How does Liq work?
Three steps. One week. Real money on Hyperliquid.
Enter
Pay $25 USDC on Arbitrum One. Connect your Hyperliquid wallet and sign an attestation. Your entry is live within minutes.
Trade
Trade your own Hyperliquid perp account all week. No bots, no copy-trading. Your P&L, drawdown, and volume are tracked on-chain.
Win
Top 10% of eligible entrants split the pool. Payouts hit your Arbitrum wallet automatically on Sunday settlement.
Rules
Min and max entrants
Each Run needs at least 5 paid entries to activate. If it closes below minimum, the Run is voided and entry fees are refunded. The max entrants is implied by pool cap divided by entry fee.
Ranking formula
Score = contest return / (1 + max drawdown). Return uses trading P&L over time-weighted capital. Deposits and withdrawals are ignored for ranking.
Prize ladder examples
5 entrantsTop 2 paid70% / 30%
12 entrantsTop 3 paid60% / 25% / 15%
28 entrantsTop 4 paid50% / 25% / 15% / 10%
60+ entrantsTop 10% paid35% / 20% / 15%, then a descending tail
FAQ
How is scoring calculated?+
Score = return_pct / (1 + max_drawdown_pct). High return with low drawdown wins. Deposits and withdrawals don't affect your equity curve — only trading P&L counts.
What are the eligibility rules?+
At least 5 trades, $500 total notional volume, 2 distinct instruments, starting equity ≥ $100, and no mid-week deposit > 2× starting equity.
How do payouts work?+
After platform rake, paid places scale with field size: 5-9 entries pay top 2, 10-19 pay top 3, 20-49 pay top 4, and 50+ pays top 10%. The split always descends by rank, so lower ranks never receive more than higher ranks.
How can I verify results?+
Every settled week publishes a full audit bundle to IPFS — every snapshot, trade, and payout. The scoring engine is open source. Anyone can re-run it against public Hyperliquid data.
Who is eligible to enter?+
Anyone except residents of US, UK, EU member states, China, and India. You need an active Hyperliquid account with trading history.
What is the rake?+
Liq takes 20% of the gross prize pool as platform rake before distributing winnings.