8bit]

Imagine perp capital flowing into the trenches through Purp markets.

Traders agree on what major markets go up or down by buying the correct coins.

Profits are used to pay holders or burn the coin.

Ceilings are now higher.

[will @will8bit]

@buypurps (not the main update i've been talking about)

[will @will8bit]

Month 1. Only across 200 coins. The bridge between perps and memes.

[Purps @buypurps]

On Purps, a coin's fees don't go to a wallet or a simple airdrop. They go into trades on Hyperliquid.

Those trades are up over $58,000.

That's money pulled out of the perp markets and into memecoins. Not from the holders. From the other side of the trade.

[Purps @buypurps]

Purps API v2 is live.

Launch a coin on Purps, Pump or Pons with one request. You get back unsigned transactions, you sign, it's live. Point the coin's fees at a strategy in the same call and we run it.

Building with an agent? Hand it https://t.co/RaBM4o5k9x

[Purps @buypurps]

In the last 5 days we've spent $19,000 to burn 1.89% of the supply.

91% of it came from perp profits on the $PURPS strategy. The other 9% was from platform revenue.

[will @will8bit]

@buypurps We've ONLY had 20 launches in the last 5 days - let that sink in

[Purps @buypurps]

Since we introduced holder payouts, we've airdropped over $100,000 to 5,000+ wallets.

[Purps @buypurps]

Fast-paced markets are here!

Now supporting up to 100x leverage on selected markets. Full list below.

Supplied by @OrderlyNetwork

[will @will8bit]

Seen a lot of posts over the last week about stock paired coins getting dumped by the reward wallet.

Worth understanding why it happens: rewards come from a tax taken in the coin itself. The wallet has to sell coin to buy stock/any asset. So the thing meant to reward holders is the biggest seller.

Mr Duval is correct. It's not sustainable. It's dumb.

The fix? Launch on Purps.

@buypurps pools collect fees in the paired asset ONLY. The reward wallet never holds your coin, so it NEVER sells it.

Bonus on top of simple stock rewards: you can use fees to fund a perp, pay yourself, or mix all three. Up to five payout assets.

[Jack Duval🌊 @jackduval]

holder reward mechanism can never be funded by market selling the chart

that is not sustainable long term

needs to be a fee mechanism that doesn't affect price action (of course at scale that means lp's can be undercut) but that imo is where the actual tech, proprietary ideas, etc is and what would make stonk win (whether it be nailing the transfer hook mechanism, etc) but until then i don't see how this is sustainable long term

[will @will8bit]

@buypurps

[will @will8bit]

Fraction of the volume, nearly the same amount burned as the big guys.

All thanks to leveraged profits.

[Purps @buypurps]

$50,000 spent to burn 9.9% of the supply (worth $100,000 today)

Platform revenue funded 3% of it. Perp profits from the PURPS strategy funded the other 7%.

The idea was a coin that buys itself back with trading profits. One month in, and it works.

[will @will8bit]

@buypurps @HyperliquidX Who's going to back their coin with the alt coin market ($OTHERS)

[will @will8bit]

You can literally back your coin with the whole alt or meme market now.

$OTHERS = everything except top 10
$TOTAL 2 = everything except $BTC and $ETH

[Purps @buypurps]

24 new leveraged markets now available - provided by @HyperliquidX

Your coin can now trade:

- $ANSEM & $TREAD (up to 3-5x)
- Anthropic & OpenAI, Pre-IPO (up to 6x)
- $TOTAL2 & $OTHERS (up to 10-20x)
- Small caps, bitcoin dominance and the 10-year yield (up to 20x)
- 12 more stocks, including $SMCI $IONQ $TTWO $LRCX $VST $GLW $COHR $CRDO $CIEN $TER $CIFR $GPRO (up to 10x)

[will @will8bit]

@buypurps To showcase how it can be used, we tested it on solana:purpFPo5voy6fEu8jxSCwVdMs1zyYEYAH6FBQvTYCZK earlier.

Check out the "changes" tab: https://t.co/AsaKS4kirK

[will @will8bit]

I think there's space for innovation, so I created this.

[Purps @buypurps]

Introducing Creator Authority - a new way to trade perps without using your own money.

[will @will8bit]

@buypurps Creator auth should be ready tomorrow.

[Purps @buypurps]

By community request, we've added two new features.

1. Deposit into any vault on any coin.
2. Two new places to direct fees.

Find out more below:

[will @will8bit]

Long or short, same result.

[will @will8bit]

Pair the coin with the main coin, that coin makes perp profit, buys the main coin. Do this 1000 times. What happens?

[will @will8bit]

@MeteoraEco Have you seen this @loraclexyz?

[will @will8bit]

@buypurps There's a ton more things planned obviously: support other chains, more markets, more leverage, more incentives and we'll continue to experiment to see what works well for creators and traders.