FAQ
Before you put up an entry fee.
What the contract does with your money, how a rank is decided and what it costs.
Can I lose more than my entry fee?
No. Positions are synthetic and the contract floors your margin at zero, so your entry fee is the most you can lose. There is no top-up and no liability beyond what you paid to join.
Do my trades hit Hyperliquid's order book?
No. Your positions are synthetic and never touch the live order book. They are priced off the HyperCore mark precompile, the same on-chain price feed for every player.
Who holds the prize pool?
The immutable contract holds it. Entry fees accumulate in the pot on-chain, not with us. Winners claim directly from the contract once the tournament settles.
When can I claim?
After the tournament ends and settles. Claiming opens at the settle deadline and only if your terminal equity ranks top-K.
What do I need for gas?
You pay gas in HYPE, the native token of HyperEVM. The entry fee is paid in USDC; gas for joining, trading and claiming is paid separately in HYPE.
Can anyone create a tournament?
Yes. Creating a league is permissionless. Any address can create one and becomes the creator, earning the creator share when the tournament starts with enough players.
How is my rank decided?
By terminal equity: your virtual balance plus open-position value at the close, read from the contract. Higher equity ranks higher; ties break by who joined first. The leaderboard is deterministic and identical for everyone.
How is the prize pool distributed?
A 10% rake comes off the pot (8% protocol, 2% creator); the remaining 90% is the net pot. It’s split across the top-K finishers by a prize curve that is fixed when the league is created.
What is HSI?
HyperLeague Identity is a soul-bound token minted when you claim a win. It can’t be transferred or sold; it’s an on-chain record designed to build into a tier ladder (Bronze, Silver, Gold, Diamond) as you keep performing. The ladder is not implemented yet; today the token records the finish.
What are the risks of vaults?
Vaults are opt-in and separate from tournament entry. A vault deposit backs a manager’s strategy, so its value can go down as well as up. Unlike a tournament entry, a vault deposit is not loss-capped. Read each vault’s terms before depositing.
Who can enter?
Anyone with a wallet on HyperEVM. You need USDC for the entry fee and HYPE for gas. Some private leagues restrict entry to an allowlist set by their creator; public leagues are open to all.