Hypernova's A/B book dynamic switching is quite aggressive; taking $1 million out of $3 million for payout reserves shows they really want to compete for traders.

Hyperliquid-based crypto Prop Trading platform Hypernova completes $3 million pre-seed funding, led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, Pivot Global, and others. Hypernova stated that the platform will dynamically decide whether to hedge orders in the market based on trader performance, using either A-book or B-book risk management modes, with approximately $1 million of the funding reserved for trader payouts, and the remaining funds allocated for team expansion and public launch preparations. (The Block)