Plan fulfillment
SlotStatusClasses covered
what it isfilled-verifiedissuer-docs
how it worksfilled-verifiedissuer-docs
token categoryfilled-verifiedissuer-docs, onchain
holder claimfilled-verifiedonchain, issuer-docs, regulator
underlying compositionfilled-verifiedissuer-docs, onchain
underlying structurefilled-verifiedissuer-docs, onchain
yield sourcefilled-verifiedissuer-docs
yield mechanicsfilled-verifiedissuer-docs, onchain
collateralization ratiofilled-verifiedattestation, issuer-docs
holdingfilled-verifiedonchain, issuer-docs
issuer entityfilled-verifiedaudit, issuer-docs
issuer businessfilled-verifiedaudit, issuer-docs
launch dateemptyissuer-docs
operating historyfilled-verifiedissuer-docs, audit
backers investorsfilled-verifiedissuer-docs
service providersfilled-verifiedissuer-docs, audit, onchain, regulator
key peoplerejected-retryregulator
issuer incidentsfilled-verifiedaudit, onchain
regulatory regimefilled-verifiedissuer-docs, regulator, legal-terms
legal vehiclefilled-verifiedissuer-docs, regulator
bankruptcy remotefilled-verifiedissuer-docs
holder rights on failurefilled-verifiedissuer-docs
tax treatmentfilled-verifiednone
transfer restrictionsfilled-verifiedregulator, audit, issuer-docs
custodiansfilled-verifiedissuer-docs
attestationsfilled-verifiednone
attestation frequencyemptynone
auditsfilled-verifiedaudit
admin powersfilled-verifiedaudit, issuer-docs, regulator
upgradeabilityrejected-retrynone
unilateral changesfilled-verifiednone
feefilled-verifiedregulator, issuer-docs
redemption pathfilled-verifiedissuer-docs, audit, regulator
redemption minimumfilled-verifiednone
settlement timeemptyissuer-docs, audit
redemption capfilled-verifiedaudit
risk underlyingfilled-verifiedissuer-docs, regulator
risk creditfilled-verifiedissuer-docs, regulator
risk issuerfilled-verifiedaudit, issuer-docs
risk custodianfilled-verifiedaudit, issuer-docs
risk hackfilled-verifiedissuer-docs, audit
risk regulatoryfilled-verifiedissuer-docs, regulator
risk redemption gatefilled-verifiedaudit
risk depegfilled-verifiednone
risk concentrationfilled-verifiedregulator
eligible investorsfilled-verifiedissuer-docs
min investmentemptyregulator
onboarding requirementsfilled-verifiedlegal-terms, issuer-docs
documentfilled-verifiedlegal-terms, issuer-docs, audit
Evidence gaps
collateralization ratio — searched, not found: The corpus references real-asset backing and proof of reserves but provides no quantified AUTO backing ratio or maintenance mechanism.
issuer entity — searched, not found: The corpus names Figure Technologies as builder, Provenance Blockchain Foundation as operator, and Signum Ltd. as copyright holder; it identifies no exact AUTO issuing entity or vehicle.
launch date — searched, not found: The corpus states AUTO is live on Solana but provides no dated launch announcement.
key people — searched, not found: The corpus identifies Michael Cagney only as Figure Certificate Company CEO. It does not establish Hastra's founders, current leadership, or dated role changes.
tax treatment — searched, not found: The corpus discloses no holder tax classification, pass-through treatment, K-1 requirement, or entity-level taxation.
attestations — searched, not found: The corpus identifies reserve-reporting claims but no independent attestation provider or published attestation.
attestation frequency — searched, not found: The corpus provides no independent reserve-attestation cadence or latest attestation date.
upgradeability — searched, not found: The corpus does not establish whether AUTO contracts are upgradeable, who controls upgrades, or any execution delay.
unilateral changes — searched, not found: The corpus provides no legal terms defining unilateral authority over fees, limits, eligibility, or other holder terms.
redemption minimum — searched, not found: The corpus discloses no minimum for direct AUTO or wYLDS redemption.
settlement time — searched, not found: The corpus discloses no standard operator completion time for wYLDS-to-USDC redemption.
min investment — searched, not found: The $1,000 evidence concerns Figure Installment Certificates, not AUTO subscriptions.
Rejected facts
Source documentsCross-chain security audit: https://hastra.io/sherlock-hastra-audit.pdfDisputedMore
Sources · 2
asOfDate 2026-04-12 is unsupported — no present evidence provides any date for the Sherlock audit, and the second cited evidenceId e6387f5c is ABSENT. Date is fabricated relative to the corpus.
hastra.io ↗“Users deposit a base asset (USDC) into the Yield Vault and receive wYLDS — a liquid, transferable yield-bearing token redeemable 1:1 for the underlying asset.”
hastra.io ↗“Across two collaborative engagements in March and April 2026, Sherlock audited the Hastra protocol — Figure Technologies' institutional-grade tokenized vault system (USDC → wYLDS yield vault → PRIME staking vault) — covering both its Ethereum (Solidity) and Solana (Anchor/Rust) implementations.”
Verifier note: lost head-to-head to incumbent c3e509d5-80ce-4f55-bf8b-23b959977564: The incumbent directly supplies the key document's type (security audit), specific engagement dates (2026-03-04 through 2026-04-12), and original-source URL. Its own evidence supports the audit scope, both dated engagements, and the document's redacted status. The new claim gives no document date and describes it only as a cross-chain security audit, making it less complete and specific for the slot.
ConcentrationAUTO concentrates credit exposure in consumer auto loans. Figure also discloses loan geographic concentrations across several United States jurisdictions.UnverifiedMore
Sources · 2
help.hastra.io ↗“Credit risk. The underlying loans are near-prime and subprime consumer auto credit. The structural protections described above are designed to absorb those losses, but they do not eliminate credit risk entirely.”
sec.gov ↗“stpr:CA us-gaap:GeographicConcentrationRiskMember 2026-03-31 0002064124”
Verifier note: panel 1/2 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: confirmed — Both material claims are supported by the fetched sources. (1) 'AUTO concentrates credit exposure in consumer auto loans' is directly supported by the Hastra help page, which states the underlying loa
Depeg / liquidityAUTO uses a periodically updated Chainlink exchange rate. Stale or uninitialized prices block redemption and can separate market price from NAV.DisputedMore
Sources · 2
Both cited evidenceIds (47f205ad, 7cea8983) are ABSENT from the corpus. The claim that 'stale or uninitialized prices block redemption' has no support in present evidence; d04dbfa1 only states AUTO shares use a Chainlink-sourced exchange rate and says nothing about staleness blocking redemption or NAV separation. Unsupported.
help.hastra.io ↗“The on-chain AUTO/wYLDS
exchange rate is maintained by Chainlink Data Streams and updated periodically by rewards
administrators via verify_price .”
help.hastra.io ↗“The amount of wYLDS returned is calculated using the live Chainlink price at the time
of the call: wYLDS_returned = auto_amount * price / price_scale . The call will fail if the stored
Chainlink price is stale (past price_max_staleness ) or uninitialised.”
