How it works
End-to-end flow for the Teams track on Perps.fun.
The Teams flow has five stages.
1. Apply
A team applies through @Perpsfun_bot on
Telegram. The bot collects project details, market intent, and team
status. The flow takes about 60 seconds. See
Apply.
2. Approval and dashboard access
Approved applicants receive a deep link to create a private Telegram
group and a magic-link invite to
dashboard.perps.fun for each team
email. Dashboard access does not require a signed agreement; the team
can draft tickers and iterate with our quant team before any
contractual commitment. See
Partner dashboard.
3. Ticker proposal
The team creates a ticker proposal through a seven-section form covering market definition, data robustness, oracle configuration, leverage and margin, funding and edge-case handling, go-to-market plan, and supporting material. See Submitting a ticker.
4. Quant review
The Perps.fun quant team reviews each proposal. Outcomes are approval, conditional approval, revision request, or rejection. See Quant review.
5. Launch
Once a proposal is approved, Perps.fun and the team sign the partnership agreement and coordinate the HIP-3 deploy auction funding through the Telegram group. After ticker acquisition, Perps.fun lists the market on Hyperliquid, configures margin and funding per the approved proposal, and starts the oracle relayer. Up to 50% of the deployer fee share routes to the partner address. See Going live and Fees and revenue.