Donut

Donut is the world's first agentic crypto browser built for traders: a platform where an AI agent, not a passive interface, handles the full cycle of market monitoring, trade reasoning, and on-chain execution. At its core is D0, a personal trading agent described by the team as "an AI quant inside a browser" — one that watches markets around the clock, synthesizes signals from charts, on-chain flows, whale movements, and funding rates, and then acts on your behalf without requiring you to stay online.

The company behind the product, Donut Labs, raised $22 million across two funding rounds in the first six months of its existence: a $7 million pre-seed closed in May 2025 and a $15 million seed round in November 2025. Investors include BITKRAFT, Makers Fund, Sky9 Capital, HSG, MPCi, and Altos Ventures, with ecosystem partnerships from Solana, Sui, and Injective.

Core Mechanism

D0 operates on what Donut calls the Agentic Loop: a continuous four-stage cycle of Alert, Analyze, Execute, and Control. The agent detects market signals in real time, reasons across multiple data sources, executes trades, and maintains user visibility and override capability at every step. Crucially, D0 is not a set-it-and-forget-it bot — every action, every data source consulted, and every reasoning step is streamed live so users can pause or approve before execution settles.

Under the hood, Donut uses multi-model orchestration for routing, planning, and execution, paired with real-time critic loops and on-chain-grounded prompt benchmarks. The system is designed as a reinforcement learning environment for DeFi agents, positioning it as infrastructure for AI-native trading rather than a thin layer over existing tools.

Users interact with D0 through multiple surfaces: a web dashboard, a Telegram bot, a CLI, and voice input. The conversational interface lets traders issue instructions in plain language — tell D0 on Telegram to buy a certain asset, and it reads the market, checks the price, and places the order.

Products and Features

Donut offers two subscription tiers for D0:

• D0 at $69 per month, including a seven-day free trial, for active traders who want autonomous market monitoring and execution.
• D0 Pro at $199 per month, with the same trial period, for higher-volume or more sophisticated use cases.

The product suite extends beyond a single web app. Donut ships a Chrome extension, a standalone web application, a mobile app, and a Chromium-based browser — the "agentic crypto browser" referenced in its original positioning. Each surface connects to the same underlying D0 agent.

On the trading side, D0 supports spot trading via Jupiter on Solana, Donut-native perpetuals with up to 150x leverage, HyperLiquid integration for perps, and prediction market positions through Polymarket. Cross-chain transfers span Solana and seven EVM-compatible networks, giving traders a single agent interface across the major DeFi ecosystems without manually switching wallets or bridges.

Solana Ecosystem Fit

Donut is Solana-native at its foundation. Jupiter serves as the primary spot trading engine on Solana, connecting D0 to Solana's deep DEX aggregation layer and the liquidity across its AMMs and order books. The Solana ecosystem partnership listed among Donut's backers further anchors its long-term development roadmap to the chain.

For Solana traders, Donut addresses a genuine friction point: DeFi on Solana moves fast, with memecoins, new token launches, and shifting liquidity pools creating opportunities that are difficult to act on manually. An agent that can be briefed on a strategy and trusted to execute without babysitting the terminal fills a gap that manual trading dashboards and passive bots cannot fully address.

Team and Background

The founding team draws from AI research and product backgrounds at Meta AI, TikTok AI, Tencent AI, Primodium, SonicSVM, and Sahara AI. Advisors include NYU Stern professor Xi Chen, an expert in AI and mechanism design, and Tim Fan, a former Meta AI researcher. The team's background in applied AI — rather than crypto-native infrastructure alone — shapes Donut's approach: it treats trading as an AI reasoning problem first and a DeFi execution problem second.

Status

D0 launched publicly and attracted 160,000 waitlist signups before opening access. As of mid-2026, D0 tutorials are live and the platform is actively onboarding users. The FIFA World Cup 2026 prediction market integration — offering the full knockout bracket via Polymarket on D0 — illustrates how the team is expanding the agent's coverage beyond pure price trading into event-driven markets.

Donut does not have publicly disclosed security audits in available sources. The platform's financial controls include GRPS/TPSL (global risk and position-sizing) permission settings and portfolio-level guardrails, giving users the ability to cap downside exposure on agent-executed positions. Users retain the ability to pause, approve, or override any trade at any point in the Agentic Loop.