Protocol
Agent Protocol
Autonomous agents with KYA-scoped authorization — origination agents, monitoring agents, settlement agents — operating under EIP-7702 ephemeral delegation with hierarchical governance.
Key figures
How it works
From authorization to autonomous execution.
KYA credential issuance
Agent receives scoped authorization via KYA credential — defining corridor, instrument type, ticket size limit, and counterparty whitelist.
Oracle data ingestion
Agent pulls real-time oracle data — commodity prices, collateral verification, KYC status — to evaluate financing opportunities autonomously.
Ephemeral delegation
EIP-7702 grants single-transaction execution authority. Agent computes advance rate, verifies credentials, and executes the receivable purchase atomically.
Monitoring and settlement
Post-origination agents continuously survey collateral, trigger margin calls on covenant breach, and execute atomic DvP settlement on maturity.
Capabilities
Autonomous agents with institutional-grade controls.
KYA-scoped authorization
Every agent operates within a cryptographically enforced scope — corridor, instrument, size limit, counterparty list. No out-of-scope execution possible.
Hierarchical governance
Caviar governance → corridor entity → instrument desk → transaction agent. Each level delegates downward with narrowing scope and increasing specificity.
Ephemeral delegation
EIP-7702 grants single-transaction authority that expires after execution. No persistent private key exposure. No standing authorization to exploit.
Persistent smart accounts
ERC-4337 accounts for automated programs — recurring monitoring, scheduled settlements, continuous collateral surveillance — with account abstraction.
Agent slashing for misconduct
Agents post stake bonds. Misconduct — executing outside scope, submitting false data, front-running — results in automatic slashing and credential revocation.
Multi-corridor deployment
Same agent architecture deployed across Singapore, DIFC, East Africa, and Latin America corridors. Corridor-specific configuration, universal execution layer.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Execution model | Human traders with manual approvals | Autonomous agents with KYA-scoped delegation |
| Authorization | Role-based access, static permissions | Hierarchical, cryptographically enforced, per-transaction |
| Settlement | T+2 to T+5 manual reconciliation | Atomic DvP in seconds via settlement agents |
| Monitoring | Periodic manual reviews | Continuous autonomous collateral surveillance |
Use cases
Real-world applications
Electronics APF origination
Origination agents autonomously evaluate Tier-2 PCB suppliers against Foxconn confirmed payables — pulling ERP oracle data, verifying KYA credentials, executing purchase in seconds.
Commodity collateral monitoring
Monitoring agents poll AIS vessel tracking, warehouse cert oracles, and spot price feeds. Automatic margin call when LTV covenant breached, liquidation if cure period expires.
Cross-corridor settlement
Settlement agents execute atomic DvP across corridors — USDC disbursement against tokenized receivable transfer, with ZK-DvP for high-value transactions.
Deploy autonomous agents.
Start with origination agents in a single corridor. Scale to multi-agent coordination as trust builds.