The whole design, in plain words.

Solid: works today. Dotted: designed, not built.

The fee flow is a team policy carried out from a public treasury, not code: 85% of the fee buys back and burns VEX, 15% funds Ecosystem Growth. Staking, copy trading and vaults are designs. None of them is deployed.

• Products → $VEX: fees on agent trades (0.25% on most), 85% buys back and burns VEX
• $VEX → Staking: stake VEX for lower fees and more missions
• Copy trading → Vaults: creators publish, followers copy in their own wallets

One user, one agent

• VEX Cloud runs the same agent in your browser. Today the preview chat on the home page does read-only research, with no account and no wallet. The full web app is coming soon. Preview
• VEX Mobile, a native app, will talk to that same agent, with the same memory and limits. Planned
• In 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).

The model cannot:

• Set a fee. Fee rates are fixed in code. (Desktop Live)
• 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. (Desktop Live)
• Start a mission. Only your click starts a run. (Desktop Live)
• Hold a key, or unlock anything through memory. (both)

Missions

• Desktop Live: A 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 Preview: the preview chat runs no missions and no strategies. It does read-only research. The full web app is coming soon.

How many missions you can run at once depends on your staking tier (PROPOSED, see (07)).

Approvals and limits

• 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%.
• Full Autonomous Agent sessions have no mission contract. The wallets you attach are the only limit.

The pause switch

• Desktop Live: Every 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.

AI makes mistakes. Approvals, limits and pauses reduce losses from a wrong decision. They do not remove them.

VEX Desktop Live

Your 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.

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

VEX Cloud Preview

The preview chat on the home page does read-only research. It has no account, no wallet and no keys, and it signs nothing. The full web app is coming soon.

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 approvals will work

VEX Desktop Live

• 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 the provider you choose, Vex Inference or OpenRouter with your key, so your conversation goes to that provider and its model. Your keys and vault contents stay on your computer.
• 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 Cloud Beta

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

• 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.

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.

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.

How it works today, plainly

• Chats, memories, profile values and documents are stored as plain text in VEX's database. Users are separated by application code and share the same services.
• Deleting one fact or one chat hides it but keeps its text. Delete all memory erases memory text.
• There is no time limit on keeping chats or memories.
• Use my chats to improve tool choice is on by default. That text is kept for 30 days and the records for 90 days. You can turn it off.
• People with access to the production database can read chats, memories and documents. They cannot read model keys, exchange keys or wallet keys without separate secrets.
• If you add your own model keys, they are encrypted with AES-256-GCM. VEX's worker can decrypt them to run AI-directed strategies.

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.

Token facts

Live

Supply and locks

Live

Measured by the team on-chain on 6 October 2026. Only the founders' lock has been confirmed independently so far.

Lock contract named by the team: TokenTable 0x1B0d0843578dEdb0f3aF84a0C29Aaf3d0D30A6d0.

The fee rule

0.25% on most agent trades. 85% buys back and burns VEX. 15% funds Ecosystem Growth.

VEX charges a platform fee on the agent trades it executes: 0.25% on most of them, 0.02% on Lighter perps, and no fee on some operations (the table below lists them). The team's policy is that 85% of those fees buys back and burns VEX, and 15% funds Ecosystem Growth. Fees go to a public treasury address, and every buyback is a public transaction on Robinhood Chain. The burn ledger below shows total VEX burned and sent to the dead address, read live from the chain.

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.

Fee rates in code

Desktop rates as of VEX Desktop v0.4.1. 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.

The Virtuals tax

Live

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.

View the contract ↗ (opens in a new tab)View the treasury ↗ (opens in a new tab)

Planned

$SI (Super Intelligence). Planned. $SI will give $1 of Vex Inference a day for general use in VEX Desktop and VEX Cloud, plus an API key for other models.

Planned No staking contract exists yet.

Tiers

Proposed

"Missions at once" counts VEX Cloud missions, which are planned. "Fee you pay" is the arithmetic of the discount.

Worked example: Ben stakes 500,000 VEX and reaches Silver. On a $1,000 swap he pays a $1.875 fee instead of $2.50.

Rules

Planned Nothing 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

Proposed

Phase 1: copy trading

Planned (all rules PROPOSED)

• 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.
• Worked example (high-water mark): 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

Planned (PROPOSED)

• 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.

Before you follow

• Past results do not predict future ones. Followers fill after the creator. Leverage can wipe out a position.

VEX Desktop

• Live Latest: v0.4.2, 23 October 2026.
• Live Vex Inference: AI models inside VEX Desktop, paid in the $VEX token. Live in VEX Desktop since 0.4.2.
• Next In development, not released: 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.
• Planned Desktop roadmap beyond the next release: OPEN.

VEX Cloud

• Preview The preview chat on the home page: read-only research, with no account and no wallet.
• Next The full web app, coming soon: the tools that act, each behind your approval.

VEX Mobile

• Planned A native app for your Cloud agent. No milestones yet.

Vex Inc.

• In development 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.
• Next Finish the Lighter lane.
• Planned Two companies run entirely by AI, on two different models, to compare which model runs a company better. Each board of three models (CEO, CTO, CFO) gets real money and hires up to 15 agent employees. No human steps in, and every move is shown live.

Economy

Parameters to be finalized

Risks and disclosures

Tokens

• VEX is a utility token for using VEX products. Nothing here promises a price, a return or a listing.
• Staking pays no reward.
• The 85% buyback and burn is a team policy carried out from the treasury, not code. One treasury buyback has happened so far, and its VEX went to the dead address, which does not lower total supply.
• The VEX contract belongs to Virtuals, which controls the trading tax rate, its recipient and which pools are taxed.
• Selling that already exists: the Virtuals tax sells the VEX it collects; Virtuals' Automated Capital Formation sells its allocation in price steps; the founders' allocation unlocks from 3 July 2027 over 6 months.

Products

• AI makes mistakes. Approvals, limits and pauses reduce losses from a wrong decision. They do not remove them.
• Desktop Full Autonomous sessions act without asking. The attached wallets are the only limit.
• Desktop works only while the app is open, and you pay your model bill: in VEX through Vex Inference, or to OpenRouter with your own key.
• VEX Cloud: VEX's server can sign for your wallet inside the policy you allow until you revoke it. Chats and memories are stored as plain text. Cloud is in beta on test networks, and mainnet is switched off.
• VEX Cloud: a Lighter API key created by VEX can request withdrawals, only to your own address.
• Copy trading and vaults: past results do not predict future ones, followers fill after the creator, and leverage can wipe out a position.
• Vex Inc. trades real money with no safety limits on purpose, and no human steps in. A company can lose everything.

Third parties, code and law

• Third parties can fail: exchanges, bridges, Privy, Hyperliquid, Lighter and model providers.
• VEX Desktop's code is source-available and not licensed for reuse. VEX Cloud's code is private.
• Delegated signing, copy trading, vaults and token features may be regulated in some countries. Some features may be unavailable in some places.