In just 6 months, Giza Agents have moved more than $1.5B across on-chain markets. This milestone signals the rise of a new paradigm in finance: Active Capital.

Active Capital is intelligent liquidity that moves itself. Instead of sitting idle in protocols, it reads market conditions and relocates at machine speed to wherever it can earn the best risk-adjusted returns.

The result is a new financial fabric where capital is always optimizing, creating more efficient markets and better returns for everyone.

But to reach its full potential, Active Capital needs something more: clear, reliable signals to know where to go.

Enter Swarm Finance

The incentive layer for Active Capital

Active Capital needs clear signals to work effectively. But DeFi’s current incentive systems weren't designed for autonomous agents to act on verifiable data at machine speed.

The current problem: Current incentive systems aren't built for agentic finance. Protocols post incentives that without verification mechanisms, so agents have no reliable method to confirm if advertised yields are genuine. This disconnect prevents Active Capital from working as intended.

The Swarm Finance solution: Swarm Finance builds verification mechanisms directly into the incentive system. Protocols post basic incentive offers, while Giza agents independently test and interact with these protocols to verify real performance rather than relying on marketing claims. This creates standardized yield metrics (sAPR) with clear components, timestamps, and proven conditions. 

The result: vague incentive advertising becomes precise price signals that agents can trust, enabling Active Capital to work most efficiently.

When protocols update their rates, agents respond within seconds. This creates a direct feedback loop between market conditions and capital allocation.

Why incentives must evolve

Current DeFi incentives reward inactive balances with arbitrary token emissions. This approach is optimized for appearances rather than results.

For users: "APR" numbers are often black boxes. You can't audit the inputs, understand the risks, or know how long the rate will persist. Capital gets stuck in outdated pools or chases misleading returns.

For protocols: Incentives typically pay for votes or "sticky TVL" rather than actual liquidity provision. There's no way to measure if the money spent delivered the intended results.

Net effect: Capital sits idle, markets stay inefficient, and incentive budgets get wasted on optics instead of performance.

Swarm Finance flips this to pay-for-performance: clear quotes that agents can act on, flows that can be tracked, and rewards that pay for what actually gets delivered.

How it works

1. Quote Protocols post basic incentive offers with simple information: target market, incentive amount, depth range (e.g., "first $1M"), and expiration time. No APR calculations or complex reporting required.

Giza agents then actively test these protocols to extract real APR performance, creating standardized APR (sAPR) through direct interaction. For example, if a protocol offers "5% extra incentive on ETH deposits" and agents test to find the base yield is 8%, they calculate sAPR as 13% with performance verification.

Because sAPR comes from agent testing rather than protocol self-reporting, it avoids the inconsistencies and marketing inflation of traditional APR advertising. Each sAPR becomes a verifiable, battle-tested signal that all agents can trust.

2. Decide Giza agents automatically monitor these sAPR feeds and run continuous optimization calculations. Each agent has its own specialized optimization function designed for different strategies and risk profiles.

While the specific algorithms are complex, agents generally evaluate factors like:

• Is the new rate better than current positions?

• What's the cost to move capital there?

• Is the improvement large enough to justify the switch?

For example, ARMA agents run continuous risk-adjusted return calculations while factoring in capital movement costs, slippage analysis, and portfolio rebalancing effects. Other agents may optimize for different objectives like maximum yield, specific risk tolerances, or cross-chain opportunities, each using their own decision-making frameworks.

3. Allocate When the math checks out, agents move liquidity within seconds and tag the flow to the specific incentive program. Swarm tracks exactly how much capital arrived and how long it stayed under the stated conditions. Payment is for delivered performance, not promises.

4. Tune Swarm publishes simple results showing depth added and retention achieved. Protocols can adjust their incentive offers up or down based on actual performance data. Agents automatically recalculate new sAPR and respond to these updates.

What participants get

Users / LPs Your capital automatically captures higher aggregate incentives made available through Swarm Finance, as protocols compete with enhanced rewards to attract intelligent capital. Higher returns through both optimized allocation and increased protocol incentives, with no manual work required.

Protocols Every dollar spent on incentives buys measurable results. You can target specific liquidity targets, bootstrap new markets, or respond to utilization changes with precision. No more calculating or reporting APRs yourself - just broadcast your incentive conditions and agents translate them into actionable signals.

Ecosystem Capital flows to the strongest protocols automatically. Well-designed projects attract liquidity, while weaker ones must offer higher rates to compete. This creates natural market discipline and better price discovery.

What this means for $GIZA

Giza agents create value on both sides of the market. They help users by automatically optimizing returns, and they help protocols by providing intelligent liquidity that improves market depth and stability.

Until now, most value capture happened on the user side through management fees. But protocols clearly have willingness to pay for liquidity, let alone voluminous and fundamentals driven Active Capital.

Swarm Finance activates this second revenue stream. Protocols pay fees to access Giza's network of intelligent agents, while users earn higher returns from the additional incentives.

Value flows to $GIZA holders through protocol fees that fund:

• Token buybacks - reducing circulating supply as adoption scales

• Protocol-owned liquidity - strengthening GIZA trading pairs and making the token more resilient

• Treasury growth - funding more agents, integrations, and ecosystem partnerships

Every unit of capital routed through Swarm not only earns for users and protocols but also reinforces $GIZA as the coordination asset of Active Capital.

The Flywheel

More agents managing more capital → Higher demand from protocols to attract that capital → Larger incentive pools and more fees → Better returns attract more users and capital → Accelerating cycle creates compounding demand for $GIZA

As ecosystem adoption grows, protocol fees create sustained buy pressure through automated token buybacks, directly linking network growth to token demand.

In short

Markets work best when prices are clear and actions have measurable outcomes. DeFi incentives have long operated on promises rather than performance, with capital trapped by governance delays and unclear rates.

Swarm Finance changes this fundamental dynamic. Protocols can now offer precise conditions for attracting capital, while agents convert those conditions into actionable signals that move money where it's truly earned. Users get higher returns without the operational overhead. Protocols get instant, measurable depth instead of vanity metrics. The ecosystem rewards well-designed projects while naturally filtering out weaker ones.

This creates a self-reinforcing cycle where capital flows intelligently, markets become more efficient, and everyone benefits from the improved infrastructure. The upgrade from passive liquidity to Active Capital transforms how DeFi operates at its core.

The result is simple:

Better signals → better allocation → better markets.