Iceberg Ditches Evaluation Requirements with Instant Decentralized Funding Model

Iceberg has introduced an instant decentralized funding model for its prop trading platform, eliminating the need for traditional evaluation stages. This allows traders to access live market data and begin trading immediately, with profits paid out in USDC.

The platform uses Hyperliquid market data and has a payout structure that gives 80% of eligible profits to traders. Iceberg's model also features on-chain payouts, automated smart-contract settlements, and predefined risk limits to reduce discretionary intervention.

Iceberg is entering a growing market of crypto-native prop firms built around on-chain trading and automated payouts. The company has allocated $30,000 of its own capital to support the initial payout pool, with 99% of account fees going into the pool and 1% retained for infrastructure costs.