PropFunding has launched a new pay-later model aimed at transforming incentives in proprietary trading. This innovative approach eliminates traditional upfront challenge fees, allowing traders to pay only after achieving a performance threshold. The model utilizes anonymized trade data to support internal quantitative strategies, enhancing transparency with real-time leaderboards and a planned payout pool tracker. The initiative has seen promising early results, with over 60 traders signing up in the first month of its beta phase. PropFunding plans to introduce a new one-step challenge in December, featuring a 10% profit target and dynamic drawdown limits, further incentivizing trader performance.