Legal
Risk & eligibility
Eligibility
Robinhood Stock Tokens are tokenised debt securities issued by Robinhood Assets (Jersey) Limited. According to the issuer, they are not offered or sold to US persons or within the United States, and offers and sales are restricted in other jurisdictions including Canada, the United Kingdom and Switzerland. Surge's read-only features are available to everyone. The guarded swap is a tool for people who may lawfully acquire and hold these tokens; by using it you confirm that you are such a person and that you have checked the rules that apply to you.
What Surge is
Surge is software that reads public data and helps you build a transaction that you sign in your own wallet. Surge does not custody assets, does not execute trades on your behalf, does not provide investment advice, and does not guarantee any price, fill or outcome.
Risks you should understand
- Reference risk. The reference is Robinhood's quote or Chainlink's feed. Either can be wrong, delayed or halted. Surge checks freshness and agreement but cannot verify correctness.
- Execution risk. A pool can move between planning and mining. The router then reverts and you pay gas. A fill inside your band is still a fill at that price; the band is your choice.
- Token risk. Stock Tokens carry economic exposure only, no voting or beneficial rights. The issuer can pause transfers. Corporate actions are applied by the issuer through the multiplier.
- Coverage risk. Surge only scans hookless Uniswap v4 pools for USDG and WETH pairs. Other venues may be better or worse.
- Software risk. This code has not been audited. It may contain bugs. Approvals you grant to Permit2 and the Universal Router are standard Uniswap approvals and are capped in amount and time by Surge's defaults; review them in your wallet.
- Loss of capital. Prices of the underlying securities can fall to zero. Do not use funds you cannot afford to lose.
No fees, no promises
Surge takes no fee in this version. Surge makes no statement about the future value of any token, including the SURGE token.