FriendSpace has rolled out Transparent Trading Rooms, a feature that lets creators deploy shared community funds directly on Hyperliquid while exposing performance and risk in real time. Profits, losses, open positions, and other trading data are visible to room participants, replacing the closed-group model where followers often rely on screenshots or unverifiable claims.
The update, shared by Coin Bureau, has started drawing attention across SocialFi and Base communities. It is still early, but the initial reaction has leaned positive, especially among users who have grown wary of private trading groups built on trust alone.
On-chain trading records are visible as they happen
FriendSpace is a SocialFi platform built on Base. With the new setup, creators can open token-gated trading rooms where followers pool funds together. Those funds are then traded directly on Hyperliquid, an on-chain venue widely used for perpetual futures.
The defining feature is transparency. Every key holder can track live PnL, open positions, leverage levels, and past trades. That gives users a way to evaluate a trader using actual records instead of promotional posts or selective screenshots. In the framing used in the source material, “PnL is the resume.”
Keys control access and room governance
FriendSpace uses “keys” as more than entry passes. They also function as governance tools inside each room. Holders can vote on major actions, including withdrawals of shared funds. In most cases, those decisions require a two-thirds majority, a structure designed to reduce the chance of abrupt or unfair exits.
Some rooms also distribute returns through performance-based rewards, giving followers direct exposure to the outcome. That shifts the role of participants. They are not only watching a trader operate; they are part of the mechanism governing how the room functions.
FriendSpace targets the trust gap in social trading
Social trading products have long faced the same problems: hype, paid promotion, and unclear reporting on results. FriendSpace’s approach puts verifiability at the center. Trades are executed on-chain, results are public, and performance can be checked without depending on claims from the trader.
The risks remain. The source notes that leveraged trading can produce sharp losses, and early trading rooms may face limited liquidity. Even so, a transparent structure gives users a clearer view of exposure before they commit to a creator or strategy. That makes the product notable inside SocialFi, even if it has not broken into the mainstream yet.