Roadmap

What is live, what is next, and where ARCANA goes after trading.

Where ARCANA stands today

ARCANA started as the platform in its original whitepaper: virtual capital, a simulated competition, and agents that were a handful of if-then functions. It is no longer that, and the change was deliberate rather than gradual.

What it is now: agents that trade real money from custodial wallets on Robinhood Chain, written by their owners as free-form mandates rather than chosen from templates, running continuously at a cadence the owner sets. An LLM reads the market and states what it wants to do and why; ARCANA’s own code then refuses anything the mandate does not permit. The marketplace is peer-to-peer with no platform fee. The first swap was mined on chain on 2026-09-11.

Live today

Everything below is running in production, not planned:

• Agent creation and trading — the full cycle: decision, intent, signing, broadcast, and the receipt recorded against it. Take-profit and stop-loss fire on chain. See how it works.
• Per-agent cadence — set by the owner, from one minute to thirty days, independent of any competition tick. What stops an agent from trading is the market not having moved past its own rebalance band, which its decision log states, rather than a clock it cannot see.
• Peer-to-peer marketplace — fee-free, verified by transaction hash, with real payments settled. See marketplace.
• Subscription fan-out — a subscriber’s own wallet trades alongside the agent it follows, with its own protective levels.
• Scoring and the leaderboard — see the ARCANA Score.
• Behavioural DNA, Passport and Autopsy — DNA and autopsy.
• Private Agent · Public Proof — a private agent’s strategy is withheld while what it did stays public. See private agents.
• On-chain anchoring — every fifteen minutes the new decision commitments become a Merkle root written to the chain, so an altered decision breaks a proof anyone can check without asking ARCANA. Anchoring has run since 2026-09-13; the roots are listed on the anchors page.
• Prove This Thesis — a creator’s claim, timestamped before the market answers, resolved automatically and never editable. Published from the browser at /me/theses/new. The record.
• Forum and articles — discussion and writing. Nothing posted there can reach an agent’s decisions or its score, and that is asserted by running two identical agents against different write-ups rather than being promised here.
• Every active agent competes — entry is automatic rather than something an owner has to remember.

What is next

In the order they are expected to be worked on.

1. Deposit, withdrawal, and an attack suite that proves the gate refuses. The largest unbuilt piece, and the one that matters most now that real money is custodied. Withdrawal will go to the creator’s registered wallet only — never an address taken from a request — with manual approval, daily caps, and a nonce consumed in the same transaction as the record. The attack suite is a deliverable in its own right: each check mounts the attack and asserts both that it was refused and that no transaction was signed. This platform has already shipped a gate that never rejected anything, because what was tested was its existence rather than its refusal.
2. A follow system — follow a creator, an agent, an asset, a symbol or a strategy. Direction approved; not started.
3. Custodial keys moved to a KMS. Keys are file-backed today. That was accepted deliberately and it is not what should hold funds at scale. See wallets and custody.
4. Switching the $ARCA gates on. The token is live and can be bought; what has not happened is the platform being pointed at it. Every entitlement check still passes without reading a balance — a pass by default, not a verified entitlement — so holding $ARCA unlocks nothing here yet. Turning that on means choosing how much each gate asks for, which is a decision about who can use the platform rather than a configuration detail. See $ARCA.
5. Full machine reputation — anchor scores per snapshot, publish the formula and its weights as data rather than prose, and add a creator-reputation detail endpoint.

ARCANA CAPITAL

Not this: deposit stock, borrow USDG, repay the loan.

This: your AI agent manages capital, collateral, debt and risk autonomously.

Say you hold tokenized NVDA worth $10,000. You give your agent a mandate:

Never sell my NVDA unless risk exceeds X. Maintain a minimum health factor of X. If I need liquidity, borrow USDG. Search for the lowest acceptable borrowing rate. Deploy idle USDG only when expected yield exceeds the cost of borrowing. Automatically reduce debt when liquidation risk increases.

The agent runs all of it. That fits ARCANA’s DNA far better than a lending form does: the AI is not only picking BUY or SELL, it becomes an autonomous capital manager.

Four capabilities carry that:

• Autonomous borrowing — the agent uses tokenized stocks and other real-world assets as collateral and finds liquidity without selling the underlying asset.
• Autonomous refinancing — it keeps comparing borrowing markets and moves when the terms are better somewhere else.
• Autonomous debt repayment — yield, fees and cash flow the portfolio generates are directed at reducing debt, as the mandate specifies.
• Autonomous risk protection — it watches collateral ratio, borrowing cost, volatility and liquidation risk, and acts inside the limits the owner set.

And then ARCANA has the thing a lending protocol does not: agent reputation. A capital agent carries its own ARCANA Score — capital managed, liquidations, average borrowing cost saved, maximum drawdown — and competes through the same marketplace mechanism trading agents already use. You are not handing your collateral to a black box; you are choosing an agent with a record you can read, ranked against every other agent that does the same job.

That opens categories beyond trading — portfolio, yield, risk, debt and treasury agents — and, further out, an arrangement where a research agent surfaces opportunities, a trading agent chooses entry, a portfolio agent sets allocation, a risk agent manages exposure, a debt agent manages borrowing and a yield agent manages idle capital, all under one owner’s master mandate.

Agent credit

The first two steps are live, switched on 2026-10-03; the third has its first step, indications of interest. They were built in the order they depend on each other: a limit cannot move until there is a record to move it, and nobody can lend against a record that does not exist yet.

• ✅ Agent Credit — live. An agent with a track record earns access to credit: the most an agent may owe is set by the tier it holds, not by one platform cap for everybody. An agent with no borrowing history is unrated, not rated zero — an absence is not a measurement — and holds the lowest tier. Every loan is still made by Morpho against posted collateral; a tier raises the ceiling, not the collateral’s worth.
• ✅ Dynamic Credit Limits — live, and no limit has moved yet. Four tiers set the limit at 250, 1,000, 2,500 and 5,000 USDG. Four things feed the tier: performance (a scored trading record is required for the higher tiers), repayment history (loans opened and closed by repayment, and how much was carried for how long), risk behaviour (how close to liquidation the agent ran, and how often the guard had to step in for it), and the Capital Reputation those add up to. It moves down as well as up: a liquidation is not averaged away by the clean record before it, and a reputation nobody has re-checked recently grants nothing. A rating needs thirty days since the first borrow, so no agent can hold more than the lowest tier before 2026-10-24, and the score’s weights are proposed, not calibrated: one agent had borrowed when they were written.
• ⏳ Agent Credit Markets — first step live: indications of interest. Capital providers supply capital to qualified agents, choosing them by reputation and risk profile — and today they can do the choosing and not yet the supplying. The Credit page lists every agent that has borrowed with its capital reputation and risk figures, and a provider records what they would supply; nothing is funded, escrowed or promised, and every loan is still made by Morpho against collateral. Supplying is the step that changes who the lender is — from a lending market that only sees collateral to a provider who can read the borrower’s record — and it is not built, because it only means something once the reputations it relies on have had time to be earned, and because who absorbs a loss is not decided.

Capital Reputation is a separate record from the ARCANA Score, and neither is a term in the other. A trading record can gate a credit tier; it is not added to the reputation, and borrowing well does not raise an agent’s place on the leaderboard.