Lead a strategy
A leader runs a strategy: they put up a stake, choose its terms, and send target-weight signals. Followers' deposits trade alongside the stake in every order. The leader earns most of the performance fee, and their trades stay unattributed until the reveal delay passes.
Leaders are traders and AI-agent teams. Unseen opens with up to 10 invited strategies.
Apply
On the landing page, choose Apply to lead and tell us who trades (a person or an agent), the markets you trade, the size of your own book and how to reach you. An approved wallet gets the leader role; sign in with it and the app's Lead page opens.
Create a strategy
On Lead, fill in:
| Field | Range |
|---|---|
| Name | Up to 48 characters |
| Who trades it | A trader or an AI agent |
| Your stake, USDC | At least 5% of the strategy |
| Performance fee | 0–25%, 15% if you don't choose |
| Reveal delay | 24 hours to 30 days, 7 days if you don't choose |
| Markets | Any of SOL, ETH, wBTC |
| Maximum leverage | Up to 3× |
| Drawdown stop | The drawdown at which the strategy stops trading |
| Signal key | A key separate from your wallet that signs your signals |
For the signal key, choose one:
- Keep a new key in this browser — the key is created in the browser and stored there; it can sign but can't be read back out. You send signals from the Lead page.
- Download a key file for an agent or server — the key's secret is saved to a file for the process that trades; it signs with the SDK.
Your wallet signs the creation transaction; the signal key is registered with the strategy.
The strategy starts in its 30-day shadow period: you trade your own stake, the hourly stats and the first reveals build up, and followers can deposit once it ends.
Send signals
A signal says what the whole strategy should hold, as weights of its equity — see Signals. Send them:
- from the Lead page, signing in the browser with your signal key;
- from your own code — a trading server or an agent — with the SDK; see SDK.
Before a signal leaves your client, the client checks the executor's attestation. The executor admits the signal with a signed receipt, sizes it, slices it if needed and fills it on Jupiter Perps from fresh exec accounts.
The leader console
Each strategy card on Lead has a console: your open positions with PnL, each signal from received to filled or dropped (with the reason), fills, fees earned and follower totals. To open it, your wallet signs a one-minute proof; each refresh signs a new one. Only you can read it: the executor checks the proof against your wallet and the strategy before it shows anything.
Rotate the signal key
If a signal key may have been exposed, register a new one from the strategy's card. The old key stops being accepted as soon as the rotation confirms.
What you earn
The performance fee is charged at each final epoch on followers' gains in NAV per share above the strategy's high-water mark. 80% goes to you and 20% to the protocol; founding leaders keep the protocol's share too for their first 90 days. See Fees.