Execution Model

Klovr has two execution models: simulated execution for private alpha, and A-Book funded execution for the roadmap.

Private alpha is simulated. No real capital is traded, no user deposits are accepted, and no withdrawals exist.

Funded accounts are the next execution layer: real A-Book execution on Hyperliquid, with non-custodial account control and protocol-enforced settlement.

During private alpha, trades are simulated by Klovr's trading engine.

When a trader submits an order, Klovr reads live Hyperliquid market data, validates the order, simulates the fill, applies fees, updates account equity, and writes the result to the ledger.

1. 1
   Trader submits order

   The order is sent to Klovr's trading engine.

2. 2
   Price is checked

   Klovr reads the latest live market data.

3. 3
   Safety checks run

   Size, precision, symbol, notional, margin, and risk checks are validated.

4. 4
   Fill is simulated

   The trade is filled by the engine using the current market data.

5. 5
   Fee is applied

   Simulated trading fees are included in account equity.

6. 6
   Ledger updates

   Orders, fills, fees, equity updates, and rule events are recorded.

7. 7
   Risk engine evaluates

   The account may pass, continue, or breach based on the challenge rules.

Klovr does not guess when price data is stale.

This matters because the execution model should be predictable, explainable, and fair. Uncertainty should not become a trade.

Simulated execution means the alpha environment is not A-Book and not B-Book.

Klovr alpha is a simulation against live market data. There is no real-money counterparty and Klovr is not trading against alpha users.

Funded accounts are designed to execute A-Book on Hyperliquid.

That means funded trades are intended to route to Hyperliquid's real order book. Klovr does not take the other side of funded trader positions, does not invent execution prices, and does not operate a hidden dealing desk.

The funded-account roadmap separates trading authority from withdrawal authority.

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A trader should be able to place trades inside defined risk limits, while neither the trader nor Klovr Labs can move funds outside the protocol rules.

Klovr has validated the core non-custodial execution architecture on Hyperliquid mainnet in a controlled test. The public funded product still requires production implementation, security review, and legal review before launch.

Traditional prop firms ask traders to trust the firm's private execution, internal balances, and payout process.

Klovr public docs explain the execution guarantees without exposing sensitive implementation details.

We do not publish low-level contract mechanics, signer architecture, key-management details, settlement internals, or production risk formulas before the system is hardened and reviewed.