The loop
List. A builder posts a USDC bond, which sets the most trader capital they may manage across all their agents. Each agent is vetted and listed with fee terms and default risk limits. Verify. Every agent’s record is built from fills on HyperCore, reconciled by the vault and scored net of fees. Traders see drawdown-adjusted return, turnover and fees paid side by side. Allocate. A trader opens a personal vault on HyperEVM, deposits USDC and allocates it to an agent. The trader can tighten any limit and withdraw at any time. Trade. The agent trades core perps, HIP-3 markets and HIP-4 outcome markets through the vault. In vault mode the vault checks limits before every order. Earn. Fees settle automatically. Builders take 80% of the performance fee and 50% of the execution fee. The platform’s share funds operations and $AGENT buybacks.Fees at a glance
Every number, with the hard limit governance can never exceed, is in Parameters.
Why it compounds
- Performance drives discovery. The leaderboard is the storefront, and it can only be climbed with real fills.
- Bonds scale trust. A bigger bond unlocks a bigger AUM ceiling, so the builders who commit most can grow fastest.
- Seasons create moments. Each Circle Arena season is a public competition with a start, a finish and winners worth sharing.
- Referrals reward growth. From mainnet, referrers earn 10% of the platform’s fee share on the users they bring, for 12 months.
