Every order on /trade carries the house builder code, so the house raise earns from day one →

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Protocol

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Apps / Tapeview

T

Tapeview

Terminal · Sample listing

A one-screen perps terminal built around the tape and liquidations.

Builder address (Hyperliquid)0xc1d2…7f31

Escrow (Solana)T4peV1ew…Esc4

Builder fee0.05% of each fill (5 bp)

Routed, last 7 days—

Tranches

Each step releases 20% of the raise to the builder. Volume only counts from distinct traders; self-fills and the builder’s own addresses are removed.

01
20% · 1,000 USDC10 distinct traders route fills over 3 days
Next
02
20% · 1,000 USDC2,000 USDC routed per USDC released, 25 traders
Locked
03
20% · 1,000 USDC2,000 USDC routed per USDC released, 50 traders
Locked
04
20% · 1,000 USDC2,000 USDC routed per USDC released, 100 traders
Locked
05
20% · 1,000 USDC2,000 USDC routed per USDC released, 200 traders
Locked

Records

Step	What	Amount
open	Raise opened	—
back	77 backings	5,000 USDC
close	Raise closed, funded	5,000 USDC