Verifier note: panel 0/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — The fetched issuer-docs page (help.hastra.io AUTO integration guide) does textually contain both claimed quotes verbatim — the AUTO/wYLDS rate is 'maintained by Chainlink Data Streams and updated peri | kimi-family: unsupported — The core mechanism is well supported by the issuer's integration guide (a required evidence class): the AUTO/wYLDS exchange rate is maintained by Chainlink Data Streams and updated periodically by rew | gpt-family: unsupported — evidence class mismatch
Exit riskUSDC redemption requires operator completion after users burn wYLDS. Heavy withdrawals can create delays because settlement is not autonomous.DisputedMore
Sources · 3
Supported by 022875e6/d5b00b45, but cited evidenceId 638c19b5 is ABSENT from the corpus.
hastra.io ↗“Users can redeem their wYLDS tokens back to USDC through an admin-mediated two-step process.”
help.hastra.io ↗“Burns wYLDS from the user and creates a RedemptionRequest PDA.”
help.hastra.io ↗“// Operator-only: transfers USDC from the redeem vault to the user's wallet.”
Verifier note: lost head-to-head to incumbent 2dfd7190-f05d-46df-8765-aa19e2e1b0f7: The incumbent directly addresses exit timing and simultaneous-withdrawal mechanics: AUTO redemption has no queue or unbonding period, while final USDC settlement requires operator completion after Circle CCTP bridging. Its own evidence explicitly supports each dependency. The new claim’s assertion that heavy withdrawals can create delays is plausible but not directly established by its cited evidence.
CustodianHastra uses a custodial wrapper and operator-mediated USDC redemptions. Operational failure can delay access to backing assets.UnverifiedMore
Sources · 2
hastra.io ↗“The vault-mint program serves as the base layer, operating as a custodial wrapper that accepts USDC deposits and issues wYLDS (wrapped YLDS) tokens at a 1:1 ratio.”
hastra.io ↗“Users can redeem their wYLDS tokens back to USDC through an admin-mediated two-step process.”
Verifier note: lost head-to-head to incumbent 9489282a-0f79-45aa-afd8-fe3a14b80178: The incumbent more directly identifies the relevant operational dependencies and concentration points: program-controlled USDC custody, Provenance-based off-chain yield bridging, Circle CCTP, and an operator-controlled redemption-completion step. Its own evidence supports each dependency. The new claim establishes custodial wrapping and admin-mediated redemption but is less specific about the key providers and concentration exposure.
Credit / counterpartyAUTO exposes holders to a structured consumer auto-loan pool after Figure credit enhancements. Those protections do not eliminate borrower losses.UnverifiedMore
Sources · 3
help.hastra.io ↗“You are not buying individual auto loans. You are staking wYLDS, which leads to programmatic lending into a structured pool where Figure has already applied credit enhancements and risk management. Your exposure is to the pool's performance after those protections, not to any individual borrower.”
help.hastra.io ↗“Credit risk. The underlying loans are near-prime and subprime consumer auto credit. The structural protections described above are designed to absorb those losses, but they do not eliminate credit risk entirely.”
help.hastra.io ↗“At approximately 2.4 times cashflow overcollateralization, the pool can absorb roughly 55 percent delinquency before your yield is impaired. Expected losses are approximately 10 percent.”
Verifier note: lost head-to-head to incumbent a47c96f2-6ef4-41f0-92da-7810d009a583: The incumbent more directly identifies the credit exposure and names the relevant counterparties and lending channel: near-prime auto loans originated by Agora Data through Democratized Prime. Its own evidence supports those details. The new claim better describes structural protections and residual borrower-loss risk, but is less specific about the counterparties whose failure would affect holders.
Caps / gatesAUTO has no current unbonding queue. Final USDC settlement remains operator-mediated, creating an operational gate without a disclosed numeric cap.DisputedMore
Sources · 4
Current integration evidence says AUTO converts to wYLDS atomically without queuing.
The November 2025 audit described a configured unbonding period before completion.
Present evidence indicates an unbonding-period gate exists on the vault-stake path.
help.hastra.io ↗“The vault-stake-auto program supports a single-step direct redemption. There is no unbonding
period or queuing — redeem atomically burns the specified AUTO shares and transfers the
proportional wYLDS from the stake vault to the user.”
help.hastra.io ↗“The
on-chain unbonding_period field is permanently set to 0 and the unbond instruction no longer
exists.”
hastra.io ↗“Users can redeem their wYLDS tokens back to USDC through an admin-mediated two-step process.”
hastra.io ↗“Users must first request to unbond their position, wait for the configured unbonding period to elapse, and then complete their redemption.”
Verifier note: panel 1/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — The slot requires evidence of class legal-terms or issuer-docs, but the only assigned evidence for this value (022875e6, d6bb2fe3) is the Informal Systems audit report, which is class 'audit' — outsid | kimi-family: confirmed — The AUTO-specific integration guide states the vault-stake-auto program has no unbonding period or queue, with the on-chain unbonding_period permanently set to 0 and the unbond instruction removed; re | gpt-family: unsupported — evidence class mismatch
Exit pathsHastra burns AUTO and atomically transfers proportional wYLDS using the live Chainlink price. Current contracts impose no unbonding period.DisputedMore
Sources · 4
Current integration documentation describes single-step AUTO redemption without queuing.
The November 2025 audit described a two-step redemption after a configured unbonding period.
On present evidence, AUTO/vault-stake redemption requires an unbonding wait (d6bb2fe3); the atomic-no-queue claim is unsupported.
help.hastra.io ↗“The vault-stake-auto program supports a single-step direct redemption. There is no unbonding
period or queuing — redeem atomically burns the specified AUTO shares and transfers the
proportional wYLDS from the stake vault to the user.”
help.hastra.io ↗“The amount of wYLDS returned is calculated using the live Chainlink price at the time
of the call: wYLDS_returned = auto_amount * price / price_scale . The call will fail if the stored
Chainlink price is stale (past price_max_staleness ) or uninitialised.”
help.hastra.io ↗“The
on-chain unbonding_period field is permanently set to 0 and the unbond instruction no longer
exists.”
hastra.io ↗“Users must first request to unbond their position, wait for the configured unbonding period to elapse, and then complete their redemption.”
Verifier note: lost head-to-head to incumbent 20728044-b06a-43ce-97eb-eaa5bdca60d4: The incumbent more directly answers the required redemption-path fields: method, settlement timing, minimums, caps/gates, and fees. Its evidence supports atomic burning, proportional wYLDS transfer at the live Chainlink rate, and no unbonding or queue. Although its cited evidence does not substantiate the absence of disclosed minimums, caps, or fees, the new claim omits those slot fields entirely; its additional audit evidence also describes a conflicting historical unbonding process.
Unilateral changesFCC controls certificate transferee eligibility; vault administrators control withdrawal whitelists and account freezes without disclosed holder consent.UnverifiedMore
Sources · 2
sec.gov ↗“The digital asset standard used on the
Provenance Blockchain enables FCC to enforce transfer restrictions in connection with the Certificates.”
hastra.io ↗“The protocol is designed with regulatory compliance in mind: vaults include account freeze/thaw controls, whitelisted withdrawals, and two-step redemption flows.”
Verifier note: panel 0/3 confirmed (sourceDomains=2) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | gpt-family: unsupported — evidence class mismatch
If the issuer failsOriginator default triggers a true sale of loans to the trust. An independent administrator liquidates assets and remits proceeds to lenders.DisputedMore
A reserve account absorbs realized losses before token holders. Figure seed capital provides first-loss protection. Agora owes repurchase obligations for ineligible loans. Recoveries ultimately depend on vehicle values and available credit protections.
