■ Crash insurance, sold as a memecoin
Get paid
on the way
down.
$HEDGE pays its holders in USDG on every day NVDA or the S&P 500 closes lower. On the days they close higher it pays nothing at all, and the fees keep piling up for the next time they don't.
Everything else is built to go up
Every other token on every other chain asks you to believe the line keeps rising. This one has no opinion about the line. It only cares which way it moved yesterday, and it only pays you when the answer is down.
When NVDA or the S&P 500 closes below its previous close.
The vault pays out
USDG lands in holder wallets, split by balance. The deeper the fall, the larger the share of the vault that is released.
When Both close flat or higher. The good day, for everyone else.
Nothing happens
No distribution, no announcement, no consolation. The fees collected that day stay in the vault and wait. Green days are what pay for red ones.
- 01
A fee on every trade
Buying or selling the token pays a fee. It is converted to USDG and parked in the vault. That is the only place the money ever comes from.
- 02
The close is read
After each US session an oracle posts the day's change for NVDA and for the S&P 500. Two numbers, once a day, and nothing else is read.
- 03
One of them is red
If either benchmark closed lower, the day is a red day. The vault releases a share of what it is holding, scaled to how far the market fell.
- 04
Holders are paid in USDG
The release is split pro-rata across balances at the close. Paid in a dollar stablecoin, not in more of the token — a payout you have to sell is not a payout.
The uncomfortable half, stated once and not softened: a payout can never be larger than the fees already collected. A long enough fall with no trading volume behind it empties the vault and the red days stop paying, exactly when you would want them most. That is the failure mode of this design and no amount of copy removes it.
Where the money comes from
Nothing is minted to pay you and nobody is underwriting this. Every USDG a holder ever receives was collected as a trading fee first, sat in the vault while the market went up, and left on a day it went down.
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No vault deployed yet.
0.00
No distribution has run.
0
Counted from launch.
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Undecided — see §06.
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Published here the moment it is deployed, before anything is bought. Until then this line is a dash, not a placeholder address.
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How much of the vault a red day releases, and how that scales with the size of the fall. Still open — a number invented here would be a forecast wearing a rule's clothes.
Two numbers, once a day
The contract reads exactly two things and ignores everything else. No intraday wick, no volatility index, no funding rate — just where each benchmark closed against where it closed the day before.
The single most owned reason a portfolio is up. Which makes it the single most owned reason it is down.
Last close · awaiting oracle
One name can fall on its own news. The index only falls when the market does, and that is the day this token exists for.
Last close · awaiting oracle
A red day is any session where either benchmark closes below its own previous close. Either — not both. One of the two being down is enough to pay, because a day where your index held and your largest position did not is still a day that went wrong.
An oracle contract is deployed and namednot met
Its address is published on this page and can be read by anyone before they buy.
Both closes are readable onchainnot met
NVDA is straightforward. The S&P 500 is licensed intellectual property of S&P Dow Jones Indices, so this either needs a licensed feed or has to read a tradable proxy instead and say so plainly.
The calendar is defined, not assumednot met
Which sessions count, what a half day does, what happens on a holiday, and what the contract does when a trading halt means there is no clean close to read.
A no-post rule existsnot met
If the feed does not publish, the day must resolve to something written in advance. An oracle that can silently skip a red day is a vault with a back door.
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What is actually live
The panel below is real: your browser is talking to Robinhood Chain as you read this. Everything underneath it is a dash, because none of it has been deployed. Both facts belong on the same screen.
Block height
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Last read
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Gas price
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RPC
connecting
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The ERC-20 you would hold.
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Holds the USDG between distributions.
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Posts the daily close of each benchmark. See §03.
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The stablecoin holders are paid in. Verify this one against Paxos yourself — a wrong token address pays out something that is not a dollar.
Nothing is deployed. No presale, no allowlist, no private round — if you are being offered one of those in this project's name, it is not this project.
Do the arithmetic yourself
Four numbers decide what a red day is worth to you. Two of them do not exist yet. Type what you like into the rest — the result is your own arithmetic, not a projection this site is making.
