Launch a token. Open a position.

A usepurps token is an ordinary pump.fun token. It trades on the bonding curve, graduates to the pump AMM, and shows up in every wallet, explorer and aggregator like any other. The difference is where its creator fees go. Instead of paying a person, they fund a single position chosen at launch, for example long HYPE 3x or short ETH 5x, held in that token's own Hyperliquid account.

That gives each token three properties:

Everything happens in public: each claim, bridge, order, profit-take, buyback and burn is logged on the token's page with a link to the transaction.

Five steps run automatically for every token, around the clock. The keeper checks every token about every 30 seconds.

1. 01

   Trade

   Someone buys or sells the token. pump.fun charges a 3% creator fee, paid in HYPE because the token is paired with it.

2. 02

   Claim

   The token's fee wallet is its pump.fun creator. The keeper claims the HYPE and swaps it to SOL on Jupiter.

3. 03

   Bridge

   Once 0.13 SOL has built up it is sent through Unit, Hyperliquid's native bridge, to the token's Hyperliquid account.

4. 04

   Margin

   On Hyperliquid the SOL is sold for USDC and moved into the perp account. The position grows to match.

5. 05

   Profit → burn

   At +20% the profit is taken, bridged back as SOL, used to buy the token and burned.

A launch is one transaction, signed once by your wallet. It does three things:

1. 01

   Creates the token

   A standard pump.fun token (1,000,000,000 supply, 6 decimals) paired with HYPE on Solana, with a 3% creator fee. Metadata is pinned to IPFS.

2. 02

   Sets the creator

   The pump.fun creator is a fee wallet made for this token alone, not your wallet. That is what lets the fees run the position.

3. 03

   Buys, if you asked

   An optional dev buy, paid in SOL. It is swapped to HYPE and spent in the same transaction that creates the token, so your buy is always first. Two quick wallet prompts. The tokens go to your wallet.

The token appears on usepurps as soon as the transaction confirms. Its description on pump.fun includes the position, for example “LONG BTC 3x on Hyperliquid”.

Market

Any Hyperliquid perpetual that supports cross margin: majors like BTC, ETH and SOL, Hyperliquid's own HYPE, and over a hundred more. The launch page lists them all live, with price, 24h change, volume and each market's maximum leverage.

Direction

Long profits when the market goes up. Short profits when it goes down. Funding is paid or received like any Hyperliquid position.

Leverage

From 1x up to 20x, or the market's own maximum if lower. Leverage sets how far the market can move against the position before it is liquidated. Roughly:

Maintenance margin makes the real distance a little shorter. New fees add margin over time, which pushes the liquidation price further away.

usepurps takes no launch fee and no cut of creator fees. 100% of claimed fees go to the token's position.

pump.fun pays creator fees into a vault for each creator. Because every usepurps token has its own fee wallet as creator, each vault holds exactly one token's fees. Nothing is pooled between tokens.

1. 01

   Claim

   When the vault holds 0.005 SOL or more, the keeper claims it into the fee wallet.

2. 02

   Bridge

   At 0.13 SOL the fees are sent to the token's Unit deposit address. Unit's minimum is 0.12 SOL; the extra covers its fee. Unit credits the SOL to the token's Hyperliquid account.

3. 03

   Swap

   The SOL is sold for USDC on Hyperliquid spot.

4. 04

   Deposit

   The USDC moves from spot into the perp account. It now counts as margin and raises the basis.

Every token tracks a basis: the USDC that has gone into its account and is still working. The position is sized to:

• New fees raise the basis, so the position grows with trading volume.
• Unrealized gains never add size. A winning position is not pyramided.
• After a loss the target shrinks with equity, so a drawdown is never re-levered.
• Orders under $11 are skipped; Hyperliquid's minimum is $10.
• Orders are market orders, filled within 2% of the mid price.

Profit is measured as equity above basis. It is taken when both are true:

Then, in one pass:

1. 01

   Trim

   The position is reduced back to basis × leverage, which realizes the gain.

2. 02

   Withdraw

   The profit moves from the perp account to spot. The basis stays where it was.

3. 03

   Bridge back

   The USDC is swapped to SOL and sent through Unit to the token's buyback wallet on Solana.

Because the basis doesn't move, the next profit-take is measured from the same line: the position always keeps working on the fees that funded it.

When SOL lands in the buyback wallet, the keeper buys the token with it:

• While the token is on its bonding curve, directly on the curve.
• After it graduates, through Jupiter, which routes to the best pool.
• A small reserve (0.01 SOL) stays behind to pay the wallet's own transaction fees.

The bought tokens are then burned: destroyed on chain, reducing total supply. Both transactions appear in the activity feed, and the running total is shown under “Where the fees go”.

Leverage loses money as readily as it makes it. If the market moves against the position, equity falls. If it falls far enough, Hyperliquid liquidates the position and most of the margin is lost.

When a token's account ends up flat with less than its basis, the basis is reset to what is left. The loop then simply continues: new fees become new margin and reopen the same trade.

Every token page has a buy and sell panel, priced in SOL. While a token is bonding, a buy swaps SOL to HYPE on Jupiter and buys on the pump.fun curve in the same transaction; a sell does the reverse. When the curve fills, the token graduates and liquidity moves to the pump AMM; trades then route through Jupiter. You can also trade usepurps tokens anywhere else they are listed: fees are earned on all of them.

• Slippage defaults to 5%; choose 2%, 5% or 10% on the panel.
• Your wallet signs; usepurps broadcasts through its own RPC and confirms the transaction.
• The bonding badge on each card shows how full the curve is.

Lifetime PnL

It is the honest score for a token: what the fees have earned, including profit that has already been burned.

Activity events

Each token gets its own Hyperliquid account and buyback wallet, and its creator fees are kept separate from every other token's. Nothing is pooled.

The usepurps keeper signs for these wallets and pays the Solana network fees for claims, bridges and burns. That makes usepurps custodial: you are trusting the operator's keys and code rather than a smart contract. Every address is public, so every movement can be checked.

• Leverage. A position can lose part or all of its margin. Most leveraged positions eventually lose money.
• Liquidation. A fast move against the position can wipe it out before new fees arrive.
• Delays. Profit is only bought back after it is realized and bridged. That takes minutes, not seconds.
• Third parties. pump.fun, Hyperliquid, Unit and Jupiter can pause, change or fail.
• Custody. The keeper holds the keys. A bug or a compromise of the operator can lose funds.
• Experimental. usepurps is new and unaudited.
• Not an investment. None of this is a promise of returns or a security offering.

Basis

USDC that has gone into a token's account and is still working. The position is sized on it.

Equity

The account's value on Hyperliquid: margin plus unrealized PnL.

Notional

The position's size in dollars: size × mark price.

Mark price

Hyperliquid's fair price for the market, used for PnL and liquidation.

ROE

Return on equity: unrealized PnL as a share of margin.

Bonding curve

pump.fun's launch pricing. When it fills, the token graduates to an AMM pool.

Unit

Hyperliquid's native bridge for SOL, BTC and others.

Keeper

The usepurps process that runs the fee loop for every token.