Last verified 2026-08-05 against the protocol's current economics.

Operating a firm

Launching a firm means putting your own brand, storefront, and pricing on top of the shared protocol, , the risk engine, the on-chain settlement layer, without building any of that yourself. The Operator quickstart is the five-step walkthrough; this section is the full reference, in order:

PageCovers
Launching a firmCost tiers, what the launch fee sets up automatically, the two-phase deploy, going live
Operator economicsHow you earn, vesting, what your treasury is actually for
Growing your firmPricing, the affiliate program, marketing automation
Operator risk & lifecycleThe risk engine from an operator's view, the security bond, bankruptcy, and why there's no voluntary exit
Operator FAQEvery specific question, answered directly

What's controlled vs. what's locked

The one thing worth understanding before anything else:

Operator-controlledPlatform-locked
Branding and storefrontCore evaluation rulebook (profit target, drawdown, daily loss, minimum days)
Pricing, within a guided rangeAll risk management (the Autonomous Risk Engine)
Profit split, above a floor the chain enforcesTrading mechanics (SimCore)
Affiliate approvals and marketingLeverage, which the risk engine sets and adjusts
Which account sizes you may sell, decided by your treasury
The and settlement process
The security bond and slashing mechanism
Team roles and permissions, which are privilege management

Every firm competes on brand, pricing, and service, not on quietly relaxing the rules to sell more evaluations. That single design choice is what the rest of this section builds on.

The one rule that shapes everything else

A solvent firm runs indefinitely; there's no operator-initiated shutdown. Understanding why, and what that means day to day, is covered fully in Operator risk & lifecycle, it's the most important page in this section to read before you launch.