Onchain evaluations
Every order is a transaction, priced by the oracle and judged in contract code. Pass or fail needs no backend.
Read the codeTrade our capital.
Keep 80%.
Rules in code.
A prop firm with no B-book. Funded trades are real swaps, and the limits are contracts nobody at Tenor can bend.
● Running on NEAR testnetAccounts up to $200KBTC · ETH · SOL · NEAR
How it works
Real swaps. No B-book.
Each funded account is its own NEAR sub-account running a Guard contract. Trades go to a real venue, and the book is rebuilt from token balances.
You can trade. You can’t withdraw.
Your key is limited to three contract methods. Cross a limit and the contract deletes it from the chain in the same step.
Losses are funded first.
A new account can’t open unless the reserve covers every live maximum loss by 1.2 times. After the fee, Tenor only earns 20% of real profit.
Anyone can apply the rules.
Rollovers, stops and breaches sit behind one public function. The firm can’t delay a verdict or keep one from happening.
ExecutionKeysReserveEnforcement
Built to be checked
Every promise links to the code that keeps it.
Guard accounts
Passing deploys a contract that holds your capital. Tenor keeps no full-access key on it.
Read the codeOne rulebook
The same Rust function judges evaluations and funded accounts, so the two can never disagree.
Read the codeAny-chain edges
Pay for a challenge and take payouts across chains through NEAR Intents.
Read the codeNEAR ProtocolNEAR IntentsRheaGlobal contractsFunction-call keysBTCETHSOLNEARUSDCNEAR ProtocolNEAR IntentsRheaGlobal contractsFunction-call keysBTCETHSOLNEARUSDC
Live numbers
Read from the contract, not from us
Each figure below is a live view call to the Tenor contract.
$0
Risk reserve
USDC set aside for losses.
$0
Live max loss
Worst case across funded accounts.
0
Funded accounts
Guards created so far.
0
Breaches recorded
Every one stays on the public record.
From first order to first payout
Pick a challenge
Choose a size from $5K to $200K, one step or two. There is one fee and no time limit.
Pass onchain
Trade BTC, ETH, SOL and NEAR at oracle prices. Hit the target without touching the loss limits.
Get your Guard
A contract account is created with your capital and a key that can only trade.
Take 80%
Close your positions and request a payout. The split is paid by the contract.
Questions traders ask
A B-book firm keeps trades in-house and earns when traders lose. On Tenor, funded trades are real swaps from a contract you can inspect, and the firm’s only income after the fee is a share of profit.