Joined May 2021
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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.
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Month 1. Only across 200 coins. The bridge between perps and memes.
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.
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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 docs.purps.lol/llms.txt
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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.
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Since we introduced holder payouts, we've airdropped over $100,000 to 5,000+ wallets.
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Fast-paced markets are here! Now supporting up to 100x leverage on selected markets. Full list below. Supplied by @OrderlyNetwork
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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.
Replying to @Ga__ke
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
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Fraction of the volume, nearly the same amount burned as the big guys. All thanks to leveraged profits.
$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.
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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
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)
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I think there's space for innovation, so I created this.
Introducing Creator Authority - a new way to trade perps without using your own money.
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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:
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Pair the coin with the main coin, that coin makes perp profit, buys the main coin. Do this 1000 times. What happens?
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Long or short, same result.
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It's been five days since introducing Meteora DBC pools and we've hit massive milestones, so here's a team update: How do we use them: the coin's trading fees are collected automatically and sent wherever the creator chose at launch: a perp position/s on Hyperliquid, or a simple creator airdrop mode. What do these pools make possible? The pair. Most launchpads price everything in SOL. On Purps you can pair a coin in almost anything. Pair with a tokenised stock and your holders get airdropped or pair with another project's token. Growth: Over $105,000 has been paid out to holders in airdrops so far, 259 million tokens have been bought back/burned across the platform and over $1,000,000 total volume on @HyperliquidX. There are 925 tokens a Purps coin can be paired with right now: SOL, stables, tokenised stocks, and memes (When Meteora approves a new one, it instantly becomes available). What's next? Creator authority. Right now a coin's strategy is locked the moment it launches. Next, the creator can manage it: change the leverage, switch a market, move the limit orders or close a position. What they can never do is touch the money at an admin level. No withdrawing, no bridging, no claiming etc. The treasury stays locked like liquidity on a token and a good trader or a KOL can run it in public and get paid 20% of every win for being right. What does the future look like: THE goal is to bridge perps to memes and memes to perps. We believe there's a market in between and that's what we plan to continue to work towards through frequent updates. Conclusion: We'd like to thank @MeteoraAG @MeteoraEco for their support and amazing pools. Lets win.
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Whats new: - Creators can seamlessly redirect their creator rewards to other wallets. - All future coins launched on Purps or Pump now use a "purp" vanity address. - You can now payout to holders in 5 different assets instead of 2.
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Introducing Creator Incentives Get paid to not only create, but build the best perp strategies. Live on every new and old coins
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The PnL cards just received an update - check them out. Share your coins PnL's in the comments:
Check out the new PNL cards - generated for each coin when you click the "share" button below the chart.
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The bridge between perps and memes.
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Introducing the Purps API - docs.purps.lol/ - Launch on purps.lol, pump.fun or ponsfamily.com - Fees route into a perp strategy, airdrop holders or buy & burn - Pair with all majors or any tokenised stock we list - Read every coin's books, positions and payouts No keys required. If you run into any issues, reach out to us on tg.
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Now supporting custom pairs for pump launches. Pair your pump coin to a stock/crypto/metal, then route your fees into a perp or directly airdrop any asset to holders.
Introducing Custom Pairs Launch Pumpfun tokens paired with tokenized stocks, majors & more on Solana. Launch with more variety, deeper liquidity & lower fees than anywhere else.
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The total PnL number on the main PURPS card has been changed. Currently, total perp PnL is: realized PnL + unrealized PnL however this doesn't really account for the $9000 has been generated from other coins basically meaning we've burned an extra $9000 for free, if our positions did -$9000 technically we'd be at breakeven, not a loss. we can afford short term draw downs, thats what its built for. So here's the new formula: PURPS total PnL = realized PnL + unrealized PnL + platform revenue
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