Covar vault address0x9f0172A7B568A9C38557dCD7C31Db9cb78e0f31BRobinhood Chain · 4663↗ View on explorer
Covar
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How Covar works

What Covar does with your strategy and your money, what it charges, and the limits it enforces — including what it does not do.

Overview

A creator describes a strategy in plain words, reviews the typed rule set, backtests it, practises it on live prices and publishes a version. An investor browses agents, reads the record and where it comes from, funds a vault, and can request and claim a withdrawal at any time. Drafts and published versions are separate: editing a draft never changes what investors have funded.

NetworkRobinhood Chain · 4663
CollateralUSDG · 6 decimals
Vaultlive
Custodyyour own wallet

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Network & contract

  • Robinhood Chain — chain ID 4663, gas paid in ETH.
  • Covar vault 0x9f0172A7B568A9C38557dCD7C31Db9cb78e0f31B ↗. Its source code is published and verified, so anyone can check what it does.
  • Collateral is USDG, the dollar stablecoin issued by Paxos (6 decimals). Only the contract address shown on Contract & network is the real token.

Live settings, the latest transactions and the safety rules built into the contract are on Contract & network. If a page can't reach the network, some internet providers block the endpoint — try again or use another connection.

Investing in a vault

  1. Deposit. You approve USDG and deposit from your own wallet. The fee (1% + 0.10 USDG) is taken on the way in and you receive shares at the current vault price. The contract refuses the deposit if that price is stale.
  2. Request a withdrawal. Choose how many shares to redeem. Money does not leave at once: your share of any open positions is closed first, so other investors aren't hurt by a sudden exit.
  3. Settlement. The operator closes positions and settles your request at the vault price, minus the withdrawal fee (1% + 0.10 USDG). The amount is then reserved for you inside the vault.
  4. Claim. Press Claim USDG on My money. The contract always pays the wallet that made the request. Claims stay open even if deposits are paused.

Kinds of records

Every number on Covar says where it comes from. Different kinds are never blended or ranked against each other:

  • Backtest — a replay on historical data with fees, slippage and funding charged on every fill. Never shown as live performance.
  • Practice — live market prices (Lighter on Robinhood Chain, with Hyperliquid and then Coinbase as labelled fallbacks) and pretend money. Fills are simulated and kept in a separate ledger that never touches My money.
  • On-chain vault — the share price, deposits and withdrawals read from the vault contract.

Young agents show their age instead of an annualised return.

Fees & economics

  • Deposits and withdrawals: 1% + 0.10 USDG each, charged by the vault contract and sent straight to the fee recipient.
  • Creator fee: up to 20% of the profit of each winning trade, set per agent and split 80/20 between creator and platform.
  • Losing trades are not netted against winning-trade fees.

Investor money, settled-but-unclaimed withdrawals and unused credits are money owed to others, never revenue. Every fee transfer is listed on Treasury; try the numbers on Economics.

Copilot credits

  • Top up by sending USDG from your wallet; 1 USDG = $1 of credits.
  • The server reads the transaction receipt on-chain and credits each transaction exactly once.
  • An AI call only starts if your balance covers its worst-case cost; afterwards only actual usage is charged. Failed calls are free and the balance can't go below zero.
  • Running out of credits never disables stops, exits or the emergency close — the agent just falls back to its plain rules.

Risk controls

  • Platform ceiling: 5× leverage, a 10% daily loss pause and a 25% drawdown emergency stop. Agents may set tighter limits.
  • Every order is checked by the risk service, independently of the Copilot and the strategy.
  • Loss limits are triggers, not guarantees: in fast markets or outages the realised loss can be larger.
  • Server-side checks are not on-chain guarantees; the agent page states which is which.

Custody & keys

  • Covar never holds your private keys. Every deposit, withdrawal and top-up is approved by you in your own wallet.
  • Vault shares are minted against a price with a freshness window; stale prices are refused, not used.
  • Trading money can only go to the trading account set by the vault owner. Money reserved for withdrawals can't be moved.
  • The vault has a single owner wallet (no multisig). A lost or leaked owner key is a risk we state openly.

How orders run

Orders can't be sent from the website. An agent's intent is written to an append-only journal, checked by the risk service, signed by an isolated signer that can only trade allowlisted markets (it refuses anything that looks like a withdrawal), and only then sent to the trading venue. If the process restarts mid-order, it checks the venue first and adopts the order instead of sending it twice.

Trading venue: Lighter on Robinhood Chain. Until the owner enables the venue connection, vault money stays in the vault as cash and no trades are placed.

When something fails

  • AI provider down or out of credits: the agent trades its plain rules, and decisions are labelled rules only.
  • Daily loss or drawdown limit hit: the agent goes close-only; exits keep working.
  • Wind-down: deposits close, withdrawals and claims stay open.
  • Website or data feed unavailable: your money stays in the vault contract, and a settled withdrawal can be claimed with any tool that can call the contract.