Funded accounts & payouts
Once an evaluation passes, the account converts to funded: same simulated trading, real payouts. This page covers how much a trader keeps, and where the money that pays them actually comes from.
A payout arrives in your wallet as the firm's own token rather than as a bank transfer. You passed. Now what? covers why, how you sell it, and what the real risks are. Read it before you buy an evaluation rather than after you earn a payout.
The split
Each firm sets its own trader profit split, and it is the only economic dial a firm controls; leverage is platform-set and adjusted by the risk engine, not by the firm. At the platform's healthiest risk tier, the reference split is 80% to the trader, 20% retained by the firm's stakeholders (owner, stakers, buyback, treasury, and a slice to the cross-firm ).
Whatever split a trader is shown at the moment they purchase an evaluation is locked into that account's on-chain rules for its entire life. It can be adjusted downward later on profit above a size-based soft cap, but it can never be raised above what was locked in, an evaluation lever can only ever cost a trader less of their upside than promised, never more.
Where payout money comes from: the waterfall
A payout doesn't wait on a single pool of money. It draws from four layers, automatically, in order:
1. The firm's own treasury. A curve buy, treasury SOL purchases the firm's token and delivers it to the trader. This is the default path for a healthy firm and clears fastest.
2. The firm's token reserve. A fifth of a firm's entire token supply is minted directly into a reserve vault at launch, specifically to deliver payouts without needing to buy off the open market.
3. The backstop pool. Outside capital, staked voluntarily by investors in exchange for yield, that exists specifically to cover a payout a firm's own treasury and reserve can't.
4. The Universal Treasury Pool. A cross-firm shared vault, funded by a small slice of every firm's fees platform-wide, used only once a firm's own treasury, reserve, and backstop are all exhausted.
Figure — where payout money comes from, in order
1. Firm treasury
A curve buy: treasury SOL purchases the firm's token and delivers it to the trader. The default path for a healthy firm.
2. Token reserve
A pre-minted vault, 20% of the firm's supply, delivers directly with no market purchase needed.
3. Backstop pool
Outside capital, staked voluntarily for yield, that exists specifically to cover what the firm's own funds can't.
4. Universal Treasury Pool
A cross-firm shared reserve, used only once every layer above it is exhausted.
Draining these layers is itself a risk signal. The engine re-reads them every sweep: an empty firm treasury caps the firm at Standard, an empty token reserve on top of that at Strained, and nothing left at any layer is Critical immediately. A firm cannot spend its way down the waterfall while still selling on its best terms.
The full mechanics of each layer, including how a brand-new firm has real liquidity from day one, are in Tokenomics & liquidity.
Getting paid fast on a first win
A brand-new wallet's very first payout, the smallest, best-understood obligation a firm will ever owe, doesn't have to wait out the full settlement window. It can be advanced immediately out of the settlement staging vault, bounded by three caps checked together: a 2% instant-exposure limit on the firm's treasury, a 6% daily velocity limit on total advances, and a limit of half the claimed payout amount. Beyond a first payout, settlement speed scales with firm health: a firm paying from its own solvent treasury clears a withdrawal in well under an hour; the window only extends when a firm is drawing on the shared backstop layers.
If a payout is capped, it's delayed, never denied
A firm's payout policy can cap how much leaves at once during a busy stretch. When a request exceeds that cap, the allowed portion pays immediately and the remainder is scheduled to release on the next cooldown cycle rather than sitting in the tradeable account exposed to further trading risk. Every dollar earned reaches the trader; only the schedule ever moves.