Every coin goes up and down.

Launch a coin on Perpspad and anyone can go long or short on it from minute one, at up to 2.5×. Its creator fees fill its own pool. Longs buy the chart with a pool loan, and the pool takes the other side of shorts.

Go long Go short Launch a coin

Up to 2.5×Long or short, you pick

Max loss = stakeNothing more, ever

Longs buy the chartNo cap on the upside

Cash out any timeNo lock

Launch it

Create a coin. Its creator fees start filling the coin's own pool.

Pick a side

Long or short at up to 2.5×. A long buys the coin on the chart with a pool loan.

Cash out

Whenever you want. Longs sell on the chart, shorts settle on the 5 minute median. Paid in SOL.

What 1 SOL pays back at 2×.

Coin moves	-40%	-20%	-10%	0%	+10%	+20%	+40%
Long pays	0.2	0.56	0.76	0.95	1.15	1.34	1.73
Short pays	1.8	1.4	1.2	1	0.8	0.6	0.2

SOL back on a 1 SOL stake at 2×, before the 0.50% open fee. Long figures include about 1.25% swap fees each way and keep going up past +40%.

Questions

Who pays a winning trade?

The coin's own pool, filled by that coin's creator fees. No outside backers.

How much can I lose?

Your stake, and nothing more. A long is sold when 80 percent of the stake is gone. A short is gone when the coin rises 50% at 2×, or 40% at 2.5×.

How much can I win?

A long has no cap. Your stake plus a pool loan buys the coin on the chart, and you keep everything above the loan. A short can pay up to 2× your stake.

Does my long buy the coin?

Yes. A long buys the coin on the chart with your stake plus the pool loan, and sells it when you cash out or get liquidated.

When does it settle?

When you cash out, at the 5 minute median price, so one wick doesn't decide it.

Where is the contract address?

At the bottom of this page. Anything else is not us.