VEX Desktop
Livev0.4.0A self-custodial AI agent that runs on your own computer. Your keys never leave it, and it asks before it moves money unless you choose otherwise.
Agent Idle
Ready when you are.
Products
Four products. Each one shows its status.
VEX Cloud
BetaVEX in your browser and in Telegram. It runs on VEX's servers, so your strategies keep running while you are offline.
VEX Arena
In developmentA public experiment: AI models each get a funded wallet, the same tools and seven days to trade on their own, with every step published. No round has run yet.
VEX Mobile
PlannedA native phone app to talk to your agent, approve its actions and watch what it does. Same agent, memory and limits as VEX Cloud. Not built yet.
Whitepaper
The whole design, in plain words.
This page is the VEX whitepaper. It covers the products, the agent, custody, memory, the $VEX token, CLOUD, staking, copy trading and the roadmap. Every part carries a status. Every number says whether it is live, proposed or open. Nothing here promises a price.
- Live
- Shipped and usable by anyone today.
- Beta
- Built and running on test networks only. Not public yet. Mainnet is switched off.
- On testnet
- Running on a test network only. Mainnet is not deployed yet.
- In development
- Code exists but is not released.
- Next
- The next milestone for that product.
- Planned
- Designed. No working code yet.
- Proposed
- A chosen value, not deployed. It can change before launch.
- Open
- Not decided yet.
The whole structure
Chapter 1. Everything we are building, on one page.
Each part ships as its own release. This map shows where it sits and whether it is live, in beta or planned.
Products 4
LiveVEX Desktop. Runs on your computer. Your keys never leave it.
BetaVEX Cloud. Runs on VEX's servers. In beta, on test networks only.
PlannedVEX Mobile. A native app for your Cloud agent. Not built yet.
In developmentVEX Arena. AI models trade real funds on their own. A separate experiment.
Economy 5
Products → $VEX
0.25% fee on agent trades
85% buys back and burns VEX
$VEX → Staking
Stake VEX
lower fees, more missions
Staking → CLOUD
Lock staked VEX
mint CLOUD
CLOUD → Products
Stake 1 CLOUD
$1 of AI a day
CLOUD → $VEX
Burn CLOUD
unlock your VEX
Copy trading → Vaults
Creators publish
followers copy in their own wallets
The agentChapters
The agent
Chapter 2. The model proposes. The runtime enforces. You decide.
A language model is good at reading markets and bad at being trusted with money. So in VEX the model only suggests actions. Code the model cannot change checks each one, and by default anything that moves money waits for you.
One user, one agent
In VEX Cloud each account has one agent. It keeps your recent conversation (the last 40 messages plus a running summary), your memory and your limits. You reach the same agent in the web app and in Telegram.
BetaTelegramIn developmentVEX Mobile, a native app, will talk to that same agent, with the same memory and limits.
PlannedIn VEX Desktop the agent lives in the app on your computer, with its memory in a local database. You work with it in sessions.
Live
What the model can and cannot do
The model can
- Read markets and your portfolio.
- Propose a trade: which asset and how much.
- Draft a mission with you in chat (Desktop) or a strategy (Cloud).
The model cannot
Choose calldata, contracts, slippage or minimum output. Those come from your settings and VEX policy.
CloudBeta
Set a fee. Fee rates are fixed in code.
DesktopLive
Write the approval card. It shows the exact signed arguments, the VEX fee and a safety verdict from VEX's own check, never model text.
DesktopLive
Start a mission. Only your click starts a run.
DesktopLive
Hold a key, or unlock anything through memory.
both
Missions
Desktop
LiveA mission is a contract you fill in through chat: goal, capital, wallets, chains, protocols, risk profile, success criteria and stop conditions. Your acceptance is tied to those exact terms, and only your click starts the run. Desktop runs missions only while the app is open. Close it, or let the computer sleep, and the mission stops making progress.
Cloud
PlannedstrategiesBetaIn VEX Cloud a mission will be a plain-language instruction on a schedule, with its own budget, and its results will land in your chat. Missions are not built yet. Today Cloud runs strategies instead: pick a template, backtest it, run it on paper, then live, and VEX's workers check it while you are away.
How many missions you can run at once depends on your staking tier (Proposed, see (07)).
Approvals and limits
Approval modes
VEX DesktopLiveVEX CloudBeta
Default
- VEX Desktop
- Restricted: asks before every action that moves money
- VEX Cloud
- Restricted: asks every time
If you choose
- VEX Desktop
- Full Autonomous: acts without asking. The wallets you attach are the only limit.
- VEX Cloud
- Full access: acts without asking, inside automatic limits
Always asks
- VEX Desktop
- Starting a mission
- VEX Cloud
- Futures, token launches, CLOUD mints, transfers to a new address
Set when
- VEX Desktop
- Fixed when you create the session (Agent or Mission)
- VEX Cloud
- In your settings
VEX DesktopLive
1 hour Approvals expire
1% Slippage by default
10% Slippage hard cap
Desktop approvals show exactly what will be signed and expire after 1 hour. Even in Full Autonomous, a price-and-safety check no older than 15 minutes from the same venue is required, and every send goes through prepare, then confirm. Slippage is 1% by default, with a hard cap of 10%.
The pause switch
Desktop
LiveEvery mission carries its own stop conditions, and nothing runs while the app is closed. Agent Scan keeps a permanent history of everything the agent did.
Cloud
BetaPause all, in the header, stops every new action from your agent at once. VEX also has global, venue and deployment pauses. Every pause is checked before an order is created and again right before it is signed. Pausing closes open futures positions with reduce-only orders. The global pause starts switched on.
