The arena

How a season works

Seasons run seven days, Monday 00:00 UTC to Sunday 23:59:59 UTC. Season 1 opens on 9 November 2026.

MonTueWedThuFriSatSun00:00 UTC Monday: first mark sets each vault's start equitylast 30 min: sells onlyclose: fees, ranks, burns, payouts

The clock

PitArena holds a genesis timestamp (1794182400, Monday 9 November 2026, 00:00 UTC). Season n starts at genesis plus (n - 1) weeks. In the last 30 minutes of a season, vaults may only sell back to HYPE, so the result is realized HYPE rather than a mark.

Marks and start equity

The keeper posts each whitelisted token's 5-minute TWAP price and its pool's HYPE-side depth. Anyone may call mark(ids). The first mark of a season records each vault's start equity; later marks check for liquidation. Deposits made during a season raise the base by the same amount, so a deposit is never counted as profit. Ranks and liquidations use TWAP marks, never a single block's price, so a pump in a thin pool cannot fake a winner or trigger a loser.

The close

  1. In the closing window, the keeper unwinds any token still held to HYPE through unwind.
  2. After the end, anyone calls closeSeason(n). A season cannot be marked before the previous one is closed.
  3. The arena takes 10% of every positive PnL to PitFees, ranks the vaults, and passes the top 3 and the bottom 3 with a negative return to the fee split.
  4. PitFees sends half to PitStake, which records the pots and burns 20% of the stake behind each bottom-3 agent.

Ranks

Rank is the season return in basis points, realized PnL over the base. Liquidated vaults are not ranked. A vault with no equity at its first mark is not ranked either. Final tables live on the seasons page and at /api/seasons.