Sources · 5
Incorporate ev:a5aa673a recourse/parent guarantee.
help.hastra.io ↗“If the originator defaults under the MRA, the loans are sold in a true sale to the trust, which has an independent trust administator and liquidiaton, whose only non-discretionary powers are to sell the assets and remit the proceeds back to the Democratized Prime lenders in a default scenario.”
help.hastra.io ↗“Reserve account. A sinking fund that builds to 2.5 percent of outstanding principal over time. It absorbs realized credit losses before any loss reaches token holders.”
help.hastra.io ↗“Figure’s $25M commitment. Figure commits seed capital to the auto loan trust as first-loss protection. Figure’s money is at risk alongside yours.”
help.hastra.io ↗“Originator buyback. Agora must repurchase any loan that breaches its representations or eligibility criteria, at full principal plus accrued interest.”
help.hastra.io ↗“Vehicle depreciation. Unlike real estate, cars lose value over time. In a default scenario, recovery depends on the vehicle's residual value. The advance rate cap (87 percent), insurance requirements, first-priority lien position, and the 60/90-day buyout mechanism are designed to limit this exposure.”
VehicleA Delaware statutory trust holds pledged auto loans under an MRA with the originator. AUTO represents direct loan-participation claims through that trust.DisputedMore
wYLDS separately wraps SEC-registered YLDS.
Sources · 3
Scope the vehicle to the AUTO trust; treat the wYLDS wrapper separately or note its jurisdiction is undisclosed.
help.hastra.io ↗“AUTO represents exposure to direct loan participation claims on cash flows from the underlying auto loan pool, structured through a bankruptcy-remote trust. There is no fund manager sitting between you and the collateral.”
help.hastra.io ↗“wYLDS is the base-layer wrapped token on Solana, acting as a custodial wrapper for YLDS, the
underlying SEC-registered stablecoin.”
help.hastra.io ↗“Bankruptcy remoteness. The auto loans sit in a Delaware statutory trust pledged under a Master Repurchase Agreement (MRA) between the originator and the bankruptcy remote-trust. This structure is designed to isolate the loan assets from the credit risk of any single party, including Figure.”
Verifier note: panel 0/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch. The required evidence classes for ts:legal/legal_vehicle are legal-terms or registry. The only fetched sources are Hastra help/support pages (help.hastra.io), which are issuer | kimi-family: unsupported — evidence class mismatch. The claim's components are textually corroborated (Delaware statutory trust pledged under an MRA between originator and bankruptcy-remote trust; AUTO as direct loan-participat | gpt-family: unsupported — The legal_vehicle value is blank. The cited issuer-help content describes a Delaware statutory trust, an MRA, loan participation interests, and custodial token wrappers, but it does not establish any
Key peopleMichael S. Cagney leads Figure Certificate Company, an entity tied to the backing layer; no direct AUTO role is disclosed.UnverifiedMore
Sources · 1
sec.gov ↗“Michael S. Cagney
Chief Executive Officer
Figure Certificate Company”
Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch
Legal entityHastra's exact AUTO issuing vehicle is undisclosed. Provenance Blockchain Foundation operates Hastra.UnverifiedMore
Figure Technologies built Hastra. Signum Ltd. holds the site copyright.
Sources · 3
hastra.io ↗“Hastra is a DeFi protocol built by Figure Technologies, a fintech company focused on blockchain-based financial products and is operated by the Provenance Blockchain Fou ndation.”
Verifier note: panel 0/4 confirmed (sourceDomains=1) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — The fetched content does textually match the sub-assertions: the audit PDF states Hastra was 'built by Figure Technologies' and is 'operated by the Provenance Blockchain Foundation,' and both hastra.i | kimi-family: unsupported — evidence class mismatch | gpt-family: unsupported — evidence class mismatch
Incidents & track recordSherlock found no Critical or High issues across its March and April 2026 reviews. Figure accepted residual reward-distribution risks affecting staker economics.DisputedMore
Sherlock also identified operator-privileged paths dependent on off-chain controls.
Sources · 4
Note that the audit scope names the PRIME staking vault and AUTO coverage is inferred from shared infra; add an explicit 'no depegs/enforcement/lawsuits disclosed' statement or mark that dimension unknown.
hastra.io ↗“No Critical or High-severity findings were identified across either engagement. All Medium-severity findings were either resolved by the team or formally acknowledged with a documented rationale for accepting the residual risk. All Low/Informational findings were resolved.”
hastra.io ↗“The staking vault's reward distribution mechanism produces a discrete, single-block change in share price on both chains — surfacing as a sandwich/MEV vector on the Ethereum side and as a virtual-shares dilution effect on the Solana side.”
hastra.io ↗“Both findings were formally acknowledged by Figure as accepted residual risk under the current operational model.”
hastra.io ↗“Several findings involved operator-privileged configuration paths that defer fail-safety to off-chain operational discipline rather than enforcing it on-chain.”
Verifier note: lost head-to-head to incumbent 539b9ff5-298d-415c-abbd-0e0a0f05019c: The incumbent more directly answers the incident slot by explicitly stating that no depeg, enforcement action, or litigation appears in the supplied evidence. It is also more specific and better supported by its own citations, providing exact finding counts and the sourced conclusion that the accepted economic risks do not threaten principal or solvency. The new claim omits the no-known-incidents statement and exact counts.
BackersNo issuer equity investors are disclosed. Capital One provides Agora Data a $100 million warehouse facility.DisputedMore
Sources · 1
Either move the Capital One fact to underlying/originator context and mark issuer backers as undisclosed, or explicitly label it as Agora's (not the issuer's) financing.
help.hastra.io ↗“Agora has an existing $100M warehouse facility with Capital One and a track record of public securitizations.”
Verifier note: panel 0/3 confirmed (sourceDomains=1, disputed) | gpt-family: contradicted — The assigned issuer-docs source supports the $100 million Capital One warehouse facility, but it actively contradicts the statement that no issuer equity investors are disclosed: it says Agora is back | anthropic-family: contradicted — The claim has two components. Component two — that Capital One provides Agora Data a $100M warehouse facility — is directly supported: the Hastra issuer-docs page states 'Agora has an existing $100M w | kimi-family: contradicted — The second item is supported: the source states Agora has an existing $100M warehouse facility with Capital One. But the first item, 'No issuer equity investors are disclosed,' is actively contradicte
Operating historyAUTO followed PRIME as Hastra's second asset and first third-party-originated product.DisputedMore
Sources · 4
Qualify that the audited system as described is the wYLDS/PRIME vault stack.
help.hastra.io ↗“AUTO is a yield token on Hastra that gives you access to structured consumer auto loan yield through the Democratized Prime decentralized lending marketplace. It is the second asset in the Hastra product suite, following PRIME (home equity).”
hastra.io ↗“The first third-party originated asset on Hastra. Auto loans flow through Figure's capital markets infrastructure and into Hastra's DeFi credit layer, expanding yield sources beyond home equity.”
hastra.io ↗“Hastra is currently deployed on Solana mainnet and Ethereum testnet, with mainnet Ethereum deployment pending audit and security review.”
hastra.io ↗“Across two collaborative engagements in March and April 2026, Sherlock audited the Hastra protocol — Figure Technologies' institutional-grade tokenized vault system (USDC → wYLDS yield vault → PRIME staking vault) — covering both its Ethereum (Solidity) and Solana (Anchor/Rust) implementations.”