Custody and executionChapters
Custody and execution
Chapter 3. Who holds the keys, and who can sign.
VEX Desktop keeps your keys on your computer. VEX Cloud trades from a wallet you own and lets VEX sign inside a policy you can revoke. Here is exactly what each one means.
VEX Desktop
LiveYour keys are created and encrypted on your own computer and never leave it. By default, every action that moves money waits for your approval, and the approval shows exactly what will be signed. If you choose Full Autonomous, the agent acts without asking, limited only by the wallets you attach.
- EVM and Solana keys, generated and stored in a local encrypted vault (AES-256-GCM, scrypt N=2^17, r=8, p=1).
- Your master password is held only in memory. VEX asks for it again after every restart.
- A backup archive is written automatically. You can export and restore.
- VEX servers never hold your keys.
- No hardware wallet support.
VEX Cloud
BetaVEX Cloud trades from a wallet you own. When you turn trading on, you give VEX's execution service a limited right to sign for that wallet: only listed chains, apps and amounts, and you can take that right back at any time. Inside your limits it can act without asking you each time. The AI never holds a key. It can only propose. Every order is checked against your limits and pauses before it is signed, and again just before it goes out.
- Your wallet is a Privy embedded wallet: one EVM address and one Solana address. VEX stores only its id, address and policy id, never a private key.
- It is created when you choose to enable trading, not when you sign in.
- VEX's signer works under a deny-by-default policy: listed chains, protocols, routers and bridges only, with caps on transfers.
- Revoke server signing removes that signer at once.
- The key that authorizes VEX's signer lives only in the execution service. The web app and the AI model never hold it.
- Exchange accounts use your own trade-only keys (Binance mainnet keys must have withdrawals off and be IP-restricted), sealed so only the execution service can open them.
- Hyperliquid: VEX creates an agent key that can trade but cannot withdraw. Lighter: VEX creates an API key that can request withdrawals, only to your own address, and signs them only when you ask.
Three checks, made twice.Beta
Every Cloud order is checked when it is created and again right before it is signed or sent. On-chain trades are simulated first.
Model proposes
The AI never holds a key. It can only propose.
Propose a tradewhich asset and how much
Runtime enforces
- Your pauses: Pause all, plus global, venue and deployment pauses.
- Your limits.
- VEX policy: which chains, apps and amounts are allowed.
by defaultwaits for you
You decide
A transfer to a new address always waits for you.
After every fill VEX reconciles the result. An unknown or mismatched outcome pauses that strategy until a person looks at it, and nothing is sent twice. A transfer to a new address always waits for you.
Desktop: a fresh price-and-safety check from the same venue (15 minutes at most) before any trade, prepare then confirm for every send, slippage capped at 10%. Live
Mainnet is offBeta
VEX Cloud's execution service refuses mainnet unless someone switches it on on purpose. Today Cloud trades only on test networks.
Desktop's code is published as source-available, so anyone can check what it does with keys. VEX Cloud's code is private.
Read the Desktop source (opens in a new tab)How Cloud signing works
Memory and privacyChapters
Memory and privacy
Chapter 4. It remembers how you work. It never decides what it may do.
Memory is context, not permission. Here is what each product stores, where it lives, what you control, and what it does not do.
VEX DesktopLive
Where it lives
Memory, chat history, the database, wallet files and keys are stored only on your computer, in a local Postgres database with pgvector and a local EmbeddingGemma model.
How lessons are kept
The agent can only propose a lesson. Secrets and live state are refused. A judge decides what is kept. Nothing is deleted: lessons that fade are benched. Trade lessons are not re-scored against results.
What memory never does
Memory is advice. Sizing, approval and signing never read it.
What leaves your computer
- Model calls through OpenRouter with your key, so your conversation goes to your model provider.
- Requests to chains, venues and market-data services.
- The $VEX price ticker.
- A version check.
- Setup downloads.
- Crash reports, if you opt in.
- An activity report to agentscan.projectvex.ai (Agent Scan), on by default.
- pools.fun launch attestation, on by default.
VEX CloudBeta
Your agent remembers what you tell it: your preferences, facts you state, summaries of long chats and the documents you add. It learns only from your own messages, never from tool results, and it never stores keys, passwords, contact details or live balances. Memory is context, not permission: nothing in it can unlock an action. You can review, export or delete everything, or turn memory off. Chats and memories are stored as plain text in VEX's database and are kept until you delete them. Deleting a single chat or fact hides it but does not erase it.
What it remembers
Profile
- Example
- Name, form of address, language, response style, detail level, time zone
- Where it comes from
- What you say or set
Facts, up to 280 characters each
- Example
- "Trades only on Base", "Avoids memecoins"
- Where it comes from
- Your own messages
Chat summaries
- Example
- A rolling summary of a long chat
- Where it comes from
- Your chat
Your documents
- Example
- Files and pages you add: up to 10 MB each, 200 documents, 20 watched sources
- Where it comes from
- You add them
How memories are made
A background job reads only your own messages, never tool results or the agent's replies. What you state clearly is saved as confirmed. What it infers is saved as a suggestion that expires: after 14 days for profile values, 30 days for facts. A new fact supersedes the old one instead of overwriting it.
What it infers is saved as a suggestion that expires:
14 days for profile values
30 days for facts
Never stored
- Private keys, seed phrases, passwords and one-time codes.
- Email addresses and phone numbers.
- Live balances, prices and positions.
Prompt rules and a hard filter both enforce this.
