Live on HyperEVM
Trade our capital.
Keep 90% of the profits.
Hit a 10% target without breaching the loss limits and you get a funded account. The rules are enforced by a smart contract, and when you withdraw, you call the payout yourself. Nobody approves it.
We pay the evaluation fee for a limited number of seats. You keep the account and everything it earns. You will need a crypto wallet.
- Profit target
- 10%
- Max loss
- 6%
- Daily loss limit
- 3%
- Your split
- 90%
The part nobody says out loud
Every prop firm is the house.
When you fail a challenge, your fee is somebody's revenue. When you pass and withdraw, somebody's balance sheet pays for it. That somebody is the firm, on the other side of your trade, deciding privately how much of that it wants to carry.
We are the house too. The difference is that our side of the table is a vault you can read, and one you can join.
Capital backing payouts right now
$10,120.00 USDC
This is the whole bankroll. It is not a marketing number and there is no second, private book behind it — if it is small, you can see that it is small.
Read the vault yourself →Anyone can deposit into that vault and take the house side. That is the part a firm funded by investors cannot copy — opening the house to the public gives away the thing their backers bought.
Policy vs. mechanism
A rulebook is a promise. A contract is a mechanism.
Most of this industry has become very good at publishing commitments. A commitment is only as firm as whoever holds the pen. So ask a different question about any claim you read, ours included: who can change this, and what physically stops them?
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“Rule changes will never be applied retroactively.”
Your challenge’s rules are fixed in the contract at creation. There is no setter.
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“Payouts are processed within 24 hours.”
You call payout() and the USDC moves in that transaction. There is nothing to process.
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“We reserve the right to terminate an account for prohibited conduct.”
A breach is a number crossing a threshold in code. Anyone can check it, on chain.
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“Our published rulebook applies to everyone equally.”
The rules are stored per challenge. Read yours directly and compare.
The test
Eight questions worth asking any prop firm.
These are the questions we think decide whether a firm can quietly change its mind about what it owes you. Here are our own answers, including the two we fail. Every one links to something you can check without taking our word for it.
| The test | FairProp |
|---|---|
| Rules live in a contract, immutable once set | Yes Every rule is written into the challenge at creation and there is no setter to change it. Not policy — there is no function. Read the rules on chain → |
| Contract source public and verified | Yes All three contracts verified on hyperevmscan. Compare the source to the bytecode yourself. Verified source → |
| No admin key that can void an account | Yes There is no owner and no admin function. The setters that wired the contracts together were removed, deployer() reads 0x0, and the one remaining wiring call reverts even from the address that deployed it. No key can mark an account failed. Call deployer() yourself → |
| Contract reads prices trustlessly, with no off-chain reporter | Yes Orders fill at Hyperliquid’s mark price, read from precompile 0x806 in the same transaction. The contract fetches it — nobody reports it. See MARK_PX_PRECOMPILE → |
| The counterparty — the house — is public | Yes The house is an LP vault anyone can read and anyone can join. Balance, deposits and every payout are on chain. Read the vault → |
| Trader triggers their own payout, with no human gate | Yes payout() is callable only by the account wallet. No queue, no review, no approval — the USDC transfer happens in the same transaction. Read payout() → |
| Enforcement is code anyone can run, not a decision someone makes | Yes Evaluating a challenge is a public function — no key, no role, no review. We run the process that calls it today; if we stopped, anyone could call it and the outcome would be identical. Read evaluateChallenge → |
| Third-party audit | No None. The contracts are unaudited and largely AI-written. We would rather say it here than have you find it. |
Scroll right for more →
We publish the rows we fail because a firm that only shows you its good rows has told you nothing. If you find a ninth question we should be answering, we would rather hear it than not.
The rules
Set once, when your challenge is created.
These are written into your challenge at the moment it starts and there is no function to change them afterwards — not for you, not for us. You can read the exact values stored against your own challenge id.
- Profit target 10%
- Reach it and you earn a funded account. No minimum trading days, no consistency rule.
- Max loss 6%
- A static floor measured from your starting balance. It never trails up behind your profits, so the further ahead you get, the more room you have.
- Daily loss limit 3%
- Measured against the equity you opened the day with, so the budget grows and shrinks with your account.
- Profit split 90%
- Your share of funded-account profits, paid by the contract, not at anyone’s discretion.
- Max leverage 5x
- Across every market. On mainnet, thin markets are additionally capped at whatever Hyperliquid itself allows.
- Taker fee 0.045%
- Charged on open and close, matching Hyperliquid’s oracle-fill rate.
- Execution spread 0.01%
- Every fill is priced off the mark, moved this far against you — buys above it, sells below. Fixed in the contract, identical for every trader and every market.
- Time limit None
- Trade until you pass or until you hit a loss limit. There is no clock and no best-day rule.
What is wrong with this, so far
The things we would rather you heard from us.
A product whose whole argument is “read the fine print” does not get to have fine print. So this is not in a footer and it is not in a terms page.
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The contracts are AI-audited, not firm-audited
Largely AI-written, and reviewed the same way — a multi-agent audit, not a licensed firm. It already caught 2 CRITICAL and 6 HIGH findings in an earlier deployment and left 35 regression tests behind. No firm in this category has published a licensed audit either, us included — the difference is that we are telling you before you look.
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Nothing is set aside with your name on it
Payouts come out of one shared pool, so what you can be paid is limited by what is in it. Two things work in your favour: the contract stops selling new challenges once the pool is already backing enough funded accounts, and the balance is public, so you can check it before you pay for anything. What none of that gives you is a promise the money will be there when you win — nobody can honestly make that promise, and a firm that does is telling you something it cannot know.
Check the pool balance → -
Stop-losses are not on-chain orders
Market orders go straight to the contract from your own wallet. Limit, take-profit and stop-loss orders do not — you sign them, and a service we run submits them when the price is hit. If that service is down or its price feed drops, your stop does not fire. That has happened. Size your risk knowing that a stop here is our infrastructure keeping a promise, not the contract enforcing one.
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The house profits when traders fail — and anyone can be the house
Evaluation fees are the revenue, and that is true of every prop firm. Two things differ here. The house is a vault anyone can deposit into, including you, so it is not a company on the other side of the table — it is whoever funded it. And when a funded trader wins, that vault pays them 90% of the profit in real USDC, so the loss lands on the people who put the money in. What is on offer is published odds on a public book, not anyone wanting you to win.
Read the vault →
Take a seat
We are paying the evaluation fee for a limited number of traders. Pass and the funded account is yours, along with every payout it makes. We keep no share of it.
Apply for a seatOr read the house
The vault, the rules and every payout are public. We are not asking you to deposit into it — it is a canary holding a token amount, and the code is unaudited. Go and look anyway.
Open the vault contract