What is PerpFun?
PerpFun is a launchpad on Robinhood Chain where a coin's liquidity cannot be removed — by its creator, by us, or by anyone — because the contract that holds it has no function that could.
Launch costs nothing but gas. The whole supply goes into one Uniswap V3 pool quoted in USDG, the coin is tradable in the block it is created, and 0.7% of every swap on it is yours for as long as it trades.
Then, once its own trading has put enough behind it, the coin re-pairs to a leveraged tracker of a real stock — YOURCOIN / NVDAx5 — and its backing starts moving with Nvidia at five times the pace.
The four things that make it different
One market, not several. The entire float sits in a single pool. Nothing is held back, there is no second venue, no reserve. A price you read is the price you can actually get out at, because there is only one place to get out.
The liquidity is locked by absence. decreaseLiquidity, burn, transferFrom, approve and setApprovalForAll are not in the locker's bytecode. There is no execution path that withdraws the position — not a timelock, not a multisig, not a promise. A rug is not made hard here. It is made impossible.
Fees that do not stop. Every swap pays 1%, and 0.7% of it is booked to whoever launched the coin, claimable whenever they want, forever.
Backing that moves. After the bond, the coin is paired to a 5× tracker of a real equity. Its floor is no longer idle stablecoin — it is a leveraged position on a stock, run on a live perp venue.
Tradable by everything, immediately
The coin is quoted in USDG and lives in an ordinary Uniswap V3 pool. That means a Telegram bot, an aggregator, a wallet or a scanner reaches it in one hop through the standard router, with no configuration, no intermediate token and no waiting to be indexed.
It also means the coin has no transfer tax. A buyer who enters and leaves immediately pays the pool's fee and nothing else — no hidden cut, no manufactured spread, no gap between the quoted price and the filled one.
Where to go next
- How it works — the whole life of a coin in one page
- Launching a coin — what you choose and what you get
- The bond — how a coin becomes backed by a stock
- Risks & security — what can still go wrong, stated plainly