How memory is used
Each message gets your confirmed profile and at most 8 confirmed facts, 2,000 characters in total. The tool router, VEX policy and the execution service never read memory, so no memory can unlock an action. Telegram group chats read no personal memory.
Each message gets your confirmed profile and at most
8 confirmed facts
2,000 characters in total
Your controls
- Review suggestions, each linked to the message it came from.
- Delete all memory at once. This erases the memory text.
- Turn memory off. Messages you send while it is off are never read for memory.
- Export everything as JSON.
Background memory work is charged to your daily AI budget.
Where your data goes
The AI model that answers you (the platform model or your own provider), the tool router for platform runs, the embedding provider when it is switched on, Tavily (web search), Telegram, Resend (email), Privy (sign-in and wallets), Pinata (launch images), Goldsky, Blockscout and Helius (wallet addresses), and DexScreener through VEX's gateway.
$VEX
Chapter 5. The token, the fee rule and every burn on the record.
$VEXChapters
$VEXLive
$VEX lives on Robinhood Chain. You never need it to use VEX Desktop. VEX charges 0.25% on agent trades, and the team's policy is that 85% of that fee buys back and burns VEX and 15% funds Ecosystem Growth.
0.25% Fee on agent trades
Live85% Buys back and burns VEX
Token factsLive
Chain
- Value
- Robinhood Chain, chain id 4663 (an Arbitrum Orbit L2 that settles to Ethereum)
Contract
- Value
- 0x8Ff92566f2e81BDd68EDfAa8cde73942A723796bView on explorer (opens in a new tab)· 18 decimals
Launched
- Value
- 3 July 2026, 16:34:51 UTC, on Virtuals Protocol
Minted
- Value
- 1,000,000,000 VEX in one transaction
Total supply now
- Value
- 999,999,394.302118 VEX (see the burn ledger below)
Main pool
- Value
- Uniswap V2 VEX/VIRTUAL0x817f16F5D8da83d1B089B082c0172af3923618dAView on explorer (opens in a new tab)
Other pool
- Value
- Uniswap V3 VEX/USDG0x4fA27693a052863bb5e9D3E63bA02857442A1EcfView on explorer (opens in a new tab)
Contract owner
- Value
- Virtuals. VEX cannot change the trading tax rate, its recipient or which pools are taxed.
Burning
- Value
- Anyone can burn their own VEX with
burn(). Onlyburn()lowers total supply.
Fee treasury
- Value
- EVM0xe341f3da256C38356bce4Afd456d7fa36E356E94View on explorer (opens in a new tab)SolanaEvA1d9zMBXKFVXjSUFyHphiKUpwHJcLfZfmUH9GCd1sX(the same addresses in Desktop and Cloud)
Needed to use Desktop
- Value
- No. "You do not need to hold $VEX to use Vex, and Vex will never ask you to."
Supply and locksLive
Measured by the team on-chain on 6 October 2026. Only the founders' lock has been confirmed independently so far.
Openconfirm the allocation figures and the 30 June 2036 liquidity lock, and publish the lock addresses (Q19)
Public sale on the bonding curve
- Share
- 35.0%
- State
- Traded freely
- Status
- Live
Liquidity seed in the V2 pool
- Share
- 10.5%
- State
- Locked until 30 June 2036
- Status
- Live
Graduation remainder
- Share
- 4.5%
- State
- Held in one wallet, unmoved since launch
- Status
- Live
Automated Capital Formation (Virtuals)
- Share
- 25.0%
- State
- Sold by Virtuals in steps between $2M and $160M fully diluted value, paid to the founders in stablecoin. Part sold, part unsold.Openre-measure the sold and unsold shares and date the reading
- Status
- Live
Founders' allocation
- Share
- 25.0% (250,000,000 VEX)
- State
- Locked until 3 July 2027, then released linearly over 6 months
- Status
- Live
Lock contract named by the team: TokenTable 0x1B0d0843578dEdb0f3aF84a0C29Aaf3d0D30A6d0.
0.25% per agent trade. 85% buys back and burns VEX. 15% funds Ecosystem Growth.
VEX charges a 0.25% platform fee on agent trades. The team's policy is that 85% of that fee buys back and burns VEX, and 15% funds Ecosystem Growth. Fees go to a public treasury address, and every buyback is on-chain and listed in the burn ledger below.
Live as a team policy. It is not enforced in code: in code, 100% of each fee goes to the treasury, and the team carries out buybacks from the treasury. An automated buyback on a schedule is Planned.
Openwhich fees count toward the rule (Lighter perps fees go to a separate collector wallet; Cloud exchange-account trades pay no fee), since when it applies, and whether buybacks follow a published schedule (Q2)
Fee rates in code
Desktop
- What
- KyberSwap, Uniswap and Jupiter swaps; Khalani and Relay bridges; EVM transactions that carry value; pools.fun; Virtuals curve trades and launches
- Rate
- 0.25%, only after success
- Status
- Live
Desktop
- What
- Lighter spot
- Rate
- 0.25%, taken by Lighter and paid to VEX's Lighter collector
- Status
- Live
Desktop
- What
- Lighter perps
- Rate
- 0.10% in v0.2.14
- Status
- Live
Desktop
- What
- Lighter perps
- Rate
- 0.02% on the development branch, not released
- Status
- In development
Desktop
- What
- Morpho, Pendle, sends, wraps, Jupiter Lend and Predict, generic Solana signing, every read
- Rate
- No fee
- Status
- Live
Desktop
- What
- Refused, reverted or never-sent operations
- Rate
- No fee
- Status
- Live
Cloud
- What
- On-chain money actions: KyberSwap, 1inch, Jupiter (including Solana pool orders), Uniswap pool swaps, Khalani bridges, pump.fun launches
- Rate
- 0.25%
- Status
- Beta(not yet checked on real chains)
Cloud
- What
- Exchange accounts: Binance, Hyperliquid, Lighter
- Rate
- No fee
- Status
- Beta
Fee rates are fixed in code and never taken from the model. Desktop's Lighter fees go to a separate collector wallet, 0x10Ce97Cf3142BE2a1a28aC83A55b21fDCE493C03, which the code never describes as funding buybacks.