Verifier note: lost head-to-head to incumbent 35096f9e-ad2c-42ed-b223-f37cbb53ee93: The incumbent more specifically documents operational and technical milestones: Solana mainnet deployment by April 2026 and two dated Sherlock audit engagements covering named Ethereum and Solana implementations. Its evidence directly supports each detail, while the new claim gives a product-sequencing milestone but no date or scale indicator.
What the issuer doesHastra distributes tokenized real-world-asset yield products through DeFi vaults. Its suite includes wYLDS, PRIME, and AUTO.DisputedMore
By 2026, Hastra expanded from Figure-originated HELOCs to third-party Agora auto loans structured through Figure Forge.
Sources · 4
Add the Figure Technologies (builder) and Provenance Blockchain Foundation (operator) relationship.
hastra.io ↗“The Hastra protocol provides institutional-grade tokenized vaults for yield generation and staking.”
hastra.io ↗“The first third-party originated asset on Hastra. Auto loans flow through Figure's capital markets infrastructure and into Hastra's DeFi credit layer, expanding yield sources beyond home equity.”
help.hastra.io ↗“With PRIME, Figure originates the underlying HELOCs directly. With AUTO, Figure's role expands, it sources and diligences a third-party originator, then structures the pool so the risk and return profile works for DeFi depositors.”
Verifier note: lost head-to-head to incumbent 97bd591b-6048-4c3a-b0bc-39e1a6d7c11d: The incumbent more directly identifies who built and operates Hastra, names its vault business and products, and explains AUTO’s place after PRIME. Its cited evidence supports each point. The new claim adds unsupported specifics—2026, Agora, and Figure Forge—and its suite citation does not establish AUTO.
Structure & qualityAgora originates, underwrites, and services near-prime auto loans. Figure pools tokenized whole loans into fungible participation interests under a Master Participation Agreement.UnverifiedMore
Disclosed evidence provides no maturity, credit-grade, concentration, or enhancement breakdown.
Sources · 4
help.hastra.io ↗“Origination: Agora Data originates near-prime auto loans through its AI-powered underwriting framework, serving car dealerships across the U.S.”
help.hastra.io ↗“Agora handles origination, underwriting, and servicing. Figure handles structuring, credit enhancement, and capital markets infrastructure. Hastra handles DeFi distribution.”
help.hastra.io ↗“This structuring layer is called Figure Forge, which includes the smart contract that creates composible Participation Interest tokens (via a Master Participation Agreement) from the underlying tokenized whole loans.”
help.hastra.io ↗“AUTO targets a higher yield than PRIME because auto loans carry higher credit risk than home equity. The structural protections are correspondingly more layered.”
Verifier note: panel 0/3 confirmed (sourceDomains=1) | gpt-family: contradicted — The source supports Agora’s origination, underwriting, and servicing roles and Figure Forge’s creation of fungible participation-interest tokens from tokenized whole loans under a Master Participation | anthropic-family: contradicted — The origination/underwriting/servicing-by-Agora and the Figure Forge pooling of tokenized whole loans into fungible Participation Interest tokens under a Master Participation Agreement are all directl | kimi-family: contradicted — The first two sentences are well supported: the source states Agora handles origination, underwriting, and servicing of near-prime auto loans, and that Figure Forge creates fungible Participation Inte
CompositionThe pool finances participation interests in near-prime consumer auto loans originated by Agora Data. New and used motor vehicles collateralize the loans.UnverifiedMore
No instrument weights or dated pool tape are disclosed.
Sources · 3
help.hastra.io ↗“The auto loans in the pool are originated by Agora Data , an established auto finance company that acquires and originates consumer auto loans in the near-prime segment.”
help.hastra.io ↗“the Figure Forge smart contract is used to transform these loans into standardized loan participation tokens. Auto loans vary widely in borrower credit, loan size, and terms - Forge pools similar loans together and issues fungible tokens that represent pro rata claims on the underlying cash flows.”
help.hastra.io ↗“Yield source
Consumer auto loan interest
HELOC lending interest”
Verifier note: lost head-to-head to incumbent 1012a81d-3371-4548-9d03-4038cb9a3cf3: The incumbent more directly states what backs the pool and is fully supported by its cited evidence. The new claim adds that new and used vehicles collateralize the loans and that no dated pool tape is disclosed, but its quoted evidence supports neither assertion. Neither claim provides instrument weights or an as-of date, so the incumbent wins.
Holder's claimA share-based AUTO-pool position providing exposure to pro rata cash flows; direct ownership of individual loans is not disclosed.DisputedMore
Sources · 3
State the on-chain redemption right explicitly and note the lender-into-pool characterization; flag that no off-chain legal fund-share/participation right is disclosed to the holder.
help.hastra.io ↗“the Figure Forge smart contract is used to transform these loans into standardized loan participation tokens. Auto loans vary widely in borrower credit, loan size, and terms - Forge pools similar loans together and issues fungible tokens that represent pro rata claims on the underlying cash flows.”
help.hastra.io ↗“This structuring layer is called Figure Forge, which includes the smart contract that creates composible Participation Interest tokens (via a Master Participation Agreement) from the underlying tokenized whole loans.”
Verifier note: panel 0/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — evidence class mismatch | anthropic-family: unsupported — evidence class mismatch | kimi-family: unsupported — evidence class mismatch | gpt-family: unsupported — evidence class mismatch
How it worksUsers purchase wYLDS with Solana USDC and stake wYLDS to mint AUTO. Yield increases AUTO's wYLDS redemption value automatically.UnverifiedMore
Users burn AUTO for wYLDS without queuing. USDC settlement requires a separate operator-mediated redemption.
Sources · 4
hastra.io ↗“Stake wYLDS on Hastra to receive AUTO, your liquid staking token for Auto lending pools.”
help.hastra.io ↗“Unlike the ETH flow, on Solana yield does
not require a manual claim — it accrues through an appreciating Chainlink-sourced exchange rate.”
help.hastra.io ↗“The vault-stake-auto program supports a single-step direct redemption. There is no unbonding
period or queuing — redeem atomically burns the specified AUTO shares and transfers the
proportional wYLDS from the stake vault to the user.”
help.hastra.io ↗“To convert wYLDS back to USDC, the vault-mint program uses an admin-mediated two-step
request_redeem / complete_redeem flow.”
Verifier note: lost head-to-head to incumbent 513de3f7-67ae-4c6c-8059-227549c9ee5b: The incumbent more completely and specifically answers the holder lifecycle: USDC-to-wYLDS acquisition, wYLDS staking to mint AUTO, automatic exchange-rate appreciation, and both exit routes—DEX sales or direct AUTO redemption—followed by operator-completed USDC conversion. Each element is supported by its own cited evidence, while the new claim omits the evidenced DEX exit route and its purchase wording is less precise than the incumbent's cited 1:1 issuance mechanics.
Who can hold/mintHastra permits compatible Solana-wallet users accepting its terms to acquire wYLDS and stake into AUTO; investor classifications and exclusions remain undisclosed.DisputedMore
Sources · 3
'Investor classifications and exclusions remain undisclosed' conflicts with 7b35e0db (whitelisted withdrawals) and f097c8a1 (Provenance-enforced transfer restrictions), which show a whitelist/transfer-control mechanism gating exits even if the eligible classes are unnamed.
help.hastra.io ↗“Get wYLDS first: You need wYLDS to participate. You can read how to acquire wYLDS here .”
help.hastra.io ↗“A Solana wallet (such as Phantom, Solflare, or Backpack)
Sufficient USDC on the Solana network to cover your purchase
A small amount of SOL for transaction fees”
help.hastra.io ↗“Agree on the Terms and Conditions and then select the wallet you want to use.”
