Key Parameters

Parameters are encoded in smart contracts. The rule version applied to your challenge is recorded on-chain at purchase and cannot change mid-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%

Parameter

Value

Account sizes

25k / 50k / 100k (simulated USDC)

Structure

One-step (10% target) or two-step (10% / 15%)

Daily drawdown

Max loss

6% (static, equity-based)

Profit target

10%

Minimum trading days

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

Challenge Vault (fixed)
Direct Vault (configurable)

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

Get Started

For Traders

For LPs

For Managers

About

Challenge & evaluation

Funded demo

Vault economics

LP-side configurables

Risk & access controls

Oracle & treasury

​Challenge & evaluation

​Funded demo

​Vault economics

​LP-side configurables

​Risk & access controls

​Oracle & treasury

Challenge & evaluation

Funded demo

Vault economics

LP-side configurables

Risk & access controls

Oracle & treasury