[{"data":1,"prerenderedAt":549},["ShallowReactive",2],{"$jqWeyhb4d0":3,"$Jgg3kSYbaL":69,"page-\u002Fsecond-life":134},{"id":4,"extension":5,"menu":6,"meta":66,"stem":67,"__hash__":68},"appHeader\u002F_app-header.yml","yml",[7,11,29,32],{"label":8,"to":9,"external":10},"Trade","\u002Fexchange",true,{"label":12,"children":13,"slot":28},"Rewards",[14,19,23],{"label":15,"description":16,"to":17,"icon":18},"Funded Account","Trade with our collateral, starting from 6x boost","\u002Ffunded-account","heroicons-gift",{"label":20,"description":21,"to":22,"icon":18},"Second Life [Limited Time Only]","Respawn your funded account for free","\u002Fsecond-life",{"label":24,"description":25,"to":26,"icon":27},"Referral Program","Invite friends and earn","\u002Freferral-program","heroicons-link","children",{"label":30,"to":31},"Blog","\u002Fblog",{"label":33,"children":34,"slot":28},"More",[35,40,45,50,55,61],{"label":36,"description":37,"to":38,"icon":39},"Testnet","Trade paper money","https:\u002F\u002Ftestnet.thalex.com\u002Fexchange","heroicons-chart-bar",{"label":41,"description":42,"to":43,"icon":44},"Trading Information","Contract specs, margin & fees","\u002Ftrading-information","heroicons-book-open",{"label":46,"description":47,"to":48,"external":10,"icon":49},"API Documentation","REST & websocket connectivity","\u002Fdocs","heroicons-share",{"label":51,"description":52,"to":53,"icon":54},"Historical Data","Downloads & code examples","\u002Fhistorical-data","heroicons-presentation-chart-bar",{"label":56,"description":57,"to":58,"icon":59,"external":10,"target":60},"Second screens","Analyze, backtest and simulate strategies","https:\u002F\u002Fthalextech.github.io\u002F","heroicons-chart-pie","_blank",{"label":62,"description":63,"to":64,"icon":65},"Support","We're here to help","https:\u002F\u002Fsupport.thalex.com\u002Fhc\u002Fen-us","heroicons-question-mark-circle",{},"_app-header","4ER8KDP0eKjVFpeSliWKtA5wASvtGnbTJCcyV8qgDOE",{"id":70,"extension":5,"links":71,"meta":121,"socialLinks":122,"stem":132,"__hash__":133},"appFooter\u002F_app-footer.yml",[72,87,97],{"title":73,"children":74},"Platform",[75,77,78,80,84,86],{"title":76,"path":9,"external":10},"Exchange",{"title":36,"path":38,"target":60},{"title":79,"path":48,"target":60,"external":10},"API",{"title":81,"path":82,"external":83},"Fees","\u002Ffees",false,{"title":85,"path":17,"external":83},"Incentives",{"title":24,"path":26,"external":83},{"title":88,"children":89},"Resources",[90,93,94,95],{"title":91,"path":92,"target":60,"external":10},"Status","https:\u002F\u002Fstatus.thalex.com",{"title":62,"path":64,"target":60,"external":10},{"title":30,"path":31,"external":83},{"title":41,"path":96,"external":83},"\u002Ftrading-information\u002Fcontract-specifications\u002Fperpetuals",{"title":98,"children":99},"Legal",[100,103,106,109,112,115,118],{"title":101,"path":102,"external":83},"Jurisdictions Statement","\u002Ftrading-information\u002Flegal\u002Fexcluded-jurisdictions",{"title":104,"path":105,"external":83},"Terms of Use","\u002Ftrading-information\u002Flegal\u002Fterms-of-use",{"title":107,"path":108,"external":83},"Privacy Notice","\u002Ftrading-information\u002Flegal\u002Fprivacy-notice",{"title":110,"path":111,"external":83},"Risk Disclosure","\u002Ftrading-information\u002Flegal\u002Frisk-disclosure",{"title":113,"path":114,"external":83},"Rulebook","\u002Ftrading-information\u002Flegal\u002Frulebook",{"title":116,"path":117,"external":83},"ABC Terms of Use","\u002Ftrading-information\u002Flegal\u002Fabc-terms-of-use",{"title":119,"path":120,"texternal":83},"Cookies Policy","\u002Ftrading-information\u002Flegal\u002Fcookies-policy",{},[123,126,129],{"icon":124,"to":125},"ri-twitter-x-fill","https:\u002F\u002Fx.com\u002FThalexGlobal",{"icon":127,"to":128},"ri-linkedin-box-fill","https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Fthalexglobal\u002F",{"icon":130,"to":131},"ri-telegram-fill","https:\u002F\u002Ft.me\u002FThalexGlobal","_app-footer","e28dpspDwk8-6L_Ws_gfDY8jKTKYeVyF7Fes-KvCKno",{"id":135,"title":136,"body":137,"description":541,"extension":542,"hero":543,"image":544,"meta":545,"navigation":10,"path":22,"seo":546,"stem":146,"subTitle":547,"__hash__":548},"pages\u002Fsecond-life.md","Second