Risks

You can lose some or all of what you put in. These are the ways, in plain words.

The contracts could have a bug

The code has been tested hard but has had no outside audit. A bug could lose deposits. That is why the vault refuses to hold more than $5,000 in total for now, and why you should not deposit money you cannot afford to lose.

The lending vault could lose money

Waiting money is lent out through Morpho. If borrowers default and their collateral does not cover the loan, you get back less than you put in. If the market is fully lent out, a stop has to wait until it can pay.

The stock could fall

Buying on a schedule spreads out the price you pay. It does not stop the price falling after you buy.

A stock token follows the stock's price. It is issued by a third party, who can pause it or block an address, and its price can drift from the stock's, most of all when the stock market is closed. What it entitles you to is set by its issuer's terms.

The price feed could stop or be wrong

Buys use Chainlink's price as a limit. A stale price makes buys wait. A wrong price could let a buy go through at a bad rate, within the 1% limit.

A buy could be late

The keeper is one program run by one operator. If it stops, buys are late until it restarts or until someone else sends them, which anyone may do after 12 hours.

The admin could act badly, within limits

The admin cannot take deposits or block a stop. It can pause new deposits, switch routes off, and set a fee of up to 10% of the interest. Adding a route, loosening the price limit or changing a price feed takes 48 hours in public. See Limits.

USDC could fail

USDC can lose its peg, and its issuer can freeze an address.

You could lose your wallet

Nobody can recover a wallet you lose access to, or reverse a transaction you sign.

The law where you live

Tokenised stocks are treated as securities in many places, and using them may be restricted or not allowed where you live. It is up to you to check.