Everything you need to mint your first agent share, or turn your own strategy into an asset other people can back.
You are not losing because you lack information. You have more data than a 2015 hedge fund analyst had, for free.
You are losing because execution is a full time job. Sizing correctly on the fifth red trade in a row. Not revenge trading at 4am. Holding a position through the exact week it looks stupid. The research on that is not opinion, and we go through the numbers in one minute.
The interesting part is what changed. For the first time you can own a share of a machine that runs a strategy 24/7, read its entire record before you commit a dollar, and walk out whenever you want. That is what Moss Agent Marketplace is. Not a copy trading app. Not a signal group. An onchain market where agents are minted, held, traded and redeemed like any other asset.
This is the working guide. Two tracks: how to pick an agent worth minting, and how to put your own strategy onchain and earn from it. If you want more breakdowns like this on AI and trading, follow @MossAI_Official and turn on notifications.
Part 1: Four numbers worth memorizing
- Activity is a cost, not an edge.
Barber and Odean studied 66,465 US households at a discount broker from 1991 to 1996. The most active traders earned about 11.4 percent a year while the market returned about 17.9 percent, with roughly 75 percent portfolio turnover.
2. Persistence is worse than you think.
Chague, De-Losso and Giovannetti followed every individual who started day trading Brazilian equity index futures from 2013 to 2015. Among those who kept going past 300 days, 97 percent lost money, and the authors found no evidence of learning from experience.
3. Crypto retail is not special.
The BIS built a dataset from more than 200 exchange apps across 95 countries between 2015 and 2022. In nearly every economy, a majority of users ended up losing on their bitcoin holdings. During the Terra and FTX shocks, large holders sold while small holders bought.
4. Winning streaks decay.
S&P Dow Jones Indices publishes a Persistence Scorecard tracking whether top performers stay on top. The recurring result is that top quartile status is close to random from one period to the next, and in several vintages not one top quartile domestic equity fund stayed top quartile over the next four years.
Now apply that last one to every leaderboard you have ever screenshotted. A hot 30 days is a sample size problem in a costume. What actually survives scrutiny is a strategy you can read, a cost structure you can compute, and a record nobody can edit after the fact.
That is exactly what the Marketplace is built to expose.
Part 2: What the Agent Marketplace actually is
Moss Agent Marketplace is an onchain capital market for AI agents, built on FAT Protocol. Every listed agent is a live strategy running onchain under its own contract. You mint agent shares, which are a pro rata claim on the assets that agent manages.
Three categories exist today.
Trading Agents, for traders and developers. Autonomous strategies, starting with Hyperliquid perpetuals, with prediction markets and more venues coming. Capital is pooled from holders, returns accrue pro rata by share, and there is a hard supply cap.
Governance Agents, for projects and DAOs. Holders mint their tokens into shares, hold at a fixed APY, receive project token rewards claimed at redeem, and vote on proposals. Voting power uses a holdings snapshot taken when the proposal is created, so it cannot be bought at the last second. No lockup.
Consumer and Redemption Agents, for businesses. Shares are redeemable for real benefits. Holders unlock exclusive redemption codes once they accrue enough shares, which connects onchain assets to memberships, coupons and subscriptions. The last two are custom deployments, so talk to the team in Telegram or Discord.
The rest of this guide focuses on Trading Agents, because that is where most of you will start.
Part 3: The mechanics that actually decide your outcome
Skip this section and you will make an avoidable mistake. It is short.
- One number is your entire P&L.
Mint Price = agent managed assets divided by total supply.
That is what one share is worth right now. There is no separate yield to claim, no reward token, no staking screen. If the agent trades well, managed assets grow, each share is backed by more, and the price rises. If it loses, the same number falls. Your return is simply the share price at redeem minus the share price at mint, times the shares you hold.
2. New minters do not dilute you.
A new participant enters at the current price, and their deposit is matched with a proportional number of new shares. Assets and shares grow together, so the amount backing your share does not change. This is the question everyone asks and almost nobody checks.
3. Mint is queued, then priced uniformly. That is your MEV protection.
When you click mint, you are not settling at a live price. Your request joins the next settlement round, and everyone in that batch settles at the same computed price. Funds still queuing and not yet settled are excluded from the calculation. So a bot cannot front run you, cannot sandwich the price up before your fill, and cannot take your shares. If you have been sandwiched on a DEX before, you understand why this design matters more than any APY number.
- Learn the settlement clock.
Your mint sits as pending until the Executor settles the round and produces a share price. Only then can you claim your shares. Redeem works the same way in reverse: request, one settlement fixes the amount, then you collect. The Executor settles roughly once a day. This is not a swap, so do not treat it like one. Treat entries and exits as scheduled allocations.
- Where your money actually sits.
On Hyperliquid the funds live under the agent contract only, in two places: the contract on HyperEVM, and the agent trading account on HyperCore, both under the same contract address. The Executor can move funds between those two sides and can settle prices. It cannot send funds to any other address, because the destination is written into the contract. The Trading Wallet only signs orders, and never holds a position of its own. Even if one private key leaks, the funds cannot walk out the door.
That is the sentence worth repeating to anyone who has been burned by a manager before. This design stops your funds from being stolen. It does not stop them from losing value.
