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This is a closed mainnet beta. All parameters described below are subject to change. Fees, leverage caps, deposit limits, orderbook state, PNL, and balances may be reset or adjusted as we progress through each beta phase. The only guaranteed item is your initial $25 deposit.

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Markets

World Cup events are the only markets available at launch. Additional markets will be introduced as we progress through subsequent beta phases. Fees and leverage caps will vary by market as new ones are rolled out.

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Supported Assets

USDC and USDCx are supported during the closed beta. Additional asset support will be evaluated in later phases.

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Fees

Fees are minimized during the closed beta:
Fee TypeRate
Maker0%
Taker0.05%
Settlement0%
Deposits and withdrawalsNetwork gas only — no platform fee
FundingNo funding payments during closed beta. Event-based contracts settle at resolution.
The fee structure will evolve as new markets launch. Different market types (sports, politics, crypto-native events, etc.) are expected to operate under different fee tiers. Closed beta fees should not be treated as indicative of public mainnet fees.

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Leverage

Up to 10x, with caps that vary by market based on liquidity depth and event volatility. New markets will launch with their own leverage limits.

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Deposits and Withdrawals

Near-instant deposit and withdrawal flows are the target for public mainnet. During the closed beta:
  • A $25 deposit cap per user applies for this phase.
  • The first deposit triggers AML/CTF verification, which requires additional time on initial pass.
  • Deposits route through a non-custodial liquidity bridge built in-house for this phase.
  • The end-to-end target is under 24 hours.
Subsequent flows are significantly faster once verification is complete.

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Slippage

Slippage may be elevated during the closed beta. Thin orderbooks, a limited participant set, and concentrated flow can produce meaningful price impact. Please size trades accordingly.

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What Is Guaranteed

  • Your initial $25 deposit is protected and will be refunded.
  • Orderbooks may be reset during the phase.
  • PNL, balances, and other trading mechanics may scale or reset as we progress through closed mainnet stages.
  • Incentives for closed beta participants are being structured and will be communicated separately.

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Everything Is Subject to Change

To be explicit: fees, leverage, deposit caps, markets, asset support, orderbook state, and PNL may be modified, scaled, or reset during the closed beta without notice. This phase exists to stress test the platform and surface edge cases prior to public launch.