Life",{"type":138,"value":139,"toc":527},"minimark",[140,143,147,151,154,157,165,168,170,175,180,191,194,198,205,212,215,219,222,225,228,230,234,237,240,243,246,250,256,339,343,446,448,452,520],[141,142],"hr",{},[144,145,136],"h1",{"id":146},"second-life",[148,149,150],"p",{},"A Thalex funded account is uniquely convex. Leverage on leverage. An option on trading options.",[148,152,153],{},"But sometimes you will get stopped out. If you hit the drawdown limit, you lose your ABCs.",[148,155,156],{},"Because it's summer, and we're generous, we have decided to give you one free retry.",[148,158,159,160,164],{},"Until 31 August 2026 you get a ",[161,162,163],"strong",{},"full respawn"," of both your ABC and USDt deposit.",[148,166,167],{},"A second life, a new shot at your funded account, for free.",[141,169],{},[171,172,174],"h2",{"id":173},"how-it-works","How It Works",[176,177,179],"h3",{"id":178},"_1-join-the-funded-account-campaign","1. Join the Funded Account Campaign",[148,181,182,185,186,190],{},[161,183,184],{},"Get funded",". Instructions ",[187,188,189],"a",{"href":17},"here",".",[148,192,193],{},"Already funded? Great, we'll count you in too.",[176,195,197],{"id":196},"_2-trade-eligible-strategies","2. Trade Eligible Strategies",[148,199,200,201],{},"To be eligible for second life, you need to trade an ",[187,202,204],{"href":203},"#second-life-eligibility","eligible strategy",[148,206,207,208,211],{},"Basically, you need to trade ",[161,209,210],{},"options"," with a plan.",[148,213,214],{},"Perpetual strategies are not eligible, except for hedging with bots.",[176,216,218],{"id":217},"_3-get-refunded","3. Get Refunded",[148,220,221],{},"If you hit the 80% max drawdown limit, you lose the ABCs funded by Thalex.",[148,223,224],{},"However, under the Second Life campaign, Thalex will restore the account to its original state.",[148,226,227],{},"That means you get back the ABC and USDt at the start of your run. Profit boost ABCs are not restored.",[141,229],{},[171,231,233],{"id":232},"illustrative-example","Illustrative Example",[148,235,236],{},"You deposited 400 USDt, which unlocked 2000 ABCs in funding.",[148,238,239],{},"You trade a short strangle with a delta hedge. One week in, you reach max drawdown.",[148,241,242],{},"The Second Life now restores you to 400 USDt and 2000 ABCs in funding.",[148,244,245],{},"Your second run starts automatically.",[171,247,249],{"id":248},"second-life-eligibility","Second Life Eligibility",[148,251,252,253,255],{},"Your run must satisfy these requirements at all times to remain eligible for ",[161,254,136],{},":",[257,258,259,276],"table",{},[260,261,262],"thead",{},[263,264,265,271],"tr",{},[266,267,268],"th",{},[161,269,270],{},"Rule",[266,272,273],{},[161,274,275],{},"Requirement",[277,278,279,293,306,326],"tbody",{},[263,280,281,287],{},[282,283,284],"td",{},[161,285,286],{},"Order Entry",[282,288,289,290,190],{},"Every options order must be entered through the Thalex ",[161,291,292],{},"Strategy Builder",[263,294,295,300],{},[282,296,297],{},[161,298,299],{},"Minimum Maturity",[282,301,302,303,190],{},"Every option leg must have at least ",[161,304,305],{},"4 DTE at entry",[263,307,308,313],{},[282,309,310],{},[161,311,312],{},"Defined Risk",[282,314,315,316,319,320,323,325],{},"Every position must have a finite, strictly ",[161,317,318],{},"defined maximum loss"," at entry. ",[321,322],"br",{},[321,324],{},"Every addition, adjustment, or roll must independently satisfy this requirement and must not result in a position with an undefined maximum loss, even if only temporary.",[263,327,328,333],{},[282,329,330],{},[161,331,332],{},"Hedging Exception",[282,334,335,336,190],{},"Perpetuals and Futures may only be used for hedging through the ",[161,337,338],{},"Delta Hedge Bot",[171,340,342],{"id":341},"refund-rules","Refund Rules",[257,344,345,357],{},[260,346,347],{},[263,348,349,353],{},[266,350,351],{},[161,352,270],{},[266,354,355],{},[161,356,275],{},[277,358,359,372,390,408,418,432],{},[263,360,361,366],{},[282,362,363],{},[161,364,365],{},"Refund Trigger",[282,367,368,369,190],{},"Second Life triggers only when your Funded Account reaches its ",[161,370,371],{},"Max Drawdown Limit",[263,373,374,379],{},[282,375,376],{},[161,377,378],{},"Excluded