At a glance
What do Propr's onchain records show?
Propr rewards are transferred onchain in USDC, so anyone can verify transfer records on the blockchain. A-book trades sent to Hyperliquid are recorded onchain; B-book trades handled internally are not. Records show past events and do not guarantee future payments.
Source: Official Propr Rulebook ↗ · Verified 2026-09-27
01MEANING
On-chain means recorded on a public ledger.
Transactions recorded on a blockchain can be looked up using a public address or transaction hash. Independent observers can inspect the same record.
Separate the recorded event from its interpretation. An address or transfer alone does not establish ownership or the reason for payment; cross-check official disclosures.
An address identifies a sending or receiving destination. A transaction hash identifies one recorded transaction. Start with the records linked by Propr itself.
How to read the official screen.
Select a number to view the relevant area and explanation.
Read the metric labels.
TOTAL PAYOUTS and PASS RATE measure different things. Read each label and its scope before comparing values.
- 01Transaction hash
- Identifies a specific record. Cross-check the link published by the official service.
- 02Sender & recipient
- Shows the addresses involved. Ownership needs confirmation against official disclosures.
- 03Asset & amount
- Identifies the transferred asset and quantity. An amount alone does not explain the reward breakdown.
- 04Time & status
- Check when and whether processing succeeded. Past payments do not guarantee future ones.
02PUBLIC
Trade records and payout records are different.
The rules say A-book entries, exits and liquidations routed through Hyperliquid can be checked on-chain. B-book transactions are internal records and cannot be checked the same way.
USDC reward payments are a separate process from execution. Use officially published addresses or history to inspect recipient, amount, time and transaction status.
Identify the record through the official dashboard, then match the published address or transaction hash. Matching an amount alone does not establish who received a reward.
03METRICS
Every metric has a period and a definition.
The Transparency Dashboard covers payouts, evaluations, participants, revenue and hedging. Check whether a figure is cumulative or period-specific, and which accounts are included.
A loading zero or unavailable value is not a verified result. This guide links to the official dashboard rather than republishing live values whose retrieval and definition have not been confirmed.
Cumulative and daily payouts cover different periods. Payment counts are not unique recipients: a person may receive multiple transfers.
04LIMITS
A public record does not answer everything.
On-chain records cannot establish all internal B-book activity, every simulated account's history or future payment capacity. Past payments do not guarantee future rewards.
The rules also disclose conflicts related to execution discretion and evaluation fees. Read contractual conditions and risk disclosures alongside the public records.
INSIDE THE SYSTEM
Concept diagram based on official rulesA terminal and an evaluation.
Manage charts, orders and positions in a dedicated interface. All accounts, including funded accounts, are simulated.
Explore the detailsFAQ
FAQ: Propr onchain payout records
QDoes Propr really pay rewards?
ARewards are transferred onchain in USDC, and the official rules commit to publishing payout history. Anyone can verify transfers, but past records do not guarantee future payments.
QAre all my trades recorded on the blockchain?
ANo. A-book trades are recorded on Hyperliquid; B-book trades are not recorded onchain. You can check how each trade was handled on the dashboard.
QWhat can public data tell me?
AThe Official Rulebook commits to publishing payout history, total Evaluations, pass rates, total payouts, firm-level P&L and the A-book/B-book ratio.
Glossary
Terms on this page, explained simply.
- Onchain
- Recorded on the blockchain. Anyone can later verify the date, amount and destination of a transfer.
- USDC
- A crypto asset (stablecoin) designed to maintain the same value as the US dollar. Propr rewards are transferred in USDC.
- A-book / B-book
- A-book sends orders to Hyperliquid for live execution; B-book records them and calculates P&L internally. P&L is identical for both, and the method is shown for each trade.
- Hyperliquid
- The decentralized crypto exchange used as Propr's trading venue. Trading is limited to perpetual futures.
Rulebook / Transparency
Publication commitments and disclosed conflicts of interest.
Published data (aggregate)
- Reward payment history (onchain)
- Total Evaluations
- Pass rate
- Total payouts
- Firm-level P&L
- A-book / B-book ratio
Disclosed conflicts of interest
- Execution discretion: B-book profit moves inversely to trader profit. Propr addresses this by labeling every trade.
- Entry-fee model: harder Evaluations can generate more revenue for the firm.
- Third-party revenue: not shared with traders.
- Hedging decisions: may not align with traders' interests.
SourcesOfficial Propr Rulebook↗