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Funded Trader Program

Overview​

The Funded Trader Program is a protocol-level mechanism that allows skilled traders to qualify for and trade with Overlay-provided capital by first passing an on-chain evaluation.

Traders demonstrate performance using their own capital.
Upon passing, they receive access to a funded account with predefined risk limits and a profit-sharing model.

Key Properties​

  • Traders do not own the funded capital — they can only trade with it and keep profits.
  • Overlay absorbs all funded account losses.
  • Traders keep 80% of net profits.
  • Overlay keeps 20% only.

Program Flow​

Pick Your Tier → Trade & Evaluate → Pass Evaluation → Get Funded → Trade → Withdraw Profits

Evaluation Phase​

Capital Lock​

  • Traders lock an amount of capital to participate in an evaluation tier.
  • Locked capital is used exclusively for trading during the evaluation.
  • There is no limit to losses and trials during the evaluation phase.

Evaluation Criteria​

To pass an evaluation, traders must satisfy all of the following conditions:

Profit Target​

  • Reach a predefined profit threshold (e.g. +50%).

Trading Volume Requirement​

  • Generate a minimum notional trading volume (e.g. $20,000).

Minimum Trading Days​

  • Trade on at least 5 distinct trading days.

Time Limit​

  • No maximum time limit (evaluation remains open until passed or abandoned).

Evaluation parameters vary by tier and are defined at the tiers page.

Funded Account Activation​

Once evaluation criteria are met:

  • The trader receives access to a funded trading account.
  • Capital is allocated by the Overlay protocol.
  • Traders receive trading permissions only.
  • Funded capital cannot be withdrawn or transferred.

Risk Controls (Funded Phase)​

Funded accounts are governed by risk limits:

  • Maximum Daily Loss: 25%
  • Maximum Total Loss: 50%

If any risk limit is breached:

  • The funded account is automatically closed.
  • Remaining capital is preserved by the protocol.
  • The trader loses access to the funded account.

Profit Distribution​

  • Profits are calculated on funded accounts only.
  • Traders receive 80% of realized net profits.
  • Overlay retains 20%.
  • Profit withdrawals are available every 14 days.
  • Losses on funded accounts are fully absorbed by the protocol.

Eligible Markets​

  • Funded trading is limited to approved Overlay markets.
  • Certain high-variance or experimental/gambling markets may be excluded.
  • Eligibility rules may evolve over time.

Scaling & Tiers​

The program supports multiple evaluation tiers, each with:

  • Different locked capital requirements.
  • Different funding allocations.
  • Different volume thresholds.

Higher tiers unlock access to larger funded accounts.
Additional funding tiers (up to $100,000+) may be introduced in future protocol upgrades.

Current evaluation tiers and requirements are defined in the application:
https://app.overlay.market/funded-trader