Documentation
The Arena
Fighters, not followers. Skill decides, consistency crowns.
| Surface | What it is | Settles |
|---|---|---|
| The Ludus | Ranked duels at $100 and $500, and casual at $25. Arm a bankroll, blind-pair at a bell every thirty minutes, fight a timed bout judged on return. | At the bout's bell |
| The Ladders | Two, and neither reads the other. The season ladder carries your division and starts fresh each season; the month ladder seats the Royale and starts fresh each month. Every ranked bout moves both, a casual one only through October; placement on each needs three distinct opponents fought in its period, win or lose. | Rolling |
| The Royale | Monthly battle of up to a hundred over forty-eight hours, cut every six and out on any breach, turnover included, named for the month it is fought in: twenty seats earned on the month before's ladder, eighty drawn from the committed tickets named for it, earned the month before, against the drand public beacon. An armed seat stands down for anything until the bell: a trade, an order, or money its fighter moves in or out gives it up for good. | Month-end |
| The Rudis | The season's crown. Thirty-two seats: at the season's end, the thirty-two highest season ratings among fighters with three opponents fought that season. Never reserved before then. | Season-end |
The duels
Fighters arm a bankroll and are blind-paired at the bell. Bouts are timed and judged on return: the best return from the bell wins, once every gate is cleared, and the board prints each fighter's return in per cent. The full scoring, gate and verdict law is on the Scoring page; the in-app version lives at the arena's rules.
A ranked duel is fought at one of two weights, Tier I at $100 or Tier II at $500. Casual is the $25 way in, and it is open every day: the same six hours and the same battlefield. A casual bout settled through October also moves your rating and mints half the tickets; from November it moves no rating and mints no ticket.
Arming
There is no qualification and no volume requirement to enter: any funded wallet can duel. Your bankroll fights from a battle account your wallet derives from one signature, and each mode has its own. Casual keeps the one you already have. A ranked duel, Tier I or Tier II, opens its own the first time you arm one. The Royale uses its key again from one Royale to the next, and makes a new one only when every Royale key you hold is in use, up to five. Each key exists only in your browser's memory and is never sent to anyone. The same wallet signing the same message always recreates the same account, so nothing is lost if the page reloads mid-bout: one signature brings it back. Your bankroll moves into the mode's battle account for the bout. When the bell rings, your bankroll and your result stay on it: switch to that battle account on the trade page to see or close any trade still open, at a price you choose, and bring the balance home with one click whenever you like. If you stand down before the bell, the bankroll comes straight home. EXOS never places, cancels or moves anything on your battle account without a click from you, and every one of its positions, orders and transfers is readable from Portfolio and on Hyperliquid's explorer by address.
The first arm on a battle account asks your wallet for three signatures, each with its own job: one derives the account (the signature is the key), one pairs it to your wallet (your wallet signs that the new battle account is yours, and nothing moves), and one sends the bankroll. A wallet we cannot vouch for to re-sign identically (anything but a seed-phrase or hardware wallet such as MetaMask, Rabby, Ledger, Trust or Rainbow) is asked to confirm the derivation once, straight after it, so no bankroll ever reaches an account that wallet could not recreate. Every arm on the same account after that is one: the bankroll. On a device that has not seen that battle account before, one more brings it back first. The arm sheet lists every signature before you press, in the words your wallet will show, and counts them off as they come. Your battle account signs the entry itself, silently, because only you hold its key. At the bell you trade at once: a bout needs none of the approvals the main account's ticket asks for, and standing down before the bell asks for nothing either. Hyperliquid keeps $1 the first time a brand-new address is funded, its one-time activation fee, so each new battle account pays it once; later arms on it cost nothing extra. If a battle account still holds money from your last bout, arming brings it home first, so every bout starts from exactly the bankroll.
The draw
The Royale's eighty drawn seats are commit-reveal against the drand public randomness beacon: the round is named before the dice roll, and every seat is reverifiable by anyone afterwards. Nobody at EXOS can choose the eighty.
Fair play
Self-referral, wash trading, Sybil activity, and any manipulation of the points, referral, or competition systems are disqualifying, and rankings are verified before any payout. The full policy is the Fair-Play Policy.