Burn ledger
Every VEX burned or sent to the dead address, from the chain.
Two different things get called a burn. Calling burn() destroys VEX and lowers total supply. Sending VEX to the dead address 0x000000000000000000000000000000000000dEaD puts it where nobody is known to hold a key, but total supply stays the same. This ledger shows both, separately, read from Robinhood Chain.
- Date (UTC)
- 2026-10-01 12:29
- From
- Creator wallet (Virtuals listing)0x32e7c4AFEA4f868A53EC51435C92eD80625EeB33
- How
- Sent to the dead address
- Amount
- 440,000.000000 VEX
- Lowers total supply
- No
- Treasury buyback
- No
- Date (UTC)
- 2026-09-20 23:25
- From
- 0xa1c958585d650213ff5aef2b12116ef02576af42
- How
burn()- Amount
- 605.697882 VEX
- Lowers total supply
- Yes
- Treasury buyback
- No
- Date (UTC)
- 2026-08-30 09:40
- From
- VEX treasury0xe341f3da256C38356bce4Afd456d7fa36E356E94
- How
- Sent to the dead address
- Amount
- 45,788.877011 VEX
- Lowers total supply
- No
- Treasury buyback
- Yes
"Lowers total supply" is Yes only for burn(). The dead address column counts every transfer to 0x...dEaD, whoever sent it. Labels come from public sources.
The Virtuals taxLive
Separate from the VEX fee, Virtuals charges a 1% tax on buys and sells of VEX in the V2 pool. The tax is sold for USDG: 70% goes to the VEX treasury and 30% to Virtuals. Virtuals sets this tax. VEX cannot change it.
The treasury's share of this tax is one of the two sources planned to pay for CLOUD compute (see (06)).
CLOUD
Chapter 6. $1 of compute, every day, for as long as you stake it.
CLOUD is the token held for inference credits on VEX Cloud. Its minter is on Robinhood testnet only; mainnet is not deployed yet (audit pending).
Proposed parameters
- 1 CLOUD staked
- $1 of AI per day
- Mint
- Lock staked VEX at the mint rate
- Mint rate
- Rises as supply nears the target
- Target supply
- 1,000 CLOUD at launch
- Hard cap
- 50,000 CLOUD
- Exit
- Burn CLOUD, unlock your VEX
- Status
- Planned
Stake 1 CLOUD. $1 of AI a day. Resets at 00:00 UTC.
CLOUDChapters
CLOUDOn testnet
CLOUD is the token held for inference credits on VEX Cloud. Its minter is on Robinhood testnet only; mainnet is not deployed yet (audit pending).
On testnetThe minter is on Robinhood testnet only. Mainnet is not deployed yet (audit pending). The staking design below isPlanned
CLOUD is the token held for inference credits on VEX Cloud. VEX Cloud is the app. They are different things.
Status today
CLOUD is the token held for inference credits on VEX Cloud. In the code it is minted only by handing in VEX at the open tranche's price (never lower than the last tranche's; 50,000 CLOUD at most), one-way. Its minter is on Robinhood testnet only. Mainnet is not deployed yet (audit pending).
Proposed parameters
- 1 CLOUD staked
- $1 of AI per day
- Mint
- Lock staked VEX at the mint rate
- Mint rate
- Rises as supply nears the target
- Target supply
- 1,000 CLOUD at launch
- Hard cap
- 50,000 CLOUD
- Exit
- Burn CLOUD, unlock your VEX
- Status
- Planned
How it worksPlanned
Stake 1 CLOUD and your agent can spend $1 of AI usage inside VEX each day. The allowance resets at 00:00 UTC and does not roll over. You mint CLOUD by locking staked VEX, and you get that VEX back when you burn the CLOUD.
- Stake VEX. You stake VEX and hold staked VEX. Unstaking VEX takes 7 days.
- Mint CLOUD. You lock staked VEX at the current Mint Rate to mint CLOUD. The Mint Rate is how much staked VEX one CLOUD needs. It rises as CLOUD supply gets close to the Target Supply.
- Stake CLOUD. Each staked CLOUD gives you $1 of AI compute inside VEX per day. The allowance resets at 00:00 UTC. Unused allowance does not roll over. Unstaking CLOUD takes 1 day.
- Hold, send or sell. CLOUD is a transferable token. Only staked CLOUD gives the allowance.
- Exit. Burning CLOUD unlocks the same amount of staked VEX that minted it. Your VEX was locked, never spent or burned.
- Supply. The Target Supply starts at 1,000 CLOUD. The team raises it in steps, by its own decision, and announces every change. CLOUD can never exceed 50,000.
$VEX → Staking
Stake VEX
lower fees, more missions
Staking → CLOUD
Lock staked VEX
mint CLOUD
CLOUD → $VEX
Burn CLOUD
unlock your VEX
Solid: works today. Dotted: designed, not built.
