Skip to main content

​
What This Prototype Builds

The evaluation engine is fully implemented: a 5-tier ladder (Watchlist → Funded → Senior Funded → Captain → Partner) that computes trader eligibility based on season points, best placement finish, and consecutive active weeks.

​
Implemented

  • Ladder configuration with point thresholds, finish requirements, and week minimums
  • evaluateFundedLevel() — walks the ladder top-down to find highest qualifying level
  • computePromotionProgress() — percentage progress toward the next tier
  • generateFundedTraderProfile() — assembles a profile from competition history
  • Revenue share projections (150-1,500 bps) displayed in the UI
  • Promotion/demotion tracking with transition history

​
Not Implemented (Requires Adrena Team)

  • On-chain capital allocation program (Anchor)
  • Treasury vault for funded trader capital
  • Revenue share distribution mechanism
  • Admin multisig for level approval/override
  • Demotion enforcement after inactivity periods

​
Why This Design

Traditional prop firms (FTMO, Topstep) charge 100−100-500 for evaluation. Adrena’s entry fees are 2−2-50 — 50x cheaper — which democratizes access while maintaining anti-sybil properties. The funded progression creates a long-term retention loop beyond one-off prize payouts:
  1. Scout/Ranger — Low-stakes entry, learn the system
  2. Veteran — Prove consistency over multiple weeks
  3. Elite/Apex — Funded-eligible, revenue share begins
  4. Captain/Partner — Governance participation, protocol advisory
Each tier requires progressively more weeks of activity, creating natural stickiness that compounds with Adrena’s season structure.

​
Revenue Share Economics

LevelRev ShareProjected Monthly (at $10M protocol volume)
Watchlist150 bps$15,000 shared across all Watchlist traders
Funded450 bps$45,000 shared across Funded tier
Senior Funded700 bps$70,000 shared
Captain1,000 bps$100,000 shared
Partner1,500 bps$150,000 shared
Revenue share comes from the protocol’s fee revenue, not a separate pool. This aligns funded traders’ incentives with protocol growth.

​
Integration Path for Adrena Team

1

Database tables

The FundedTraderProfile model is defined in prisma/schema.prisma. Equivalent SQL: sql CREATE TABLE funded_trader_profiles ( wallet TEXT PRIMARY KEY, current_level TEXT NOT NULL DEFAULT 'watchlist', season_points INTEGER NOT NULL DEFAULT 0, consecutive_eligible_weeks INTEGER NOT NULL DEFAULT 0, best_finish INTEGER NOT NULL DEFAULT 99, promotion_progress REAL NOT NULL DEFAULT 0, updated_at TIMESTAMP DEFAULT now() );
2

Admin approval flow

  • Captain and Partner tiers should require manual admin approval - Admin multisig signs a transaction promoting the trader - Demotion after 4 weeks of inactivity is automatic
3

On-chain program

  • FundedTraderAccount PDA: stores level, capital allocation, revenue share bps - promote_trader instruction: admin multisig → updates level + capital
  • distribute_revenue instruction: cron-triggered, reads fee accumulator, distributes pro-rata
4

Revenue share distribution

  • Daily or weekly crank reads total protocol fees - Pro-rata distribution based on active funded traders and their bps allocation - Vested over 7 days to prevent funded-then-withdraw gaming

​
Key Files

FilePurpose
lib/competition/funded-ladder.tsLadder config, evaluation logic, promotion computation
app/components/competition-funded-desk.tsxUI for ladder visualization
lib/competition/types.tsFundedDeskConfig, FundedTraderProfile types