Dexter whitepaper
DEXTER IN ONE VIEW
The whole whitepaper compressed into the numbers a user needs to remember before clicking buy — packs, rules, splits, reward rails, trust anchors, and the first fifteen minutes of usage. If you came here looking for the cheat sheet, this is the page.
Sections 4
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Whitepaper chapter
Dexter is a perpetual DEX on Base with an on-chain prop-firm layer on top. Buy a pack between $49 and $299, prove +10% inside 30 days under -4% daily and -8% total drawdown floors, and trade a $5K–$50K funded account that pays 90 / 10 in your favor. Every payout posts on Base.
#The challenge in numbers
| Pack | Fee | Allocation | Referee bonus | Max referral cash |
|---|---|---|---|---|
| Starter | $49 | $5,000 | +50 XP | $5.88 |
| Growth | $99 | $10,000 | +100 XP | $11.88 |
| Swing | $199 | $25,000 | +250 XP | $23.88 |
| Elite | $299 | $50,000 | +500 XP | $35.88 |
| Demo | free | $25,000 simulated, 14 days | — | — |
| Rule | Value |
|---|---|
| Profit target | +10% on the allocation |
| Daily drawdown floor | -4% close-to-close on equity |
| Total drawdown floor | -8% from the high-water mark |
| Evaluation window | 30 days from pack activation |
| Format | 1-Step or 2-Step (same fee, same payout) |
| Profit split (funded) | 90% trader / 10% protocol |
| Payout currency | USDC on Base |
| Payout latency | under 24 hours after KYC clears |
| KYC trigger | first paid payout only; demo never triggers |
| Jurisdiction blocks | IR / KP / SY / CU and OFAC / EU / UK sanctions lists |
#Reward rails
| Rail | What it pays | When it unlocks |
|---|---|---|
| Trader profit-share | 90% of realized PnL on the funded account | On a clean pass + KYC clear |
| Leaderboard cash | Ranked brackets at #1, #2–3, #4–10, #11–50, top 100 each season | End of season, after podium risk review |
| Referral cash — base | 8% of paid pack fee | Referee clears min-active days + min-trade-count |
| Referral cash — bonus | +4% of paid pack fee | Referee passes the challenge (or trades 2x compliance volume on a clean record) |
| Referee XP bonus | +50 / +100 / +250 / +500 XP by pack tier | One-time, at first paid pack purchase via the code |
| Daily streak multiplier | Up to 2x XP at 30 consecutive UTC trading days | Resets on a missed day |
| DXTR airdrop record | 40% of fixed 1B supply, weighted by skill PnL + referred pack volume | Snapshot at end of season 2, claim at TGE |
#Trust anchors
- Every payout posts on Base. The "Verified Rewards" counter on the leaderboard reconciles hourly against real Basescan transactions — not a marketing display.
- Same matching engine as the public DEX. Challenge fills price off the same Pyth-backed oracle as paid accounts. No quiet worse fills for funded traders; the runtime emits a fill receipt the contract verifies on commit.
- Oracle cross-check. Pyth Hermes is primary; Chainlink, RedStone, and Uniswap V3 TWAPs back-check it. Stale, deviating, or paused feeds are rejected before they reach the book.
- Rules are coded, not discretionary. +10% / -4% / -8% is enforced by the challenge engine. No soft resets, no extended windows, no rounded-up passes — and the pass criteria cannot be moved by a governance vote.
- Vaults live in separate addresses. Collateral vault, insurance reserve, treasury, and season reward pool are distinct contracts; failures on one rail do not cascade to another.
- Podium and high-value withdrawals are reviewed. Top 3 each season and any withdrawal above $5,000 pass an ops review for position-size hygiene, rule-edge cases, and copy-trading detection before the transaction leaves treasury.
- Compliance enforced at the cashier. One-time KYC at first paid payout; IR / KP / SY / CU jurisdiction blocks and OFAC / EU / UK sanctions lists checked before any cash moves.
#Your first fifteen minutes
- Open app.dexter.market/dex/airdrop and connect a wallet — no email, no password.
- Start with the free $25K demo if you want to feel the matching engine before paying. No KYC, no payout, full rule set.
- Pick a pack size when you are ready. Pay in USDC, ETH, or BTC on Base. Pack fee is the entire upfront cost.
- Trade the rules: stay above -4% close-to-close per day, stay above -8% from the equity high-water mark, push above +10% inside 30 days.
- On a clean pass the funded account is provisioned in the same UI. Request payout, clear one-time KYC, and the USDC transfer lands on Base in under 24 hours — 90% to you, 10% to the protocol.