Permanent capital.
Firm commitments.
The $PENIS Endowment turns every PUMP it earns into more $PENIS, and holds it forever. It is the one holder that can never pull out.
Delegation opens as soon as the contract goes live.
How it works
Landlords lend their rent. The endowment keeps the building.
The largest holders, the landlords, lend the endowment their PUMP rewards. The endowment turns that income into $PENIS it can never sell.
Delegate
One transaction gives the endowment access to your PUMP rewards and nothing else.
Collect
Once a day, it collects the PUMP your $PENIS earned that day, and never more.
Compound
It buys $PENIS in small amounts and locks it in the vault, where it stays forever.
How it spends
Every PUMP buys $PENIS.
The endowment buys in small, spaced-out amounts with whatever PUMP it holds, each priced against the pool’s recent average. Nothing is sold, and nothing is spent on anything else.
$PENIS sent to the endowment directly counts toward the goal too. At 200 million it stops taking contributions, and everything it holds stays locked.
Guarantees
Written into the contract, not promised in a thread.
- Only what your $PENIS earnedThe contract caps each day’s collection at what your $PENIS earned, and never touches the PUMP you held when you joined.
- It never sellsThe contract has no function that can sell or withdraw its $PENIS.
- You can always leaveRevoke straight from your wallet, anytime, with no permission needed.
- The pause is limitedIt can’t move funds, lifts on its own after seven days, and can’t be renewed back to back.
- Rule changes are announcedAny change to the limits, or retiring the endowment, waits 72 hours on-chain before it takes effect.
- Locked foreverAfter a public testing period, the upgrade key is destroyed. No one can change the rules.
- Everything is publicThe source code is open, and every collection and buy is posted to @PenisEndowment.
- Security reviewedThree rounds of AI-assisted adversarial review and a live launch rehearsal. See the review.
Trading creates rent. Rent keeps supply off the market.Read the landlord thesis
Status
Built, tested, and ready for the landlords.
Collection switches on once committed landlords hold 30% of all $PENIS, starting with the founding landlords. Follow @PenisEndowment for the announcement.
Open source
Built in the open, for anyone to use.
The endowment’s contract, website and automation are open source under the Apache-2.0 license. Any project with a dividend-paying coin is welcome to take the code and run an endowment of its own.
Questions
What does the endowment collect?
Only the PUMP your $PENIS earns. Each day the contract works out what every committed wallet's $PENIS earned from stonk.fun's public reward total, and collects at most that. The PUMP you held when you joined is never collected.
What if I buy PUMP or hold other coins in the same wallet?
The endowment only ever collects up to what your $PENIS earned, so PUMP you buy and rewards from other coins stay yours. We still recommend a wallet that holds just the $PENIS you're committing, so your records stay simple.
Can I commit only part of my $PENIS?
Yes. Commitment is per wallet: the $PENIS in the wallet you delegate counts, and its rewards go to the endowment. Keep the $PENIS you want to commit in one wallet and the rest in another.
Can I leave?
Yes, anytime. The Leave button revokes the delegation and removes your landlord record in one step, and revoking works from any Solana wallet without this site or anyone's permission.
Who runs it?
No one, by design. After a public testing period, the key that can change the contract is destroyed, so no one can ever change its rules or move its $PENIS, including us. Every action is posted publicly, and the endowment has no connection to the coin's creators.
What happens at 200 million?
The endowment reaches its goal. Once it holds 200 million $PENIS, whether bought or sent to it directly, it stops taking contributions and holds everything it has forever.
Can I check the code?
Yes. The contract is open source on GitHub, and every rule on this page is enforced by it.
When does it open?
Collection switches on once committed landlords hold 30% of all $PENIS, as measured by a daily on-chain count. A landlord's $PENIS counts from its second count, once it has been held from one count to the next, and every landlord's record is public on-chain.