Verifier note: panel 1/4 confirmed (sourceDomains=1, disputed) | gpt-family: unsupported — The sources confirm the operational prerequisites and flow: a user needs a supported/compatible Solana wallet, Solana USDC and SOL, must agree to Terms and Conditions, can acquire wYLDS, and can stake | anthropic-family: unsupported — The mechanical parts of the claim are well supported: the buying-wYLDS page shows any compatible Solana wallet (Phantom, Solflare, Backpack) plus USDC/SOL and agreeing to the Terms and Conditions is t | kimi-family: confirmed — The archived pages state the prerequisites for wYLDS (a compatible Solana wallet, USDC, SOL for fees) and instruct users to 'Agree on the Terms and Conditions' before connecting a wallet; the AUTO pag | gpt-family: unsupported — The sources describe the operational steps for acquiring wYLDS and staking it into AUTO, including connecting a compatible Solana wallet and accepting terms. They do not establish that every user who
UpgradeabilityUpgradeable Solana programs controlled by a program upgrade authority; no on-chain timelock or multisig disclosedUnverifiedMore
Sources · 1
hastra.io ↗“missing program update authority validation in the initialize instruction (creating a race condition where any account could front-run deployment)”
Verifier note: panel 1/3 confirmed (agreement=1) | gpt-family: unsupported — The report confirms that the audited code had an initialize-instruction flaw involving missing validation of the program update authority, but it does not establish the deployed programs' upgradeabili | anthropic-family: confirmed — The claimed quote appears verbatim in the archived audit report as a Medium-severity finding: 'missing program update authority validation in the initialize instruction (creating a race condition wher | gpt-family: unsupported — The claimed atomic value for upgradeability is blank. The source discusses missing validation of the program update authority during initialization and says the issue was later resolved, but it does n
Source documentsHastra Terms of Use (hastra.io/terms).UnverifiedMore
Sources · 1
hastra.io ↗“The Terms of Use for Hastra's DeFi application are governed by Signum Ltd.”
Verifier note: panel 1/2 confirmed (agreement=2) | openai/gpt-5.6-terra: confirmed — The cited Hastra Terms of Use page identifies itself as “Terms of Use” and states that the DeFi application and related services are “provided by Signum Ltd.” It further defines Signum Ltd. as a Briti | anthropic/claude-sonnet-5: unsupported — The underlying reference itself checks out — hastra.io/terms does host a page titled 'Terms of Use' that governs the Hastra DeFi application, so the document_terms_of_use value (Hastra Terms of Use at
Exit pathsMulti-step, operator-mediated wYLDS→USDC redemption across the vault-mint and vault-stake programs; not instant.UnverifiedMore
Sources · 1
help.hastra.io ↗“Returning to USDC is a multi-step process across both programs.”
Verifier note: panel 1/2 confirmed (agreement=1) | openai/gpt-5.6-terra: contradicted — The source confirms that an AUTO→USDC exit is multi-step across both programs: AUTO is redeemed to wYLDS in vault-stake-auto, then wYLDS is converted to USDC through vault-mint’s operator-mediated req | anthropic/claude-sonnet-5: confirmed — The source explicitly states 'Returning to USDC is a multi-step process across both programs' and details Phase 1 (redeem AUTO for wYLDS, single-step/atomic) and Phase 2 (wYLDS→USDC via vault-mint's a
Admin powersThe Hastra vault-stake Solana program designates up to five Freeze Administrators who can freeze or thaw specific token accounts for compliance purposes. This freeze/thaw authority sits alongside two-step redemption and whitelisted-withdrawal controls described in Hastra's Sherlock audit.UnverifiedMore
We could not verify further protocol-level admin powers, such as pause or mint authority, from sourced documentation.
Sources · 2
github.com ↗“Designated administrators can freeze/thaw specific token accounts...Maximum 5 freeze administrators.”
hastra.io ↗“regulatory-compliance controls (account freeze/thaw, whitelisted withdrawals, two-step redemption)”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: contradicted — The audit supports that Hastra has account freeze/thaw, whitelisted-withdrawal, and two-step-redemption controls. However, it does not support the specific Solana vault-stake claim that there are up t | anthropic/claude-sonnet-5: unsupported — Only one of the two cited sources (the Sherlock audit PDF) was actually re-fetched and its content matches the claimed quote almost verbatim: 'regulatory-compliance controls (account freeze/thaw, whit
Transfer restrictionsFreely transferable SPL token; program retains freeze/thaw authority via up to 5 administrators for compliance (account freeze/thaw, whitelisted withdrawals, two-step redemption); Terms bar U.S. persons and OFAC/OFSI-sanctioned persons/jurisdictions.UnverifiedMore
Sources · 2
github.com ↗“Designated administrators can freeze/thaw specific token accounts...Maximum 5 freeze administrators.”
Verifier note: panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched AUTO help page supports that AUTO is transferable (“Yes, AUTO is fully transferable as an SPL token on So[...lana]”). However, the supplied live content does not substantiate the asserted | anthropic/claude-sonnet-5: unsupported — The live fetch of help.hastra.io/auto/what-is-auto confirms the transferability quote verbatim: 'Yes, AUTO is fully transferable as an SPL token on Solana.' However, the second cited source (github.co | openai/gpt-5.6-terra: contradicted — The Hastra help page states that AUTO is “fully transferable as an SPL token on Solana,” supporting the general characterization. However, the cited vault/staking repository states that designated adm
Bankruptcy remotefalseUnverifiedMore
Sources · 2
help.hastra.io ↗“This structure is designed to isolate the loan assets from the credit risk of any single party, including Figure.”
sec.gov ↗“The Certificates are unsecured and backed solely by the assets of FCC.”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: contradicted — The Hastra AUTO source expressly states that the auto loans sit in a “bankruptcy remote-trust” and labels this protection “Bankruptcy remoteness.” It further says the structure is designed to isolate | anthropic/claude-sonnet-5: contradicted — The Hastra source explicitly and repeatedly states that the auto loan structure IS bankruptcy remote: it describes 'Bankruptcy remoteness' as one of the named structural protections, states the loans
RegimeAUTO/wYLDS protocol layer is unregistered, BVI-governed (Signum Ltd.), restricted to non-U.S. persons; underlying YLDS is an SEC-registered face-amount certificate (Figure Certificate Company) under the Investment Company Act of 1940.UnverifiedMore
Sources · 2
sec.gov ↗“face-amount certificate company registered with the U.S. Securities and Exchange Commission ('SEC') under the Investment Company Act of 1940”
hastra.io ↗“must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched Hastra terms support that the protocol is provided by Signum Ltd., a British Virgin Islands company, and restrict use by U.S. residents, citizens, and persons located in the United States | anthropic/claude-sonnet-5: unsupported — The two fetched sources confirm several individual sub-claims: hastra.io/terms confirms Signum Ltd. is BVI-organized and that users must not be U.S. persons; the SEC S-1/A confirms Figure Certificate
Source documentsHastra Terms of Use, governing the AUTO/wYLDS protocol operated by Signum Ltd.UnverifiedMore
Sources · 1
hastra.io ↗“The Terms of Use for Hastra's DeFi application are governed by Signum Ltd., a company organized under the laws of the British Virgin Islands ('Hastra')...”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched page is titled “Terms of Use” and states that its terms govern the Hastra DeFi application and Protocol, which are provided by Signum Ltd. (defined as “Hastra”). It also expressly discusse | anthropic/claude-sonnet-5: unsupported — The fetched Terms of Use page does confirm that Signum Ltd. (a BVI company, wholly owned subsidiary of Provenance Cayman Foundation) provides the Terms governing the DeFi application/Protocol at hastr
RegulatoryThe Hastra/AUTO/wYLDS wrapper is not SEC-registered and restricts access to non-US persons in non-sanctioned jurisdictions; only the upstream YLDS asset is SEC-registered. Regulatory action against Figure, FCC, or BVI operator Signum Ltd.UnverifiedMore
could disrupt AUTO's operation, transferability, or redemption rights.
