> ## Documentation Index
> Fetch the complete documentation index at: https://docs.windrose.market/llms.txt
> Use this file to discover all available pages before exploring further.

# FAQ

> Short answers to the questions traders, creators and backers ask most about launches, currencies, vaults, fees and safety.

Short answers, with links to the pages that explain the reasoning.

## Launches and trading

<AccordionGroup>
  <Accordion title="Can the creator rug the launch?">
    Not through the protocol. The creator has no admin rights over the token or the curve: no mint, no freeze, no tax, no way to withdraw the curve's reserve. The only creator-specific action is claiming 30% of the trading fees. What a creator can do is buy a large share of the curve first (the dev buy) and sell it later, which is a market risk you can see on the token page: the first trade and the holder list are public. See [Risks](/safety/risks).
  </Accordion>

  <Accordion title="Can liquidity be removed after graduation?">
    No. The Uniswap v4 position is owned by a locker contract whose only function is to collect swap fees to the protocol's fee collector. It cannot decrease liquidity or transfer the position, and it has no upgrade path. See [Graduation](/concepts/graduation).
  </Accordion>

  <Accordion title="Why did my quote change between typing and signing?">
    Quotes come from the chain and refresh every few seconds. Someone else's trade, or a mint that moved a vault's fee state, changes the numbers. Your transaction reverts if you would receive less than the minimum shown, which is the quote less your slippage tolerance. Widen the tolerance for busier curves, or accept the occasional revert. See [Trading](/guide/trading).
  </Accordion>

  <Accordion title="What is price impact, and why is it red?">
    Price impact is the difference between your average price and the spot price before your trade. It comes from your own trade's size relative to the curve's depth, not from other people. The panel colours it red above 5% as a warning that you are moving the market a lot. See [Bonding curve](/concepts/bonding-curve).
  </Accordion>

  <Accordion title="Why is the trading fee 1%?">
    It is the protocol's price for the launch mechanism, split 30% to the creator and 70% to the protocol, and it is the same on every launch. It applies to curve trades only; after graduation, pool swaps pay Uniswap's 0.3%. See [Fees](/concepts/fees).
  </Accordion>

  <Accordion title="What does graduation change for me?">
    The curve closes, the raise and the reserved 25% of supply become a locked Uniswap v4 pool at the final curve price, and trading continues there. The in-app panel closes; you trade on Uniswap v4 with any compatible interface. The pool is quoted in the launch's currency coin, so for a rupee launch you need wINR. Your tokens are unchanged. See [Graduation](/concepts/graduation).
  </Accordion>

  <Accordion title="The curve is full but not graduated. What now?">
    The router graduates automatically after the filling buy, but if that inner call failed the token page shows a **Graduate now** button. Anyone can press it; it costs gas and nothing else. See [Graduation](/concepts/graduation).
  </Accordion>

  <Accordion title="Are there taxes or fees on transferring the token?">
    No. Launch tokens are plain ERC-20s with no transfer hooks. Fees apply only to curve trades, vault mints and redeems, and pool swaps.
  </Accordion>

  <Accordion title="Why does the chart or trade list say indexer offline?">
    History (candles, trades, holders, volume) comes from an indexer per network. When it is unreachable the page falls back to on-chain data for prices and balances and hides the history panels. Trading is unaffected. See [Trading](/guide/trading).
  </Accordion>
</AccordionGroup>

## Currencies

<AccordionGroup>
  <Accordion title="Can I launch in my currency?">
    If it is one of the 60 Windrose currencies, or the chain's dollar, or EUR where EURC is registered, yes. Any other ISO code is available as a display currency only: you can see prices in it, but not launch or pay in it. See [Currencies](/concepts/currencies).
  </Accordion>

  <Accordion title="What is wINR? Is it a stablecoin?">
    wINR is the Windrose Indian Rupee: an ERC-20 that tracks the rupee, minted from the chain's dollar at the oracle rate and redeemable the same way, backed by a dollar vault. It is not issued by a bank or a stablecoin issuer, and it is only as good as the vault's collateral and the oracle's rate. On the testnets the same coin is called acINR. See [Vaults](/concepts/vaults).
  </Accordion>

