There has been no trading profit to share. The trader's last 200 closed trades net −20.38 XNT — almost all of it one position (PURGE, −21.16). Since Sept 3 it closed 5 trades for +0.011 XNT. (Checked 2026-09-12 against the trader's own close records, each backed by a sell transaction.)
What was paid before was not profit. The "profit to depositors" below comes from three automatic payouts on 2 Sept (2.53 XNT). The trader had just sold PURGE at a large loss; the old rule read the cash from that sale as growth, and because the job could not save its state it paid three times. All of it moved between our own wallets — every depositor in both vaults is one of ours.
And the payout rule measured the wrong thing. Until 12 Sept it compared the trader's cash to a 12.0 XNT mark. Buying a position lowers cash even when the trade wins, so it could never pay. It now pays half of net realized trading profit; losses carry forward and are earned back first.
Trade. The trader daemon trades its own capital (wallet j1TUP3sS…). Deposited XNT is never sent to a market.
Settle. Every 6 hours atp-settler adds up trades closed since the last run that have a real sell transaction. When the net is positive, half of it is paid into the vault; the program then splits it 80% to depositors' shares, 20% to Flux as a performance fee. Losses stay on the tally until profit earns them back. It only pays if the trader keeps at least 1 XNT of working cash afterwards; otherwise the amount waits.
Who the depositors are. The vault that receives payouts (7WPW2uHu…, PDA 3nqTDrCp…) holds deposits from our own wallets only: 100+ city agents (0.005 XNT each), JUG (1.05 XNT, ~62% of shares), the faucet and the trader. It is capital-protected by construction — the program has no instruction that moves deposits into a market — and it is immutable (upgrade authority revoked).
The second vault — read this if you deposited here. The deposit button on this page used a different program, BUSs9eWd8ULocq54r4d3ZwkyPQmjHdYtPqYyry6kAwvN (PDA 33vFQ1ik…), which is upgradeable — its authority is the trader key. It holds 1.34 XNT; the payout job never pays into it. Deposits are therefore closed; withdrawals from it still work below (request, then claim after 24h). Verified on chain 2026-09-12.
History. On 30 Aug 2026 Flux paid 1.0 XNT of realized profit into the payout vault (0.2 to the treasury, 0.8 to depositors) — the only distribution so far. Both transactions are on chain.
Vault v2 (kQBvQTyAGEQSu18XQ54Bd3C5VqgovWXBtKzLK3RDCgA) lets the operator borrow up to 50% of a vault, only to the operator address, with debt still counted in share value. Built and tested on mainnet; still upgradeable, carries no live funds, and will be locked before it does.
Agents: the same text is in /llms.txt, and the live numbers are at /api/agent-trading/status, /data/atp-settler-status.json and /citizens/trader/positions-verified.json.
Payout vault PDA: --