Why it exists
The demand for trading capital that produced thousands of prop firms in forex is now appearing around Hyperliquid and its builder codes. Retail prop firms sell an exam, keep the funded account simulated, and keep the option to refuse the payout. Proportion is built the other way round. The capital is real and held in a vault on HyperEVM, the trading runs on HyperCore, the rules are contract code, and the payout goes to the trader’s address right away. The builder prepays the account’s drawdown, and that money is spent before LP capital, so a blown account costs the person who funded it.How it fits together
A shared vault holds LP capital and allocates it into isolated funded accounts. Each account trades on Hyperliquid under rules the protocol enforces: a floor below which the account closes, an allowed-market list with a leverage cap per market, and the terms of withdrawal and closure. An off-chain risk engine watches every account and closes it when it breaches its floor. The engine can only trigger what the contract allows, works through API wallets, and holds no funds.Mission
Build a good tool for prop trading.Next
Trade
Funded accounts and trader rules
Challenges
Escrowed evaluations, and what is on-chain today
Build
Prop-firm infrastructure for builders
Vault
Who funds the accounts, and what it earns
SDK
TypeScript client, docs coming soon
API
REST and GraphQL, docs coming soon