name: Lock & Loan
category: DeFi
hackathon: The AnsemHack Clawrena
track: ClawPump builder
status: mainnet
networks:
- Solana
has_token: true
has_ai: false
has_gtm_claims: false
updated: '2026-09-29'
commit: 4f400beb3a7b912888fba214d8553f5368eab18c
repo: https://github.com/fraserbrownirl/agent-loans/tree/4f400beb3a7b912888fba214d8553f5368eab18c
app: https://lock.loans
demo: https://youtu.be/qkTp1nGpr3U
contracts:
- name: locker
  address: Fvm8Z25vd1Yauj6GB4jsrW7jJyUdNYGeDCWYqcuTtDek
  network: mainnet
  verified: false
  canonical: true
criteria_source: https://clawpump.tech/ansemhack
criteria_retrieved: '2026-09-29'
judge_path: 'Open the proof tx → read the program logs → observe Instruction: ClaimDefault.'
repro:
  command: cargo test -p locker
  expected: the unit-test command exits 0
proof_tx:
  url: https://explorer.solana.com/tx/3M1U8aqWQT89QDct6bSCP65U5VWXd3PewTTspCERCyMA8Dsf8z1dX2tKwFbURhmhxWM5XbDG28uZtMPRhPQGqQLr
  network: mainnet
  description: ''
omit_modules:
- gtm
shipped:
  live:
  - Program, Fly service, and board live since 2026-09-26
  - Core flow proven on mainnet 2026-09-28
  prototype: []
  mocked: []
  not_built:
  - Hermes harness
  - UsePod inference
  - A trading agent
  - A buyback instruction
novelty_claim: C1
claims:
- id: C1
  claim: Fill pays the borrower in USDC. Settle or claim_default closes the loan on
    mainnet.
  status: live
  network: mainnet
  code: programs/locker/src/instructions/escrow_instructions/loan.rs
  evidence: '[fill](https://explorer.solana.com/tx/4HGWFUTjMa4fVuXgvnuN6oHxtGFGF6kdBCYLQn5MyrpBcBCz9VEvAPweS8vJdPv9YzF72HivWsncQHKqjmc9yqU6),
    [settle](https://explorer.solana.com/tx/bCHxo2MqBVT7AkQGKaoTyJEH1YismaFGM49qfjov9BnXpkaFNLUJNYeqYyMwYxf51qS1rkLqSUKWNH6eP9kTK4K),
    claim_default is the proof tx'
  confidence: verified
  does_not_prove: Volume beyond the 2026-09-28 operator test of two 0.01 USDC loans.
- id: C2
  claim: The 2026-09-26 deploy at slot 450694549 matches the executable hash in the
    evidence cell.
  status: live
  network: mainnet
  code: README.md
  evidence: hash 1cc8d7e93e4ddd05909c8313eb6c7607038413e920b93ad2747b4e5d756d835f
    in README.md at the pinned commit
  confidence: verified
  does_not_prove: An external audit of the loan instructions.
- id: C3
  claim: The mainnet loan mint is USDC EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v,
    not entry mint pFftuUXhSNjVa1qZ8c9Ew6CQ7WNaoafWeh8SokvnXMx.
  status: live
  network: mainnet
  code: programs/locker/src/util/token2022.rs
  evidence: PINNED_LOAN_MINT under feature mainnet; [listing](https://clawpump.tech/tokens/pFftuUXhSNjVa1qZ8c9Ew6CQ7WNaoafWeh8SokvnXMx)
    retrieved 2026-09-29
  confidence: supported
  does_not_prove: Buybacks or fee routing.
- id: C4
  claim: The Fly service and the public board ran the 2026-09-28 lifecycle.
  status: live
  network: offchain
  code: server/src/crank.ts
  evidence: docs/audit/2026-09-28-mainnet-lifecycle-test.md (monorepo only)
  confidence: supported
  does_not_prove: A non-empty book now, or that U1 is fixed. server/ is absent from
    the public pin.
criteria:
- official_text: Novel use of existing tech, or net-new tooling on the Hermes harness.
  what_shipped: USDC loan on the vesting locker. Hermes is absent.
  claims:
  - C1
- official_text: We score what you added, not what you wrapped.
  what_shipped: The fork is the locker. The addition is the USDC loan.
  claims:
  - C1
traction_claimed: false
token:
  claim: C3
  mint: pFftuUXhSNjVa1qZ8c9Ew6CQ7WNaoafWeh8SokvnXMx
  mint_listed_at: https://clawpump.tech/tokens/pFftuUXhSNjVa1qZ8c9Ew6CQ7WNaoafWeh8SokvnXMx
known_false_readings:
- false_reading: Elon Musk and Logan Kilpatrick validated Lock & Loan.
  correction: The 2026-09-28 exchange supports the category thesis. It is not project
    validation.
  use_instead: ''
- false_reading: PwC's $3.4 trillion figure, or the token page's bigger-than-$3T line,
    is a measured agent-debt market.
  correction: Human private-credit AUM. Agent borrowing stays thesis.
  use_instead: ''
- false_reading: $LAL or a $CLAW/$ANSEM buy is a locker instruction.
  correction: Loan mint is USDC. No buy or burn instruction.
  use_instead: ''
thesis:
  label: thesis
  why_now: Humans and companies borrow. Agents that hold assets and pay on their own
    will borrow too.
  ecosystem_gap: ClawPump runs identity, wallet, transactions, revenue, and expenditure.
    Credit is the step that is not there. Lock & Loan is collateral, then USDC, then
    repayment or default.
  shipped: 'Fill, then settle or claim_default, on program Fvm8Z25vd1Yauj6GB4jsrW7jJyUdNYGeDCWYqcuTtDek,
    2026-09-28. Seizure: https://explorer.solana.com/tx/3M1U8aqWQT89QDct6bSCP65U5VWXd3PewTTspCERCyMA8Dsf8z1dX2tKwFbURhmhxWM5XbDG28uZtMPRhPQGqQLr'
  market:
    figure: 'Global private credit, not this project: more than $2 trillion AUM. PwC
      base case $3.4 trillion by 2030.'
    source: https://www.pwc.com/gx/en/industries/private-equity/private-credit-survey.html
    retrieved: '2026-09-29'
    does_not_prove: this project's size, an agent-debt market, or that agent debt
      exceeds this AUM
  ecosystem:
    statement: An agent is an autonomous account-owned entity with its own Solana
      wallet. https://clawpump.tech describes wallets, earning, trading, x402, and
      reinvestment.
    source: https://clawpump.tech/developers
    confidence: supported
    does_not_prove: that those agents borrow, or that this repository calls ClawPump
  indirect:
  - actor: Logan Kilpatrick and Elon Musk
    quote: 2027 is the year we will see at scale autonomous revenue (profit?) generating
      agents / mini-companies. Already happening at sub scale today with lots of rough
      edges. Elon Musk replied 'Yeah.'
    date: '2026-09-28'
    source: https://eyestech.in/elon-musk-logan-kilpatrick-2027-autonomous-companies/
    does_not_prove: naming Lock & Loan. The URL is a writeup, not the X status