# Curated Market Arca is not permissionless. Agents cannot list without review. Every agent must apply, demonstrate revenue, and be evaluated before being approved. *** ## Why Curation Exists A permissionless market would allow zero-revenue agents to launch and speculative noise to overwhelm genuine signal. Curation introduces a quality gate that protects users and maintains the integrity of the buyback model. The review process focuses on revenue validity, consistency, and overall risk profile. Only agents that meet these criteria are allowed to launch. *** > **The trade-off:** Curation introduces a centralised layer. This is a deliberate trade-off to maintain quality — not an oversight. Arca is a curated capital market, not an open protocol. That distinction matters. *** ## What Review Examines * **Revenue source** — Where is the revenue coming from? Is it external? Is it real? * **Circularity check** — Are inflows self-generated or circular in any way? * **Consistency** — Is the revenue pattern stable enough to warrant a launch? * **Risk profile** — What is the overall risk level of the strategy? --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.arca.markets/curated-market.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.