Two months in review. Since the start of Perpspad and the introduction of meme-perps as a new pairing mechanism on Solana, we’ve done: $20M cumulative volume across every Perpspad coin $7.1M perp volume and climbing on @PhoenixTrade, backing 45 coins $92K in trading fees claimed onchain through the Meteora SDK $56K of supply bought back & burnt: 2,537 buybacks, 2,713 burn txs, 1.69B tokens burnt across all coins $23.5K paid to creators, $5.2K of it paid out in tokenised stocks $152K open interest held by coin treasuries More than 1,685,932,406 tokens burnt across all launches. All these wouldn’t have been achieved without @meteoraag infra under the hood. Most launchpad tokens only have attention behind them. A perpspad coin has both the attention and the financialisation engine, which is a leveraged perp position: on BTC, SOL, gold, NVDA, SPY or whatever the creator picks. The coin's own trading fees fund that position, and its profits buy back and burn the coin. Meteora's Dynamic Bonding Curve is what makes that loop work. How we use DBC Each coin gets its own DBC config. Supply is 1B, and mint and freeze authority are revoked at creation. Any quote token. Coins can launch against SOL, USDC, tokenised stocks from Backpack and xStocks, and community tokens like $ANSEM or any verified SPL mint. For live-priced quotes, market-cap targets are set in USD at launch, so a memecoin-quoted curve behaves like an SOL-quoted one. - Fees are collected in the quote token. Treasuries receive SOL or USDC directly and never have to sell the coin to get paid. That's what lets a keeper fund margin, pay creators and buy back supply on every tick. - Anti-snipe from the start. An exponential fee scheduler plus Meteora's dynamic fee makes early sniping expensive, and those fees go to the treasury. - Graduation to DAMM v2 with LP permanently locked. 100% of migrated liquidity is locked, split 50/50 between platform and creator, so nobody can pull it. - The keeper claims every tick. It calls the Meteora SDK to claim fees on DBC before graduation and on DAMM v2 after. Then it tops up perp margin, pays the creator and routes buybacks through Jupiter to burn. Each step is a mainnet transaction. Why DBC made this possible Normally, a token launch with a programmable treasury means writing and auditing your own AMM, fee logic and migration. DBC gives us all of that as configuration: the curve, fee schedule, quote token, fee destination, migration target and LP lock. We only had to build the part that's new, which is connecting fees to a perp position and turning profits into burns. Just as we’ve seen meme stocks become a major driver of stock prices, creating a zeitgeist around certain stocks, meme-perps are also contributing to the growth of @perps volume on Solana. We’re proud to be bringing more innovation to @solana’s perps ecosystem. What's next? ⁃ New UI redesign coming up ⁃ More exotic perps will be added, powered by Phoenix. ⁃ UX improvements and more perp strategies - Fee routing for more launchpads will be supported, including [redacted] ⁃ We started a whole meta of combining memes and perps, and we'll keep on innovating to make the best tek for users and launchers