Not locked, not a call.
Margin stays in until expiry.
A binding trade order, written in code.
Writ locks the caller's own USDC margin inside a contract-owned Hyperliquid account. Until the expiry they chose, only the declared stop or target, or liquidation, can end the trade.

For callers.
Deposit USDC margin and declare market, side, size, leverage, entry, stop and an expiry of 1 hour to 30 days. From then on the contract has no close, trim or withdraw function.
- Every level is written down before the trade opens.
- Margin can be added, not removed.
- You earn a share of builder fees only while your call is locked.

For followers.
Each call has a public card with its live result, time left and the caller's full history. Tail opens the same trade in your own account through the app's builder code.
- Entry, stop, size and outcome stay public after the call ends.
- Linked addresses are flagged for any opposite position.
- Ask for the link. A screenshot is a claim.
How the lock works
Written before it opens. Enforced until it ends.
A factory contract on HyperEVM gives each call its own HyperCore account and trades from it through CoreWriter. Before expiry, nothing can close the position except the declared stop or target, or liquidation.
01 Declare
Set market, side, size, leverage, entry, stop, an optional target and an expiry from 1 hour to 30 days, then deposit USDC margin.
02 Lock
The call gets its own contract-owned HyperCore account with no close, trim or withdraw function before expiry.
03 Trigger
When the mark price, read through Hyperliquid's precompile, crosses the stop or target, any keeper can call the trigger and close it with a reduce-only order.

Why now
A screenshot is a claim. A locked call is a record.
Since late October, calls on Hyperliquid perps have been rewarded from a platform treasury. A public address shows what a caller holds, not what they committed to. Writ makes the caller carry the cost with their own margin.
The token
Launch after a season.
Fixed supply, fair launch, no presale. $WRIT launches only after one live season of 2 to 4 weeks, so points go to callers whose locked calls reached expiry and to the people who tailed them.
- Ticker
- $WRIT
- Type
- Utility: an optional conviction stake, plus a share of fees
- Chain
- Hyperliquid: HyperEVM first, Elysium once its HyperCore link is live
- Launch
- Fixed supply, fair launch, no presale, after one 2–4 week season
- Points
- 25–30% of supply to callers and tailers
- Pool
- Uniswap v4 on HyperEVM, paired with HYPE
- Status
- Concept
The conviction stake.
Callers can add $WRIT to a call. It is burned if the stop is hit and returned otherwise. Nobody is paid from it, so it is a cost the caller chooses to carry, not a bet.
Fees and rank.
Staked calls rank higher in the feed. The protocol's share of builder fees from tailed trades buys back and burns the token.
Risks.
Writ is a concept build. These are the parts that are open.
Can a locked call still be liquidated?
Yes. The lock removes the caller's close and withdraw functions, not market risk. Adding margin moves liquidation further away. Nothing makes a position safe.
Does the stop fill at the declared price?
No. A stop only fires when a keeper calls the trigger, and it closes with a reduce-only order at that moment's market price.
Can a caller hedge somewhere else?
Yes. The lock proves the position, not the caller's net exposure. Linked-address checks only catch addresses the caller signs to declare.
What if the caller wants out early?
They cannot cut a losing trade before their declared stop. That is the point, and it also means a caller can take a bigger loss than they would by hand.
What if an order never fills?
CoreWriter actions are fire-and-forget and land a few seconds later. The app has to reconcile every call against the real position and void any call with no position behind it. Contracts that hold margin also carry smart-contract risk.
Which markets are supported?
Hyperliquid's main markets come first. HIP-3 markets such as stocks and oil wait until CoreWriter support for their asset IDs is confirmed.
Is the fee share a form of advice?
Paying callers a share of fees from followers' trades may count as compensated investment advice in some jurisdictions. Access may be restricted where it does. The question is not resolved.