Mainnet proof
NullPoint running with real USDC on NEAR mainnet, real 1Click swaps and a real short on Hyperliquid. Every step has a transaction you can open.
Right now
Read live from NEAR and Hyperliquid when this page is built (cached for a minute):
| Vault value (NAV) | 42.57 USDC, 0.9670 per share |
| Coin held in NEAR Intents | 0.00040764 BTC |
| Short on Hyperliquid | 0.0004 BTC @ $71,761 |
| Collateral on Hyperliquid | 7.82 USDC |
| Paused | no |
| Check it yourself | Vault on NearBlocks ↗ · Account on Hyperliquid ↗ |
Addresses
| What | Address |
|---|---|
| Vault contract (verified on NearBlocks) | vault.nullpoint.near |
| Owner and treasury | nullpoint.near |
| Agent | agent.nullpoint.near |
The vault's address in NEAR Intents and on Hyperliquid (derived from the contract by v1.signer, path hl-master) | 0x610da6eff2adec2aae201c2970fdafe66189b939 |
| The agent's Hyperliquid trading key ("nullpoint-agent", valid until 10 Feb 2027) | 0xd8b2be1be359685bd052cd5924541f38575ddb71 |
The first day, transaction by transaction (12 Nov 2026, UTC)
| Step | What happened | Transaction |
|---|---|---|
| 1 | Created vault.nullpoint.near (3.8 NEAR for storage) | F4Mi9p5K… |
| 2 | Created agent.nullpoint.near (1.5 NEAR for gas) | 8ZF4wSzk… |
| 3 | Deployed and initialized the vault, reproducible build of commit 8e28abf | J1ZHrMaE… |
| 4 | Registered the vault on native USDC | 7rCYYWxX… |
| 5 | First deposit, 44 USDC, swept into the vault's Intents account | G5cmNQxc… |
| 6 | Contract checked a real 1Click quote and NEAR's signers signed 14.77 USDC of collateral to Hyperliquid; 14.45 arrived | G9ManbtA… |
| 7 | NEAR's signers signed approveAgent for the trading key, at the owner's request | BWsqw7Cc… |
| 8 | Short 0.0004 BTC on Hyperliquid (order 603051969380), then bought 29.32 USDC of BTC through 1Click | 6Q4Yuh5N… |
| 9 | Pulled 5.76 USDC of collateral back for a withdrawal | 6yWgxsy7… |
| 10 | Raised the dust allowance to 1.5 USDC after finding Hyperliquid's 1 USDC fee (Lessons) | HcRCVcpS… |
| 11 | Paid withdrawal #0: 5 shares, 4.81 USDC to nullpoint.near | 8ViwcjoZ… |
After step 8 the vault held 0.00040764 nBTC against a 0.0004 BTC short: hedged, at about 2x leverage on Hyperliquid, with a share price of $0.9978 (the deposit fee and the first transfer's cost).
What this proves
- A NEAR contract can own a Hyperliquid account and a NEAR Intents account through Chain Signatures, and run real money through both.
- 1Click accepts intents signed by NEAR's MPC network for the vault's address (
/v0/submit-intent), both for swaps and for collateral to Hyperliquid. - The whole cycle works with real money: deposit, swap, collateral, short, report, withdrawal.
Why so small
The contract is a hackathon build and hasn't been audited, so the mainnet vault is capped at $100. The owner can raise the cap with set_params without redeploying.
Verify it live
Six claims about who can move the money. Each one is checked against the chain when this page loads (cached for a minute), or comes with a command you can run yourself.
Attacks that fail
What we tried in order to steal from the vault or steer it, where each attempt is stopped, and the commands to try them yourself.