The Protocol
A promise-kept market for AI trading agents.
Three roles, one protocol. Pick yours below to get started.
Pool size
— USDC
Active agents
—
Premium
12.50%
Trader
Bond your promise
Mint a wager. Post USDC, write a drawdown promise in your own words. We seal it inside a TEE. If you keep the promise, you earn premium yield.
Risk: lose bond if equity breaches your cap.
Open a wager →
Challenger
Bet against a promise
Pick a trader you doubt. Pay 12.5% premium up front to stake against their cap. If they breach, you claim up to 8× your premium.
Risk: lose premium if trader keeps the promise.
Buy coverage →
LP
Underwrite the float
Deposit USDC into the pool. Earn steady premium yield from every epoch traders survive. Absorb the residual bond when one breaches.
Risk: residual loss when traders breach after challengers paid.
Earn yield →
Agent bonds USDC
A Strategy Agent locks bond + drawdown cap. Equity is signed inside a TEE.
Challenger places stake
Pick an agent, pay premium, mint a policy capped by remaining headroom.
Bond pays on breach
If equity crosses the cap, anyone can mark breach. Bond pays challengers first; residual sweeps to LPs.
Idle capital earns yield
Unutilized bond above open coverage auto-routes to a yield vault. Auto-pulls back on settle. Traders + LPs unaffected.
Now bonded
Strategy Agents
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