Sources · 2
hastra.io ↗“You must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”
sec.gov ↗“face-amount certificate company registered with the U.S. Securities and Exchange Commission ('SEC') under the Investment Company Act of 1940”
Verifier note: panel 1/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The sources support that Hastra is operated by Signum Ltd., a BVI company; that its terms prohibit U.S. persons and persons in comprehensively sanctioned (as well as certain unlawful/registration-trig | anthropic/claude-sonnet-5: confirmed — The Hastra Terms of Use page directly confirms: (1) the protocol restricts access to non-US persons and lists numerous sanctioned jurisdictions (matching the claimed quote verbatim), (2) the operating | openai/gpt-5.6-terra: unsupported — Hastra’s Terms support the core eligibility restriction for its Site/Protocol: users must not be U.S. residents, citizens, or persons located in the United States or territories, and must not be in co
Exit pathswYLDS-to-USDC redemption is a two-step, operator-mediated process across Hastra's vault-mint and vault-stake programs, not instant.UnverifiedMore
Sources · 1
help.hastra.io ↗“Returning to USDC is a multi-step process across both programs.”
Verifier note: panel 0/2 confirmed (agreement=1) | openai/gpt-5.6-terra: contradicted — The source confirms that conversion of wYLDS to USDC is operator-mediated and follows a two-call `request_redeem` / `complete_redeem` flow, with batching minimums and possible banking-hours delays. Ho | anthropic/claude-sonnet-5: unsupported — The source confirms that converting wYLDS to USDC (Phase 2) is indeed a two-step, operator/admin-mediated process (request_redeem/complete_redeem) and not instant — this matches the claim's core asser
AuditsInformal Systems conducted a security audit of Hastra's vault-mint and vault-stake Solana programs between September and November 2025, ahead of the wYLDS/PRIME launch.UnverifiedMore
Sources · 1
hastra.io ↗“In September 2025, Figure engaged Informal Systems to conduct a comprehensive security audit of the Hastra vault-mint and vault-stake Solana programs.”
Verifier note: panel 1/2 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The report directly supports that Figure engaged Informal Systems for a security audit of Hastra’s vault-mint and vault-stake Solana programs, conducted in two phases from September 24 to November 18, | anthropic/claude-sonnet-5: confirmed — The cited PDF explicitly states that Figure engaged Informal Systems in September 2025 to conduct a comprehensive security audit of the Hastra vault-mint and vault-stake Solana programs, and details t
AttestationsHastra publishes a self-reported, real-time Proof-of-Reserves JSON feed (hastra.io/hastra-pulse/public/api/v1/por, linked from hastra.io/auto) showing per-token vault balances, but the feed contains no attestor, auditor, or signature field, so no independent attestation is evidenced.UnverifiedMore
Sources · 1
hastra.io ↗“keys include "wylds_card", "prime_card", "auto_card", "hastra_account_card", "vaulted_wylds", "current_price", "ratio" — with no attestation/auditor key present.”
Verifier note: panel 1/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched endpoint is a JSON feed at the cited `/por` path and does contain timestamped token/card data, including `vaulted_wylds`, `vault_balance_by_chain`, supply, price, and ratio fields. Its dis | anthropic/claude-sonnet-5: confirmed — The re-fetched JSON from the cited endpoint contains all the listed keys: "wylds_card", "prime_card", "auto_card", "hastra_account_card" as top-level objects, and "vaulted_wylds", "current_price", "ra
CustodiansUMB Bank, N.A. (FDIC member) is custodian of Figure Certificate Company's assets backing YLDS under a custody agreement.UnverifiedMore
Hastra's Solana program-controlled PDA vaults hold YLDS as on-chain collateral for wYLDS, and Hastra states it does not custody user wallet funds. Auto-loan collateral itself is held in a Delaware statutory trust.
Sources · 3
sec.gov ↗“UMB Bank n.a. member FDIC, is custodian of FCC's assets pursuant to a custody agreement.”
hastra.io ↗“Hastra holds YLDS as collateral for wYLDS, but does not issue YLDS.”
help.hastra.io ↗“The auto loans sit in a Delaware statutory trust pledged under a Master Repurchase Agreement (MRA)”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The SEC prospectus expressly states that “UMB Bank n.a. member FDIC, is custodian of FCC’s assets pursuant to a custody agreement.” Hastra’s terms expressly state both that it “holds YLDS as collatera | anthropic/claude-sonnet-5: unsupported — Most sub-claims are confirmed verbatim: UMB Bank N.A. (FDIC member) is confirmed as FCC's custodian per the SEC prospectus; Hastra's terms page confirms it holds YLDS as collateral for wYLDS and expli
Service providersAgora Data (auto-loan originator/servicer, backed by Bertram Capital), Figure/Figure Forge (structuring, credit enhancement, Democratized Prime marketplace), Chainlink (NAV oracle/Data Streams), Circle CCTP (USDC bridging), UMB Bank N.A. (custodian of FCC assets), Figure Equity Solutions Inc.UnverifiedMore
(FCC transfer agent/administrator), Figure Investment Advisors LLC (FCC investment adviser), Figure Payments Corporation (FCC AML/KYC), Provenance Blockchain Foundation (FCC gas-fee provider), Sentora (AUTO vault curation on Kamino), RockawayX (market making), Kamino Finance, Raydium (DeFi/liquidity venues), Sherlock, Informal Systems (smart-contract auditors), KPMG LLP (parent FTS auditor).
