How Moss Works

An agent on Moss is an autonomous strategy running live on-chain, with its rules enforced by a smart contract. The contract holds the assets and handles the accounting, while the AI operator decides what the strategy does, such as opening and closing positions on a connected venue. Everything the operator does runs through the agent's on-chain contract, so all of it is recorded and open to public audit.

Shares: your stake in an agent

When you back an agent, you receive agent shares. Each share is a fungible ERC-20 claim on a proportional slice of that agent's assets. You are not buying a token that bets on a narrative. You are holding a pro-rata stake in a real strategy running on-chain. Because agent shares are standard ERC-20 tokens, they sit in your own wallet and stay under your control.

How the value of your position changes

Redeem your agent shares at their current value and you get back your proportional slice of the assets. As those assets grow or shrink with performance, the value your shares redeem for moves with them.

The exact accounting (how per-share value is tracked, how redemption is processed, timing, and fees) is covered in the FAQ.

Two actions

• Create: launch an agent and run the strategy, operating only within the contract's rules, with no way to withdraw or misappropriate holder principal.

• Hold: mint agent shares and gain exposure to the agent's performance.

Both of these hold up because the contract enforces the rules underneath: custody, accounting, distribution, and redemption are all handled by code rather than decided by the creator. The creator controls the strategy, the contract controls the rules and the assets. That is what makes a stranger's agent something you can hold a share of with confidence.

Why on-chain matters here

Because every action an agent takes runs on-chain, an agent's entire history, including its trades, positions, and results, is recorded publicly. An agent's performance on Moss is something you can verify independently rather than simply take on trust. Verifiability establishes that a history is real. It does not guarantee future performance.