FAQ

Two things.

Its liquidity cannot be removed — not by a timelock that will one day expire, but because the contract holding it has no withdrawal function in its bytecode at all.

And once its own trading has put $15,000 of USDC behind it, the coin re-pairs to a leveraged tracker of a real stock, at the multiple its creator chose (up to 5×). Its floor stops being idle dollars and becomes a leveraged position that moves when Nvidia moves, whether or not anyone is trading the coin.

Not yet. The contracts are written and tested but not deployed on Arc. Their addresses will be listed in Architecture at deployment, with verified sources on Arc's explorer. Until then, treat any address presented as Arc Perp's as unverified.

"Arc Perp" itself is a working name.

They cannot remove the liquidity. There is no function that does it, for them or for anyone — see Locked liquidity.

They can, of course, sell their own coins if they hold any. That is true of every token that has ever existed and no contract prevents it. What you can check is how much of the supply they hold, on any explorer.

1% on every swap, split 70/30 between the coin's creator and the protocol — 0.7% to the creator, 0.3% to the protocol.

There is no transfer tax and no launch fee. Nothing is taken on buys or sells beyond the pool's fee, which is visible in the quote before you sign. After the bond, a buy paid in USDC also crosses the tracker's own USDC pool, which charges 0.05%. Gas comes on top, and on Arc it is paid in USDC — a few cents a transaction.

Because Uniswap V3's fee tiers are fixed by its factory, and 1% is the highest one enabled on Arc. We do not own the factory to add another.

The ways to charge more would cost the thing we care most about: a transfer tax makes swaps through the standard router revert and gets the coin flagged by every scanner, and a V4 dynamic-fee hook lives on a venue bots cannot read. See The single pool.

Gas, plus an opening buy of your own coin of at least $1 — and those coins are yours. There is no launch fee and nothing to deposit: the launch position holds only your coin, so there is nothing to pair against it.

USDC, and nothing else. On Arc, USDC is also the gas token, so the same balance pays for your trade and for the transaction. Buying, selling and launching all take USDC and pay out USDC; there is no other coin to acquire first.

Your wallet may show that balance twice — once as the network's native balance, with 18 decimals, and once as the USDC token, with 6. They are the same dollars, not two amounts. Payments to Arc Perp's contracts go through the USDC token with an approval; a plain native transfer to them is refused. See Buying & selling.

Any market in the catalogue: the 33 stocks, indices, metals and commodities listed on What is Arc Perp?. Long or short.

The multiple is yours to pick, from 1× up to that market's cap — the lower of the product ceiling (5×) and what a position can hold on that market on edgeX, the exchange behind the trackers (90% of edgeX's own cap: 18× on its 20× markets, 9× on its 10× markets). Every market listed today therefore goes to 5×. The form only shows the pills the market allows, and the factory enforces the same limit on chain. See Leveraged trackers.

When its own pool has accumulated $15,000 of USDC — bondBackingUsd, a public, immutable value on the launcher. The coin page shows it as a market cap, which is the same statement in a form you can watch approach.

The protocol's keeper triggers it as soon as the threshold is met, so you never have to. The call is permissionless all the same: nobody decides whether a coin bonds, the threshold does.

Nothing. They stay in your wallet, the balance does not change, and the dollar price is the same on both sides of the transaction.

What changes is what sits behind them: the accumulated dollars become a leveraged position on a stock. The market also moves to a new pool address, so a chart keyed on the old pool will look like it ended — the coin is the stable identifier.

After the bond, the coin is quoted in its tracker rather than in dollars. When the tracker's NAV moves — because the stock moved — the coin's dollar price moves with it, with no swap involved.

It cuts both ways. A quiet day where the stock goes against the coin thins the backing even though the chart looks calm.

It is real, and it is leveraged. Those are different from safe.

The position sits on edgeX, an order-book perpetuals exchange, in an edgeX account kept for that one tracker. A smart contract cannot own an edgeX account, so the account is held by the protocol's hedge wallet — an ordinary wallet whose key the protocol holds. The tracker's vault can send money to that wallet and to no one else, and every withdrawal the keeper makes names the vault as recipient, so edgeX pays the vault directly.

What the chain proves is every dollar that left each vault for edgeX (HedgeFunded events) and every dollar that came back. What it cannot prove is the account itself: edgeX accounts are not on Arc and are not public, so the equity behind a tracker rests on the keeper's signed NAV. The hedge book shows what each tracker's backing amounts to and how to check the parts that can be checked.

