Questions

Basics

Do I need an account?

No. Your wallet is your account. Wallets and sign-in

Do I deposit funds with opcode?

Swaps settle directly from your wallet. Providing liquidity is optional and deposits tokens into program-controlled pool vaults in return for on-chain shares.

Am I buying real shares?

You receive the selected issuer's token in your wallet. xStocks are tracker certificates; Backpack Securities has separate securities and redemption terms. A swap does not perform a brokerage transfer. What you are buying

Who can use it?

Anyone can look. opcode currently blocks trading for residents of the United States, the United Kingdom, Canada, Australia and sanctioned persons. Eligibility also depends on the selected issuer's terms. Who can trade

Can I look around without a wallet?

Yes. Markets, reference prices and these docs are public. Quick and OPmode trades use real funds and need your wallet approval.

Which route should I use?

Quick supports listed xStocks and Backpack Securities tokens when a route is available, with estimated output and a minimum received. OPmode requires an explicitly configured, funded pool and a valid reference. The ten original xStocks pools are currently paused; the terminal reports every configured pool's current availability. The terminal

Can I create a pool from the terminal?

No. opcode configures new OPmode markets. Once an eligible pool is available, you can deposit both tokens in its current ratio and receive pool shares, or withdraw an existing position. Pools

Prices

Why is the price different from my broker's?

You pay a spread around a reference price, and the token can trade a little away from the share. How a quote is built

Where does the OPmode price come from?

From the underlying stock or ETF price on Pyth, verified on chain and multiplied by the token's multiplier, with one USDC assumed to equal one dollar. Reference prices

Is it more expensive at night and at weekends?

OPmode pools have no fixed session premium, but confidence affects the spread and a fresh Pyth price in a verified open session is required. OPmode gives no new quotes at weekends or on exchange holidays. On Quick the price is whatever the route finds, and liquidity is often thinner while New York is shut. Sessions and market hours

Why did the price get worse when I bought several times in a row?

Each buy takes inventory from the pool, and a pool short of inventory leans its prices. Pools, inventory and skew

How does slippage work?

Quick review shows its slippage tolerance and minimum received. An OPmode firm quote fixes the output until its expiry; it either fills at those amounts or fails. Placing a swap

What is the fee?

Read the fee on the selected mode's quote before signing. Quick shows the quoted trading fee; OPmode shows its included fee. Network fees are paid separately in SOL. Fees and limits

Why does a market show no price?

opcode could not prove the price, the token or the calendar was right, so it stopped. Some markets can be without a price at any moment. When something goes wrong

Swaps

How long does a swap take?

A second or two to confirm, a few more to become final.

My quote expired. Did I lose anything?

No. Nothing happens until you sign a transaction and it lands.

My swap says Unknown. What now?

Wait, and do not start another. opcode keeps checking it, even with your browser closed. Receipts and history

Can I cancel after confirming in my wallet?

No. Once a signed transaction is sent it either fills or fails.

Is there a minimum or maximum?

The minimum is whatever yields at least one smallest unit out. On OPmode an order can be at most 100 USDC on NVDAx and 20 USDC on the other nine OPmode markets, within a fixed 60-second window limit of 500 and 100 USDC. Quick has no opcode limit; the route's liquidity sets the price. Placing a swap

Can I place a limit order?

No. Every order is a request for a price now.

Tokens

What happens when the stock pays a dividend?

The mechanism depends on the issuer. xStocks applies its multiplier; Backpack Securities describes its own reinvestment and corporate-action treatment. Check the selected product's terms. Issuer differences; xStocks dividends and splits

Why do I see two quantities?

Raw tokens are the units used by orders and receipts. The secondary scaled display uses the verified multiplier, and a saved order keeps its quote-time multiplier. Check the instrument's issuer and decimals: xStocks use eight raw decimals, Backpack tokens use six.

Can I send my tokens somewhere else?

Yes. They are ordinary Solana tokens in your own wallet. Check the mint address, not the ticker. Markets

Can the issuer freeze my tokens?

Yes, under its terms. opcode cannot prevent or undo that. Risks

Trust

How do I check a fill?

Open the transaction link in the saved order. OPmode also records a settlement receipt when a trade succeeds. Verify it yourself

What stops opcode from giving me a terrible price?

On OPmode you see the exact price before signing, and the program refuses any fill more than 1% from the reference it wrote from a verified Pyth report. On Quick, the minimum received bounds what you get. Risk controls

Does opcode have a token?

Yes, $OP. Its mint is 5PiBn5JdjJDnRGziiSfsu2affgBR3DyTTCR3CHpcode. Check the mint, not the ticker: a token with the same name and a different address is not ours. opcode buys $OP back from its protocol fee revenue as that revenue accrues, and on tokens created through Launch, 0.50% of trading volume buys $OP on the market and burns it. You never need it to trade. Launch terms and fees

Who is on the other side of my trade?

Quick uses whatever liquidity Jupiter routes to. OPmode quotes against its funded pool inventory. Providers own shares of that pool.