Who pays for the computeProposed
The compute behind CLOUD is paid from VEX protocol income: the treasury's share of the 1% VEX trading tax, plus agent trading fees through the 15% Ecosystem Growth share. At most, VEX owes $1 a day for every CLOUD in existence: $1,000 a day at 1,000 CLOUD, $50,000 a day at the 50,000 cap.
Protocol income rises and falls with trading. What happens if it does not cover the compute owed is not decided yet.
Openshortfall rule if protocol income does not cover the compute owed
Worked example: Ana mints 2 CLOUD
R is the Mint Rate at the moment Ana mints. It is not set yet, so we use a letter. The example needs no price.
- Step
- 1
- Ana does
- Stakes VEX
- What happens
- She holds staked VEX.
- Step
- 2
- Ana does
- Locks 2 x R staked VEX and mints 2 CLOUD
- What happens
- She holds 2 CLOUD. Her 2 x R staked VEX are locked.
- Step
- 3
- Ana does
- Stakes both CLOUD
- What happens
- Once the stake counts, she has $2 of AI compute inside VEX every UTC day.Openwhen a new CLOUD stake starts counting
- Step
- 4
- Ana does
- Uses $1.50 on Monday
- What happens
- The other $0.50 is gone at 00:00 UTC. Tuesday starts at $2 again.
- Step
- 5
- Ana does
- Wants out
- What happens
- She unstakes her 2 CLOUD (1 day) and burns them. Her 2 x R staked VEX unlock. Unstaking that VEX takes 7 more days.
- Step
- 5, instead
- Ana does
- Sells her 2 CLOUD
- What happens
- The buyer can stake them and use $2 a day. Ana's 2 x R staked VEX stay locked until she burns 2 CLOUD.
From "I want out" to unstaked VEX: 1 day for CLOUD, then 7 days for VEX.
Rules that stay from today's beta build
In VEX Cloud, minting CLOUD always waits for your approval and is never offered from Telegram.
Where the design comes from: Venice DIEM
CLOUD follows a model that already runs: Venice's DIEM. We compare the mechanics only, not prices.
- Unit
- Venice DIEM
- 1 staked DIEM = $1 of Venice API credit per day
- CLOUD
- 1 staked CLOUD = $1 of AI compute inside VEX per day
- Mint input
- Venice DIEM
- Staked VVV locked at the Mint Rate
- CLOUD
- Staked VEX locked at the Mint Rate
- Target at launch
- Venice DIEM
- 38,000 (raised toward 40,000 in 2026)
- CLOUD
- 1,000 (hard cap 50,000)
- Curve
- Venice DIEM
- Base Mint Rate 90, Adjustment Power 2
- CLOUD
- Open
- Reset
- Venice DIEM
- 00:00 UTC, no rollover
- CLOUD
- Same
- Cooldowns
- Venice DIEM
- DIEM 1 day, staked VVV 7 days
- CLOUD
- CLOUD 1 day, staked VEX 7 days
- Token
- Venice DIEM
- Transferable ERC-20 on Base
- CLOUD
- Transferable; chainOpen
- Main criticism
- Venice DIEM
- Target, pricing and schedule set off-chain, with no timelock
- CLOUD
- Answered in part: the team decides and announces every change; timelockOpen
Venice figures from Venice's documentation, read on 8 October 2026.
Parameters
- Parameter
- Allowance per staked CLOUD
- Value
- $1 of AI compute inside VEX per day
- Tag
- Proposed
- Parameter
- Where it can be spent
- Value
- Inside VEX only (chat, research, later missions). Not a raw API you can resell.
- Tag
- Proposed
- Parameter
- Which product
- Value
- VEX Cloud only, or Desktop tooOpenQ7
- Tag
- Open
- Parameter
- Allowance reset
- Value
- 00:00 UTC, no rollover
- Tag
- Proposed
- Parameter
- Mint input
- Value
- Staked VEX only
- Tag
- Proposed
- Parameter
- Mint Rate
- Value
- Staked VEX locked per 1 CLOUD; rises as supply nears the Target Supply
- Tag
- Proposed
- Parameter
- Base Mint Rate
- Value
- Not setOpenQ3
- Tag
- Open
- Parameter
- Curve exponent
- Value
- Not setOpenQ3
- Tag
- Open
- Parameter
- Exact Mint Rate formula
- Value
- Not publishedOpenQ3
- Tag
- Open
- Parameter
- Minting above the Target Supply
- Value
- Not decidedOpenQ4
- Tag
- Open
- Parameter
- Target Supply at launch
- Value
- 1,000 CLOUD
- Tag
- Proposed
- Parameter
- Target changes
- Value
- Raised in steps by team decision; every change announced
- Tag
- Proposed
- Parameter
- Hard cap
- Value
- 50,000 CLOUD
- Tag
- Proposed
- Parameter
- Burn
- Value
- Unlocks the same amount of staked VEX that minted it; VEX is locked, not spent or burned
- Tag
- Proposed
- Parameter
- Unstake CLOUD
- Value
- 1 day
- Tag
- Proposed
- Parameter
- Unstake VEX
- Value
- 7 days
- Tag
- Proposed
- Parameter
- Transferable
- Value
- Yes
- Tag
- Proposed
- Parameter
- Minimum staked CLOUD for an allowance
- Value
- Not setOpenQ7
- Tag
- Open
- Parameter
- When a new stake starts counting
- Value
- Not setOpenQ7
- Tag
- Open
- Parameter
- What the $1 is priced at
- Value
- Not setOpenQ7
- Tag
- Open
- Parameter
- Spend order (allowance, free daily budget, your own key)
- Value
- Not setOpenQ7
- Tag
- Open
- Parameter
- Staked VEX: a token or a status, and its name
- Value
- Not setOpenQ6
- Tag
- Open
- Parameter
- Chain, token standard, contracts
- Value
- Not setOpenQ6
- Tag
- Open
- Parameter
- Audit before mainnet
- Value
