Cypherpunk. CTO @KolkhetiLabs shipping: @Perpshood // Argos on @Logos_network member: @SuperteamGEO
GE
Joined October 2022
- Tweets282
- Following238
- Followers780
- Likes694
Pinned Tweet
Everything about @Perpshood
Perpshood: a launchpad where every coin funds a leveraged perp that backs it, trading fees open a real position on Lighter, and the profits buy back and burn the coin's own supply. Fully automated, on-chain, no team allocation minted. Built on @ponsdotfamily
The flywheel:
We've seen different experiments on trading fees and how they can be used to feed back into the tokens. Most launchpads route fees to the team, treasury, stocks, etc.
Perpshood routes them into a trading strategy that defends the coin.
Every trade pays a 1% fee; half of the creator's cut becomes margin for a leveraged perp on Lighter.
When that perp profits, the gains buy the coin back off its own curve and burn it (there are other mechanisms we can explore here: e.g., buyback and LP, supply falls and the backing compounds).
Drawdowns never sell the coin; they only add margin.
A coin is deployed through Pons v2's launchAndBuy router in a single transaction: it mints a fixed 1,000,000,000 supply, seeds a constant-product bonding curve against a phantom reserve of 1.68 ETH, and, in the same tx—takes the creator's opening buy before anyone else can touch the curve. The coin trades on the curve until 4.2 ETH is raised, then graduates to a Uniswap V4 pool.
The anti-snipe tax (measured on-chain)
The curve charges a punishing, time-decaying tax on the opening window to make same-second bot buys unprofitable. Read directly off a live curve at its launch block, keyed to block. timestamp:
It collapses ~16× per second. A bot buying in the launch second receives ~1% of its money in tokens; a normal buyer three seconds later pays only the flat 1% trade fee. The creator's opening buy sits inside the deploy tx, so it is never taxed. Wallets listed in snipeTaxExemptions at launch clear at 0% throughout.
Stage 1 (Just for the Perpshood protocol): 30% Pons · 20% AGNT · 50% to the engine sub-wallet. The AGNT cut flows through a fee-splitter contract with no withdraw function. After
Stage 2 (engine): the keeper splits that 50% inflow into 50% perp / 20% treasury / 15% creator / 15% burn. Net, as a share of the whole fee: perp gets 25%, treasury 10%, creator 7.5%, and burn 7.5%.
The perp engine
The perp bucket accumulates in WETH. Once it clears the fee gate, the keeper converts it to USDG (Lighter's collateral), deposits it to the venue, and the first deposit creates the L2 account and opens a market position once there is enough free margin. Everything is gated, so a blip or a dust balance never opens a bad position.
Route Fees: bring your own coin
Attach the flywheel to any existing ERC-20 on @ponsdotfamily
The same engine isn't limited to coins launched here. Route Fees lets a creator point any existing ERC-20's creator fees at a live leveraged perp through a one-use sub-wallet: verify the token, pick the backing market and leverage, and the burn-flywheel is bolted onto a coin that already exists. Profits buy back and burn its supply; drawdowns only add margin, identical mechanics, retrofitted.
System architecture
The keeper is a single authoritative loop: it reads live coins, computes each fee split, converts and deposits perp margin, opens and manages positions through the signing sidecar, executes buybacks and burns on-chain, and writes state to Postgres. Per-coin gas is auto-seeded from a master wallet; a drained sub-wallet freezes rather than losing funds.
CA: 0x7BA36BE14dD06ba492f08be6C1B2979c1d0B652C
Putting Georgia on the map
We are organizing a road trip from Georgia🇬🇪 to the UK🇬🇧 for Breakpoint 2026.
We got this crazy idea during @SuperteamGEO builders gathering. What if we get a van, wrap it with @solana, @solflare, @JupiterExchange, @Helius, @PhoenixTrade, @superteam, @kamino, @Raydium, @sanctumso, @colosseum, @solanamobile, @NOMADZxyz, @jito, @triton_one, @Backpack, @metaplex, @avici, @phantom, @MeteoraAG, @Alchemy branding and drive thousands of kilometers across the globe while creating content and hit EVERY @superteam chapter we can, host events and challenges.
Here's the route: Georgia🇬🇪 @SuperteamGEO ➝ Turkey 🇹🇷 @SuperteamTR ➝ Serbia 🇷🇸 (Balkans) @SuperteamBLKN ➝ Poland 🇵🇱 @SuperteamPOL ➝ Germany 🇩🇪 @SuperteamDE ➝ Netherlands 🇳🇱 @SuperteamNL ➝ UK 🇬🇧 @SuperteamUK
Final destination: Breakpoint @SolanaEvents
What is this trip?
This trip is not meant to be hidden away where we start off in Georgia and end up in UK within a few days, no. There will be obstacles, challenges, unforeseen problems one can't anticipate - or can they? Content, friendly challenges with other Superteams to see who's the best... at what exactly?👀
As of today confirmed road trip participants are: @heisenburgirrs @MainJeefx @2jer20 @bibo19_
How we're funding this: we'll be selling ad space on the van via @oxar_app, if you're a @solana startup your brand could be travelling 10,000 kilometers across Europe, appearing in our video content and getting in front of tens of thousands of eyeballs 👀.
