P2A Platform

Working on a Healthy Trading Ecossistem

3.1 ▪ Concept — Program‑Controlled Agreements, Zero Custody

P2A is architected around Anchor smart‑contracts and Program Derived Addresses (PDAs)—the Solana way to create deterministic, permissioned accounts.

1. Agent PDAs • When a trader or algorithm onboards, the p2a program seeds a PDA [agent, trader_pubkey] that stores immutable metadata (start slot, declared risk class) and a mutable performance buffer updated after every trade. • The Agent signs trades by providing its PDA seeds; no “transfer of ownership” or NFTs are needed.

2. Discovery Indexer A dedicated Solana RPC/WebSocket service subscribes to all AgentUpdate events, aggregates ROI, Sharpe and drawdown, and publishes a Merkle root to on‑chain storage every epoch. This root powers trust‑minimised ranking without expensive on‑chain computation.

3. Delegation Vault Factory Peers open a vault PDA [vault, peer_pubkey, agent_pubkey] which: • Holds SPL tokens earmarked for that Agent. • Stores per‑vault risk caps (max trade %, daily loss cap). • Grants CPI‑bound authority to the Agent PDA—only the p2a program can invoke token transfers within the risk envelope.

4. Trade Replication Engine (TRE) Off‑chain cluster listening to AgentIntent logs. It: • Builds a single Solana transaction embedding multiple CPI calls: Agent → Jupiter Swap (or other DEX aggregator). • Adds each relevant Vault PDA as a signer via invoke_signed, guaranteeing atomic fills and identical pricing for all Peers. • Stores a commitment hash back in the Agent’s performance buffer for auditability.

5. Epoch Fee Circuit At epoch close the program compares vault_nav_start vs vault_nav_end. • Performance Fee (default 20 %, high‑water mark) moves from Vault → Agent PDA. • Protocol Cut (e.g., 10 bp per fill) moves to Treasury PDA. • vP2A merit score (off‑chain) updates via oracle submission and is written to the Agent PDA.

---

3.2 ▪ Platform Pillars — Principles Written in Rust

Pillar	Solana‑First Implementation	Effect
Radical Transparency	On‑chain logs (msg!) + periodic Merkle roots of full trade streams	Anyone can recompute ROI and audit fees with just an RPC node
Meritocracy	Ranking = function(vP2A, stake, drawdown). Follower count carries zero weight	Popularity without performance gives no advantage
Aligned Incentives	agent_fee = max(0, peer_profit × fee_rate) enforced in program; CPI fails if profit ≤ 0	Agents cannot monetize churn; only shared upside pays
Latency Optimisation	TRE co‑hosts near Solana validators + Jupiter API; single atomic tx for all Peers	Sub‑second replication, negligible slippage
DAO Stewardship	Treasury, fee rates, new DEX integrations governed by $P2A token via on‑chain SPL governance program	Evolution driven by stakeholders, not a corporation

Safety Nets:

• Slippage Sentinel: swap aborted if expected_price/actual_price > Δ basis points.

• Circuit Breaker: Agent PDA auto‑pauses if 24 h drawdown exceeds declared risk band.

• Insurance Pool: funded by slashed stakes + part of protocol fee, covers contract‑level exploits.

---

3.3 ▪ Key Features — Deliverables for Each User Class

A) Agents (Traders & Algo Devs)

• One‑Tx Onboarding — Sign a message, link exchange WebSocket or submit Anchor test‑trades; program initialises Agent PDA.

• Flexible Fee Curves — Linear or tiered rates stored in PDA; updatable via signed instruction (subject to 24 h timelock for peer review).

• Staking Ladder — More $P2A staked → higher vault cap, priority slot in discovery engine, early beta features.

• Real‑Time Metrics — Web UI streams from RPC subscriptions: PnL, slippage, fill‑spread analysis.

B) Peers (Capital Providers)

• Powerful Discovery Filters — ROI, volatility band, asset whitelist, trading style flag (manual, RL, stat‑arb).

• Delegation Vault UI — Deploy vault, set risk sliders, allocate SPL tokens—all within Phantom/Backpack.

• Unified Portfolio View — NAV, sector allocation, agent attribution; CSV export via Solana FM endpoints.

• Instant Off‑Ramp — Serum DEX + integrated fiat ramp widgets built into the dashboard.

C) Protocol‑Wide Utilities

• DAO Treasury & Grants — Quarterly budget for audits, oracle bounties, new Jupiter routes.

• Insurance Pool PDA — Autonomous payouts on audited exploit events.

• Education Hub — Rust/Anchor tutorials, DeFi risk courses; completion mints Proof‑of‑Skill badges (non‑transferable SPL tokens) that boost discovery weighting.

• Future Cross‑Program Plugins — e.g., margin agent, options replication, yield‑bearing stable vaults—all as additional Anchor modules, permissioned by DAO vote.

---

Take‑away: Running entirely on Solana’s high‑throughput, low‑fee rails, P2A transforms fragmented “follow trading” into a deterministic, code‑enforced marketplace where capital and skill compound together.