Reading chain state
Risk disclosure
This page describes the material risks of holding $SNXFI and of receiving tokenized stock distributions from the SonixFi protocol. It is not exhaustive and it is not financial, legal or tax advice.
01
SonixFi contracts are immutable once deployed. A defect in the treasury, distributor, snapshot or adapter contracts, or in a dependency such as OpenZeppelin or a DEX router, can lead to loss of funds. Audits reduce but do not eliminate this risk. Pause controls exist for the treasury and distributor and are held by the protocol multisig.
02
Basket assets are acquired from on-chain pools. Thin pools mean the treasury pays more per unit, that distributed assets may be hard to sell, and that the displayed pool price may not be achievable in size. The interface labels pools LOW LIQUIDITY or PRICE UNRELIABLE when depth is below its thresholds; those labels are informational, not a guarantee.
03
Prices shown as POOL PRICE come from a DEX pool and can be manipulated within a block. A REFERENCE PRICE, when configured, comes from a third-party feed that can be stale, wrong or unavailable. Neither is a guaranteed fair market value and neither is used to decide what the treasury pays — only the on-chain minOut and slippage limits are.
04
Tokenized stocks are issued by third parties under their own terms. The issuer may pause transfers, freeze addresses, change redemption terms, restrict eligible holders by jurisdiction or cease operations. Tokenized stocks are not automatically the same as shares held in a regulated brokerage account, and SonixFi does not promise dividends, voting rights, guaranteed redemption, guaranteed liquidity or guaranteed returns.
05
If ETH or assets reach the chain through a bridge, that bridge is a separate system with its own contracts, operators and failure modes. A bridge halt or exploit can strand or destroy value that the protocol has no control over.
06
Execution relies on DEX routers, pool liquidity providers, the keeper that drives cycles and the multisig that administers the protocol. Any of them can fail to act, act late or act incorrectly. Keeper failure delays cycles; it cannot move treasury funds anywhere except allowlisted adapters and the distributor.
07
Tokenized securities and distributions of them may be restricted or prohibited in your jurisdiction. Laws change. You are responsible for determining whether holding $SNXFI or receiving distributions is lawful where you are, and for any tax consequences.
08
Eligibility is fixed at a snapshot block chosen by the executor according to the on-chain schedule. Balances moved after the snapshot do not count; balances held in contracts, exchanges or excluded addresses may not be counted. Reorgs, RPC divergence or indexer defects can affect the reconstructed balances; the published allocation file and its hash exist so anyone can recompute and dispute them.
09
Every treasury purchase carries a minimum output enforced on-chain; a purchase that cannot meet it reverts and is recorded as ExecutionFailed. Between quote and execution the price can still move by up to the configured maximum slippage. Swaps you make yourself through BUY $SNXFI are subject to the slippage you set.
10
Treasury purchases and user swaps are public transactions and can be sandwiched or front-run. Slippage limits bound the loss but do not prevent it.
11
Robinhood Chain, its sequencer, its RPC endpoints, the indexer and this website can all be unavailable. The interface shows DATA UNAVAILABLE or STALE DATA instead of a last-known number in those cases. Claims remain possible directly against the distributor contract with a proof from the published allocation file.
12
A tokenized stock can trade away from the price of the underlying share, and a stablecoin used as a reference can trade away from one dollar. Distributions are made in the tokens the treasury actually acquired, at whatever they are worth when you receive them.
No promises
SonixFi does not promise dividends, voting rights, guaranteed redemption, guaranteed liquidity or guaranteed returns. Distributions happen only when fees have actually been collected, a snapshot has been locked and basket assets have actually been acquired on-chain — every one of those steps is visible on this site and on the block explorer.