And it can lose value fast: a leveraged tracker decays on a round trip in the underlying, pays funding every 4 hours and trading fees, and can be liquidated. See NAV, decay & funding.

Nothing here is a stablecoin reserve and we would rather you knew that than found out.

Three layers, with different answers.

The coin's pool. Nobody. The locker has no withdrawal function. The tracker's vault. It can pay out in two ways only: to holders who redeem, at NAV, and to its hedge wallet through fundHedge — capped on chain at the idle USDC above its redemption floor, never before the tracker bonds, never while paused. Nobody can choose another destination. The vault owner can stop the hedge path entirely with setHedgeFunder(address(0)). * The dollars on edgeX. These come back only through the hedge wallet's key. The keeper's code only ever withdraws to the vault, but the recipient is a field the key signs: someone who stole that key would not be bound by the code. edgeX itself holds the deposits, its bridge on Arc is controlled by a 3-of-5 multisig, and edgeX offers no forced withdrawal.

That is the part of the product that is not trustless, and Risks & security spells it out.

No. edgeX lists its stock, index and commodity perpetuals around the clock, weekends included, so a bonded coin's floor keeps moving at any hour.

While the underlying stock market is closed — nights and weekends — edgeX changes the rules: it rejects market orders, only accepts limit orders inside a band around the last close, and lets its mark price move at most 0.5% every 3 seconds. The keeper only ever sends immediate-or-cancel limit orders inside that band; on a thin night book one may not fill, and it is tried again on the next pass. The price can still jump when the underlying market reopens. A market that edgeX halts cannot be traded until it resumes.

Nothing is charged to your wallet, but the tracker behind the coin pays its way on edgeX, and that shows up as drag on its NAV: funding, settled every 4 hours; a taker fee of 0.045% of notional on every rebalancing trade; a small fee on each withdrawal back to the vault; and the volatility decay of any constant-leverage product. The tracker vaults themselves charge no mint, redeem or management fee today. See NAV, decay & funding.

Yes, two ways: sell them in the tracker's USDC pool, or redeem them at NAV on the tracker's vault.

A redeem is paid at once when the vault holds enough idle USDC. Shared trackers keep no idle buffer on purpose, so a larger redeem joins a first-in-first-out queue that the keeper fills by withdrawing from edgeX — about a minute per withdrawal when all goes well, longer when the market is closed or the venue is slow, and 24 hours more for withdrawals above 500,000 USDC in an hour. A queued redeem can be cancelled until it executes.

Connect the wallet that launched the coin, with a few cents of USDC in it for gas, and open its page — the claim panel is visible only to you.

It takes two transactions and the button does both: one to sweep the fees out of the Uniswap position, one to send your share. See Claiming your fees.

No. They accrue for as long as the coin trades, through the bond and after it, and there is nothing to renew. The liquidity is locked forever, which is exactly what makes the fee stream permanent.

Immediately, in the block it launches. It is an ordinary ERC-20 in an ordinary Uniswap V3 pool quoted in USDC, one hop through the canonical router, with no transfer tax to make swaps revert.

That is a design constraint we paid real costs to keep — see Integrations.

Not by the token. No branch of the coin's contract gates a transfer into the pool, in any block, under any condition.

After the bond, the dollars can arrive late, but not below your minimum. The tracker's vault keeps its USDC on edgeX behind the hedge, so when it cannot pay your sell at once, the swap still goes through and the USDC part waits in the vault's queue. The vault pays it once the keeper has recalled the dollars, usually within minutes, at the NAV of that moment. If that NAV would pay less than the minimum you accepted, the request is skipped, and you can cancel it from your Portfolio to get your tracker tokens back. See Buying & selling.

The one outside limit is USDC's own. Circle's USDC has a blocklist, and an address on it can neither send nor receive USDC — so it cannot receive the proceeds of a sale either. That is a property of the dollar Arc runs on, not a rule of ours, and no contract of ours can lift it.

Not in front of you. In the launch block the token only lets your own seed buy receive coins. For the next five blocks no single buy from the pool may exceed 5.5% of supply and no wallet may come to hold more than 5%. Arc produces about two blocks a second, so the whole window lasts about three seconds. It counts blocks, not seconds, and lifts on its own. Selling is never restricted. See Launching a coin.

Not by a third party. They are tested — including against the real Uniswap contracts and USDC on a fork of Arc mainnet — will be deployed unproxied, and the bytecode is what runs. The edgeX side has not carried an order from this system yet: its first live tests will be small-size tests on edgeX mainnet, since edgeX has no public test environment. See Risks & security.