copas
AUSD bond
70
DD ≤ 30%

0x9894…12C6

Active
LeaderBook 0x989427C70fb5ED71aCe9c6c9966bd9FB2C3912C6Owner 0x63785e60d37988436aB710895f23de87Ae819b18

0x9894…12C6 stakes $50 of their own plus $20 from underwriters. If the unit price falls more than 30% below the epoch peak, the bond is slashed and paid to followers.

Epoch summary

LeaderBook
0.9456
Unit price
−5.4% since start
0.9456
Epoch peak (HWM)
0.0056%/ 30%
Drawdown live / declared
$230
AUM / capacity
81% of $284
30%
Max protection
stake ÷ AUM
0h
Epoch 580 ends in
length 1h

Unit price and epoch high-water mark

LeaderBook.Checkpoint
The indexer did not respond; the chart is built from indexed checkpoints.

Unit price = leader's Perpl equity ÷ units. Deposits and withdrawals mint/burn units, so they never move the price. HWM resets each epoch.

Mandate

checked every checkpoint
  • Max drawdown per epoch30%
    Now: 0.0056%
  • Max leverage10x
    Now: 0.5x
  • Allowed marketsBTC, ETH, SOL, MON
    Now: all inside mandate
  • Max notional$2,000
    Now: $46
  • Minimum bond$25
    Now: $50

20% performance fee above each follower's HWM, held in an escrow that is slashed on breach.

Leader positions

Perpl getPosition
MarketSideSizeEntryMarkLev.uPnL
BTCLong0.000683,363.276,040.610.0x−$5.42

AI risk analysis

AI explains, the contract enforces

Backtest: had you followed for the last 30 days

Replay of real Perpl fills

Strategy notes (encrypted)

CopasFeed · Mera PRF

Encrypted in the browser with an X25519 key from the same passkey (a second PRF salt). Only ciphertext goes onchain; only followers can open it, on any device.

No notes yet.

    Checkpoints and breaches

    LeaderBook.Checkpoint / Breached
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    Oracle check: Perpl mark vs Pyth / Chainlink / Supra

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