> For the complete documentation index, see [llms.txt](https://hyperpnl.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperpnl.gitbook.io/docs/hyperpnl-onchain-prop-trading.md).

# HYPERPNL: Onchain Prop Trading

HYPERPNL is a onchain protocol for prop trading.

Traders move from evaluation to funded trading by following predefined rules encoded into the protocol. Challenges, phase progression, and result evaluation are handled automatically, without manual reviews or discretionary decisions.

Traders start in a simulated environment. When the required conditions are met, access to funded capital is unlocked. Funding and payouts are executed by smart contracts.

**HYPERPNL is protocol infrastructure, not a traditional prop firm. Rules are public, outcomes are verifiable on-chain, and funded trading runs as software, not as an organization.**