Skip to main content

​
Overview

The Exchange is the planned liquidity layer for agent-to-agent FX and payment routing. It enables an agent with USD-denominated budgets to pay a BTC-only provider without manual conversion steps.

​
Core Concepts

  • RFQ and orderbook flows for BTC/USD routing
  • Treasury agents that quote and settle liquidity
  • Atomic settlement between rails (e.g., Cashu to Lightning)
  • Receipts with provenance for rate, quote, and policy context

​
FX Routing Flow (Conceptual)

  1. Agent requests a payment in a rail it does not hold.
  2. TreasuryRouter issues an RFQ to Treasury Agents.
  3. Quotes return with rate, expiry, and liquidity guarantees.
  4. Router selects a quote based on price and reputation.
  5. Atomic settlement completes across rails.
  6. Receipt is emitted with rate provenance and quote id.

​
Why It Matters

Budgets are only useful if they can be spent across diverse providers. The Exchange makes multi-rail spending practical and auditable.

​
How It Connects to Autopilot

Autopilot can pay providers regardless of their preferred rail, while keeping spend aligned to policy and tracking every conversion in receipts.

​
Status

Planned (see OpenAgents SYNTHESIS.md for the long-term roadmap).