- Moss does not custody anything.
Non custodial by design. Moss never holds your keys, never signs for you, and cannot freeze or reverse anything. Every mint and redeem needs your own signature. If the Moss frontend disappeared tomorrow, your shares stay in your wallet and the agent contract stays onchain, and you can interact with it directly through a block explorer or another frontend.
- If an agent goes quiet, you have a refund path.
If an agent stops running properly and goes a long stretch without settling, there is a Refund action on the page to take your principal back. Check that you know where this button lives before you need it.
- Supply cap and Sold Out are real constraints.
Every agent has a fixed supply cap set at listing. Total supply is what has actually been minted. Once the cap fills, mint greys out and shows Sold Out, and there is currently no additional issuance. From that point the only way in is the secondary market, since shares are standard ERC-20 and can trade wherever a market exists. Market price there is set by buyers and sellers and can differ from the underlying redeem value.
- Fees are set by the creator, and shown before you confirm.
The creator configures a management fee in basis points at deployment, with 100 bps meaning 1 percent, and the flow defaults to 100 bps if left blank. On agents listed today the fee display shows 0 percent management fee, with no mint fee, redeem fee or performance fee. You still pay network gas. The rule to internalize: read the fee panel on the detail page every time, because it is per agent, not platform wide.
- Redeem lock is a parameter, not a promise.
Creators can set a redeem lock period, counted from when you submit the redeem request, up to a maximum of 30 days. Zero disables it. Check this number before you mint, not after you want your money.
Part 4: How to turn your strategy into an asset
If you already run a strategy, this is the cheapest possible way to convert it from a private script into something with a public record, a holder base and a revenue line. Three steps.
Step 1: Launch the agent on moss.site
Click Tokenize Agent, choose the Hyperliquid Perp Trader template, and fill in the basics: name, description, external URL, avatar. Then configure the contract: owner, executor, trading wallet, share name and symbol, share cap, management fee in bps, mint price, and redeem lock period.
The parameters where creators go wrong:
- Executor address. Must be a brand new EVM address that has never traded on Hyperliquid. Create a fresh account, do not recycle one.
- Share cap. Blank defaults to one billion shares. Set it deliberately, because it is your capacity statement to the market. A cap that matches your actual strategy capacity is a credibility signal, not a limitation.
- Management fee. Blank defaults to 100 bps, which is 1 percent. Price it against how often holders will rotate.
- Mint price. Blank defaults to one token per share.
- Redeem lock. Zero disables it, maximum is 30 days. Every second you add here costs you holders, so only add it if your strategy genuinely needs stable capital, and say why in your description.
Step 2: Deploy the Executor locally
The contract itself is passive. It custodies, issues shares and records prices, and it never acts on its own. Until the Executor runs, mint requests stay pending and no shares are released. You install the skill locally and run the Executor with the private key of that new address. You will need HYPE on HyperEVM for executor transaction fees, and USDC on HyperCore to activate the agent account.
Step 3: Start the copy trading service
Your agent replicates a source strategy's positions proportionally, scaled by the net value ratio between the two accounts. The Trading Wallet signs the orders, but positions and margin belong to the agent contract, and the resulting P&L shows up in the share price at the next settlement.
Three things that separate agents people back from agents people scroll past:
Settle on schedule, especially during volatility. Your settlement cadence is the most visible reliability signal you emit. Holders notice a missed day more than they notice a good week.
Write a description a stranger could falsify. Funding basis capture on perps. Mean reversion on one pair during Asian hours. Specific beats clever, because specific is what people can verify against your record later.
Publish your stop conditions. What makes this agent stop trading. Operators who publish stop conditions attract more serious capital than operators who publish backtests.
And if you already have a strategy on the Agent Strategy List, publish it from the strategy page instead. Binding your Marketplace wallet there earns the strategy a Verified badge.
Part 5: The honest risk section
If we skipped this you should not trust the rest.
Agent shares are not principal protected. Value moves with the agent's managed assets, drawdowns are real, and a large loss is possible. Strategy decay is real too, and no amount of onchain verifiability prevents an edge from fading. The Executor decides when to settle, so an agent that settles erratically is a red flag worth acting on. Sold Out means no new mints until someone sells on a secondary market. Redeem timing depends on the agent's state, including whether funds are still deployed in open positions. And mainland China is currently not supported.
The design protects you from theft. It does not protect you from being wrong.
What to do now
If you build strategies: The Tokenize Agent competition is live. Deploy your agent onchain at zero cost right now, and earn 500 Moss Diamonds for doing it. Diamonds are the platform's credential asset, earned through competitions, the Builders Program, community events and valid bug reports, and they are the key credentials for what comes next.
If you allocate: Open moss.site, pick a few agents. Redeem lock and fees first, 7D change second, Ask this Agent third, probe ticket fourth. Start small enough that being wrong is educational rather than expensive.
Either way: Follow @MossAI_Official. New agent types, new events and new Diamonds seasons keep landing, and we publish mechanics before marketing.
The people who get paid in the agent economy will not be the ones with the best prompts. They will be the ones who understood earliest that an agent with a public record is a business, and a business can be owned.
Nothing here is financial advice. Agent shares carry risk of loss. Size accordingly.
