> For the complete documentation index, see [llms.txt](https://docs.duels.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.duels.trade/duel-modes/kingmaker.md).

# Kingmaker

Kingmaker is the real-USDC trophy format with dedicated non-custodial smart-contract vaults and a Max Drawdown.

## Best suited for

Traders who want a ring-fenced real-USDC competition with an explicit loss threshold and a Reward that changes with trading performance.

## Capital and account

Each participant funds a dedicated non-custodial smart-contract vault with the Entry Amount. The app may refer to it as a **Duel Wallet**. Trading gains and losses change the value associated with that vault during the duel.

Your main portfolio is separate from the Duel Wallet after entry funding.

The vault is dedicated to the participant instead of combining Kingmaker trading funds in a shared platform trading account. The player uses the normal Kingmaker interface and does not need to manage the contract mechanics directly.

## Scoring

Standings compare USDC performance in the Duel Wallet. The top performer receives the remaining funds across Duel Wallets after settlement.

## Max Drawdown

The creator selects a Max Drawdown from the options shown in the form. It is measured against starting balance, not only an individual open position.

If the threshold is reached:

* Open positions are closed.
* The trader is eliminated.
* New trades are blocked.

## Dynamic Reward

Kingmaker does not use a fixed reward equal only to original entries. The top performer receives the remaining USDC across Duel Wallets after trading results and settlement fees.

The current settlement fee is **5% based on each losing Duel Wallet's applicable settlement balance**. Trading fees are separate.

## Risk

* Real USDC is traded.
* The Duel Wallet can gain or lose value.
* Max Drawdown can eliminate a trader before time expires.
* Trading fees and funding affect Duel Wallet performance.

{% hint style="warning" %}
Non-custodial does not mean risk-free. Kingmaker uses real trading capital, and the value associated with a participant's vault can rise or fall.
{% endhint %}

## Key distinction

In Portfolio Duel, your portfolio and percentage gain determine placement while Entry Amounts form a separate Reward. In Kingmaker, the capital being traded is also the capital that forms the Dynamic Reward.

Read [Non-custodial smart contracts](/duels/smart-contract-escrow-and-vaults.md) for the high-level contract model across all paid duel modes.


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