> For the complete documentation index, see [llms.txt](https://docs.pearlswap.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pearlswap.ai/reference/status.md). # Where the project stands Written plainly, because a bridge that overstates its progress is not one to trust. ### Working today, on test networks * Swapping from other assets into PRL, end to end. * Moving PRL to Hyperliquid and back, through the 2-of-3 escrow. * Deposit addresses your browser verifies before showing. * Returning PRL that cannot be paid out, automatically. * The guardians running as three separate processes, each with its own keys, database and view of both chains, carrying on when one is killed at any moment, including while holding a signed payment. ### Not done yet * **Independent guardians.** Today all three are run by us. That proves the protocol; it does not prove the trust model, and until two outside operators join, this is still our custody. It is the next thing we are working on. * **Mainnet.** Nothing here runs on real networks yet. Payments on the live site are switched off. * **A market.** The escrow guarantees redemption, not liquidity. A real PRL/USDC book needs market makers. ### How it will open up Small caps first, with limits raised as the record lengthens, and a public view of the reserve so anyone can check the one rule that matters: every PRL on Hyperliquid matched by a PRL held on Pearl. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.pearlswap.ai/reference/status.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.