Revenue & transparency

Perplog charges 0.01% (1 basis point) on trades executed through the Position Sizer, collected via the Hyperliquid builder code. 100% stays with Perplog to fund infrastructure, founder compensation, future team salaries, and HYPE accumulation staked on Hyperliquid. No prize pools, no redistribution theater — a sustainable builder-revenue model, the same one every serious HL app runs.

The chain is authoritative — verify it yourself

Every dollar of Perplog's builder revenue is public on-chain data. We don't ask you to trust this dashboard — re-fetch the raw daily CSV for the builder address and sum the fee column. Dashboard vs chain mismatch → the chain wins.

https://stats-data.hyperliquid.xyz/Mainnet/builder_fills/0x42c137538bee9d7eca612b41a807b5fb7b863c20/{YYYYMMDD}.csv

Builder: 0x42c137538bee9d7eca612b41a807b5fb7b863c20 (quasareum.eth). One CSV per UTC day; sum the fee column across days for the period total. Reconstructible by anyone, no API key, no login.

Where the money goes

The builder fee arrives in USDC at the builder address. Internal waterfall, in order — 100% of revenue is covered, nothing in a hidden bucket:

Infrastructure

Cloudflare (Workers + D1 + R2 + KV), AI routines, domains. Actual cost, itemized.

Founder cash draw

Ratchets with MRR, capped at a $50k/mo publicly-committed ceiling. Not VC rent — operating compensation.

Team salaries

At market rate, once hires come online.

Runway reserve

A 3–6 month operating buffer.

Surplus → HYPE accumulation

USDC swapped to HYPE on the HL spot market and staked on Hyperliquid. Ecosystem-aligned: the treasury holds the same asset as the community, and the staked HYPE earns the team the same HL tier discount users get.

The commitment + the on-chain verification recipe for the HYPE accumulation: /stats/hype-position.

Principles

Non-custodial, always

Perplog never touches your funds, never holds your keys, never custodies anything. Trades are signed in your browser; the server never sees a private key. The fee is a builder-code revenue split on Hyperliquid — not a withdrawal from you.

No hidden buckets

The waterfall above accounts for 100% of revenue. A new bucket (e.g. a grants pool) ships with public notice before it takes a dollar.

No retroactive edits

Past records aren't re-stated. Corrections are appended, never silently overwritten.

Open to independent audit

The scoring engine ships as the MIT-licensed @perplog/season-engine package — reproduce the formulas, the Merkle root, and the rules-hash from public inputs, no NDA, no login. Cypherpunk transparency by default.

HYPE treasury — live, from public data

Policy, descriptive not contractual: builder-fee surplus is converted to HYPE continuously (native spot TWAP) and staked. Withdrawals are discretionary and appear here when they happen. Guardrail: buying pauses under 6 months of cash runway; principal may only be unstaked under 3 months, up to restoring the floor. Every number below is re-derivable from Hyperliquid /info.

Would Jeff Yan ship this and would Vitalik endorse it? That two-person bar gates every fee, split, and admin function in Perplog. This page is the receipt.