> For the complete documentation index, see [llms.txt](https://docs.jaawle.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jaawle.xyz/legal/faq.md).

# FAQ

**What is this?** One terminal for stocks, ETFs and crypto on-chain. Trade them as perpetuals with leverage, buy the tokenized shares outright, or stake them into the pool that backs the market. Prices from Pyth, shares from the issuer, settled in USDC on Base.

**How is it different from a synthetic perp?** A synthetic perp only tracks a price. Here the pool owns the shares a long borrows, receives the dividends, and its NAV is what backs every position. There is nothing to peg.

**What do I need to start?** A wallet, USDC on the chain the terminal runs on, and one identity verification. Tokenized shares are securities, so every wallet is checked before it can trade or deposit.

**Where are my funds?** In your wallet or in the pool and position contracts, which you can read on the explorer. The platform never has custody. One-click trading uses a subaccount signature you can revoke in one transaction.

**When can I trade stocks?** During the NYSE session. Extended hours allow closes at a higher maintenance margin; nothing executes while the exchange is closed. Crypto trades around the clock.

**Why does the chart move when the exchange is closed?** The price feed is the tokenized share, which trades on crypto venues around the clock. The chart dims those bars, the header labels the print as after-hours, and the mark the perp uses holds at the close.

**Can I just buy the stock?** Yes. The Stocks page lists every dShare. You pay in USDC, the order is placed at the issuer on your own account, and the shares land in your wallet on the fill.

**Who earns the dividends?** Whoever holds the shares. In your wallet, the issuer pays you directly. Staked in a pool, the dividend is booked to the pool as NAV, so your LP token is worth more; the platform takes none of it. Open longs are credited and shorts debited their share on the ex-date.

**Do stop-losses work when my browser is closed?** Yes. Triggers live on-chain and the keeper checks them against every price it publishes, so a crossed trigger executes on the next print. After a short priority window anyone may execute a crossed trigger.

**Why was my stop refused?** It sat inside the price's confidence band and would have fired on the next tick. Move it a little further from the mark.

**What are the fees?** 5 bps taker on perps, borrow and funding while open, 0 to 80 bps to mint or burn pool tokens, and 10 bps plus the issuer's fee on stock purchases. See [Fees](/product/fees.md).

**What happens if the keeper stops?** Positions and pools are safe: nothing depends on the keeper to hold. Liquidations, triggers and limit orders can be executed by anyone after a priority window, a resting limit order can always be cancelled by its owner, deposits wait, and prices age into a closing mark that the contracts refuse to act on beyond a limit.

**Is the code audited?** Not yet. The contracts are open, tested, and documented in [Security](/security/design.md); an audit is planned before mainnet.


---

# 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.jaawle.xyz/legal/faq.md?ask=<question>&goal=<endgoal>
```

`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.