Not deployed. Nothing to read.
Undecided — see §06.
Yours to type.
Not minted yet.
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Waiting on 4 values: vault balance, released on a red day, your holding, total supply. Two of them cannot exist until the contracts do.
Not decided yet
Eight things that change what you would actually receive, none of them settled. They are listed here instead of being invented elsewhere on the page, which is why several panels above are dashes.
- 01
Fee size, and which side it sits on
Buys, sells, or both. Too small and the vault never fills; too large and nobody trades, which also means the vault never fills.
- 02
The payout curve
Flat share of the vault per red day, or scaled to the depth of the fall. Scaling is truer to the pitch and much easier to game with one bad print.
- 03
Either, both, or weighted
The page currently says either benchmark falling pays. That is the most generous reading and it drains the vault fastest — roughly one session in two is a red day for something.
- 04
How the S&P 500 gets read
The index is licensed IP. Either a licensed feed, or a tradable proxy read instead with the substitution stated on this page. Quietly swapping one for the other is not an option.
- 05
Push or claim
Pushing USDG to every holder costs gas that scales with the holder count. A claim window shifts that cost to the holder and strands whoever does not show up.
- 06
The snapshot
Balance at the close is the obvious rule and the easiest to farm: buy at 15:59, collect, sell at 09:31. A time-weighted balance fixes it and costs more to compute.
- 07
A vault floor
Whether the vault refuses to pay below a reserve so it survives a long drawdown, and who gets to set that number after launch.
- 08
The regulatory read
A transferable token that pays holders when a named equity falls has the shape of a derivative, whatever it is called. This one needs a real opinion from a real lawyer before launch, not a disclaimer.
Questions
Starting with the ones that argue against buying.
Is this insurance?
No. Nobody underwrites it, no capital is reserved against your position, and there is no claim to make. It pays out of fees it already collected, and when those run out it pays nothing. Calling it crash insurance is marketing, and the name is a joke about the marketing.
Is it a security or a derivative?
That question has not been answered yet and this page will not pretend otherwise. A transferable token that pays holders when a named stock falls has the shape of a derivative in most places that regulate them. It is listed as an open item in §06 and it needs a lawyer, not a disclaimer.
What happens when the vault is empty?
Red days pay nothing. This is the failure mode, and it arrives at the worst possible moment: a long grinding drawdown is exactly when trading volume dies, so fees stop coming in at the same time payouts are triggered every session.
What if the market just goes up for a year?
You get paid on the down days inside that year, of which there will be plenty, and the token does nothing else for you. There is no yield, no staking and no buyback. On a straight line up this is a token that costs you a fee and hands back small amounts.
So why hold it at all?
Because the days it pays are the days everything else you own is losing. That correlation is the entire product. If you want something that goes up when the market goes up, almost every other token on this chain already does that better.
Where does the USDG come from?
Trading fees, converted to USDG, held in the vault. It is not minted, not borrowed and not deposited by a treasury. If nobody trades the token, nothing accumulates and nothing gets paid.
Can the team drain the vault?
That depends on contracts that are not written yet, so the only honest answer today is: read them when they exist. Ownership, upgradeability and any admin key will be published on this page before anything is buyable, and if they are not, that itself is the answer.
What stops someone buying at the close and selling at the open?
Nothing yet. The snapshot rule is one of the open items in §06 precisely because the obvious version — balance at the close — is trivially farmed, and the fix costs more to compute.
Why NVDA and the S&P 500?
One concentrated position and one broad market, because those are the two ways a portfolio goes wrong. A single name can fall on its own news; the index only falls when everything does.
Will the token price go up?
No idea, and anyone who tells you otherwise is guessing at best. The mechanism described on this page is about distributions, not price. The token can pay every red day for a year and still be worth less than you paid for it.
HEDGE is not insurance, not a put option and not a hedge in the regulated sense of the word. Nobody underwrites it, no capital is reserved for you, and a payout can only ever be as large as the fees already collected.