  <Accordion title="What happens on weekends?">
    FX markets close, the keeper's source stops changing, and after two hours the oracle rate counts as stale. Minting and redeeming keep working at the 1% stale fee instead of 0.3%. Backer deposits and withdrawals wait for a fresh rate. Trading on curves is unaffected. See [Oracles](/concepts/oracles).
  </Accordion>

  <Accordion title="What if the oracle rate is wrong?">
    Mints and redeems execute at whatever rate the oracle holds. A rate that is too high (too many units per dollar) lets minters get more coins than they should; a rate that is too low lets redeemers take more dollars. The 15% per-post move limit bounds how fast a bad keeper can move it; the owner can force a correction. This is the protocol's main trust assumption. See [Risks](/safety/risks).
  </Accordion>

  <Accordion title="Can I redeem when the vault is under-collateralised?">
    Yes, always. Redemptions are never blocked or paused. When the collateral ratio is below 100% every redemption is scaled by the ratio, so you receive that fraction of the oracle value before fees. The panel shows the haircut before you sign. See [Vaults](/concepts/vaults).
  </Accordion>

  <Accordion title="Why does the trade panel offer to pay with USDG instead of wINR?">
    Launches in a Windrose currency settle in the currency coin, but most people hold the chain's dollar. Paying with the dollar routes through the vault: it mints the coin at the oracle rate (0.3% fee) and buys in the same transaction. Paying with the coin directly skips the mint fee. See [Trading](/guide/trading).
  </Accordion>

  <Accordion title="Does the display currency change what I pay?">
    No. **Show in** only changes how amounts are displayed, using an off-chain FX table. What you pay and receive is always the launch currency or the dollar. See [Currencies and minting](/guide/currencies-and-minting).
  </Accordion>
</AccordionGroup>

## Backing

<AccordionGroup>
  <Accordion title="What do backers earn?">
    80% of every mint and redeem fee on the vault they back (0.3% per operation while the rate is fresh, 1% while stale). Fees stay in the vault and raise the share price. See [Earn](/guide/earn).
  </Accordion>

  <Accordion title="Can I lose my deposit as a backer?">
    Yes. Backers are short the currency against the dollar. If the currency strengthens, backer equity falls first, and a large enough move wipes it out. Coin holders are only haircut after backer equity is gone. See [Vaults](/concepts/vaults).
  </Accordion>

  <Accordion title="Why can't I withdraw right now?">
    Three reasons: the oracle rate is not fresh (wait for markets to open or the keeper to post), the vault's equity is zero or negative (nothing to withdraw against), or your withdrawal would push the collateral ratio below the minimum (the panel shows the largest amount that works). Withdrawals are never paused. See [Earn](/guide/earn).
  </Accordion>

  <Accordion title="Is there a lock-up?">
    No. There is no minimum term and no exit fee. The constraints are the ones above.
  </Accordion>
</AccordionGroup>

## Creating

<AccordionGroup>
  <Accordion title="Can I change my token's name, image or currency later?">
    No. Name, symbol, description, image and currency are written on-chain at launch and fixed. Check the symbol before you sign. See [Create a token](/guide/create-a-token).
  </Accordion>

  <Accordion title="Where is my token's image stored?">
    On-chain, inside the launch metadata, as a WebP of at most 20 KB that the app prepared in your browser. There is no server or IPFS pin to disappear. See [Create a token](/guide/create-a-token).
  </Accordion>

  <Accordion title="How do I claim creator fees?">
    From the **Creator fees** card on your token page (visible only to you) or from the [Portfolio](/guide/portfolio). Fees are paid in the launch currency and there is no deadline.
  </Accordion>
</AccordionGroup>

## Safety

<AccordionGroup>
  <Accordion title="Has Windrose been audited?">
    No. The code is tested and open, but no external audit has been completed. See [Risks](/safety/risks).
  </Accordion>

  <Accordion title="Who controls the protocol?">
    The deployer account owns the registry, factory, vaults, oracle and locker through two-step ownership, with no timelock or multisig in front of it yet. Curves and tokens have no owner. The owner cannot touch existing launches, remove locked liquidity or pause redemptions. See [Risks](/safety/risks) for the full list of owner powers.
  </Accordion>

  <Accordion title="Do testnet tokens have any value?">
    None. They can be minted freely and may be wiped by a redeploy. See [Testnets](/guide/testnets).
  </Accordion>
</AccordionGroup>