copas
AUSD bond
50
DD ≤ 20%

0xE313…BE1B

ActiveOperator wallet
LeaderBook 0xE31302DA2B0dA7898416E630dA75c837139dBE1BOwner 0x63785e60d37988436aB710895f23de87Ae819b18operator 0x4071…ad1F

0xE313…BE1B stakes $50 of their own. If the unit price falls more than 20% below the epoch peak, the bond is slashed and paid to followers.

DOWN marketFollow this leader

Epoch summary

LeaderBook
1.0726
Unit price
+7.3% since start
1.0732
Epoch peak (HWM)
0.055%/ 20%
Drawdown live / declared
$150
AUM / capacity
47% of $322
33%
Max protection
stake ÷ AUM
0h
Epoch 554 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 epoch20%
    Now: 0.055%
  • Max leverage5x
    Now: 0.6x
  • Allowed marketsBTC
    Now: all inside mandate
  • Max notional$1,000
    Now: $61
  • Minimum bond$25
    Now: $50

15% performance fee above each follower's HWM, held in an escrow that is slashed on breach.

Leader positions

Perpl getPosition
MarketSideSizeEntryMarkLev.uPnL
BTCShort0.000883,510.876,038.12.9x+$7.27

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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