> ## Documentation Index
> Fetch the complete documentation index at: https://hypernova.xyz/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# How It Works

> From assessment to funded trader in four steps

Hypernova uses an assessment-based model to identify skilled traders and provide them with capital. Create an account, pass an assessment, and start earning.

## The Process

<Steps>
  <Step title="Take Assessment">
    Start by configuring and purchasing an assessment. Trade to hit defined profit targets while staying within risk parameters.

    Choose your account size (\$5k–\$200k), tradable markets and risk level, then trade your way.

    <Tip>
      Eligible traders may receive a free or discounted assessment.
    </Tip>
  </Step>

  <Step title="Get Funded">
    After passing your assessment, receive a Funded Account immediately. No more profit target. Just continue trading and stay within drawdown limits.
  </Step>

  <Step title="Get Paid">
    Close all your open positions and request a payout. The smart contract releases your share to your wallet - sign once, and Hypernova covers the gas.

    <Info>
      **Up to 80% profit share.** Payouts settle on-chain in 5 seconds, in USDC, with gas sponsored. Traditional firms take 24+ hours for the same thing.
    </Info>
  </Step>

  <Step title="Scale Up">
    Continue trading on Hypernova, generate consistent returns and receive increased funding, wider risk limits and monthly cash grants. Your performance score and ranking determine what you unlock.
  </Step>
</Steps>

***

## Risk Parameters

All assessment tiers share the same profit target and leverage cap. The difference is how much drawdown room you get.

| Risk Tier  | Daily Loss Limit | Max Drawdown | Availability |
| ---------- | ---------------- | ------------ | ------------ |
| **Low**    | 3%               | 6%           | All Users    |
| **Medium** | 4%               | 7%           | All Users    |
| **High**   | 5%               | 8%           | Restricted   |

<Info>
  **Profit target is 10%** across all tiers and sizes. **Max leverage is 5x.**
</Info>

***

## After You're Funded

Once funded, you trade under the same parameters as your assessment. The key differences:

<CardGroup cols={2}>
  <Card title="No profit target" icon="infinity">
    There's no cap on how much you can earn. Keep trading as long as you stay
    within risk limits.
  </Card>

  <Card title="Payouts anytime" icon="wallet">
    Request a payout whenever you're flat. Up to 80% profit share, settled by
    smart contract in \~5 seconds (USDC, gas sponsored).
  </Card>
</CardGroup>

### Continuous Scoring

Every funded trader receives a live performance score based on risk-adjusted returns, consistency and longevity.

<CardGroup cols={3}>
  <Card title="Performance Score" icon="gauge-high">
    Tracks risk-adjusted returns, drawdown discipline and trading consistency.
  </Card>

  <Card title="Ranking" icon="ranking-star">
    See where you stand relative to every other funded trader on the platform.
  </Card>

  <Card title="Transparency" icon="eye">
    Full visibility into your score breakdown and what drives your rank.
  </Card>
</CardGroup>

### Scaling Programme

<Steps>
  <Step title="Prove Consistency">
    Trade your funded account with discipline. Your performance score reflects
    risk-adjusted returns over time.
  </Step>

  <Step title="Score Rises">
    As your score improves, your percentile ranking climbs - unlocking new tiers
    automatically.
  </Step>

  <Step title="Unlock Scaling">
    Higher rank means increased funding, wider risk limits and monthly cash
    grants. No application needed.
  </Step>
</Steps>

<CardGroup cols={3}>
  <Card title="Start an Assessment" icon="flag-checkered" href="/docs/starting-an-assessment">
    Choose your parameters and begin
  </Card>

  <Card title="Create an Account" icon="user-plus" href="/docs/account-creation">
    Get set up in under a minute
  </Card>

  <Card title="Smart Contract" icon="link" href="/docs/smart-contract">
    Every account, rule and payout - recorded on-chain
  </Card>
</CardGroup>