Digital assets
Token prices can move sharply and quickly, and a token can lose all of its value. Past prices, yields and returns shown on the Interface say nothing about the future. Yields, APRs and rewards are estimates from on-chain data and change with pool activity, season settings and protocol upgrades.
Smart contracts
Smart contracts can contain errors or be attacked, and assets held by or passing through a faulty contract can be lost. This applies to the Swopus contracts and to the third-party contracts the Interface uses: pools, routers, tokens and bridges.
Swopus contracts have administrator roles held by the Swopus team. Depending on the contract, these roles can pause features, change parameters such as fees or the routers a contract accepts, and on KleverChain replace a contract’s code. They exist to fix problems and respond to incidents, but they are also a risk in themselves.
Beta features
Everything on Robinhood Chain and Base — swaps, limit orders, tokenized stocks and bridge transfers — is in beta. The Swopus contracts behind it have not yet been audited by an independent third party. Transactions may fail or stay pending, prices may be shown late or incorrectly, and features may be paused or changed without notice.
The contracts are built so that your funds stay in your wallet until a trade and a trade moves only what you signed, never below the minimum you accept — but that design is not a guarantee against loss. While in beta, one operation is limited to the equivalent of US$500.
Prices and data
Dollar values on the Interface are estimates, often derived from on-chain pools, and can differ noticeably from prices on other markets. Market data, charts, balances and history can be late, incomplete or wrong when a node, an indexer or a data provider falls behind.
Liquidity and execution
A pool with little liquidity gives a worse price for a larger trade (price impact), and the price can move between your quote and the moment your transaction executes (slippage), up to the limit you set. Liquidity can be withdrawn at any time. Providing liquidity carries impermanent loss: the value of your share can end up lower than simply holding the tokens.
Limit orders
A limit order is not guaranteed to fill, even when the market touches its price: filling depends on liquidity, network conditions, price feeds and the service that executes orders. An order can fill partly, late or not at all, and an order can be filled right after the market moves in a way you did not expect. Cancelling an order may require a transaction and its network fee.
Tokenized stocks
A tokenized stock is a token from a third-party issuer that follows the price of a share; it is not the share and normally carries no shareholder rights. Its issuer can pause, freeze or adjust it. Its reference price follows market hours and can stop updating outside them, during corporate actions or when a feed fails, and its price on-chain can differ from the share’s. Its availability depends on where you are, and the rules around it may change.
Bridges
Bridge transfers are carried out by third-party providers and depend on their systems and on both networks. A transfer can be delayed, can fail and be refunded, or in the worst case be lost if a provider fails. A transfer sent to the wrong address or network generally cannot be recovered.
Wallets, approvals and fees
Anyone with your recovery phrase controls your assets. Phishing sites, fake support accounts and compromised devices are the most common way funds are lost — Swopus will never ask for your phrase. Token approvals let a contract move your tokens until you revoke them. Network fees are paid even when a transaction fails and are not refunded.
Legal, regulatory and tax
The laws on digital assets and tokenized securities differ between countries and are changing. A change can restrict a feature, a token or your access to it. It is your responsibility to make sure your use of the Interface is legal where you are, and to report and pay any taxes due.