Over founder Lili on how prop firms differ from other forms of trading: you pay to trade a simulated account, and get paid only if you hit the target.
"A prop firm is an entirely different category, if I may say. It is not a trading platform per se, it's more like an evaluation platform, in a sense where everything that you see on the screen trading on is simulated."
"Prop firm, I would say, has 2 main qualities. First, all these trading assets underneath are simulated. Most of the good prop firms use a real data set. So it's real data, simulated asset trading."
"Second is that in order for you to get a payout, you would need to complete certain parameters within the episodic trading session, which is kind of different than some other trading platforms."
"For a prop firm, you usually do not deposit margin or anything. So you pay kind of the ticket to get access to a bigger demo size, and then you trade on that. Once you hit a certain target, then you get a payout."
FT
@lililashka @overdotcomputer
Ownership Podcast S2 E3: Lili (
@overdotcomputer)
"Letting traders own the house."
00:00 Intro
00:55
@lililashka's background: cybersecurity law, data pipelines and DeFi
01:27 Why prop firms want traders to fail
02:25 What a prop firm is and how Over is different
04:14 Who trades on prop firms: retail, pros or both
05:52 A multi-billion-dollar industry and where payouts come from
07:45 Why 70% of traders lose and the market still wins
09:53 The next 1,000x: incentive design, not leverage
10:53 Trading as entertainment and what makes it sustainable
13:47 Letting traders own the house
14:44 Getting started and the prop funding rate
17:03 Tokenised stocks, crypto and prediction markets
18:48 Prediction Index and the war and peace index
20:40 Missions and why Over is a launchpad, not a house
23:48 OIP-1: third-party hosts for trading missions
25:33 Why Solana first
26:24 Why MetaDAO and futarchy
32:01 The biggest risk: agentic trading
34:28 Incentive alignment and closing thoughts
This show is sponsored by
@MetaDAOProject.
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