Questions, answered.

Dexter is the first on-chain prop trading firm. Traders buy an evaluation pack, prove +10% performance inside drawdown limits on a real perp DEX, then receive a funded account where they keep 90% of profits while Dexter keeps 10%. Every trade, payout, and treasury balance settles on Base — fully verifiable on Basescan.

Traditional prop firms run closed simulators with discretionary cashiers and hidden books. Dexter publishes every trade, mark price, payout, and treasury action to Base. There is no internal ledger that can be audited away; the chain is the proof. Profit split is 90/10 in the trader's favor, vs typical 80/20.

Crypto-native perp traders who want a real funded account without putting up large capital, and skeptics who want every claim verifiable on-chain. If you have demonstrated skill on testnet, paper, or a small live account, Dexter exists to scale that skill without you risking $50K of your own.

1. Connect a wallet at app.dexter.market
2. Buy a pack (USDC on Base)
3. Trade during the evaluation window to hit +10% inside drawdown limits
4. Pass the eval — your funded account activates automatically
5. Trade the funded account; profits settle to your wallet every 14 days at 90/10

At /docs — a 30-chapter technical breakdown of architecture, market engine, oracle, vault, treasury, security, and economics. Also available as a downloadable PDF.

Packs range from $49 (Starter) to $299 (Elite). Each pack unlocks a specific funded account size from $5K to $50K. You pay once for the evaluation; if you pass, the funded account is yours with no further capital at risk.

Reach +10% account growth without breaking either of two drawdown floors: -4% in any rolling 24h window and -8% absolute from the starting balance. Trade on the live perp DEX during the evaluation window; minimum and maximum trade days vary by pack tier.

Pack-tier specific. Starter packs allow up to 60 days; higher tiers up to 90 days. There is also a minimum trading-day count (e.g., 5 days for Starter) so passes aren't lucky one-shot trades.

Reset packs are available at a discounted price (typically 30-40% of new pack price). You can also buy a fresh pack at standard pricing. There is no limit to attempts; we reward demonstrated skill, not luck.

Yes. Dexter is a perpetual DEX with leverage ranging from 1× to a tier-specific maximum (typically 25× for majors, lower for long-tail markets). Leverage is applied per-position, and total account exposure is capped by drawdown rules.

BTC, ETH, SOL perpetuals at launch, with additional majors and select long-tail markets added by governance vote. All pairs use USDC as collateral and settle PnL in USDC.

Liquidation is rule-based and deterministic. When maintenance margin falls below threshold, the matching engine triggers an IOC liquidation order at the prevailing mark price. The insurance reserve covers any shortfall between liquidation price and bankruptcy price. You do not owe Dexter anything beyond your initial pack.

No. During evaluation, you trade with Dexter's mock capital — only the pack price is at risk. On a funded account, drawdown limits are protocol-enforced; if you hit them, the account closes without further loss. The pack price is your maximum loss.

Copy-trading is not available at launch. Each funded account is tied to a single wallet's signed actions, and the engine does not currently support mirror-trading. This may change in a future season.

Yes. Your collateral lives in an audited vault contract on Base. Withdrawals require a Merkle proof of your balance against a published state root. No operator key can drain the contract — only valid proofs release funds. You log in with a wallet signature; there is no email or password account.

Base — Coinbase's L2 built on Ethereum's OP Stack. Base offers sub-cent fees, sub-second blocks, and inherits Ethereum security. All trades, payouts, and treasury actions post to Base; verifiable on Basescan.

Mark prices come from Pyth Network's price feeds, aggregated from major exchange order books. Dexter cross-checks Pyth against secondary sources and degrades to safe mode (close-only) if oracle deviation exceeds bounded thresholds. See the price layer chapter for full detail.

Yes. The vault, matching registry, and treasury contracts have been audited by an independent firm before mainnet. The audit report is linked from the security page; any post-audit modifications are noted in the changelog.

Dexter is operated by a small founding team. Treasury and protocol-critical actions sit behind a 3-of-5 multi-sig with two independent signers outside the core team. Signer identities and addresses are listed at /status.

No. Withdrawals are vault-contract calls verified by Merkle proof against a published state root. No operator key signs withdrawals. If the operator publishes a malicious root, anyone can submit a fraud proof and force a rollback to the last honest state.

The off-chain matching engine has session-closed and degraded-state modes. If the engine is unreachable, trading halts but your collateral is unaffected — it lives on-chain. Withdrawals settle against the last published state root and remain valid regardless of operator status.

On a funded account, every realized profit settlement period (typically every 14 days), 90% of net PnL is paid to your wallet in USDC on Base, and 10% goes to the Dexter treasury. There is no fee, no withdrawal charge, no exchange spread — just the protocol's stated split.

Withdrawals settle on the next published state root — typically within 1-3 minutes. You submit a Merkle proof from the app; the vault contract verifies and releases USDC to your wallet. No operator approval, no email confirmation, no waiting period.

No minimum amount. Gas costs on Base are sub-cent, so even tiny withdrawals are practical. The only constraint is that your balance must include the gas to publish the proof.

DXTR is the protocol's native token. Holders capture a share of Dexter's revenue (the 10% protocol take of trader profits) through verified rewards distributed on-chain. See the DXTR token chapter for issuance, vesting, and distribution detail.

Each trading season, traders accumulate a score based on PnL, risk-adjusted return, and consistency. Season-end, the top of the leaderboard splits a reward pool funded from protocol revenue. Standings publish in real time; payouts settle on-chain at season close.

Yes. Every funded trader gets a referral code. Referees who buy a pack credit a share of their pack price to the referrer. Referral payouts are paid in USDC on Base, with no caps or vesting.

Dexter does not provide tax advice. Profits paid to your wallet may constitute taxable income depending on your jurisdiction. Most users export trade history from the app and forward to an accountant. We are not responsible for your tax compliance.

MetaMask, WalletConnect (including Trust, Rainbow, OKX, etc.), Coinbase Wallet, and Reown. Any EVM wallet that can sign on Base will work.

KYC is required only for residents of sanctioned regions and for verified-rewards tier traders pursuing season payouts above the published threshold. For most users buying a pack and withdrawing standard payouts, only a wallet signature is required.

Some Dexter features are restricted in certain U.S. states. Check the terms of use for the current jurisdictional matrix. Dexter does not knowingly serve users in OFAC-sanctioned countries (Iran, North Korea, Syria, Cuba).

The legal entity behind Dexter operates from a jurisdiction that supports tokenized financial products. Specific incorporation details and the regulatory framework are disclosed in the terms of use and on request via press@dexter.market.

Yes. The full Dexter trading interface works on mobile via app.dexter.market (PWA installable). An Android APK is also available for download. Native iOS app is in roadmap.

For trading questions, use the support chat inside the app. For partnership or press inquiries: press@dexter.market. For security disclosures: security@dexter.market. Telegram announcements: t.me/DexterMarketAnnouncement.

No. Dexter does not pay traders from new pack purchases. Funded account profits come from real PnL on the perpetual DEX, settled against a vault funded by the treasury (which is in turn funded by protocol revenue — pack fees, taker fees, and the 10% profit share). Solvency is continuously verifiable on Base. The /status page shows current treasury and obligations side by side.

In an orderly wind-down, the matching engine enters close-only mode and traders unwind positions. The vault contract continues to accept Merkle-proof withdrawals indefinitely — even with the operator offline, your collateral and any positive balance remain claimable directly from the contract on Base.