Protocol
Security & risk
HoodPerp is built so that you never have to trust the interface with custody of your assets. This page explains the trust model and the risks you should understand before trading.
Trust model#
- Self-custody. Spot swaps execute from your wallet. The protocol holds no user balances.
- Scoped delegation. The delegated trading key can place orders but cannot withdraw. Withdrawals return only to your wallet.
- On-chain settlement. Margin and positions are held by the Lighter protocol and are verifiable on-chain.
Risks#
| Risk | What it means |
|---|---|
| Market risk | Leveraged positions can be liquidated; you can lose your margin. |
| Smart-contract risk | Contracts may contain bugs despite testing and review. |
| Venue risk | Settlement depends on Lighter and Uniswap being operational. |
| Oracle risk | Mispriced marks can affect liquidations and fills. |
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Jurisdiction
Tokenized stocks and perpetuals are not available in all jurisdictions. Access may be restricted based on your location. It is your responsibility to comply with local laws.
Responsible disclosure#
Found a vulnerability? Please report it privately to hoodperp@gmail.com rather than disclosing publicly, so we can protect users first.