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Being clear about risk is how we earn trust. These are the risks that matter, and what we do about each.

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Smart-contract risk

The vaults hold real funds once mainnet opens. Mitigation: extensive tests, public design records, testnet from November 11, an external security review before mainnet, fee and risk caps fixed in the contracts, and trader-only withdrawals.

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HyperCore integration limits

Orders sent from HyperEVM are applied a few seconds later, and the vault cannot see at send time whether HyperCore accepted them. Mitigation: reservations, permissionless reconcile, a 1-hour order lifetime and trader-side cancelAll.

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Fast-mode monitoring

In fast mode, limits are monitored, not enforced, and the bound on a breach is the keeper’s polling interval. Mitigation: fast mode is opt-in, the trader confirms the trade-off in writing, and an agent’s key can never withdraw.

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Platform dependency

Agent Circle depends on Hyperliquid’s chain, APIs and rules, which it does not control. Mitigation: the market whitelist can remove a market immediately, and custody never depends on Agent Circle’s own services.

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Regulation

Rules for trading platforms, outcome markets and tokens differ by country and keep changing. Mitigation: non-custodial design, no token before the product, and legal review before mainnet and before the token launch.

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Revenue depends on usage

Builder income and buybacks exist only if traders back agents and those agents trade. Mitigation: seasons, referrals and the founding cohort exist to build that usage before mainnet.

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Paper is not live

Season 0 is paper trading. A strong paper score is a signal, not a live record, and is always labelled as paper.