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FAQ

Common questions about how HoodPerp works.

Does HoodPerp hold my funds?#

No. Spot swaps run from your own wallet, and perp trading uses a delegated key scoped only to placing orders. Withdrawals always return to your wallet.

What is USDG?#

USDG is the stablecoin used as margin collateral on Robinhood Chain. All swaps are paired against it, and perp margin is denominated in it.

Do I have to sell my stocks to trade perps?#

No — that's the point. You convert stock tokens into USDG margin (and can later convert back), so you get buying power without permanently exiting your position.

Why did I sign a message when enabling trading?#

That signature registers a delegated L2 trading key on Lighter. It lets HoodPerp place orders on your behalf without prompting for every trade. The key cannot withdraw your funds.

What leverage can I use?#

It depends on the market. Each perp has its own maximum leverage derived from its minimum initial-margin requirement. Higher leverage raises your liquidation risk.

Which wallets are supported?#

Email sign-in (embedded wallet) plus external wallets like MetaMask, Rabby, OKX, and Coinbase Wallet via standard injected-provider discovery.

Is HoodPerp available everywhere?#

No. Tokenized stocks and perpetuals are restricted in some jurisdictions. Check that access is permitted where you are before using the app.