Go long or short on any dog.

Kennel

Six markets in Phase 1. Every other dog is price only until Phase 2.

Launch a dog

A regular pump.fun coin, created by your wallet. You are the creator and the creator fees are yours. The coin appears in the Kennel at once; perps on new launches open in Phase 2.

List a coin

Opening a perp market on an existing coin by funding its pool needs the house program: that is Phase 2. In Phase 1 you can nominate a dog. The most nominated dogs are the first markets of Phase 2.

Most nominated

How it works

1. 

   Launch or pick a dog

   Create a coin from the pad (a regular pump.fun coin, your wallet is the creator) or open the Kennel and pick one of the Phase 1 markets.

2. 

   Count your Shibas

   One Shiba is 1x, ten Shibas is 10x. Send 0.02 to 0.25 SOL of collateral with a memo; the position size is collateral times Shibas. Fee 0.2% of the size, in and out.

3. 

   One mark, straight from chain

   The price is the pump.fun curve's reserves, or the pool's reserves after graduation, read by the keeper. The same mark opens, closes and liquidates. No oracle.

4. 

   Liquidations feed the bowl

   Lose 90% of the collateral and the Shiba eats the position. A tenth of it drops into the bowl as a bone. Once an hour the bowl buys $INURAGE and burns it.

Phase 1 runs on small limits: 0.25 SOL per position, open interest per market at most a fifth of the house pool. A program of its own (house vault and positions on chain) is Phase 2.