RISK DISCLOSURE

Wolf Street distributes tokenized stock tokens, not dividends. No corporation — not Tesla, Apple, Amazon, SpaceX or anyone else — pays anything to this protocol, has any relationship with it, or has authorised it in any way. We are not affiliated with, endorsed by, or connected to any of the companies whose names appear on the tokens we distribute, nor with Robinhood Markets, Inc.

Holding a wolf gives you no equity, no shareholding, no voting right, no claim on any company's assets or profits, and no entitlement to any real dividend. The stock tokens are third-party instruments that exist on Robinhood Chain; their value, redeemability and legal status are determined by their issuers, not by us.

Every payout is funded from fees paid by users of this protocol: 45% of each mint, half of each activation, 5% of each pool trade, raid listing fees and loan interest. That WOLF is swapped into stock tokens and distributed to active wolves.

It follows directly that early participants are paid largely out of fees paid by later participants. There is no external revenue. If minting, trading and activation slow down, payouts shrink proportionally. If they stop, payouts stop.

Do not model returns by extrapolating early payout rates. Early rates reflect a small number of active wolves sharing launch-period fees, and they will not persist.

45% of each mint price is escrowed in the NFT contract as that wolf's backing, and its owner can always burn the wolf to reclaim it. This is real, on-chain and verifiable.

But the backing is a fixed quantity of WOLF tokens, not a fixed amount of ETH or currency. If WOLF's market price falls 90%, your backing's value falls roughly 90% with it. A "rising floor" in WOLF terms is fully compatible with a collapsing floor in ETH terms.

The floor also depends on WOLF being sellable at all. WOLF trades in a single Uniswap V3 pool created at launch. That pool's depth is small; a redemption of any size may move the price against you significantly, or find no meaningful bid. Check the pool's actual liquidity before assuming your backing is convertible into anything.

The team received no pre-mine and no free allocation — its entire holding was bought on the open market in the launch block on the same terms as any other buyer. You should nonetheless know that the team has since sold the large majority of that position, and that its remaining balance is a very small fraction of supply.

The current balance of both team wallets is read live from the chain on the transparency page.

The contracts have had an internal security review — four issues were found and fixed — and ship with a passing test suite at roughly 90% statement coverage. That is not a substitute for a third-party audit, and we do not claim it as one. No independent security firm has reviewed this code.

Smart contracts can contain bugs that drain funds irreversibly. There is no insurance, no recovery mechanism and no one who can reverse a transaction. Source is published and linked from the transparency page; read it, or have someone you trust read it.

The contracts use a standard Ownable pattern. The owner key can change mint and activation pricing, change the revenue split, change the stock list, change loan parameters, set the metadata URI, and re-point internal wiring between contracts.

There is no admin withdrawal function for backing — but a malicious or compromised owner key could abuse the wiring controls to corrupt backing accounting and drain the escrow indirectly. Until ownership is renounced, holding a wolf requires trusting the owner key.

The complete list of owner powers, the address that holds them, and the plan to renounce ownership after the reveal are published on the transparency page.

Borrowing against a wolf has no margin calls and no liquidation bots, but it is not without consequence. Interest accrues continuously at 15% APR and nothing repays it automatically. Once the accumulated debt exceeds that wolf's entire backing, anyone may call foreclose(), which writes the debt off and reduces that wolf's backing to zero. You keep the NFT and its den wallet; you lose the floor underneath it.

A wolf with an open loan is also frozen: it cannot be sold, transferred or redeemed until the loan is repaid in full.

Randomness. Stock assignment at mint and the art reveal offset are both derived from block.prevrandao. This is influenceable by block producers in principle and is not a verifiable randomness beacon.

Swaps can silently skip. The swap adapter enforces a TWAP-derived minimum output and skips rather than reverts when a market is too thin or its oracle is not warm. Skipped boosts mean no payout that epoch; the funds remain for a later one.

Stock lineup can strand wolves. Wolves are assigned a stock at mint. If a stock is later removed from the lineup, or its market never becomes tradable, wolves assigned to it receive backing growth but no stock payouts until it is restored.

The 10-minute cadence is not guaranteed. boost() is permissionless and must be called by someone. We run a keeper, but it can stop for any reason, and nothing on-chain obliges anyone to call it.

Pool-held wolves. Wolves held by the AMM can be bought by anyone at the posted price, including after reveal makes their traits public.

Instruments that distribute stock-linked assets to holders may be treated as securities, collective investment schemes, or regulated financial products in many jurisdictions, including Türkiye, the EU, the UK and the United States. Wolf Street is not registered with or approved by any financial regulator anywhere.

Tokenized stock trading is restricted or prohibited for residents of certain jurisdictions. It is your responsibility to determine whether you may lawfully interact with this protocol and with the underlying stock tokens, and to meet any tax obligations arising from doing so. Acquiring, holding or disposing of wolves or stock tokens may be a taxable event where you live.

Nothing on this site is financial, investment, legal or tax advice. No return is promised, projected or guaranteed. Past payout rates say nothing about future ones. The protocol is provided as-is, without warranty of any kind, and no one is obliged to maintain the site, the keeper, the metadata host or anything else.