Dexter whitepaper
WHAT COMES NEXT
Public backlog as of this whitepaper sync. Four buckets: live now, in flight this quarter, on deck for the next two, and a short list of categories the team has explicitly committed not to enter. Every item carries a measurable acceptance signal — not a vague theme.
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Whitepaper chapter
The next 90 days are fixed scope. Beyond that, items are tracked publicly but subject to governance votes once DXTR is live. This page is a snapshot; the live roadmap mirrors to the in-app Releases page and to the Dexter X account, with sprint-end notes published every four weeks.
#Live now
- Challenge season 1. Four packs ($49 / $99 / $199 / $299), $5K–$50K funded allocations, +10% / -4% / -8% rule set, 90 / 10 profit split, USDC-on-Base payouts. ~600 paid wallets and 12,000+ demo wallets active in the season.
- Public season leaderboard. Season Rank (weighted score) and Points Rank tables, ranked cash brackets at #1 / #2–3 / #4–10 / #11–50 / top 100, daily streak multiplier, "Verified Rewards" counter reconciled hourly against Basescan.
- Referral cash rail. 8% base unlocks on referee min-activity, +4% activity bonus on pass. Payment ID and Basescan tx hash per referral, monthly batch settlements to KYC-cleared upstream wallets, public void ledger for fraud cases.
- Quest and tier system. Six main quests (Enlist → Spoils, 1,500 XP path), 12 badges across four rarities, four loot vaults (Bronze / Silver / Gold / Diamond), seven prop-trader tiers (Initiate → Sovereign). XP persists between demo and paid.
- BTC, ETH, SOL perpetuals. Cross-margin, Pyth-backed oracle marks with Chainlink / RedStone / Uniswap V3 TWAP cross-check, maker rebate schedule, insurance-reserve-backed liquidations.
- Compliance gates. Jurisdiction blocks (IR / KP / SY / CU) and OFAC / EU / UK sanctions lists enforced at the cashier. One-time KYC at first real payout; demo never triggers it.
#In flight this quarter
- DXTR token launch. Fixed 1B supply, 40% reserved for the airdrop record (weighted by skill PnL plus referred pack volume), airdrop snapshot at the end of season 2. Vesting contracts published, market-maker depth committed before TGE.
- Mobile clients — iOS and Android. Native trading apps with the same charting, ticket, and challenge HUD as the web client. Android APK is live on the Learn footer; iOS App Store submission queued.
- Copy-trading on funded accounts. Subscribers pay a per-trade fee that splits 50/50 between the lead trader and the protocol. Lead must hold a currently-passed challenge — no demo-only leads. Subscribers see lead's drawdown and rule status in real time.
- Tradable equity perps with sessions. AAPL / TSLA / NVDA-style perps with explicit session-closed and reduced-liquidity states surfaced in the trade ticket. Listings require governance approval after DXTR launch.
- Public oracle dashboard. Per-asset source breakdown (Pyth primary, Chainlink / RedStone / Uniswap V3 TWAP cross-check), fallback ladder, mark-vs-index spread, degraded-state log. Lets third parties build independent surveillance.
#On deck for the next two quarters
- Solana payout bridge. Funded payouts on Solana via Wormhole-routed USDC. Base stays the canonical ledger — no leaderboard split, no fork of the rule engine. Adds payout-side reach without fragmenting volume.
- Team challenges. Three-trader squads with shared pooled equity, shared -4% / -8% drawdown floors, and a team leaderboard with its own cash bracket. Solves the "I trade better with a desk" friction without breaking individual accountability.
- External backstop vault. Non-trader users deposit USDC into a vault that backstops the funded-account pool. Depositors earn a percentage of trader profit-share in exchange for taking first-loss on funded-account drawdown. Hard cap on vault size so vault depositors cannot dilute trader payouts.
- Quarterly audit publication. Third-party reconciliation of every payout transaction, treasury wallet balance, insurance reserve draw, and referral cash transfer. Published so the "Verified Rewards" counter on the leaderboard has a named auditor behind it.
#What we will not build
The list of categories Dexter has explicitly committed not to enter:
- A chain of our own. Base is the settlement layer. A captive L2 would split liquidity and add a new trust assumption for no user benefit.
- Staking lockups paying synthetic APR. A yield independent of real trading PnL taxes real traders to subsidize passive deposits. Holding DXTR will not earn an APR from nowhere; airdrop allocation is the only reserved supply for non-traders.
- Internalized order flow. Dexter is not the counterparty on its own listings. Funded accounts trade against the same public order book paid accounts trade against — anything else would silently corrupt the leaderboard.
- Discretionary rule resets. The +10% / -4% / -8% rule set is coded. The team will not "review" a missed candle, "extend" an evaluation window, or "round up" a marginal pass. The rules govern; nothing overrides them.
- Closed-source compliance overrides. Sanctions list and jurisdiction-block enforcement is at the cashier, with the void reason in the public ledger. There is no quiet whitelist.