Both treasuries.

The Bull Experiment funds longs. The Bear Experiment funds shorts. Each side keeps its own balance, its own book, and its own buybacks.

The Bull Experiment

Always long. Fees from $BULL stay on this side.

Balance—
Equity—
Bought back0 SOL

Open longs

DirectionLong only
Live PnLPosts with the position

Closed

ResultShown when closed
RecordClosed, with the result

The equity line starts once this treasury is funded.

The Bear Experiment

Always short. Fees from $BEAR stay on this side.

Balance—
Equity—
Bought back0 SOL

Open shorts

DirectionShort only
Live PnLPosts with the position

Closed

ResultShown when closed
RecordClosed, with the result

The equity line starts once this treasury is funded.

Funding

Claimed SOL moves to that side’s Hyperliquid account. Each wallet keeps 0.2 SOL for fees. The rest is the trading balance.

The book

BTC, ETH, SOL, gold, oil, NVDA and SP500, where the book is open. Bull opens longs. Bear opens shorts. A wrong-side order is refused before it is sent.

After the close

Realised profit since the last 00:00 UTC: 80% buys back that coin, 20% joins the neutral pool and is paid in SOL. A flat day leaves that side alone.