SHORT FAMILY
$SFAM
Est. 1609 · Amsterdam → On-chain
SELL WHAT YOU DON'T OWNFamily motto since 1609
In 1609, Isaac le Maire borrowed shares of the Dutch East India Company in Amsterdam and sold them: the first recorded short sale. Four centuries later the family wears matching black-and-yellow tracksuits and runs the same business on-chain: borrow the asset, sell it, buy it back, return it.
$SFAM is the commemorative meme token of the Short Family. Chain, contract address and allocation are TBD.
The Family · 11 + 1
11 current members, all in the black tracksuit with yellow trim. Seat No.12 stays vacant until you sign.
No.01Rainbow Shades Cat
No.02Beanie Dog
No.03Viking Dog
No.04Red Shiba
No.05Blue Fuzz
No.06Green Frog
No.07Monkey
No.08Yellow Frog
No.09Side-eye Shiba
No.10Big Mouth Cat
No.11White CatGenealogy · 1609 – 2026
Ordered by how the trading mechanism was passed down, not by blood. Each generation steps one notch right and down. Dashed lines are side branches; † records the cause of death; d.s.p. means died without issue.
Gen. I · Founder
c.1558 – 1624 · Amsterdam
Borrowed shares of the Dutch East India Company (VOC) and sold them: the first recorded short sale. The VOC was then the largest listed company in the world, and the market had traded in one direction only. The Dutch banned short selling in 1610; the ban was reissued several times and short selling never stopped.
Gen. II
1794 – 1865 · New York
Built his fortune shorting in the 1830s and 1840s, the first Wall Street trader known for it. The family title The Great Bear of Wall Street starts with him.
Gen. III · Two of a generation · The Erie war
1797 – 1879 · Erie treasurer
"He who sells what isn't his'n, must buy it back or go to pris'n."
A cattle drover in his early years. The term watered stock is said to come from his habit of letting cattle drink before a sale.
1836 – 1892 · New York
Allied with Fisk and Drew against Vanderbilt's long position. The long-short battles of the era turned shorting from a tool of a few into standard Wall Street practice; members of Congress called short sellers “enemies of the nation”.
Gen. IV
1877 – 1940 · New York
Held net short positions through the crashes of 1907 and 1929; his 1929 profit is reported at about $100 million. After Jacob Little, the second family member called The Great Bear of Wall Street.
Family event · House rules adopted
After the 1929 crash the public demanded a ban on short selling. The SEC did not ban it and introduced the uptick rule instead: a short sale may execute only on an uptick. Shorting gained a legal framework and institutional money followed.
Family event · New branch
On April 26 the Chicago Board Options Exchange opened with call options on 16 stocks; puts were added in 1977. The Black-Scholes pricing model was published the same year. Trade directions expanded from 2 to 4.
Family event · Moved into crypto
Perpetual swap launched in May 2016, the first shorting tool in crypto.
Family event · Went mainstream
Perpetual swap launched in September 2019. BTC 30-day annualized volatility fell from above 150% in the 2017 bull market to 60–90% in the 2020–2021 bull market; the derivatives share of crypto volume rose from under 10% in 2017 to about 90% by March 2026.
Side branchD.S.P. 2025
fl. 2023 H2 – 2025 Q3
Exchanges listed altcoin perpetuals at a pace of roughly one per week, while altcoin volume and activity declined over the same period. The branch died without issue.
Gen. V · Heir
Borrow real tokens through overcollateralized lending, sell them into a spot AMM to create real sell pressure, then buy back and repay after the price falls.
Claim the seatCode of Conduct
Six rules of conduct for family members.
Every short must be backed by real borrowed tokens sold on the spot market. Synthetic positions do not count as family assets.
Every short contains an immediate sell order and a buy order that must execute later. What is sold must be bought back and returned.
"...must buy it back or go to pris'n." D.DrewOnly the spot price counts. Spot margin has one market, so perp and spot cannot decouple.
Priced at the borrow rate, which lending supply and demand sets and the long-short ratio cannot distort. The family does not pay manipulated funding rates.
Shorting is subject to rules. The principle set by the 1938 uptick rule: regulate shorting, do not abolish it.
Longs and shorts trade against each other with real capital on the spot market; a price is credible only after shorts have tested it.
When criticism is not allowed, praise loses its meaning. When shorting is not allowed, going long loses its meaning too.
@agintender · 2026.04.15
Member Card
Pick a look and sign to generate member card No.12. Your signature stays in this browser and is never uploaded; a screenshot of the card is your proof of membership.
Seat No.12 · Heir seat
Borrow real tokens through overcollateralized lending, sell them into a spot AMM to create real sell pressure, then buy back and repay after the price falls. Liquidation references the live AMM price.
| Dependency | Perpetuals | Spot margin short |
|---|---|---|
| Two-sided market maker quotes | Required | Not requiredLending protocol supplies, AMM executes |
| Oracle peg | Required | Not requiredLiquidation uses the live AMM price |
| Funding rate | Required | Not requiredBorrow rate only |
| Listing approval | Required | Not required |
| Spot sell pressure | None | Yes |
Tokenomics
The proposed supply follows the founder's year, 1609. All parameters become final at contract deployment.
How to Buy
Pick a wallet for the chain. Chain: TBD.
Deposit the chain's native token for the swap and gas.
Paste the contract address into the DEX (TBD) and swap. Trust only the address published on this page.
Generate member card No.12 in the signing section.