The initiative already found its first sponsor - @superteam and we might have a bidding war on our hands⚔️
You can bid on any of the following ad placements: Hood, Fenders L&R, Doors L&R , Sliding Doors L&R , Side Panels L&R, Rear & Roof.
Each auction item will start off with a minimum bid and will increase by fixed amount on every new bid. We'll also have 100 logo placements on front and rear bumpers for smaller startups, $100 per logo, first come first serve.
Whether you're a major ecosystem player or an early-stage startup, there's a place for you on the van!
You can already browse the available ad placements at solanagotmotion.com.
Auction goes live today 19:00 UTC on @oxar_app website.
Tag your favorite project on @solana who you wish to see be part of this legendary road trip full of surprises and excitement!
See you at Breakpoint!
We're just getting started
Glad to have worked on this with ADP 🫡
We've also designed the incentive mechanism during Solana summer village by @SuperteamGEO and got 3rd place for it.
Love my superteamGeo Fam
Perpspad was built on one idea: what you pair a coin against says what you believe.
Perps, stocks, RWAs. It's been the home for conviction pairing since day one.
Now we're expanding what you can pair against. Heres a technical look at what we're building.
Until now, a pair could express one view: one stock, one perp, one asset. With the perp basket feature been live on perpspad since day 1, we’re expanding on this feature.
We’re not just enabling underlying asset backing with baskets, we’re introducing conviction tokens.
Real conviction is usually a combination. "AI" isn't one ticker. Neither is "bull run".
So we're making the combination itself pairable.
@PoiseFinance an engine for tokenising convictions.
A bin is 4–5 tokenized assets (stocks, commodities, RWAs, crypto) with fixed target weights issued as a single SPL token that can be minted by depositing the underlying tokens and redeened for them at any time
Each SPL token is backed by the underlying tokens held onchain, and its value is the bins's combined NAV (Net Asset Value).
The NAV comes from what the vault actually holds. Not from a pool's spot price, and not from target weights. Pools can quote a bin. They don't get to define what it's worth.
At creation, the SPL token is minted and a pool is created on @MeteoraAg in the same flow, so a bin is tradable the moment it exists.
A keeper then watches market price against the NAV of the bin and rebalances them when they drift.
what does this mean for @perpspadfun:
On Perpspad, a bin becomes a quote option.
Launch a coin against a bin as an option , currently we have three options for token launches, and it inherits the bin's and narrative. Every trade that routes through a bin generates fees, the minted SPL tokens goes to the person who created the bin and also to Perpspad protocol to feed the flywheel.
Perpspad is the first home for bins. Conviction pairing.
@MainJeefx and I already built the infra during super team Georgia startup week, we’re fully fleshing out the idea now.
Powered by @sunrise and @MeteoraAg, we’re excited to be building and expanding perpspad on @solana.
Shout out to
@sudotx @lordghostx for being a very important part and contributing to this project, @PoiseFinance
Read the paper here: github.com/adpthegreat/poise…
NOTE: poise will strictly be focused on providing the infra possible to conviction type bins.
There is no and will not be any token for poise. Every fee, revenue will be routed to @perpspadfun
We will win forever
Been tinkering with this idea with the team for a while now
Now lets race to it and may the fastest Dev win 🫡
@Perpshood time to WIN
coming soon: index tokens
bundle up to 10 tokens into one: stocks, memes, project tokens or a mix. buy the whole basket in a single trade
> built on a uniswap v4 hook
> no lp needed
> rebalancing built in
> pair with other coins
> on base and robinhood
bankr.bot
Step 2 done 🫡
Hold the coin, get paid in $PONS.
New flywheel live on Perpshood: launch with a @ponsdotfamily perp attached and 40% of every trade fee goes straight to holders in $pons.
Automatic, with pro-rata distribution. New flywheel works on Pons only for now. perpshood.fun/launch
Step 1 done 🫡
The Hood just got more secure.
An independent review of the contacts built and deployed by perpshood has been completed by @zellic_io
Zero security findings.
See what was checked:
perpshood.fun/paper
Let's win
Been chatting a bit with the @PerpsPadfun team.
Perpshood launches coins on @PonsEcosystem that aren’t just memes with a curve. Each one runs a real leveraged perp underneath.
You pick the underlying (ETH, BTC, NVDA, AAPL, SpaceX, gold). At launch a treasury opens that position on @Lighter_xyz in USDG. Fees get pulled on-chain and recycled into margin, buybacks, burns, and LP. Pair against a tokenized stock and buying the coin pushes flow into the asset itself. Same PONS stack, with perp collateral on top. Hedged launches are live now: long one market, short another, same cross-margin account.
Tape so far:
- $14.96M total volume on Perpshood coins ($118K today)
- $119K fees claimed through Pons v2 + Uniswap v4
- 81 launched / 80 live / 11 graduated, all backed on Lighter
- $112K OI on $27.8K collateral, 36 opens, 0 liquidations
- 250.6M tokens burned ($14.9K buybacks, 339 runs)
- $15.2K auto-paid to creators from their own fee flow
- $4M+ volume into Pons
- Book leans NVDA, AAPL, GOOGL, BABA, PONS; 7 coins quote in tokenized stock
There's a new version of this post
