Parameters are encoded in smart contracts. The rule version applied to your challenge is recorded on-chain at purchase and cannot change mid-evaluation.
Challenge & evaluation
| Parameter | Value |
|---|
| Account sizes | 25k / 50k / 100k (simulated USDC) |
| Structure | One-step (10% target) or two-step (10% / 15%) |
| Daily drawdown | 4% |
| Max loss | 6% (static, equity-based) |
| Profit target | 10% |
| Minimum trading days | 5 |
| Profit concentration cap | 40% |
Funded demo
| Parameter | Value |
|---|
| Tier 1 split (0 → +15%) | 80% trader / 20% firm |
| Tier 2 unlock threshold | +15% cumulative profit |
| Tier 2 split (+15% onward) | 50% trader / 50% firm (incremental) |
| Demo size scaling (Tier 2) | +25% every 60 days, capped at 2× starting |
| Vault opening trigger | Automatic at +15%, parallel to demo Tier 2 |
| Real-vault firm seed | 10% of starting demo size |
Vault economics
| Parameter | Value |
|---|
| Performance fee | 20% fixed, HWM-protected, per-LP cost basis |
| Fee split | 80% trader / 15% LPs / 5% protocol |
| LPs keep | Residual 80% of total profit |
| Parameter | Value |
|---|
| Performance fee | 10–30% (manager picks at creation) |
| Fee split | 90% manager / 5% protocol / 5% insurance |
| Manager stake | 5% of expected TVL, locked 3 months, visible on-chain |
| Min track record | 6 months continuous, verifiable |
| Min realized PnL | $50,000+ |
| Max DD in track record | 15% trailing 6 months |
| Initial TVL cap | 50K–250K by track-record strength |
LP-side configurables
Set by the manager at vault creation.
| Parameter | Default | Manager can set up to |
|---|
| Min LP deposit | $100 | $50,000 |
| Lockup period | None | 30 days |
| Cooldown before withdrawal | Optional 7 days | Configurable |
| Weekly redemption cap | 20% of AUM | Configurable |
| Early-exit penalty (during lockup) | 2% to insurance fund | 0% = no early exit |
| Withdrawal delay (post-lockup) | ~48h timelock (1h on devnet) | — |
Risk & access controls
| Parameter | Value |
|---|
| Manager-set max DD shutdown | 5% – 20% (default 8%) |
| Manager-set max leverage | 1× – 20× (default 10×) |
| Visibility — Challenge Vault | Public (default) |
| Visibility — Direct Vault | Aggregate-only (default) |
| Visibility — time-delayed option | 7-day delay before positions revealed |
| Access mode — Direct Vault | Public (default) · Private link · Whitelist |
| Rebalancing mode | Auto-immediate (default) · Scheduled 4h · Scheduled 24h |
Oracle & treasury
| Parameter | Value |
|---|
| Oracle update cadence | ~60 seconds during active hours |
| NAV divergence pause threshold | 2% |
| API downtime pause threshold | 5 minutes |
| Treasury structure | Fee vault + payout vault, Squads 3/5 multisig |
| Fee crystallization | Realized events only: LP withdrawal + monthly snapshot |
| Management fee at launch | 0% — perf fee is the only monetization model |
