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Activation charges you two amounts in one transaction: a buffer B, the account’s prepaid maximum drawdown, which stays your money and comes back when the account closes, less whatever the trader lost, and a premium P, which does not come back at all. The trading capital itself is not yours to fund. The vault allocates the account size A out of LP deposits, and you are charged B + P on top of it.

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What you choose at activation

Daily drawdown is not among them. It follows from the mode: an account you sponsor always carries it, an account a trader funds themselves never does. See Protocol Rules.

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The floor your drawdown buys

D sets the floor at exactly A − B, so the buffer covers the whole of the designed fall. As the trader makes money, 30 % of every gain above account size locks into the floor, and it does not come back down until the trader claims a withdrawal, which resets it to account size.
From that peak the trader may still give back 4,500ofthe4,500 of the 5,000 gain before the account closes. A close at $10,500 returns the full principal, so your buffer comes back whole. The buffer is only at risk while the floor sits below account size, and D sets how far below.

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What you pay

One account may be at most 10 % of the vault’s assets, so the vault’s size, not the ceiling in the table, sets the largest account you can open: with 25,000inthevault,forexample,thelargestaccountis25,000 in the vault, for example, the largest account is 2,500. The room grows with the vault. See How It Works.
The buffer column is the part that can come back. Whatever closes the account, you get B back less the trader’s loss of principal: a trader whose equity never fell below account size returns all of it, a trader who went through the whole drawdown returns none, and P is gone either way. D prices two things at once: how far the trader may fall before the account closes, and the whole of your buffer. The premium does not move with it. P is a share of A alone, so widening the drawdown buys the trader room with your first-loss capital rather than with a larger premium.
Sponsoring is always the 2 % tier, and it opens a 30-day subscription period. For a trader funding their own account the same 2 % buys a prepaid day, 4 % buys 7 days and 8 % buys 30 days; a sponsored activation cannot use the higher tiers.
The first sponsored month costs 2 % of account size and each renewal 1.5 %. A self-funded month costs 8 %. The spread is the price of removing the intraday brake: with no daily floor an account travels further inside one session, so it is likelier to overshoot the trailing floor on a gap, and the overshoot lands on LPs.

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What comes back

Your loss on one account is capped at B + P, the buffer you can lose plus the premium you never get back, and the refund is credited to your address for you to collect without anyone’s approval. On the profit side, every profit withdrawal and every ordinary close pays you builderPoolBps of the profit, the share you fixed at activation. On a forfeiting close the trader receives nothing and you receive 40 % of whatever profit was still in the account, the protocol takes 20 %, and the vault keeps the rest.
The buffer is real money and it is spent before LP capital is. A trader who gives back the designed drawdown costs you the whole of B on that account, and nothing you earned on other accounts is netted against it. On a sponsored account the daily floor closes a losing day at about half of B unless the close overshoots; see Protocol Rules.

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Who may activate

Any wallet holding USDC for B + P. No registration, no minimum stake, no quota tied to you, no approval step. What limits activation is the vault’s capacity, not your standing with it: the utilization ceiling, the per-account ceiling and the vault cap are on How It Works.

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Where your premium goes

The premium P splits 50/50 between the vault and the protocol, earned before the account places an order. The subscription is 1.5 % of account size every 30 days and splits the same way. You receive none of it. On a sponsored account the subscription is taken from the account’s equity, not from your wallet, and renewal requires the account to be in profit by at least the fee, with equity still above both floors once it is paid.

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Next

Protocol Rules

What the protocol enforces on the account you funded

Profit and Payouts

The trader’s side of the split, and what they receive when the account closes