PFG Documentation

Overview

Perpetual Futures Glitch (PFG) is a Solana token whose treasury is traded by an AI-managed perpetual futures desk. The loop is simple:

1. The treasury is held as USDC margin on Imperial (a Solana perp router) and runs a focused book of concurrent positions across crypto, commodities, and stocks — long or short, up to 8× leverage (2–4× typical). Idle margin earns lending yield between trades.
2. An AI strategy engine — Claude (Opus-class frontier model) — reviews the whole book every 20 minutes (open, trail, bank, close), inside hard risk limits enforced by code. It trades patiently: most cycles it changes little, because fees are the desk's biggest cost.
3. Whenever the desk banks net-new realized trading profit, it is split 50/50: half airdropped to PFG holders pro-rata in SOL (no staking, no claiming), half used to market-buy PFG and burn it — permanent supply reduction.
4. Separately, LP fees from the PFG/SOL Meteora pool are claimed hourly: 10% is airdropped to holders as a SOL dividend and 90% compounds into the desk, growing the treasury over time.

Holding PFG in any normal Solana wallet is the entire requirement. Every decision the AI makes — including its reasoning — is published in real time on the live dashboard.

The desk lifecycle

The keeper runs three loops, fastest to slowest:

This separation matters: trading is decoupled from distribution. The AI can hold a winner across many hours while the sweep only ever pays out profit that has actually been realized by closing (or partially closing) positions.

The AI strategy engine

Model

Decisions are made by Claude Opus 4.8 (Anthropic's frontier model) called via API with schema-constrained structured output — the model must return a valid, typed decision object; free-text answers are impossible by construction.

Inputs (every cycle)

• Multi-asset market structure for the whole tradable universe, across three timeframes (15m / 1h / 4h): last price, EMA-20 vs EMA-50 trend state, RSI-14, ATR volatility (% of price), recent highs/lows, and percent change. Crypto candles come from Binance/Coinbase; stocks, commodities and FX from Twelve Data.
• The current book: every open position (asset, class, side, leverage, entry, mark, stop, unrealized PnL, R-multiple, age), free margin, deployed capital, positions used, opens today, and whether the kill-switch is active.
• Its own recent history: the last several rebalances and what the rails actually executed — so churn and over-concentration are visible to it.

Output (the portfolio plan)

The model returns a portfolioView, public reasoning, and a list of actions — one per asset it wants to change this cycle (assets it leaves alone are simply omitted). Each action carries:

Discipline baked into the prompt

• Fees are real: a round-trip costs ~0.12–0.2% of notional plus slippage (more for shorts, which swap collateral). The engine is told overtrading bleeds the treasury and that HOLD is usually correct.
• Volatility-aware sizing: high ATR → lower leverage, smaller size, wider (but liquidation-safe) stops.
• No prediction claims: the model is explicitly instructed that it manages exposure and risk, not foresight — and that holders read its reasoning, so hype is banned.
• Diversified, always-deployed posture: the desk is instructed to run several uncorrelated positions across assets and classes, size each modestly, and express uncertainty through leverage and size rather than sitting flat. It rotates assets only on a genuinely better setup, not for marginal reasons.

Risk rails (enforced in code)

Profit distribution

What gets paid

Only realized PnL — the actual SOL difference between what a position cost to open and what closing it returned, fees included. Unrealized gains are never distributed; they aren't money yet.

The high-water rule

Realized results accumulate in a signed ledger. A losing trade drives it negative, and no airdrop goes out until the desk has earned the loss back. This makes it impossible for the desk to pay holders out of principal.

The 50/50 hybrid split

Each time the desk sets a new realized-profit high-water mark, the net-new profit is split in half:

• 50% airdrop: distributed pro-rata by PFG balance as plain SOL straight to each holder's wallet — batched 10 transfers per transaction, 5 transactions per batch, in parallel. No claim step, no gas paid by holders, no expiry.
• 50% buyback & burn: market-buys PFG on the PFG/SOL pool and immediately burns the purchased tokens via the Token-2022 burn instruction — buy pressure plus permanent supply reduction, every profitable hour. Only the freshly-bought tokens are burned; treasury-held PFG (e.g. LP-fee accruals) is never touched.

Both legs are fully on-chain: airdrops as SOL transfers from the treasury, burns as a swap + burn transaction pair you can verify against the token's declining supply.

Eligibility

• Any on-curve wallet (a normal keypair wallet) holding PFG at sweep time.
• Excluded: off-curve addresses (liquidity pools, program vaults, PDAs) and the treasury itself — so rewards only reach real holders.
• Dust allocations below ~0.000005 SOL are skipped (they'd cost more in fees than they deliver).