- Required
- Tag
- Proposed
- Parameter
- Who can change parameters, timelock, public change log
- Value
- Not setOpenQ6
- Tag
- Open
- Parameter
- Team mint at launch
- Value
- Not setOpenQ8
- Tag
- Open
- Parameter
- Staked VEX locked for CLOUD counts toward your staking tier
- Value
- YesOpenowner to confirm (Q10)
- Tag
- Proposed
- Parameter
- Most compute owed per day
- Value
- $1 x CLOUD supply: $1,000 a day at 1,000 CLOUD, $50,000 a day at 50,000
- Tag
- Proposed(arithmetic)
- Parameter
- Who pays for the compute
- Value
- VEX protocol income: the treasury's share of the 1% VEX trading tax, plus agent trading fees through the 15% Ecosystem Growth share
- Tag
- Proposed
- Parameter
- If that income falls short
- Value
- Not decidedOpenshortfall rule
- Tag
- Open
What the code does today
- A CLOUD minter exists only on Robinhood Chain testnet. It was built for an earlier one-way design and does not do staking, the Mint Rate, the Target Supply or burn-to-unlock. It will be replaced. On testnet
- VEX Cloud's beta build raises a holder's daily AI budget by the token balance held. That rule will switch to staked CLOUD. In development
Know before you mint
StakingChapters
StakingPlanned
Chapter 7. Stake VEX for lower fees and higher limits. Nothing is paid out.
Staking is for using VEX, not for income. Staked VEX lowers your platform fee, lets you run more missions at once and opens creator features. No staking reward is paid.
PlannedNo staking contract exists yet.
Tiers
Proposed parameters
- Tier
- Base
- VEX staked
- 0
- Discount on the 0.25% fee
- None
- Fee you pay
- 0.25%
- Missions at once
- 2
- Tier
- Bronze
- VEX staked
- 100,000
- Discount on the 0.25% fee
- 10%
- Fee you pay
- 0.225%
- Missions at once
- 5
- Also
- Larger knowledge base
- Tier
- Silver
- VEX staked
- 500,000
- Discount on the 0.25% fee
- 25%
- Fee you pay
- 0.1875%
- Missions at once
- 15
- Also
- Priority model capacity
- Tier
- Gold
- VEX staked
- 2,000,000
- Discount on the 0.25% fee
- 50%
- Fee you pay
- 0.125%
- Missions at once
- 50
- Also
- Early access to new features
- Tier
- Creator
- VEX staked
- 1,000,000 plus a track record
- Discount on the 0.25% fee
- 25%
- Fee you pay
- 0.1875%
- Missions at once
- 15
- Also
- Can publish strategies for copy trading
"Missions at once" counts VEX Cloud missions, which are planned. "Fee you pay" is the arithmetic of the discount.
Ben stakes 500,000 VEX and reaches Silver. On a $1,000 swap he pays a $1.875 fee instead of $2.50.
Rules
- Rule
- Unstaking takes 7 days.
- Tag
- Proposed
- Rule
- Minimum lock: 30 days, or none. OpenQ10
- Tag
- Open
- Rule
- A new stake counts from the next UTC day.
- Tag
- Proposed
- Rule
- Staked VEX is not burned. It comes back when you unstake.
- Tag
- Proposed
- Rule
- Staked VEX you lock to mint CLOUD still counts toward your tier. Openowner to confirm (Q10)
- Tag
- Proposed
- Rule
- Staking never authorizes a trade and never bypasses your limits or VEX policy.
- Tag
- Proposed
- Rule
- Whether tiers also discount Desktop fees. OpenQ11
- Tag
- Open
- Rule
- Desktop stays fully usable with no $VEX.
- Tag
- Live
Copy trading and vaultsChapters
Copy trading and vaultsPlanned
Chapter 8. Follow a strategy. Your money stays in your own wallet.
Creators publish strategies with declared limits. Followers run the same strategy in their own wallets, at their own size, under their own limits. In phase 1 VEX never pools follower money. Vaults come in phase 2, on Hyperliquid, where deposits stay.
PlannedNothing here is built. The Copy button on VEX Cloud's paper leaderboard makes a new strategy draft for you. It is not copy trading.
Roles 2
Creator. Builds a strategy from reviewed templates, declares its limits, publishes itPlanned
Creator → Follower
Creators publish
followers copy in their own wallets
Follower. Follows a strategy that runs in their own wallet; sets an amount, a stop level and a maximum daily lossPlanned
Solid: works today. Dotted: designed, not built.
Roles
Proposed parameters
- Role
- Creator
- What they do
- Builds a strategy from reviewed templates, declares its limits, publishes it
- What they need
- 1,000,000 staked VEX and 30 days of paper results, then live results
- Role
- Follower
- What they do
- Follows a strategy that runs in their own wallet; sets an amount, a stop level and a maximum daily loss
- What they need
- Funds in their own wallet and their own limits
Phase 1: copy trading
PlannedProposed
- The creator publishes a strategy with declared limits: markets, maximum leverage, maximum drawdown and maximum position size.
- A follower clicks Follow and sets an amount, a stop level and a maximum daily loss.
- VEX runs the same strategy in the follower's own wallet. Every order passes the same checks as any VEX order.
- Followers see results and declared limits, not the rules.
