Rules
Max loss is your stake. Longs have no cap. Shorts pay up to 2× your stake.
01
Coins are created on pump.fun through Perpspad. Launching is free. The platform wallet pays the launch fee. A dev buy is optional and comes from your wallet. This coin's pool wallet is the on chain creator. You do not receive creator fees. Each wallet can launch 3 coins in 24 hours.
02
Trading that coin produces creator fees. The pool wallet claims them. 75 percent stays in that pool. It lends to longs and takes the other side of every short. 25 percent is set aside to buy and burn $PAD once the mint is set. A position pays a 0.50 percent open fee plus premium into the same pool.
03
Pick 1.5×, 2× or 2.5×. A long buys the coin on the chart: your stake plus a pool loan for the rest. A short is backed by the pool and reserves twice its stake, the most it can be paid. Room is 80 percent of fee capital, minus loans and reserves. Each wallet can be backed for up to 20 percent of the pool. Minimum size is 0.05 SOL. Max loss is your stake.
04
A long enters at its real fill on the chart. Cashing out sells the tokens, repays the pool loan, and pays you the rest, with no cap. When 80 percent of the stake is gone, the long is sold on its own and the pool is repaid first. A short enters at the live price and settles on the 5 minute median. It pays up to 2× your stake and closes on its own at either bound. There is no lock.