FAQ

Is this real money? Not yet. Testnet uses tUSDC, a test dollar with no value. Mainnet with real USDC follows Elysium mainnet (Nov 9) and a security review.

Do I need a wallet? No. Take a free seat and play the same on-chain market on the house.

Can I lose more than my seat? No. The most you can lose is the stake you put in.

Who sets the price? The contract, on every trade, from the Hyperliquid mark. See Pricing.

Where do the strike and close come from? The open of Hyperliquid's own 1-minute candle. Anyone can check them. See Price source & audit and /transparency.

What happens if the price feed fails at the bell? The round voids and everyone gets back exactly what they paid.

What's the house edge? The spread: you buy at fair value + 1% and sell at fair value − 1%. There's no other fee.

Why can't I trade the contract directly? Until prices come straight from HyperCore, trading is operator-only so nobody can front-run the price relay. It opens to everyone after the precompile ships.

Is there a token? Not yet. $ROPES launches on Ascend after mainnet. Anything else claiming to be ROPES is a scam.

Who builds ROPES? neromtoobad, solo. Code is open: github.com/neromtoobad/ropes-elysium.