How Very402 works

Very402 is a private spending control plane for AI agents on Elysium. Fund a private balance once, set a budget policy, and let your agent pay x402-gated APIs.

1. Fund

Deposit USDC into your private balance. After screening, it is no longer linked to your public operating wallet.

2. Set a policy

Each agent gets a scoped policy: per-request cap, daily cap, lifetime cap, expiry, merchant allowlist, USDC only, Elysium only. An agent is a policy, not a wallet.

3. Agent pays

The agent hits a paid endpoint, receives an HTTP 402, and pays within its policy. Every settled payment produces a receipt you can check against a transaction hash.

Payment lifecycle

CREATED → AUTHORIZED → SETTLEMENT_PENDING → SETTLED → DELIVERED (or FAILED). A timed-out broadcast stays pending until reconciled by transaction hash — it is never blindly retried.

Accepting payments

A merchant console for creating paid endpoints is planned after the buyer-side app.