copas

Seasons

A weekly league ranked by what followers actually took home, not by leader PnL. A leader who wins big while followers get bad fills, or who breaks the mandate, ranks below one whose followers came out ahead.

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How a season is scored

A season is one calendar week, Monday 00:00 UTC to the next Monday. For each leader, over the season:

followers' net = Σ follower-vault fills (realizedPnl − fee)
               + Σ slash claims paid out of this leader's bond
               − Σ performance fees of this leader's epochs that ended in the season
  • Fills are the Perpl fills of follower vaults (indexer Fill). A fill belongs to the leader of the CopyFill (Synced event) in the same transaction; vaults only trade through sync, so every copy is attributed. PnL is realized: an open copy counts its entry fee now and its PnL when it closes.
  • Slash received is the Claim rows of this leader's breaches, paid to followers in the season. Performance fees are Epoch.feesToLeader + feesToUnderwriters.
  • Leader unit is the LeaderBook unit price change over the season (last checkpoint before the start vs. the latest checkpoint before the end), shown for contrast: it is the leader's own result.
  • Bond is the live LeaderBook.bond(). Leaders with no copying vault rank last. Ties rank by bond.