- How much capital
- SPEND LIMITAn allowance per period, shared by everything the key can do.
- AVA MANDATEAsset, amount and chain, scoped to one agent instance. Two agents under the same person cannot spend each other's budget.capital
- What it may do with it
- SPEND LIMITAny call the key is permitted to make.
- AVA MANDATEAn explicit list of kinds. A swap submitted under a lend mandate is refused, even when the swap itself is a perfectly safe transaction.constraints.allowedKinds
- How much may be lost
- SPEND LIMITNot represented. A limit cannot tell a good fill from a bad one.
- AVA MANDATEA drawdown ceiling and a notional ceiling, enforced against whichever binds tighter, the explicit cap or the capital actually funded.constraints.maxDrawdownPct
- At what execution quality
- SPEND LIMITNot represented.
- AVA MANDATEA slippage ceiling in basis points and an optional venue preference, carried into the plan before a quote is accepted.constraints.maxSlippageBps
- When it should act
- SPEND LIMITWhenever it is asked.
- AVA MANDATENamed conditions (asset, venue, bounds) on the mandate. Unattended evaluation of those conditions is the wedge being shipped. Nothing currently ticks a standing envelope on a schedule.conditions
- Who can widen it
- SPEND LIMITWhoever holds the key.
- AVA MANDATENobody at runtime. Not the model, not the user message, not a tool call. The terms are fixed at creation and hashed, and that hash is carried into the artifact the signer commits to.mandateHash
- What the signer commits to
- SPEND LIMITNothing. The key signs whatever it is handed.
- AVA MANDATEThe mandate hash is inside the preImage of the preview digest, so a signature cannot cover terms other than the ones authorised.gate.preImage.mandateHash