Sources · 4
help.hastra.io ↗“The auto loans in the pool are originated by Agora Data, an established auto finance company”
help.hastra.io ↗“The auto loans in the pool are originated by Agora Data...Backed by Bertram Capital.”
sec.gov ↗“UMB Bank n.a. member FDIC, is custodian of FCC's assets pursuant to a custody agreement. Figure Equity Solutions, Inc. is FCC's transfer agent pursuant to a transfer agency agreement. Figure Equity Solutions, Inc. is the administrator pursuant to an agreement with FCC. Figure Investment Advisors, LLC serves as investment adviser to FCC pursuant to an advisory agreement.”
x.com ↗“Vault curation by @SentoraHQ; market making via @RockawayX.”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports Agora Data’s role as AUTO-loan originator, underwriter, and servicer, and supports Figure/Figure Forge’s structuring, credit-enhancement, and Democratized Prime market | anthropic/claude-sonnet-5: unsupported — Only two of the four cited sources were actually re-fetched (help.hastra.io/auto/what-is-auto and the SEC 497 filing); the x.com/HastraFi source was not fetched/verified. Of the claims that can be che
Yield mechanicsNAV/exchange-rate accrual, not rebase: Chainlink-priced AUTO/wYLDS rate appreciates as rewards administrators push yield into the vault; no manual claim needed, unlike monthly-claimed base wYLDS.UnverifiedMore
Sources · 2
help.hastra.io ↗“As yield flows into the stake vault, the Chainlink price appreciates — 1 AUTO becomes redeemable for more wYLDS over time.”
help.hastra.io ↗“Yield continues to accrue to whichever wallet holds the tokens.”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The AUTO integration guide supports the core mechanics: AUTO is a share-based position; yield accrues via an appreciating Chainlink-sourced AUTO/wYLDS exchange rate; rewards are periodically added to | anthropic/claude-sonnet-5: unsupported — The first quote is verified verbatim in the AUTO Solana integration guide, which does describe an appreciating Chainlink-sourced exchange rate and explicitly states 'on Solana yield does not require a
Source documentsHastra Pulse proof-of-reserves live API endpoint.UnverifiedMore
Sources · 1
Verifier note: panel 1/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The cited URL is a live JSON API endpoint and its path ends in `/por`, but the fetched content never expands “por” as “proof-of-reserves” or explicitly identifies the endpoint as a Hastra Pulse proof- | anthropic/claude-sonnet-5: unsupported — The document asserts this URL is the 'Hastra Pulse proof-of-reserves live API endpoint' and cites the quote 'por.' However, the live JSON returned by the endpoint never contains the literal string 'po | google/gemini-3.6-flash: confirmed — The live API endpoint at https://hastra.io/hastra-pulse/public/api/v1/por returns JSON data detailing supply, vault balances, reserve ratios, and holder stats across various cards/tokens, confirming i
Source documentsFigure Certificate Co Form S-1/A registration statement amendment for FY2025.UnverifiedMore
Sources · 1
sec.gov ↗“Figure Certificate Co - Form S-1/A - FY2025”
Verifier note: panel 1/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The cited SEC filing confirms that it is Figure Certificate Company’s Form S-1 registration statement, Amendment No. 6 (i.e., an S-1/A), filed February 18, 2025. However, the fetched content does not | anthropic/claude-sonnet-5: confirmed — The fetched document is an SEC Form S-1/A (Amendment No. 6) filed by Figure Certificate Company on February 18, 2025, matching the claimed document type, issuer, and FY2025 filing date. The registrant | google/gemini-3.6-flash: unsupported — The cited text does not contain the quoted string 'Figure Certificate Co - Form S-1/A - FY2025'. The registrant is listed as 'FIGURE CERTIFICATE COMPANY', the document is Amendment No. 6 to Form S-1 f
Source documentsFigure Certificate Co Form S-1 registration statement (YLDS), file 333-275154, initial filing 2023-10-24, amendment no. 6 on 2025-02-18, via SEC EDGAR CIK 1974395.UnverifiedMore
Sources · 1
Verifier note: panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: contradicted — The fetched SEC EDGAR page does not identify CIK 0001974395 as “Figure Certificate Co” and states “There is no filings data for this organization” and “Please use the Company or Person Lookup to find | anthropic/claude-sonnet-5: contradicted — The claim asserts that CIK 1974395 corresponds to 'Figure Certificate Co' and that this entity has an S-1 filing (333-275154) with an amendment no. 6 dated 2025-02-18. The cited quote 'Figure Certific | google/gemini-3.6-flash: unsupported — The re-fetched EDGAR page for CIK 0001974395 returned an empty company landing page without entity details and does not contain the quoted text 'Figure Certificate Co'.
Source documentsFigure Technology Solutions SEC filing dated 2026-04-24, disclosing the Signum Ltd. (dba Hastra) software license agreement.UnverifiedMore
Sources · 1
sec.gov ↗“Disclosures regarding a Software License Agreement entered into with Signum Ltd. (dba Hastra), granting Hastra a license to use proprietary software to support their protocol.”
Verifier note: panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The cited SEC document is a Figure Technology Solutions, Inc. definitive proxy statement (Schedule 14A) dated April 24, 2026. However, the fetched content contains no disclosure of a Software License | anthropic/claude-sonnet-5: contradicted — The cited SEC filing at that URL/accession number is a DEF 14A (Definitive Proxy Statement) for Figure Technology Solutions' 2026 Annual Meeting of Stockholders, dated April 24, 2026. It covers direct | google/gemini-3.6-flash: unsupported — The provided SEC filing text (DEF 14A Proxy Statement dated April 24, 2026) does not contain the quoted statement nor any references to Signum Ltd., Hastra, or a Software License Agreement.
Source documentsFigure Technology Solutions SEC Form 10-K, fiscal year ended 2025-12-31; relevant to Figure counterparty diligence.UnverifiedMore
Sources · 1
Verifier note: panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched SEC content supports that the filing is tagged for FY 2025 and contains a 2025-12-31 reporting period, but the excerpt does not state “ANNUAL REPORT,” identify the issuer by its full legal | anthropic/claude-sonnet-5: unsupported — The re-fetched content from the cited SEC.gov URL consists entirely of XBRL/inline-XBRL data tags, entity identifiers, and context references (e.g., dei:DocumentFiscalYearFocus, us-gaap:CommonClassAMe | google/gemini-3.6-flash: unsupported — The cited source text provided in the prompt does not contain the quoted phrase 'ANNUAL REPORT'.
Source documentsHastra Terms of Use (Signum Ltd., BVI), governing the DeFi application; current as of 2026-07-30.UnverifiedMore
Sources · 1
hastra.io ↗“These Terms of Use govern access to and use of the decentralized finance (DeFi) application and related services provided by Signum Ltd., a company organized under the laws of the British Virgin Islands ('Hastra').”
