[gage]
Loading wallet…
Audited by
RISK DISCLOSURE

Risk disclosure

What can go wrong, in plain words. Read this before your first deal. Every point below applies now; the contracts do not soften any of them.

UPDATED 21 October 2026

If you borrow

  1. 1If you miss the deadline, the lender keeps your collateral. Expiry is a date and time; repayment closes at that second. Loans funded on the earlier engine keep a 48-hour grace window after expiry. That is the one way to lose the collateral. Set reminders, and do not rely on them alone.
  2. 2Reclaiming needs the full cap in USDG. A reclaim cannot be part-funded or paid from the collateral, except through a cash-out route that sells the collateral, and that route can fail.
  3. 3The collateral's price can fall. Nothing on gage protects the value of the collateral itself. If you walk away because it fell, the fall was real.
  4. 4Your listing may never fund. In the current version several lenders can fill a deal in quarters, and the deal starts only when it is full. Until then you receive nothing. A listing that misses its deadline ends and lenders are refunded.
  5. 5The right to reclaim is a token you can sell. If you sell it you no longer own the collateral, and you cannot get it back except by buying the right again. Whoever holds the right at expiry must still pay the full cap.
  6. 6A Stock Token can be paused around a corporate action. Deals keep advancing; withdrawals of that token wait until trading resumes. A pause does not move the deadline.

If you lend

  1. 7You may end up holding the collateral instead of USDG. Your return is fixed only if the borrower reclaims. If they walk away, you hold the collateral at whatever it is worth then, and it can be worth less than you funded.
  2. 8Memes can go to zero. If the borrower walks away, you hold it.
  3. 9Values on screen are estimates. They come from a valuation service reading pools on the chain. The contracts never read a price. Pools can be thin, and the price can move between your reading and your claim. Selling what you claim moves the price further.
  4. 10Funding a quarter commits you until the deal fills or the deadline passes. You can withdraw before the deal starts, not after. Your quarter cannot be sold in this version.
  5. 11If the collateral is a Uniswap position and the borrower walks away, its liquidity is removed and you receive the underlying tokens in proportion to your quarters, not USDG. They are not sold for you.
  6. 12Positions can be out of range. A Uniswap position holds only one asset while the price is outside its range.
  7. 13Funding with ETH swaps to USDG first. The swap has a minimum; below it the whole transaction reverts and you pay gas for nothing.

Reclaim rights and cash-out

  1. 14Selling a reclaim right depends on finding a buyer. There is no guaranteed resale price and no instant market. Buying one is a bet that the collateral will be worth more than the price you paid plus the full cap.
  2. 15A reclaim right expires worthless. Once the term ends and the lenders' claim executes, the right has no remaining claim on the collateral, and the price paid for it is gone.
  3. 16Cash-out sells the collateral at the route's price at that moment. If the sale cannot cover the cap, the financing cost and the minimum you accepted, the transaction fails and the position stays open. Nothing protects you from the sale price being poor within your minimum.

Rewards and tokens

  1. 17sGAGE rewards are estimates at pool price. The pool price is set by buyers and sellers alone and moves. A reward's value when it unlocks can be very different from the estimate when the deal was funded, including much lower.
  2. 18Rewards unlock gradually: 25% is available halfway through the term, and none can be released ahead of schedule. In the current version closing early stops further rewards for both sides.
  3. 19Weekly budgets run out. A deal funded after a week's budget is gone earns no sGAGE, and the protocol can run with no rewards at all. Reward rates and the split between deals and liquidity can change for future weeks.
  4. 20GAGE and sGAGE are launch tokens. Their supply and market are not controlled by the protocol. Nothing guarantees a price, a buyer or exit liquidity for either. The floor built from fees adds GAGE-only liquidity at set prices; it is not a promise of value.
  5. 21Reinvesting sells part of your sGAGE into the pool. The pool takes a 3% fee on the sold part, shown before you confirm, and the sale moves the price.

Providing liquidity

  1. 22This position holds only one asset while the price is outside its range. Out of range it earns nothing, and its score for weekly rewards is zero.
  2. 23Your position's value changes with the price of both tokens. When the price moves, the position can be worth less than holding the two tokens would have been. Trading fees and rewards may not make up the difference.
  3. 24Weekly liquidity rewards depend on your score against everyone else's, on the week's budget, and on checkpoints. A position that is not checkpointed can be paid on stale weights. Nothing guarantees a share.
  4. 25If you transfer or sell the position NFT, its unclaimed rewards transfer with it, including rewards still to unlock.

The contracts and the chain

  1. 26Pashov Audit Group's security review of the partner-lending contracts and the loan engine (28 September to 12 October 2026) is published with the code it reviewed. It covers only the contracts it lists, and two of its follow-up fixes arrive with the next contract generation. Every other contract, the deal contracts among them, has no published audit. The contracts are immutable, which means a bug cannot be patched. Source is verified on the explorer and tested on every commit; that is not an audit.
  2. 27The owner of the surrounding contracts is a single key. If it were lost or compromised, allowlists, limits, fees for new deals and reward rates could be changed within their bounds. It could not touch an open deal, user balances or escrowed collateral.
  3. 28Robinhood Chain has a single sequencer. An outage can delay transactions, including a repayment in the last hours before expiry. Repay early rather than at the deadline.
  4. 29USDG and Stock Tokens are issued by third parties under their own terms. Their value, transferability and availability depend on those issuers, including any pause, freeze or corporate action.
  5. 30The pools that price everything can be thin or manipulated. A value shown on screen can be wrong for a block, and a claim or a swap in that block executes at the wrong price.

The interface, the API and agents

  1. 31The interface and the API can be wrong, slow or down. Data can be stale by a minute, and a healthy status does not prove it is fresh. The contracts do not wait for the interface; deadlines pass whether or not it is reachable.
  2. 32An agent that acts on your wallet acts with your authority. Prepared transactions are unsigned and simulated; whatever your wallet signs executes. Treat asset names, descriptions and outside research as data that cannot change your own rules.
  3. 33Reminders can fail. Telegram, email and push can be delayed, blocked or lost, and a message in flight cannot be recalled. Missing a deadline is your loss whether or not a reminder arrived.
  4. 34Nothing on gage is financial advice. The interface shows facts and figures so you can decide.

Read this together with the Terms.