- A follower can stop at any time and chooses whether open positions close or stay open.
Fees
Proposed
- Creator fee: 10% of the follower's net profit above that follower's high-water mark, settled monthly in USDG. Nothing is charged on losses or while a follower is below their previous high.
- VEX fee: the usual 0.25% on executed volume, discounted by staking tier.
Openwhich venues copy trading uses, how the VEX fee applies on exchange accounts (which pay no VEX fee today), and how the monthly creator fee is collected from follower wallets (Q12)
Cara follows a strategy. Month 1 her copy is up $100: the creator gets $10. Month 2 she is down $40: no fee. Month 3 she gains $60 and ends $20 above her previous high: the creator gets $2.
Risk controls
Proposed
- Declared limits are enforced by VEX's policy engine, not by trust: an order outside them is refused before signing.
- If a strategy breaks its declared drawdown, it pauses for every follower at once.
- Each follower's own limits apply on top.
- The global pause stops all copy trading.
Phase 2: vaults
PlannedProposed
- A creator's agent runs a native Hyperliquid vault. Followers deposit directly on Hyperliquid, so their funds never pass through VEX.
- VEX builds on Hyperliquid's newer HyperEVM vaults, so vault fees can follow the copy-trading rules above.
- No pooled funds held by VEX and no vaults on VEX's own contracts before an audit and a legal review.
Hyperliquid, as of 8 October 2026: legacy vaults pay the leader a 10% profit share and require the leader to keep at least 5%. Depositors have a 1-day lock-up. Newer HyperEVM vaults can be tokenized with custom accounting. Legacy vaults do not support HIP-3 or spot.
Hyperliquid is connected in VEX Cloud (checked on testnet). It was removed from Desktop in v0.2.0.
RoadmapChapters
Roadmap
Chapter 9. What is live, what is next, what is only designed.
VEX Desktop and $VEX are live, VEX Cloud is in beta, VEX Arena is in development, and VEX Mobile, CLOUD, staking, copy trading and vaults are planned. We give dates only for things that happened. Each part moves to LIVE when it ships, and each release gets its own note.
VEX Desktop
2026-07-09 to 2026-10-13
Latest: v0.4.0, 13 October 2026.
Live
- Now 2026-10-14
not set
In development, not released: Lighter perps fee from 0.10% to 0.02%; percentage closes and account-wide cancel on the Lighter desk; a Lock control and shortcut; async scrypt for the vault; mission reasoning effort fixed in the mission contract (default high); read tools that run at the same time.
Next
not set
OpenDesktop roadmap beyond the next release (Q16)
Planned
VEX Cloud
2026-09-28 to 2026-10-08
Core agent, chat, paper trading, futures and Hyperliquid on testnet, Lighter, Robinhood Chain, platform fee, memory and knowledge, DexScreener tools.
Beta
Telegram on the real bot. Simpler permissions and longer memory, on a branch.
In development
- Now 2026-10-14
not set
Merge, rebuild production, then a low-cap mainnet release after the release gates. Openowner to confirm the NEXT milestone wording (Q14)
Next
not set
Missions. Model choice for the allowance. CLOUD contracts, after an audit.
Planned
VEX Mobile
- Now 2026-10-14
not set
A native app for your Cloud agent. No milestones yet.
Planned
VEX Arena
Built and tested with small real funds: hash-chained log and live feed, agent wallet, swaps and bridges, research tools, sleep and wake, operator console.
In development
- Now 2026-10-14
not set
Finish the Lighter lane.
Next
not set
Round lifecycle, settlement, scoring, the public site, a seven-day dry run, then Season 1 Round 01.
Planned
Economy
- Part
- $VEX
- Status
- Live
- Where it stands
- Launched 3 July 2026 on Robinhood Chain
- Part
- Fee rule (85% buyback and burn, 15% Ecosystem Growth)
- Status
- Liveas team policy
- Where it stands
- One treasury buyback so far, 30 August 2026, listed in the burn ledger
- Part
- Automated buyback on a schedule
- Status
- Planned
- Where it stands
- Not built
- Part
- CLOUD
- Status
- Planned
- Where it stands
- Design chosen (the Venice DIEM model); curve open; contracts not written; audit required before mainnet
- Part
- Old CLOUD minter (testnet)
- Status
- On testnet
- Where it stands
- Built for an earlier design; to be replaced. Mainnet is not deployed yet (audit pending).
- Part
- Staking
- Status
- Planned
- Where it stands
- Tiers proposed; no contract
- Part
- Copy trading (phase 1)
- Status
- Planned
- Where it stands
- Rules proposed; nothing built
- Part
- Vaults (phase 2)
- Status
- Planned
- Where it stands
- After an audit and a legal review
Open parameters and risksChapters
Open parameters and risks
Chapter 10. What is not decided yet, and what can go wrong.
Every number marked PROPOSED can change before launch. Every OPEN item is a decision we have not made. We list them here so nobody has to guess.
