08 · Risks

Risks

The honest list, including the parts that are worse on Solana than they were before.

Read this one properly. It is the page we would least like you to skip.

The tokens you are buying are somebody else's obligation

The stocks are xStocks, issued by Backed, not by Crumble. Their value depends on that issuer continuing to exist, to honour the tokens, and to hold whatever backs them. If they fail, self-custody does not save you: you would be holding a token nobody stands behind.

We list what trades on Solana. We do not audit the issuer and we are not in a position to vouch for them.

Impostor tokens

The app pins every mint by address and re-checks four properties on every load, so it will not trade into a look-alike. That protection ends where the app does: if you paste a mint yourself, or use another interface, you are on your own. The real addresses are in Addresses.

There is no contract, which cuts both ways

No program means no admin key, no upgrade authority, no pause switch and no bug of ours that drains anything. It also means no on-chain ceiling on the fee. The old chain's contract enforced a maximum; nothing enforces one here except that the number is in the receipt before you sign. Read it.

Prices move

Tokenized stocks can fall, and so can everything else you might swap. Nothing here is advice, nothing is a forecast, and small regular purchases do not protect you from a falling market. They just make the buying boring, which is the only honest claim we have.

Your basket starts lopsided

A crumb buys one leg, so after your first round-up you hold one stock, not four. The app always buys whichever leg is furthest behind, so the basket converges on your weights over several swaps, but early on you are concentrated in whatever it bought first. If you make three round-ups and stop, you will own three legs at odd proportions. That is a real consequence of the design, not a bug.

Slippage and liquidity

Your crumb is small, and small orders are cheap to fill, but pool depth varies by stock and by hour. If the price moves past your slippage setting the whole transaction reverts: you lose the network fee and nothing else. Thin liquidity on one leg can also mean a worse fill than the headline price.

Costs can outweigh a small crumb

The first purchase of each stock needs a token account, and that costs about 0.0015 SOL as a refundable deposit. On a 58 cent crumb that is a meaningful share of the money, one time per stock. If you are going to round up once out of curiosity, the arithmetic does not favour you.

Solana itself

The network has had congestion and outages. Under load, transactions can fail or expire; a failed transaction costs the network fee and changes nothing else. Your holdings sit in your own wallet throughout and are not affected by the app being unreachable.

You are your own custodian

Nobody at Crumble can recover your wallet, reset a seed phrase or reverse a transaction. Lose the phrase and the holdings are gone, permanently. That is the price of the rest of this page's good news, and it is not a small one.

Rules change

Tokenized equities sit in a moving regulatory picture that differs by country. Access, listings and the issuer's own terms can change in ways neither we nor you control.