Big shoutout to @payoutjunction for the in-depth breakdown of Hypernova.
We didn’t have to provide a single API endpoint or access to our database. They could read it all directly from our public contracts and wallets...
Individual account pay-ins and payouts, pass rates, assessment revenue, margins before other costs, reserves and much more — all independently verifiable onchain.
Proud to say we’re the only prop firm with this level of verifiable platform transparency. This is why we built onchain. Traders shouldn’t have to take anyone’s word for it.
Looking forward to see what you all surface next!
@AlvaroCFT Check them out here: https://t.co/0QzTQeNQEm
They're all derived from public, verifiable, onchain data.
Calculated based on resolved accounts.
@Osbrah@rougefonce_ We have never claimed to be the “cheapest”.
Here are the claims we do make: we have the highest pass rates across comparable accounts, the fastest payouts, no swap fees, and full verifiable business transparency.
You should try us out: https://t.co/NB45fReQcD
@rougefonce_ To clarify...
$2.7k is for our most permissive account with 4% DD & 7% MD.
It has the highest pass rates in the industry - sitting at 31%.
@rougefonce_ To clarify...
$2.7k is for our most permissive account with 4% DD & 7% MD.
It has the highest pass rates in the industry - sitting at 31%.
@tradernurseusa@VestExchange I hear @HypernovaX has the fastest payouts :)
5.9s click to wallet. Try us out: https://t.co/NB45fRein5
https://t.co/OG5JVaGhtP
September was our biggest month for payouts, volume and activity. Thank you to all our traders! It also put our instant payout system through its biggest test yet.
We built Hypernova’s business logic into smart contracts: account rules, state and payout eligibility. Traders interact directly with those contracts to get paid from our onchain reserve.
The harder part was building risk detection around this. Instant settlement means we need to catch abuse during trading, rather than relying on a withdrawal review queue. We built our in-flight checks from scratch for that reason.
Making sure this scales is a big reason we’ve stayed in closed alpha/beta. September’s payouts averaged 5.9 seconds from click to wallet. By far the fastest in the prop space. There’s still work to do, but we took the harder path, and I’m glad we did.
Massive shoutout to our amazing team. A lot of engineering behind a simple experience: click, get paid.
@gigaprop@perpv2@archietradesea1 1) They are the counterparty. If Vest is the Prop firm, the exchange and the only market maker on their exchange - then who is the couterparty?
2) Justin has also said "we win when you win". See below...
https://t.co/1TWrSaPvoR
This happens because all of the prop firms out there are B-Book. You are trading against the house, and the house doesn't want you to win.
We are the only A-Book prop firm. We win when our traders win. This is why our users receive their payouts in seconds.
“We win when you win” is an easy promise to make when nobody can check the books.
I generally avoid industry drama, but seriously misleading claims deserve scrutiny. Especially when they concern how a prop firm makes money.
For challenge-based prop firms, fees generate revenue and payouts are an expense. A trader making $10,000 doesn’t mean the firm earned $10,000 in the market. An 80/20 split means the firm owes the trader $8,000. It doesn’t mean the firm earned $2,000.
Some firms partially hedge payout exposure. That’s different from fully A-booking every funded trader. Routing trades to an exchange, including your own, doesn’t answer the key question: who ultimately carries the risk? If the firm or an affiliate retains the opposing risk, trader profits still cost that business money.
Crypto’s principles of transparency and verifiability should extend to how firms operate. At @HypernovaX, traders can check fees, payouts and reserves onchain, alongside account records showing bans, restrictions and live pass rates by account type.
The standard should be simple: traders can verify what firms claim. Ours included.
“We win when you win” is an easy promise to make when nobody can check the books.
I generally avoid industry drama, but seriously misleading claims deserve scrutiny. Especially when they concern how a prop firm makes money.
For challenge-based prop firms, fees generate revenue and payouts are an expense. A trader making $10,000 doesn’t mean the firm earned $10,000 in the market. An 80/20 split means the firm owes the trader $8,000. It doesn’t mean the firm earned $2,000.
Some firms partially hedge payout exposure. That’s different from fully A-booking every funded trader. Routing trades to an exchange, including your own, doesn’t answer the key question: who ultimately carries the risk? If the firm or an affiliate retains the opposing risk, trader profits still cost that business money.
Crypto’s principles of transparency and verifiability should extend to how firms operate. At @HypernovaX, traders can check fees, payouts and reserves onchain, alongside account records showing bans, restrictions and live pass rates by account type.
The standard should be simple: traders can verify what firms claim. Ours included.
“We win when you win” is an easy promise to make when nobody can check the books.
I generally avoid industry drama, but seriously misleading claims deserve scrutiny. Especially when they concern how a prop firm makes money.
For challenge-based prop firms, fees generate revenue and payouts are an expense. A trader making $10,000 doesn’t mean the firm earned $10,000 in the market. An 80/20 split means the firm owes the trader $8,000. It doesn’t mean the firm earned $2,000.
Some firms partially hedge payout exposure. That’s different from fully A-booking every funded trader. Routing trades to an exchange, including your own, doesn’t answer the key question: who ultimately carries the risk? If the firm or an affiliate retains the opposing risk, trader profits still cost that business money.
Crypto’s principles of transparency and verifiability should extend to how firms operate. At @HypernovaX, traders can check fees, payouts and reserves onchain, alongside account records showing bans, restrictions and live pass rates by account type.
The standard should be simple: traders can verify what firms claim. Ours included.