What can still go wrong

The contract stops a manager taking your money. It does not stop you losing it. Those are different sentences and the rest of this page is the difference.

Losing money the ordinary way

• The manager is bad at it. A public record makes that visible afterwards. It does not make it less likely.
• A short record proves nothing. A manager up 40% over two weeks is mostly telling you the market went up. There is no length of record this site can enforce.
• Concentration. A fund is allowed to hold one stock with everything. Its holdings are on its page; a fund holding one thing is a bet on one thing.
• The fee is real money. A yearly fee is charged whether the fund wins or loses. Over several flat years it is the whole of your loss.

Things about this system in particular

• Deposits are shut most of the week. Stock feeds run five days a week and pause during corporate actions. Issuing shares needs a price, so a deposit refuses when there is not one. Exits always work.
• A lockup means what it says. If a fund has one, you cannot leave inside it, including on the day you decide the manager is wrong. It is printed on the fund's page before you deposit and it can only ever be shortened.
• Every fill costs something. A trade pays pool fees and moves the price against itself. Measured on a real pool an honest round trip cost 0.03%. A manager who trades constantly pays that constantly, out of your money.
• You are paid out in kind. Leaving gives you a proportional slice of whatever the fund is holding, which may be stock rather than cash. Selling it is your problem and your cost.

Things that could break underneath

• The contract is not audited. Five attacks were written and refused, and they are named on the Security page. An attack nobody thought of is not on that page.
• Chainlink is trusted completely. Every price check, every valuation and every fee depends on a feed. A feed reporting a wrong price confidently would be believed.
• One venue. A fund routes through a single Uniswap V3 router. If that router is compromised or the pool is empty, trades fail or fill badly.
• The chain is young. Robinhood Chain is new. Its liquidity is thin next to the venues these stocks normally trade on, and thin liquidity is what makes a fill bad.

Things outside the code entirely

• Managing other people's money without a licence is a real regulatory shadow, even where nothing is ever custodied and the manager cannot touch the money. Nobody has tested where that line sits for a contract like this one.
• Tokenised stock is not stock. What a fund holds is a token that tracks a share. What that entitles you to, and from whom, is set by whoever issues it, not by this contract.
• This site can go away. The funds do not. Every number here is read from the chain and every fund can be withdrawn from by calling it directly.