07What agents do
Trading and Swaps
Approved spot exchanges and swaps, with seven controls on every proposal.
A trading-capable agent begins with approved spot exchanges and swaps on supported Robinhood Chain venues.
Each trade proposal specifies the input asset, input amount, permitted target venue, expected output, minimum acceptable output, recipient, estimated gas, price source and maximum execution window.
Swap controls
| Control | Reason |
|---|---|
| Asset allowlist | Prevent accidental exposure to arbitrary tokens |
| Router and selector allowlist | Restrict executable code paths |
| Recipient validation | Prevent assets being redirected to unrelated accounts |
| Max amount in | Bound the budget used in each call |
| Minimum amount out | Bound displayed slippage |
| Deadline | Reject stale route quotes |
| Aggregate exposure | Limit concentration across repeated swaps |
Slippage example
Turnover and costs
If a strategy executes 12 eligible swaps at 50 USDC each, gross eligible notional is 600 USDC. If a 1% fee applies to that notional under the finalised schedule, the nominal service fee is 6 USDC, excluding gas, spread, slippage and protocol charges. Trading volume is not deposited capital, and it is not profit.
Repeated rebalancing is constrained by a transaction-count budget, a cumulative turnover policy and estimated-cost checks. Liquidation exposure does not apply to ordinary unleveraged spot positions, but smart-contract and asset-price risks remain.