perppad
Create a coin ↗
Solana · Devnet preview

EVERY MARKET
HAS ANOTHER
SIDE.

Launch a memecoin. Trade the rise.
Trade the fall. Make your call.

Explore markets ↗Launch your coin ↗
A working devnet app. Test SOL, real on-chain mechanics.
01 / A different perspectiveYour conviction has gravity.
Scroll to the other side ↓
SPOT. LONG. SHORT.
ONE PLACE TO TAKE A SIDE.
More than buy and hope

THE HYPE HAS TWO SIDES.
NOW YOU CAN TRADE BOTH.

Buy and sell tokens directly, or use lending-backed leverage when a market is ready. One launchpad. More ways to express your view.

◎

Own the token.

Spot buying and selling. Tokens go directly to your wallet.

↗↗

Back the upside.

Long positions use borrowed SOL to increase exposure.

↗↘

Take the other view.

Short positions borrow tokens to trade a falling price.

↗

Leverage depends on registration, funded pools and risk checks. It is not guaranteed at launch.

THE PASSAGE / HOW IT WORKSSkip journey ↓
From an idea to a market

OPEN THE
NEXT CHAPTER.

The current system uses borrowed assets and real spot trades to create leveraged positions, with no fixed expiry.

01

Launch your coin.

Add an image, a story and your links. Launch on Pump’s bonding curve with normal spot trading.

Create a coin ↗
02

Build the liquidity.

SOL lenders supply a shared pool. Token lenders supply short inventory. Each market has its own borrowing limits.

Explore lending ↗
03

Choose your side.

Post collateral to go long or short when liquidity and risk checks allow. After graduation, trades route to PumpSwap.

Find a market ↗
THE OPENINGSCROLL TO STEP THROUGH ↓
A clear view of your position

BIG IDEAS.
CLEAR DECISIONS.

A simple trading panel, an understandable quote and the context you need. Start with spot. Choose leverage when it fits your view.

LONG ↗

You expect the price to rise.

Collateral and borrowed SOL buy tokens. Closing sells the tokens, repays the debt and returns what remains after costs.

Your collateral+Borrowed SOL→Token exposure
SHORT ↘

You expect the price to fall.

Borrowed tokens are sold while collateral and sale proceeds stay locked. Closing buys tokens back, repays the loan and returns the remainder.

Borrow tokens→Sell→Buy back to close
Understand the exposure.

Leverage amplifies losses too. Positions can be liquidated before collateral reaches zero. Borrowing and execution costs apply. Fast price moves can also cause lender losses.

Fees, in plain sight

KNOW WHAT
YOU’RE PAYING.

Leveraged positions pay 1% of executed closing value, not just profit. Spot trades pay venue and network costs, without that leverage closing fee.

Eligible creator-fee revenue is shared across the ecosystem. The split shown is a share of that revenue, not an additional fee on each trade.

40%Token creator
40%Platform
15%Token lenders
5%SOL lenders
Before your first move

A LITTLE CONTEXT.

Is this real-money trading?

This instance is a Solana devnet preview. Use the built-in test wallet or a wallet on devnet. Mainnet trading is disabled here.

Can every coin be traded with leverage?

No. Spot trading is available from launch. Leveraged trading needs registration, lending inventory and passing risk checks. A market-cap threshold alone does not unlock it.

What happens when a token graduates?

Trading routes to the canonical PumpSwap pool. Existing leveraged positions retain their debt and collateral, and execution resumes once the new pool is ready.

Do I need to make a first buy to launch?

No. A first buy is optional. Creating token accounts still costs network fees and rent. Token lenders can supply short inventory later.

How do lenders earn?

Lenders receive their allocated share of eligible creator-fee revenue. Income is not guaranteed, lenders bear losses, and borrowed inventory can delay withdrawals.

The next move is yours

HAVE A VIEW?
TAKE A SIDE.

Open the launchpad ↗Create a coin ↗