Parameters to be finalized
- Item
- Which agent fees count toward the 85% rule; since when; buyback schedule
- Chapter
- (05)
- Tag
- Open
- Today
- Not decidedOpenQ2
- Item
- Base Mint Rate, curve exponent, exact formula
- Chapter
- (06)
- Tag
- Open
- Today
- Not setOpenQ3
- Item
- Minting CLOUD above the Target Supply
- Chapter
- (06)
- Tag
- Open
- Today
- Not decidedOpenQ4
- Item
- What happens if protocol income does not cover the compute owed
- Chapter
- (06)
- Tag
- Open
- Today
- Not decidedOpenshortfall rule
- Item
- Staked VEX as a token or a status; chain and contracts; who changes parameters; timelock; change log
- Tag
- Open
- Today
- Not setOpenQ6
- Item
- Minimum staked CLOUD; when a stake counts; what the $1 is priced at; spend order; Cloud only or Desktop too
- Chapter
- (06)
- Tag
- Open
- Today
- Not setOpenQ7
- Item
- Team mint at launch; how the first 1,000 CLOUD are distributed
- Chapter
- (06)
- Tag
- Open
- Today
- Not setOpenQ8
- Item
- Minimum staking lock: 30 days or none
- Chapter
- (07)
- Tag
- Open
- Today
- Not decidedOpenQ10
- Item
- Staking discounts on Desktop fees
- Chapter
- (07)
- Tag
- Open
- Today
- Not decidedOpenQ11
- Item
- Copy trading venues; VEX fee on exchange accounts; collecting the creator fee
- Chapter
- (08)
- Tag
- Open
- Today
- Not decidedOpenQ12
- Item
- Target Supply 1,000; hard cap 50,000; cooldowns 1 day and 7 days
- Chapter
- (06)
- Tag
- Proposed
- Today
- Owner-set
- Item
- CLOUD compute paid from protocol income (tax share plus Ecosystem Growth)
- Chapter
- (06)
- Tag
- Proposed
- Today
- Owner-set
- Item
- Staking tiers, discounts and mission counts
- Chapter
- (07)
- Tag
- Proposed
- Today
- Table in (07)
- Item
- Locked-for-CLOUD VEX counts toward the tier
- Chapter
- (07)
- Tag
- Proposed
- Today
- To be confirmedOpenQ10
- Item
- Creator fee: 10% above the high-water mark, monthly in USDG
- Chapter
- (08)
- Tag
- Proposed
- Today
- Item
- Creator requirements: 1,000,000 staked VEX, 30 days of paper results
- Chapter
- (08)
- Tag
- Proposed
- Today
Risks and disclosures
Tokens 11
Products 7
Third parties, code and law 3
Releases
VEX Desktop ships often.
The desk, on paper.
A new look for the desktop app: paper by day, Night Ledger at night, an open-book layout, an eagle that shows the agent's state and the REAL FUNDS frame on every approval.
Faster turns. Faster clicks.
Faster agent turns and desk actions, more responsive wallet operations, saved mission reasoning, encrypted wallet recovery and lower Lighter perpetual fees.
Kairos: the first build.
The first Kairos build ships for Windows and Linux; macOS and the full release notes follow in 0.3.1, on the same code.
Unstuck.
Stale Lighter reservations recover from verified evidence, orders use live account limits, and a chart click sets your limit price.
Dates are GitHub publish dates.
FAQ
Questions people ask.
Do I need $VEX to use VEX?
No, not for VEX Desktop: it never asks you to hold $VEX. VEX Cloud gives every guest 0.01 USD of AI a day and every signed-in member 0.05 USD, and you can add your own model key. Holders of the credit token get 1 USD a day per whole token held. CLOUD is the token held for inference credits on VEX Cloud; its minter is on Robinhood testnet only and mainnet is not deployed yet (audit pending).
What does the AI cost me?
In Desktop you bring your own OpenRouter key and pay OpenRouter directly. In VEX Cloud each run reserves its worst-case cost from your daily budget, then settles at the provider's list price. Runs on your own model key are not charged to that budget.
Who holds my keys?
In Desktop, you do: keys are created and encrypted on your computer and never leave it, and the code is published as source-available so anyone can check. In VEX Cloud you own an embedded wallet, and when you turn trading on you give VEX's execution service a limited right to sign for it, which you can revoke at any time. In both, the AI never holds a key.
Can the agent trade without asking me?
Only if you choose that. By default every action that moves money waits for your approval. Desktop's Full Autonomous sessions act without asking, and the wallets you attach are the only limit. VEX Cloud's Full access acts without asking inside automatic limits; futures, token launches, CLOUD mints and transfers to a new address always ask.
Is VEX Cloud live?
Not on mainnet. It is in beta: it runs on test networks, its mainnet execution is switched off, and production is being rebuilt. You can open it and chat as a guest today. To hear when it opens to everyone, join our Telegram channel (opens in a new tab).
Where does the 0.25% fee go?
To a public treasury address. The team's policy is that 85% of the fee buys back and burns VEX and 15% funds Ecosystem Growth. It is a policy carried out from the treasury, not code. The burn ledger on the home page lists every buyback and how much VEX has truly been burned.
VEX Cloud and CLOUD: what is the difference?
VEX Cloud is the app: your agent in the browser and in Telegram. CLOUD is the token held for inference credits on VEX Cloud. Its minter is on Robinhood testnet only. Mainnet is not deployed yet (audit pending). The proposed design adds $1 of AI compute a day for each staked CLOUD; that design is not built.
Does staking pay a reward?
No. Staking is planned, and it lowers your fee, raises your limits and opens creator features. No reward is paid. CLOUD gives an allowance of AI compute, not a share of revenue.
Is VEX Arena where VEX agents compete?
No. Arena is a separate experiment with its own code. The models there trade with no approvals and no limits on purpose, so Arena results say nothing about how VEX Desktop or Cloud agents perform. Nobody can enter it. It is in development, and no round has run.
Does VEX Desktop keep trading when my computer is off?
No. Desktop works only while the app is open. If you close it or the computer sleeps, a running mission stops making progress. VEX Cloud keeps strategies running on VEX's servers while you are offline; it runs on test networks today.