Verifier note: panel 1/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched page confirms that it is titled “Terms of Use,” governs access to and use of Hastra’s DeFi application and related services, and identifies Signum Ltd. as organized under British Virgin Is | anthropic/claude-sonnet-5: confirmed — The live fetch of https://hastra.io/terms shows the Terms of Use are indeed provided by Signum Ltd., described as 'a company organized under the laws of the British Virgin Islands ("Hastra")', and the
Source documentsTechnical integration guide detailing the AUTO redemption lifecycle, unbonding settings, and batching minimum; undated, reviewed 2026-08-02.UnverifiedMore
Sources · 1
Verifier note: panel 1/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched page is an AUTO Solana programmatic integration guide and expressly details “The Redemption Lifecycle,” including that the AUTO-to-wYLDS redemption has no unbonding period/queue (with unbo | anthropic/claude-sonnet-5: confirmed — The cited page is titled '[AUTO] Hastra SOL Programmatic Integration Guide' and is a technical integration guide. It contains a section explicitly headed 'The Redemption Lifecycle: AUTO → wYLDS → USDC
Fee schedule0UnverifiedMore
Sources · 2
Verifier note: re-adjudicated 2026-08-03T12:40:46.226Z from rejected status | panel 0/3 confirmed (agreement=3) | gpt-family: unsupported — The sources establish a 1:1 USDC-to-wYLDS conversion ratio, but that does not establish a zero mint/redeem fee. The buying guide explicitly tells users to review “Any applicable fees” and separately i | anthropic-family: unsupported — The claim fee_mint_redeem = 0 is inferred from silence, not stated. The AUTO integration guide never specifies a mint/redeem fee (the claimant's own quote admits 'No fees or caps are explicitly specif | kimi-family: unsupported — Neither source explicitly states that mint/redeem fees are zero. The claimed quote from the integration guide concedes 'No fees or caps are explicitly specified in the document,' which is an admission
AuditsFigure performs AI-enabled quality-control review of Agora's auto loans for underwriting-guideline compliance; this is a loan-level QC process, not a financial-statement audit.UnverifiedMore
Sources · 1
help.hastra.io ↗“Loans tokenized on Figure Connect using DART registry; Figure Forge smart contract creates standardized fungible participation tokens”
Verifier note: panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: contradicted — The fetched page attributes AI-powered underwriting to Agora Data and states that “Agora handles origination, underwriting, and servicing.” It describes Figure’s role as sourcing and diligencing the t | anthropic/claude-sonnet-5: unsupported — The fetched page describes Agora as the originator using its own 'AI-powered underwriting framework,' and states Figure's role is limited to structuring, credit enhancement, and capital markets infras | google/gemini-3.6-flash: unsupported — The provided text mentions that Agora originates auto loans through an AI-powered underwriting framework and that Figure sources and diligences the originator. However, it does not state that Figure p
AuditsFigure Technology Solutions' consolidated 2025 financial statements were independently audited; this is a corporate audit and not an audit of AUTO, its trust, collateral, or contracts.UnverifiedMore
Sources · 1
sec.gov ↗“We have audited the accompanying consolidated balance sheets”
Verifier note: panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The re-fetched SEC content is an XBRL/metadata extract showing a FY 2025 filing, but it does not include the quoted auditor-report language or otherwise identify an independent auditor, the audited co | anthropic/claude-sonnet-5: unsupported — The re-fetched content from the cited SEC filing URL consists entirely of raw XBRL context/tag metadata (entity identifiers, date contexts, unit definitions, etc.) and does not contain the claimed quo | google/gemini-3.6-flash: unsupported — The provided source snippet consists of XBRL data tags and financial line-item identifiers from Figure Technology Solutions' Form 10-K filing. It does not contain the auditor's report text, the quote
AuditsSherlock conducted a collaborative audit of Hastra's Ethereum contracts (YieldVault.sol, StakingVault.sol, Chainlink FeedVerifier.sol, HastraNavEngine.sol) from 2026-04-09 to 2026-04-12: 0 Critical, 0 High, 4 Medium findings (2 resolved, 2 acknowledged), 11 Low/Info resolved.UnverifiedMore
Sources · 1
hastra.io ↗“Overall outcome: No Critical or High-severity findings were identified across either engagement. All Medium-severity findings were either resolved by the team or formally accepted.”
Verifier note: panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: contradicted — The PDF supports that Sherlock performed a collaborative engagement dated April 9–12, 2026 and lists the four named Ethereum files in its stated scope. However, the claimed finding totals improperly a | anthropic/claude-sonnet-5: contradicted — The claim asserts that the April 9–12, 2026 engagement alone (covering only the four named Ethereum contracts) produced 4 Medium findings (2 resolved, 2 acknowledged) and 11 Low/Info resolved. The sou | google/gemini-3.6-flash: contradicted — The claim misattributes the combined findings of two separate engagements across two blockchains to a single audit timeframe and scope. The 4 Medium (2 resolved, 2 acknowledged) and 11 Low/Info findin
Tax treatmentNot disclosed for AUTO/wYLDS specifically — Hastra places all tax responsibility on the user; the underlying YLDS certificates are treated as debt instruments for U.S. federal income tax purposes, with yield taxed as ordinary interest income.UnverifiedMore
Sources · 2
hastra.io ↗“Acquiring, staking, earning wYLDS on, and disposing of digital assets may have tax consequences in your jurisdiction. You are solely responsible for determining and satisfying your tax obligations. We do not provide tax advice.”
eco.com ↗“Yield on a face-amount certificate is generally taxed as interest income for US holders.”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — Hastra’s live Terms support that tax consequences may arise from acquiring, staking, earning, or disposing of digital assets; that the user is solely responsible for their tax obligations; and that Ha | anthropic/claude-sonnet-5: unsupported — The re-fetched hastra.io/terms content fully confirms the first quote verbatim (Tax Risk section: 'Acquiring, staking, earning wYLDS on, and disposing of digital assets may have tax consequences in yo
HoldingsThe wYLDS staked to mint AUTO is backed 1:1 by YLDS, Figure Certificate Company's SEC-registered face-amount certificate, whose reserves are short-duration U.S. Treasuries and Treasury repos comparable to prime money-market fund holdings.UnverifiedMore
Sources · 2
help.hastra.io ↗“Each wYLDS maintains a '1:1' backing with YLDS held in Hastra's reserve”
ylds.com ↗“Reserve composition available on demand.”
Verifier note: panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: contradicted — The Hastra page supports that wYLDS is backed 1:1 by YLDS in Hastra’s reserve. However, it identifies YLDS as an SEC-registered yield-bearing stablecoin “minted by Figure Loans, LLC,” not as a face-am | anthropic/claude-sonnet-5: unsupported — The Hastra help-page does confirm the core 1:1 backing claim verbatim ('Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve'), but the rest of the atomic claim is not substantiated by the fetc
Yield sourceYield originates from the interest paid by near-prime/subprime auto-loan borrowers, whose loans generate approximately 20% net coupon; Figure Markets separately charges borrowers a 50 basis-point annual service fee on the loan amount. The Democratized Prime marketplace sets the pool lending rate via an hourly utilization-based auction, and AUTO holders receive approximately 9% of that flow after Hastra deducts a 50 basis-point platform fee, with the residual spread absorbed by the reserve account, Figure's first-loss commitment, and the loan-level advance-rate haircut.UnverifiedMore
Sources · 2
help.hastra.io ↗“This is real yield from real borrowers making real car payments, not token emissions or liquidity mining rewards.”
cdn.figure.com ↗“The Borrower agrees to pay a service fee to Figure Markets equal to 50 basis points (0.5%) of the Loan amount per annum, which is automatically deducted by the Platform”
Verifier note: panel 0/3 confirmed (agreement=4) | openai/gpt-5.6-terra: contradicted — The Hastra page supports the core yield narrative: AUTO exposes holders to consumer-auto-loan interest; the loans involve near-prime/subprime credit; the underlying loans are said to generate approxim | anthropic/claude-sonnet-5: unsupported — Most elements of the claim are directly supported by the fetched pages: the ~20% net coupon on auto loans, the ~9% target yield to AUTO holders, the 50bp Hastra platform fee, the 50bp Figure Markets b | google/gemini-3.6-flash: unsupported — The claim states that the Democratized Prime marketplace sets the pool lending rate via an 'hourly utilization-based auction', whereas the fetched Hastra documentation states that the rate is set cont
Run operations
0 source channels auto-trusted this run (revocable in Autoresearch)
discover · claude · ok · 0s · 20 links
discover · codex · ok · 0s · 49 links
ingest · ingest · weak
plan · plan · ok
synthesize · synthesize · ok
Coverage
31 of 41 fields verified · 0 unverified · 12 not found
Run 2026-08-04T00:05:26.300Z · done · cost $0.00
Automated research, human-reviewed. Verify against source documents before credit decisions.
