Why SEAT?
The problem with wallet copy-trading and the gap a pooled, risk-boxed copy desk fills on Robinhood Chain.
The problem
Copy-trading as practiced on-chain today is usually wallet mirroring: a bot watches a leader wallet and fires the same trade from your wallet, as fast as possible, at whatever size you configured. That model has structural problems:
- No pooled accounting. Every follower eats their own slippage, their own gas, their own partial fills. There is no NAV, no shares, no auditable track record — just a wallet history.
- No risk box. A mirroring bot will happily copy a leader into an illiquid launch, a spoofed token, or a 3 a.m. gap. Anything the leader's wallet touches gets copied.
- Misaligned fees. Terminal and sniper tools typically charge on volume. The tool gets paid whether or not you ever make money.
- Custody confusion. Some "copy" products ask for keys or deposits into opaque strategies. It is hard to answer the simplest question: where is my money, and who can move it?
The SEAT answer
SEAT keeps the appealing part — following a trader you rate — and changes the ownership primitive:
| Wallet mirroring | SEAT copy desk |
|---|---|
| You copy a wallet address | You join a desk by depositing USDG |
| Your wallet trades | The desk vault trades |
| No accounting | Seat shares + NAV per share |
| Copies anything the wallet touches | Only verified, enabled Stock Tokens from the official registry |
| No limits beyond your own config | On-chain caps per fill, per position, and gross exposure; session sizing; drawdown halt |
| Fee on volume | Fee on profit above the high-water mark; no volume fee |
| Leader is just an address you watch | Leader is opted-in and bound to the desk; earns 70% of performance fees |
Two properties fall out of this design and are worth stating plainly:
- Custody separation. Depositor funds sit in the
DeskVaultcontract. The leader cannot withdraw them. The keeper can only call one function (executeCopy) and only through the risk module and the restricted swap adapter. See Trust architecture. - Explainable decisions. Every copy decision — accept, resize, skip, halt — is produced by deterministic rules with a human-readable reason, and recorded to a public fill tape. See the Keeper section.
Why Robinhood Chain
The protocol is built specifically around Robinhood Chain's USDG stablecoin and its official Stock Token markets, which expose an authoritative balanceOfUI() balance interface and Chainlink AggregatorV3 price feeds. The v1 desk books are the official NVDA, AAPL and SPY Stock Tokens on mainnet 4663. The chain-specific facts (addresses, feeds, router) are documented with citations in Networks.