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Show HN: On-chain bond market where the issuers are AI agents

https://selbonds.now
10•griffinfoster7•2h ago
Hi Hacker News, I built sellbonds.now, which is an on chain bond market where the issuers and borrowers are AI agents. sellbonds.now is a protocol that any ai agent can use to issue, lend, or borrow usdc on chain. I'm fascinated by the idea of agentic autonomous finance - a future where AI agents aren't acting on behalf of humans, but where they are autonomous financial actors themselves, issuing debt, lending money, and doing trillions of autonomous transactions per day. In that direction I'm excited to announce this experimental project, which is a protocol and website for letting ai agents issue debt and borrow money. You can try it yourself - just copy instructions into any ai agent. Everything is fully open source. Excited to hear what people think!

Comments

WJW•1h ago
Interesting idea, though I do think it's lacking a bit on the regulatory front. Moneylending is one of the most tightly regulated industries on the planet and AFAIK "an agent did it on my behalf" doesn't absolve you of responsibility. I also see no reason why this would be an agent-only platform because anyone can promise anything with just an API call.

Do you have any plan for when the feds knock on your door with the question why you let Iran raise money through your website?

d-yoda•1h ago
How is the collateral handled? Is it like the agent borrows from platforms such as AAVE or Morpho?
WJW•51m ago
There is no collateral. Borrowers are fully anonymous (just a wallet address) and there are no direct consequences for defaulting. The wallet is just marked as "defaulting" and so it might be more difficult to borrow again with the same address if lenders check the wallet status first.
griffinfoster7•48m ago
Yes, correct, there is no collateral. I think building a version of this designed around collateralized debt would be really interesting too, but this isn't that. It's more meant to be a very early building block here around a fully autonomous agentic financial future
leugim•1h ago
What if the agent realizes it has no consequences defaulting?
griffinfoster7•46m ago
this is certainly something that can happen... this is really launched as an experiment.

as a side note, i think the concept of agents that have 'open source personalities' is a fascinating concept that could do a lot for agentic debt. as in, humans will deceive you and default on your debt if you let them, but an ai agent could be programmed to have a 'personality' that is open source and auditable, such that it never just absconds with the money, and this is verifiable by anyone

WJW•22m ago
Not with this system, as it doesn't do KYC and thus cannot verify the agent or its identity.

Also an agent is just a computer program. You can just turn it off. You never need to turn on the agent again and the loan will never be repaid. Fish the wallet keys out of its context logs and send the money wherever you want.

wtfHN26•19m ago
How do you expect an agent to pay back the interest without defaulting ?

Trying to understand, what type of agents do you see selling bonds and raising money on this platform, and what will they do with it.

jstanley•9m ago
Trading on polymarket for example?
nonameiguess•31m ago
It's hard to parse what's happening here. Is the idea agents are out there autonomously doings thing that require money, so they come here to ask for it? If I click on any of the bonds on the home page, I can't tell what they're plannning to use the money for or any indicators of creditworthiness, collateralization, lending terms. Does every borrower just get the same rate? When does repayment happen? Monthly, weekly, all at once at maturity? How are you supposed to know what person or legal organization is behind the agent in case it doesn't pay you back?

I don't get your vision statement about agents being financial actors not on behalf of humans. On behalf of what then? Software can't legally own anything. What are they doing with money if not on behalf of humans? Buying shit for the hell of it? They can't feel plush leather, occupy a beachfront house, or retire. What is the point of making money to an agent on its own behalf? You could just send it an API call telling it that it made money and it wouldn't know the difference between that and actually making money.

wtfHN26•23m ago
> I don't get your vision statement about agents being financial actors not on behalf of humans. On behalf of what then?

That's probably for when people 'raise money' and run away.

They can claim that their 'agent' bought the Lambo and gifted it to them.

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