FAQ
Short answers. Each one has a longer version elsewhere in these docs.
Is this insurance?
No. BREAK pays on the measured market discount against net asset value for seven days, nothing more. It does not cover slashing, a fall in net asset value, delayed withdrawals or a liquidation elsewhere.
Is HOLD a way to earn yield?
No. HOLD earns nothing by itself. Selling BREAK against a pair you minted earns a premium once; if the discount is deep for two days, HOLD pays zero.
Can I lose more than I put in?
No. A minted pair locks 0.03 SOL per lot and can never owe more. A note bought from escrow can go to zero, never below.
Why 0.03 SOL for 1 SOL of notional?
The contract pays the full vault at a 3% excess discount held for 48 hours, so 3% of the notional is the most a lot can ever pay. Notional is a calculation parameter, not a deposit.
What happens if a discount is 0.25% or less?
Nothing accrues. The deductible removes ordinary noise around the peg; only the part above it counts.
What if the discount goes above 3.25%?
The excess is capped at 3% per interval. Deeper discounts do not pay more per interval; they only reach the full payout in the same 48 hours.
Can I get out before settlement?
Sell the note from escrow if someone buys, or merge a complete pair for the full 0.03 SOL per lot at any time before finalization.
Who sets the price?
A sampled average of approved Raydium pools, co-signed by two of three reporter keys fixed at series creation. See Price and reporters.
What if the reporters stop?
After each interval’s grace deadline anyone can skip it with zero accrual. Settlement is delayed at most until the last deadline passes. Skipped time favors HOLD.
Are there fees?
No protocol fee. You pay Solana transaction fees, rent for new token accounts and SOL wrapping.
Is there an AMM or a bid side?
No. The book is fixed-price sell offers backed by escrowed notes. Quotes are read from those offers and each fill is its own transaction.
Why is everything disabled in the app?
No program is deployed and no market has a qualified price yet. The app shows real monitoring data and refuses to prepare trades until both exist.
Does the backend hold my keys?
Never. It builds unsigned transactions; your browser verifies them, your wallet signs, and your own RPC connection submits.
Which wallets work?
Any Wallet Standard wallet. Hardware wallets that need a USB bridge are not bundled.
Something else?
Ask on X, or read the Risks page, which answers most of what is not here.