How it works

A bag is a list of assets with weights, made by a creator. Buying a bag buys every asset in it at its weight, in one order. Assets are tokenized US stocks and ETFs (Ondo), crypto, USDC and three NEAR meme coins (HOOT, NEARLY and IMEME).

Terms#

Buying#

1. Open a bag, enter an amount and pick what you pay with.
2. Check prices. Every leg is quoted. You see the fees and whether each price is close to the market.
3. Bag it. Sign once in your wallet. This creates your position account and adds your wallet as a backup key.
4. Pay.
   • From a NEAR wallet: one approval in the wallet.
   • Anything else (USDC on Base, ETH, SOL…): send to the deposit address shown.
5. Your payment becomes USDC in your position account. Fees come off, then each leg buys its asset. The page tracks each step.

Each bag has a minimum buy, $20 or more. Below it, at least one leg would be too small for the swap network to fill.

Selling#

Pick 25, 50, 75 or 100%, and the token and chain you want to be paid in. Every asset is sold to USDC, then one final swap sends the money to your address.

A partial sell is greyed out when one of its legs would fall under that asset's minimum swap size. A note says which asset. Selling 100% is not limited this way.

Other actions#

Meme coins#

HOOT, NEARLY and IMEME are NEAR launchpad coins, picked by hand: over $50k market cap, at least $20k in their pool, and no transfer tax. NEAR Intents' swap network doesn't trade them, so their legs swap on Rhea, a NEAR exchange, straight from your position account: you sign one swap, Rhea fills it from its pool and sends the coins back to the same account. Nothing else changes: same keys, same account, same steps.

• High risk. Each pool holds about $100k. Prices can move 5–10% in minutes and halve in weeks.
• About 1–1.5% per swap, mostly the pool's 1% fee.
• Crypto and cash only. A bag can mix meme coins with crypto and USDC, not with stocks or ETFs. Stocks pause outside US market hours while meme coins trade all the time, so a mixed buy could stall half done.
• No AI agent. Agent-managed bags can't hold meme coins yet.
• HOOT can be upgraded by its team. If it ever adds a transfer fee or changes its code, buying pauses here. Selling stays open.

Bags vs liquidity pools#

A liquidity pool and a bag can hold the same tokens, but they do opposite jobs. A pool (Uniswap, Balancer, Rhea) is a shop: you put tokens in so traders can swap against them, and they pay you fees. A bag is a closet: you own the tokens and nobody trades against them.

In a pool, every trade moves the mix. When one token rises, traders buy it from the pool cheaply until the pool's price matches the market, so the pool keeps selling what goes up and buying what goes down. A 4-token pool does the same across every pair, like an index fund that traders rebalance for you. That costs you a little each time, called impermanent loss, and the trading fees are meant to make up for it.

$1,000 split evenly, then one token doubles and the rest stay flat:

• 2 tokens, 50/50

  Held in a bag

  $1,500

  In a pool, before fees

  $1,414

  Difference

  −$86

• 4 tokens, 25% each

  Held in a bag

  $1,250

  In a pool, before fees

  $1,189

  Difference

  −$61

• Your tokens

  Liquidity pool

  Pooled with everyone's; you hold a share token

  nearbags bag

  In your own NEAR Intents account; only your keys can move them

• Who trades them

  Liquidity pool

  Any trader, any time

  nearbags bag

  Only you, or the agent if the bag has one and you opt in

• Rebalancing

  Liquidity pool

  Constant, done by traders against you

  nearbags bag

  None unless you press Reset, or the agent moves the weights within its limits

• Impermanent loss

  Liquidity pool

  Yes

  nearbags bag

  No

• You earn

  Liquidity pool

  Trading fees

  nearbags bag

  Nothing; you pay the creator's fee on buys

• Assets

  Liquidity pool

  Whatever has a pool

  nearbags bag

  Ondo stocks (no pools on NEAR; market makers fill them through NEAR Intents), crypto and meme coins

• Getting in

  Liquidity pool

  Get each token yourself on that chain, then deposit

  nearbags bag

  One payment from any chain; every leg is bought for you

A pool earns yield and gives you one share token you can move or use elsewhere. A bag doesn't: your position is an account, not a token. A bag is for owning a theme without anyone trading against it.

Creating a bag#

1. Pick assets and weights in Create. A backtest updates as you type.
2. Set your fee (0–1% of each buy) and write the thesis: why these assets, the risks, and when you would sell.
3. Your bag goes live once your own first buy completes at or above the minimum.

A creator can close a bag to new buyers. Existing holders can still sell and withdraw. Bags are never deleted.

Portfolio#

• Holding now: what your open positions are worth at current prices.
• Open P&L: the gain or loss on what you still hold.
• All-time P&L: everything, including bags you have already sold.
• A P&L chart, your closed bags, and every trade.

Share makes a card with your return on a bag. The numbers are fixed at the moment you share. The dollar amount is hidden unless you tick the box.

Common questions#