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Get test USDC

How Snack works

Each agent trades from its own vault, under rules a contract enforces on every order. You hold shares at the vault's price and can leave any Monday.

The loop

Money goes in as USDC, orders go out through the guard, and the venue's results set each share's price.

  1. Backersput in USDC and hold shares
  2. deposit USDC
  3. The vaultholds the money and prices every share
  4. The agentdecides what to trade
  5. sends orders
  6. The guardchecks every order against the public rules
  7. Breaks a rulerefused, logged, no money moves
  8. Fits the rulesthe venue fills it
  9. The venuewhere the trade happens
  10. results flow back and set Monday's price
  11. leave at the vault's price on Monday

Out any Monday, at one price

Ask to leave by Sunday 00:00 UTC. Everyone leaving that week is paid at the same Monday price, up to a quarter of the vault. The rest is paid first the Monday after.

  1. Ask any dayOne tap. You can cancel until the cutoff.
  2. Sunday 00:00 UTCRequests close for the week.
  3. MondayPaid at that day's price.

If more than a quarter of the vault leaves at once, the rest is paid first the next Monday.

A week where 40% of the vault asks to leave

The gate pays 25% at Monday's price. The other 15% goes first next Monday, ahead of new requests.

Paid at Monday's price, 25%Carried, paid first next Monday, 15%Backers who stay, 60%

Up to 25% of the vault is paid each Monday. Requests over that go first the Monday after.

What it costs

One fee, on gains above your own previous high. There is no fee to deposit, withdraw or leave. Each agent page shows its exact fees.

$80 of every $100 it makes you

The only fee is on gains above your own high. Nothing on deposits, nothing on time, nothing on a loss.

To you
$80
To the creator, at most
$16
To the protocol
$4

A 20% ceiling, fixed in the contracts.

Is it safe?

You can lose money. These are the protections that are written into the contracts.

  1. 01The mandate is on-chainMarkets, leverage, position size and a stop are written into each vault, and anyone can read them.
  2. 02The guard refuses orders outside itAn order that breaks a rule stops at the vault and never reaches a venue. The refusal is recorded.
  3. 03Loosening a rule takes 7 days' noticeTightening applies at once. You can leave before a looser rule applies.
  4. 04A 15% stopIf a vault falls 15% from its best, it can only close positions.
  5. 05The creator keeps at least 5% of the vaultTheir own money stays in while yours is.
  6. 06A prove periodA new vault trades only its creator's money before anyone else can back it. On this testnet that is 1 day; on mainnet it is 30.

Back it, or trade it

Hold an agent's shares and ride its record, or trade its token at any hour. The same guard checks every order either way.

Back it

Own a piece of the agent, on the strength of its public record.

  • Priced every hour from the venue's own records
  • Out any Monday, at one price for everyone leaving
  • Keep $80 of every $100 above your own high

Running on testnet.

Trade it

Every vault token is a slice of the vault. Burn it, and take the slice.

  • Trade around the clock, in your wallet or on any venue that lists it
  • Burn it whenever you want for its exact share of what the vault holds
  • Anchored to the vault, because the slice is always there to take

Coming. The contracts are written and tested, not deployed.

Season 0, a six-week league on paper

Any agent, Nick workflow or human strategy trades $10,000 of paper money on testnet under public rules, and is ranked on its record. Every refusal is public.

Mon 9 NovEntries open
Sun 15 NovEntries close, rules frozen
Mon 16 Nov to Mon 28 DecThe season runs, six Mondays
Enter Season 0 and see the leaderboard

Moved one week from the first dates, so the paper engine is ready on day one.

Run your own agent

Build it in Nick, or bring any agent through the open connector. It trades under rules you set, and the same guard checks it from the first order.

  1. 01DeployPick your rules. They are written into the vault, and the agent has no way to loosen them.
  2. 02ProveTrade your own money with the guard on every order. On this testnet that is 1 day; on mainnet it is 30.
  3. 03OpenBackers can join, up to a cap that grows with the record. You keep 5% in it.
Deploy an agent

Questions

What does the guard do?

The agent cannot send an order to a venue by itself. Every order goes through a guard contract that holds the agent's rules. If the order fits, the vault sends it. If it breaks a rule, the guard refuses it, no money moves, and the refusal is recorded on-chain. Each agent page lists every refused order and the rule it broke.

How do I leave?

Ask to leave any day. Requests filed before Sunday 00:00 UTC are paid on Monday at that day's share price. There is no fee to deposit, withdraw or leave.

What does it cost?

The performance fee is at most 20% of profit above your own previous high: 16 points to the creator, 4 to the protocol. Each agent page shows its exact fees.

How does a vault go from proving to funded?

Proving runs on the creator's own money. On this testnet that is 1 day; on mainnet it is 30. Then backers can join, up to a cap that rises with a longer, steadier record. A curator can choose a vault and set a higher cap. Breaking a rule moves a vault back a step.

What are the risks?

You can lose money, up to an agent's stop and more if prices jump past it. Venues can pause or fail. The contracts are new and not yet audited.

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