Breaches",[282,380,381,382,386,387,389],{},"No refund is granted for a violation of the ",[187,383,113],{"href":384,"target":385},"\u002Flegal\u002Frulebook.pdf","\\_blank",", a failure to satisfy the ",[187,388,249],{"href":203}," requirements.",[263,391,392,397],{},[282,393,394],{},[161,395,396],{},"Refund Amount",[282,398,399,400,403,404,407],{},"You receive your original ",[161,401,402],{},"USDt participation deposit"," and the ",[161,405,406],{},"ABC funding associated with your original tier",". Profit Boost ABCs are not restored.",[263,409,410,415],{},[282,411,412],{},[161,413,414],{},"Participation Fee",[282,416,417],{},"No second participation fee applies to the refunded run.",[263,419,420,425],{},[282,421,422],{},[161,423,424],{},"Maximum Refunds",[282,426,427,428,431],{},"A maximum of ",[161,429,430],{},"one refund per participant"," is available during the campaign.",[263,433,434,439],{},[282,435,436],{},[161,437,438],{},"Campaign Deadline",[282,440,441,442,445],{},"The qualifying Max Drawdown breach must occur before ",[161,443,444],{},"31 August 2026 at 08:00 UTC",". Refunds are not issued after this time.",[141,447],{},[171,449,451],{"id":450},"terms-conditions","Terms & Conditions",[453,454,455,459,466,476,479,485,492,500,503,508,511,514,517],"ol",{},[456,457,458],"li",{},"This campaign is open solely to retail traders.",[456,460,461,462,190],{},"Any rights for participants in this campaign are bound by the ",[187,463,465],{"href":464},"#funded-account-rules","Funded Account Rules",[456,467,468,469,475],{},"Funding is granted in the form of ",[187,470,474],{"href":471,"target":385,"rel":472},"https:\u002F\u002Fsupport.thalex.com\u002Fhc\u002Fen-us\u002Farticles\u002F26933796248337-What-are-non-withdrawable-Asset-Balance-Credits-ABC-s",[473],"nofollow","non-withdrawable ABCs"," (\"Asset Balance Credits\"), deposited into a designated sub-account (\"Funded Account\"), provided relevant conditions are met.",[456,477,478],{},"Refund is granted in USDt, deposited into a designated sub-account (\"Funded Account\"), provided relevant conditions are met.",[456,480,481,482,190],{},"ABC usage is subject to ",[187,483,484],{"href":117,"target":385},"ABC Terms",[456,486,487,488,491],{},"This campaign ends on 31st of August 08:00 (UTC). At that date, a participant can continue trading in the ",[187,489,490],{"href":17},"Funded Account Campaign",". Refunds are not issued after.",[456,493,494,495,497,498,190],{},"The refund is to be used for a second run in the ",[187,496,490],{"href":17},". Withdrawals are allowed by the ",[187,499,465],{"href":464},[456,501,502],{},"A maximum of one refund is permitted per participant.",[456,504,505,506,190],{},"Thalex reserves the right to hold withdrawals and remove ABCs without notice in the event of a breach of the Funded Account Rules or ",[187,507,484],{"href":117},[456,509,510],{},"Thalex reserves the right to close positions if, as a result of ABC removal, the Funded Account margin balance is insufficient to maintain them.",[456,512,513],{},"Thalex reserves the right not to grant rewards in cases of non-compliance with the Terms & Conditions, illicit behavior, or any unfair advantage, at its sole discretion.",[456,515,516],{},"Thalex will not be responsible for any margin calls, position closeouts, or other risk events, which must be managed by each participant in accordance with their own risk profile.",[456,518,519],{},"Thalex reserves the right to modify or terminate the campaign at any time.",[148,521,522,523,190],{},"For additional information or support, please contact our ",[187,524,526],{"href":64,"rel":525},[473],"support team",{"title":528,"searchDepth":529,"depth":529,"links":530},"",2,[531,537,538,539,540],{"id":173,"depth":529,"text":174,"children":532},[533,535,536],{"id":178,"depth":534,"text":179},3,{"id":196,"depth":534,"text":197},{"id":217,"depth":534,"text":218},{"id":232,"depth":529,"text":233},{"id":248,"depth":529,"text":249},{"id":341,"depth":529,"text":342},{"id":450,"depth":529,"text":451},"Stopped out? Respawn your funded account.","md",{"designType":534,"image":544},"\u002Fimages\u002Fsecond_life.svg",{},{"title":136,"description":541},null,"BpIoDZx94a1b-fbW-ezaXmA4onEBprJkU3PRM_9PcbM",1786454263485]