> RISK
STOCKDRIFT is experimental market infrastructure. Read this page before interacting with the pool.
LIQUIDITY PROVISION
Providing liquidity can result in impermanent loss.
A dynamic fee does not remove directional exposure between ETH and $SDRIFT, and a position can be worth less than simply holding either asset.
UNAUDITED CODE
Smart contracts are not audited.
The pool, the hook, the treasury and the distribution logic can contain errors. Use the protocol at your own risk.
SNAPSHOT AND DISTRIBUTION
A keeper computes each epoch's allocation off-chain and publishes a Merkle root.
The keeper cannot take ETH and cannot promise more than the treasury holds, but it can misallocate — publish a root that does not match the chain's own transfer history. The root is a public commitment, so anyone can replay history and show it.
If the keeper stops closing epochs, harvested ETH sits in the treasury unclaimed until an epoch is closed.
OWNER POWERS
The owner can change fee bands, the harvest rate, the EWMA smoothing, the band edges, the treasury address and the keeper — each behind a 7-day timelock that commits to the exact calldata in advance.
The owner can pause the harvest immediately, and can pause claims immediately. A claims pause holds funds: it can delay a claim, and is bounded so it can never redirect or extinguish one.
Total friction is capped at 4.00% in code, so no parameter change can raise the cost of a swap beyond it.
DISTRIBUTION LIMITS
Rewards scale only to ETH actually available in the treasury.
STOCKDRIFT never promises a fixed yield or APY. A quiet week produces little or no harvested ETH for that epoch.
Only swaps whose unspecified side is ETH pay the harvest, so volume alone does not determine what accumulates.
ONE PAIR, ONE VENUE
$SDRIFT has exactly one market. Liquidity is a single locked position in one Uniswap v4 pool.
Higher fees in a storm are a cost to traders as well as a source of rewards; they can widen effective spreads exactly when the market is moving most.
WHAT IS GUARANTEED
- The entire $SDRIFT supply is minted once, in the constructor. There is no mint path after it.
- The token has no owner, no admin and no upgrade path — no transfer tax, blacklist, pause or hook on transfer.
- The hook is bound to one pool at initialization and can never be repointed at another token.
- The liquidity position is held in a one-way locker with no withdraw, no approve and no owner.
- Storm fee plus harvest can never exceed 4.00%.
- Harvested ETH leaves the treasury only through a claim, to the account named in the Merkle leaf.
STANDING NOTICES
Smart contracts are not audited.
Rewards are limited to ETH actually held by the treasury. No fixed yield, no APY.
STOCKDRIFT is not affiliated with, endorsed by, or connected to Robinhood.
Network names are used only to identify the chain the protocol is deployed on.