Understand what you're trading.

Read these disclosures before using Opcode.

1. Third-party tokens

   Opcode lists xStocks and Backpack Securities tokens. These are separate issuers and separate tokens, even when they reference the same stock. Ownership rights, redemption, dividends and transfer restrictions depend on the issuer's terms. Check the issuer and token address before trading.

2. Trading involves risk

   Prices and liquidity can change, and you can lose funds. In Quick, review expected output, minimum received, slippage and fees. In OPmode, review exact input, output, fee and expiry when a quote is available. Liquidity providers hold pool shares and receive the pool's current asset composition when withdrawing, with possible gains or losses and no fixed yield.

3. Your signature authorizes real funds

   Trading uses real wallet funds and requires your transaction signature. Network fees may apply even if a transaction fails. Signing in proves wallet ownership; it does not authorize a swap.

4. Dollar pricing assumption

   Stock-referenced OPmode prices treat 1 USDC as $1. This is a pricing assumption, not a guarantee of USDC's market value. New quotes may pause if USDC moves outside the supported parity range.

5. Check the outcome before retrying

   A delayed response can leave a submitted transaction pending. Check the saved order's status before creating a replacement.

Trading eligibility and country restrictions are checked separately. Acknowledging this notice does not establish eligibility.