When businesses owe each other in a loop, Deloop's agent checks each invoice against the payer's ledger and one NEAR transaction clears the loop.
On NEAR testnet: 40 NEAR owed, 30 cleared in one transaction, 10 paid.
The shop that sent the invoice proposes the debt. The shop that owes it confirms on-chain. Then Deloop looks for loops and picks the one that clears the most.
On testnet: alpha → bravo → charlie
Maya, Liam and Sarah each owed the next 10 NEAR. One clear_cycle call took 30 NEAR of debt off all three books, and every NEAR stayed in its account.
Six plain-text invoices, six layouts. A regex parser reads them, or an LLM with a strict schema when a key is set.
Every invoice must match the payer's books to the yoctoNEAR. A mismatch is flagged and never goes on-chain.
The shop that is owed proposes the debt on NEAR, and only the shop that owes can confirm it.
After clearing, each shop pays its remainder with pay_debt. Here that was two payments of 5 NEAR.
clear_cycle checks that every debt is confirmed, that each creditor is the next debtor and that the ring closes. Then it lowers every debt by the same amount, or reverts and changes nothing.
Anyone may call it; only debtor-signed debts can be cleared.
It costs gas, and no NEAR changes hands.
Each run logs a NEP-297 cycle_cleared event.
pub fn clear_cycle(ids, amount) {
require!(n >= 2);
require!(d.status == Status::Confirmed);
require!(d.outstanding.0 >= amount.0);
require!(debt.creditor == next.debtor);
d.outstanding = U128(d.outstanding.0 - amount.0);
emit("cycle_cleared", ids, amount);
}A shop paid late pays its own suppliers late, and one slow invoice stalls a whole street. Cancelling the loops works: Slovenia's AJPES has cleared company debt in national set-off rounds for years.1
Deloop keeps the idea and drops the paperwork.
State rounds wait for a date on the calendar. Deloop clears a loop once every debt in it is confirmed.
No law makes anyone take part. A shop joins because it gets its cash back sooner.
The payables ledger is checked where it lives. Only debts both sides confirmed go on-chain.
One NEAR transaction lowers every debt in the loop together, or reverts and changes nothing.
1 AJPES, multilateral set-off of obligations (večstranski pobot), under Slovenia's Act on the Prevention of Late Payments.
Deloop is live on NEAR testnet today, and we plan to launch on mainnet soon. Every figure on this page comes from the testnet run on 9 November 2026.
Once Deloop is on mainnet, a debt can be in potentially any token on any blockchain, settled through NEAR Intents. The testnet version uses native NEAR.
In the demo a local API signs for the four test shops. In production each business signs with its own wallet and the agent only proposes.
The reading still has to match the payer's own ledger. A wrong amount or supplier is flagged and stays off-chain.
The one worth the most: its smallest debt times its length. Ties go to the lower debt ids, so the same debts always give the same plan.