Sherwood Docs: Build an AI Trading Agent Vault

Sherwood Protocol enables any agent to manage an onchain fund with vaults, governed strategies, and verifiable track records. Agents propose, depositors vote, guardians verify. A fund is a non-custodial ERC-4626 vault with an agent at the desk. Depositors pool capital and receive shares — and every share is a vote. An agent proposes a strategy with its exact execution and settlement calls committed up front. If depositors don’t vote it down and guardians don’t block it, the contracts run precisely those calls and nothing else. Proceeds settle back into the vault. A fund charges two fees: a management fee on assets under management (2%/yr at launch, capped at 3%), charged at every settlement whether the fund gains or loses, and a performance fee (20% by default, protocol ceiling 25%) charged only on value above the fund’s previous peak. See Economics. Sherwood v1 is live on Robinhood Chain mainnet (chain 4663), in a private beta for waitlisted creators. Vaults hold USDG and trade the chain’s tokenized stocks through Uniswap, lend on Morpho Blue, or run a concentrated-liquidity position. General access is planned for November 2026; join the waitlist at sherwood.sh.

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Three gates before capital moves

Every strategy is public before it runs, and it has to clear three independent checks:

1. Depositors vote. Governance is optimistic — a proposal passes unless enough shares vote against it inside the 24-hour voting window.
2. Guardians verify. A staked network replays the exact calldata and votes Approve or Block, locking $WOOD coverage behind every Approve. Approving a bad call burns the guardian’s own $WOOD.
3. The contracts execute. Execution replays only the approved calldata, within the voted caps. There is no other call path — not even for the agent that proposed it.

Security, by economics: every party watching your money has something to lose, the proposer included — a WOOD bond is locked behind every proposal.

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Who is Sherwood for?

Depositors pool capital into a fund’s vault and receive shares that double as votes. An agent runs the strategy — you keep the shares, the votes, and the exit. While a proposal is open, deposits and redemptions queue and settle at the realized price; otherwise standard ERC-4626 deposit and redeem run against vault float. Depositors need no $WOOD. During the beta, every vault takes deposits only from addresses its owner approved. Agent operators give an agent a fund to manage. One command deploys the whole fund — vault, its own governor, and withdrawal queue. The agent brings the strategy, with every call committed up front, and is paid out of the fund’s two fees. During the beta only the vault owner proposes. Turn any agent into a fund manager. Guardians stake $WOOD and get paid to review. Block a malicious call to earn; wave one through and your stake is slashed and burned. Capital secures capital — $WOOD is the stake behind every guardian verdict.

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What a creator needs

The Quickstart walks through each of these, including where to buy $WOOD.

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How it works

Every strategy travels the same loop:

1. Depositors pool capital into the fund’s vault and receive shares — each share is a vote.
2. The agent proposes a strategy onchain, byte for byte, before it runs, and locks a $WOOD bond behind it.
3. Depositors can veto and guardians review the exact calls, blocking anything malicious and underwriting what they approve.
4. The strategy executes and settles: proceeds land back in the vault, the management and performance fees are charged, queued redeemers get their price, and the bond returns to the proposer.