PumpetualsPumpetuals
Documentation

How Pumpetuals works

Pumpetuals is a Solana launchpad based on pump.fun. Coins trade the bonding curve first. After the curve migrates, a perpetual market attaches to the same address. Spot is the curve. Perps wait for graduation.

Overview

A launch is one call against the curve factory at 6EF8rrecthR5Dkzon8Nwu78hRvfCKubJ14M5uBEwF6P. It deploys an SPL token and a bonding curve, mints the whole supply to the curve, and spot trading starts at once. Coin pages live at /coin/<mint>.

Pumpetuals's integration is a router at 6EF8rrecthR5Dkzon8Nwu78hRvfCKubJ14M5uBEwF6P that watches the graduated flag. Until that flag flips, the perps engine at PerpsEngine111111111111111111111111111111 will not accept an order.

What is live

Pumpetuals is live on Solana mainnet. Launches create real pump.fun coins with a minimum first buy. Wallet connect, create, and on-chain broadcast are live.

  • Connecting a wallet
    Phantom-first, plus MetaMask Solana and other Wallet Standard wallets.
    ✓ Live
  • Launch on pump.fun
    Uploads metadata, then broadcasts create + minimum SOL buy on mainnet.
    ✓ Live
  • Curve quotes and progress
    Shown from each coin's published curve math.
    ✓ Live
  • Spot buy / sell panel
    Spot UX on coin pages.
    ✓ Live
  • Perps on migrated coins
    Book, funding, leverage. Locked on every pre-migrate coin.
    ✓ Live
  • Perps on a live curve
    The engine rejects the market until graduation.
    Never
  • Comment threads
    No on-chain source and no database yet.
    Soon

Launching

Pumpetuals offers one launch configuration today. These are its parameters, read from the factory.

Dev buy
0.001 SOL

Minimum first buy attached to create on pump.fun mainnet.

Network fees
~0.002–0.01 SOL

Priority fee + rent paid by the launching wallet.

Total supply
1,000,000,000

Minted to the curve. No hidden creator allocation.

Base trade fee
1.00%

Charged on the quote leg of every buy and sell.

Virtual quote reserve
30 SOL

Phantom reserve. Never held, never withdrawable.

Graduation threshold
85 SOL

Real quote the curve must take in before it migrates.

The bonding curve

The Pumpetuals bonding curve is a constant-product curve against a virtual quote reserve. It is not upgradeable, not a proxy, and cannot be sent SOL outside a trade.

quoteReserve = phantomQuote + realQuoteReserve
k            = quoteReserve × tokenReserve
price        = quoteReserve / tokenReserve
progress     = realQuoteReserve / graduationThreshold

Graduation

The curve never sells its whole supply. At 85 SOL raised the factory migrates liquidity into a locked Raydium pool. Factory 6EF8rrec…, hook 6EF8rrec…, pool manager RaydiumP…. Liquidity is locked. Nobody withdraws it, including the creator and Pumpetuals.

71.43%
sold on the curve
20.41%
seeds the Raydium pool
8.16%
permanently locked

Perps

The Pumpetuals perps engine is a separate market. It does not trade the curve, does not borrow curve inventory, and does not exist as a pair until graduated == true.

  • Mark is the Raydium mid after migration, not the last curve print.
  • Funding is quoted every 8 hours, paid between longs and shorts.
  • Max leverage is set per market at attach time, 10x to 25x in the current set.
  • A coin that never migrates never gets a book. There is no override.

Fees

Base trade fee
30% Pumpetuals · 70% creator-fee recipient
1.00%
Creator tax
The creator-fee recipient, in full
0 to 10%
Dev buy
Attached to create on pump.fun
0.001 SOL + network fees
Perps taker
Pumpetuals engine, migrated markets only
4 bps
Perps maker
When a rest on the book is filled
1 bp rebate

Curve fees accrue in the fee escrow at 6EF8rrecthR5Dkzon8Nwu78hRvfCKubJ14M5uBEwF6P. They are never pushed.

Risks

  • Most launches go to zero. The overwhelming majority never migrate. You can lose everything.
  • The first 3 seconds of a launch are taxed at up to 99%.
  • Perpetuals can liquidate your entire margin. Leverage is not free convexity.
  • A book that is not yet attached is not a promise it will be. Only migrated coins have perps.
  • Program risk applies to the bonding curve, Raydium, the migration hook, and the perps engine.
  • This interface is a Pumpetuals frontend on Solana. Solana is the settlement layer, not the operator of your trades.

FAQ

Can I trade perps before a coin migrates?
No. The engine has no market until the curve graduates.

Can the creator pull liquidity after graduation?
No. The Raydium position is locked. There is no unlock date.

Is the supply always 1 billion?
Yes for the only Pumpetuals configuration offered today.

Does Pumpetuals custody anything?
No. Your wallet signs. Pumpetuals never holds keys or funds.

Disclaimer

Nothing on Pumpetuals is investment advice, a solicitation, or an offer of a security or derivative in any jurisdiction. Tokens launched on Pumpetuals are experimental. Perpetual contracts can return zero. Read the terms and privacy policy before you connect a wallet.

Based on pump.fun. Built on Solana and Raydium. Not investment advice.

Ready to launch one?