LP fee compounding

The treasury owns a locked liquidity position in the PFG/SOL Meteora DAMM v2 pool. Trading in the pool accrues fees to that position in both tokens, and the desk claims them every hour:

• SOL-side fees are claimed into the treasury. 10% is airdropped straight to PFG holders as a SOL dividend; the remaining 90% compounds into the desk with the next position — so the treasury grows while holders earn from LP revenue every hour, independent of trading results.
• PFG-side fees are held by the treasury and never market-sold, so fee compounding creates no sell pressure on the token.

This gives holders a second income stream — a continuous SOL dividend that flows even in hours when the desk is flat or its trading PnL is below the high-water mark, so holders are never waiting on a single source to get paid.

Treasury accounting

• Unit of account is USD. NAV = free USDC margin on Imperial + every open position's equity (collateral + unrealized PnL, reported directly by Imperial) + the SOL gas reserve valued at the live price.
• Realized PnL from position economics: when a position is closed (fully or partially), realized PnL is read straight from Imperial's reported position PnL for the slice closed — not inferred from wallet balance deltas, which makes it robust to deposits/withdrawals happening at the same time.
• Principal stays parked, profit ships out: on a close, the position's principal is recredited to margin (so it keeps earning yield and stays deployable) while the realized profit is set aside and shipped to the wallet on the next profit sweep, converted to SOL, and distributed.
• The high-water rule: realized results accumulate in a signed ledger; a loss must be earned back before any payout. Capital that enters the treasury any other way (LP fees, top-ups) can never be misclassified as trading profit.

Launchpad — perp-backed tokens

The same machine that trades the PFG treasury can be pointed at any token. On the launchpad anyone can mint a token whose treasury runs a live basket of perpetual positions on Imperial — and whose trading fees are recycled into that basket, into the token's holders, and into PFG.

Launching

You build a basket — any mix of longs and shorts across Imperial's crypto, commodity, equity and FX markets, with a percentage allocation and leverage (up to 15×) per leg. You set the name, symbol and image; the metadata is pinned to IPFS. You sign and pay the on-chain creation cost, the token is minted on a Meteora Dynamic Bonding Curve under PFG's platform config, and a dedicated treasury wallet is provisioned for your basket.

The fee split

Every fee the token generates (the bonding-curve fee pre-migration, the post-migration tax) is claimed by PFG and split four ways:

How holders get rewarded

A launch pays its holders through two streams — and neither relies on the token's price going up:

• The SOL dividend (continuous). 10% of every fee claim is airdropped to holders pro-rata, in SOL. The more the token trades, the more its holders earn — fee-free, the moment fees are claimed.
• Realized basket profit (every 3 days). The treasury holds its basket and, on a fixed 3-day cadence, realizes the profit on each winning leg. Half of each realized gain market-buys the token on its own curve (buy pressure for holders), and half is airdropped to holders as SOL. The cadence is deliberate: realizing on a schedule rather than on every tick keeps Imperial's open/close fees a tiny fraction of the gain.

Every token gets a page

Each launch has its own page at pfglitch.com/{token address} — a live price chart, the bonding-curve progress, the basket with per-leg collateral / position value / live PnL, and the running payout stats (fees claimed & split, SOL dividend, basket profit realized, native buyback). Browse them all on the tokens directory.

The PFG token

PFG is a Token-2022 SPL token on Solana mainnet. Holding it is the only requirement to receive distributions — there is no staking contract, no lockup, and no registration. Your share of each airdrop equals your share of the eligible supply at that distribution's snapshot.

Liquidity: the primary market is the PFG/SOL Meteora DAMM v2 pool (whose fees compound the desk — see above). Follow @PFGlitch for announcements.

Contracts & addresses

Every airdrop appears as plain SOL transfers from the treasury wallet; every trade appears as an Imperial order routed to the underlying perp venue from the same wallet. Audit at will on Solscan or any Solana explorer.

Public API

Everything the dashboard shows is available as JSON at https://api.pfglitch.com — no key required:

Build bots, trackers, or dashboards on it. Data refreshes continuously from the live keeper.

Risks & disclaimers

• Leverage risk. The desk trades up to 8×. Stops and the kill-switch bound but do not eliminate loss; a violent gap can liquidate a position before the stop fills. Treasury principal can shrink — in adverse conditions, severely.
• Model risk. The AI manages exposure; it does not predict markets, and no one can. Expect losing decisions, losing hours, and losing streaks — they will be visible in the journal, on purpose.
• Venue & protocol risk. The desk depends on Imperial and the perp venues it routes to (Jupiter, Flash, Phoenix, GMTrade), Meteora, and Solana itself. Venue downtime can block or delay opens and closes; smart-contract bugs, oracle failures, or network outages are real risks.
• Infrastructure risk. The keeper is an off-chain process. It is supervised, auto-restarting, and its protections (stops, kill-switch) run locally — but downtime can still delay decisions or sweeps.
• No guarantees. Past payouts do not promise future ones. PFG is not an investment contract offering; nothing here is financial advice. Only commit what you can afford to lose entirely.