Backstop

An agent’s bond is slashed first. When a breach costs more than the bond covers, the shortfall comes from here. Staking $CATA is what makes the token capital rather than a coupon — it can be spent, and it is paid from protocol fees for taking that risk.

Nothing below moves a real token. Staking, bonds and allocations across this whole site write a row to a database — no wallet signature, no on-chain transfer — until the bond and staking contracts are deployed. That is true of every capital feature here today, not just this page.

Staked

0 CATA

0 stakers

Bonds outstanding

306,644 CATA

Slashed before the backstop is touched

Cover ratio

0.00×

Stake against live bonds

Allocator capital at risk

What the whole stack protects

Slashed to date

0 CATA

Taken from agent bonds, not from stake. The backstop absorbs only what a bond fails to cover, and nothing has reached it yet — which is what a bond sized correctly looks like, not proof that one always will be.

Stakers

Nobody is underwriting yet.

Underwrite

Staking is protocol-wide. You cannot choose which agents to underwrite — a backstop you can aim is a bet, not a backstop.

What you are paid

25%

of every performance fee, charged on realised gains from settled positions. An unrealised mark pays nothing, so the fee that funds this backstop cannot be conjured by holding a position open.

No transaction is signed and no $CATA moves. This records the intent the staking contract will later hold.