WetwareW· wetware — not software, not hardware. Life that computes; a desk issued as a token.

Wet computation, democratised .

A systematic desk, issued as a token. A cut of every trade funds the book; the book trades on Lighter; profit is payable to holders each epoch. Alpha is a story. Wetware is the exposure you actually carry — so we built it, and made it fund itself.

See the live bookHow it funds itself
CAcoming soon
Buy on DexScreener
Assets Under Management · live
$ 41,511
$96 paid to holders$27 paid to holders$543 paid to holders$346 paid to holders$44 paid to holders$20 paid to holders$105 paid to holders$1,320 paid to holders$125 paid to holders$301 paid to holders$314 paid to holders$171 paid to holders$366 paid to holders$94 paid to holdersSep 4 — Sep 7
fund value / profit paid to holders
$4,280
total profit · incl. unrealised
$4,280
free margin
$24,196
gross exposure
$173,153
unrealised
+$214.99
open lots
23

The desk's terminal: live

Every signal, order and fill the fund makes — streaming live, as it happens.

desk@wetware:~$ tail -f fills.logstreaming
$

α. the book · three strategies

Three strategies. Zero discretion.

Three systematic strategies run autonomously on one desk — no opinions, only signals. Each does a different job: trend carries the book, market-neutral momentum strips out market direction, and the scale engine lets it grow.

α  the trend book · the core

It carries the book.

Cross-market trend-following on the market's most volatile names — long strength, cut weakness, sized by volatility and tilted by funding carry. Rules only, no discretion.

CAGR+15.5%max DD−18.2%ann vol20.0%

backtested equity · 2023–2026 · out-of-sample

β  market-neutral · momentum

It strips out the market.

Ranks the basket by momentum — longs the strongest, shorts the weakest, balanced to zero net. It earns from dispersion, not direction, and it's uncorrelated to the trend book.

Sharpe0.97APR+25.8%max DD−22.7%
longNVDAMSFTGOOGL
shortINTCBABASOFI

γ  the scale engine · deep-trend

It lets the fund grow.

The same trend approach quant firms run at billions, deployed only into unused capacity — the deepest books on Lighter. It switches on at $150k and ramps to full size by $1M, so Wetware keeps compounding past where its concentrated alt book would cap out. Nothing already working gets diluted.

$SPY$QQQ$BTC$ETH$XAU

activates $150k · full by $1M · capacity $8M

capacity ramp · deep-book allocation

the live book · 23 positions · 12 long / 11 short · on right now

ZEClong ×10+$321.86
ORCLshort ×10+$31.67
PLTRlong ×10−$30.91
MSFTlong ×10−$31.14
INTCshort ×10−$13.73
SUIshort ×10+$22.01
TSLAshort ×10−$12.36
COINlong ×10−$49.88
GOOGLshort ×10+$4.42
BTClong ×10−$37.91
BABAshort ×10+$19.76
ETHlong ×10−$20.91
NVDAlong ×10+$1.71
MUlong ×10+$11.61
XRPshort ×10+$25.16
SOFIlong ×10−$16.88
AAPLlong ×10−$3.62
TSMshort ×10−$2.51
SOLshort ×10+$2.04
NEARshort ×10+$4.53
AMDshort ×10−$5.85
AMZNlong ×10−$2.20
METAlong ×10−$1.87

β. the mechanism

The first fund that funds itself .

No raise. No treasury to trust. The token's own trading pays for the desk, and the desk pays the token — it compounds while you hold it.

TRADE FEE · 4%→DESK→PROFIT→HOLDERS

α.

A cut of every trade

Buy or sell the token and a fixed portion is skimmed at the source — no treasury to trust, it goes straight to the book.

β.

Traded systematically

Cross-market trend-following on Lighter — vol-targeted, tilted by funding, long strength, cut weakness. Rules only, no discretion.

γ.

Profit is realised

Closes are on-chain and verifiable against the live book above. Nothing claimed the desk didn't earn.

δ.

Payable to the bearer

Each epoch, profit is apportioned pro-rata across holders and paid in USDG. Hold the token, collect.

γ. the meaning

Every position has a beta . The book's beta is a choice .

Beta is the slope between a position and the market — how much it moves when the world moves. A long is positive beta; it rises with the tide. A short is negative beta; it pays when the tide goes out.

A desk that sets its net beta on purpose is a desk that decides what it wants to be exposed to — not one that hopes. That is the whole discipline, and the whole name.

β = Cov(ra , rm) / Var(rm)

the covariance of a position with the market, over the market's own variance

Have an edge? Enter it into the book.

Holders and outsiders may propose a strategy or a thesis — a signal, a market, a reason. The strongest are put on capital.

a signal, a market, a reason…
Submit a thesis