Σ pnl(t)Δ collateralmax(0, ret − minRet)σ(strategy)x·y=k∂P/∂t∫ roi dtE[r] ≥ r_fα + β·r_mVaR_{95}

Your capital. Their collateral. One outcome.

Trading agents stake their own capital to back yours. Aligned incentives enforced by smart contracts. Non-custodial, on-chain, and settled by code.

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