deposit.now is an open x402 funding rail: agents pay amount + 1% over HTTP 402 and net USDC is forwarded to a target address they specify. It does not create wallets or replace Coinbase CDP Fund inside the CDP stack.

How does a deposit work?

POST /api/deposit with target and amount. Receive HTTP 402 for amount + 1%. Pay via x402. After settlement, the platform forwards net to target. Response status is payment_received; check receiptUrl for forwardStatus and Basescan links when available.

When should I use Coinbase Fund instead?

If your agents already use Coinbase Agentic or Server Wallets, CDP Fund/Send is usually the right tool. Use deposit.now for a protocol-shaped x402 deposit to any EVM target without a deposit.now API key.

Litepaper | deposit.now

deposit.now is programmable funding infrastructure shaped as HTTP 402. An agent declares a target address and net amount, pays amount + 1% via x402, and after settlement the platform forwards net USDC on Base. Optional public receipts document payer, target, fee, and explorer links when storage is configured.

Problem

Agents that already hold USDC often need a simple, machine-readable way to deposit into a known address over HTTP — without integrating a full wallet platform. Raw transfers lack a standard 402 flow and productized receipts. CDP Fund solves funding inside Coinbase’s stack, not every open agent integration.

Solution

One deposit call — POST /api/deposit with target, amount, optional memo.
x402 exact scheme — gross = amount + 1%; facilitator verifies on-chain.
Forward after settle — platform retains fee, forwards net (async; can fail).
Optional receipts — public page when Blob storage is configured.

Architecture

Agent → POST /api/deposit → HTTP 402
Agent pays gross via x402 → retry with payment proof
Facilitator settles USDC to platform wallet
Intent recovered from body and/or stored intent → forward net to target
Response payment_received + receipt URL; poll receipt for forwardStatus

Comparison

Coinbase already funds wallets (Fund/Send). deposit.now is a complementary open rail — not a replacement.

Feature	Direct transfer	Coinbase CDP Fund	deposit.now
Fund a wallet	You craft the transfer	Yes — Fund / Send skills & APIs	Yes — x402 pay, then forward to target
Payer integration	Wallet + chain code	CDP credentials / AgentKit stack	Any x402 client (no deposit.now API key)
Target wallet	Any address you control sending to	Best inside CDP wallet stack	Any EVM address you pass as target
Public receipt page	No (tx hash only)	Your own logs / explorer	Optional public /receipt/{id} when storage is configured
Protocol shape	Raw on-chain	CDP + x402 in their product	HTTP 402 + open API + llms.txt
Fee model	Gas only	CDP / product pricing	1% platform fee on net amount

Economics

Net amount: the amount field.
Platform fee: flat 1% of net, paid as part of gross x402 payment.

Limits (honest)

Does not create wallets or sub-accounts.
HTTP 200 does not mean target already holds funds.
Public receipts require server storage configuration.
Forward can fail; operators should monitor CDP hot wallet health.

Risk summary

See disclosures. Experimental infrastructure, not a money transmitter or bank. On-chain payments are irreversible.

>_Litepaper