Perpspad

Perpspad is a Solana launchpad where every coin is backed by a real financial engine rather than a bonding curve alone. A coin is paired with either a leveraged perpetual position — traded exclusively on the Phoenix CLOB through the Imperial perps protocol and held by that coin's own onchain sub-wallet — or a tokenized stock (SPCX, NVDA, TSLA, and others) paired against the coin in a single-sided Meteora DLMM pool. Trading fees on the coin feed the backing position, the creator earns a share of fees, and another slice continuously buys back and burns supply, with the backing staying live for the life of the token instead of draining after launch.