For Individuals

The Individuals track is the self-serve path on Perps.fun. Anyone can submit a market proposal on app.perps.fun at no cost. After quant review, an on-chain vault opens; backers deposit stablecoin into the vault in exchange for vault shares. If the vault hits its target, Perps.fun acquires the HIP-3 ticker from the raised capital and lists the market. The vault then receives the deployer fee share and pays it out to shareholders.

The track suits proposers without capital to buy a HIP-3 ticker outright and without a market-maker relationship. Teams that want to launch a slate of markets through a partnership are better served by the Teams track.

The proposer's role

The proposer submits the proposal, iterates with the quant team if it needs revisions, and optionally promotes the vault during the bonding window. Capital is not required. The proposer is minted 10% of the vault's total share supply at bond, which entitles them to a pro-rata stream of fee revenue for the life of the market.

Section index

• How it works. End-to-end flow.
• Proposing a market. The /propose form.
• Quant review. What reviewers check.
• Vault. How the on-chain vault works.
• Going live. What happens after the vault hits its target.
• Trading. Post-launch app surfaces.
• Fees and revenue. How vault shareholders earn.
• FAQ. Common questions.