FAQ
Short answers to the questions a treasurer asks before committing collateral. Each links to the page that owns the detail. For orientation — Sandbox, custody, what you trade — see the get-started FAQ (~2 min).
What are the risks, and how is my collateral protected?
Your trade is opened against the CRX Network, and the risk engine locks collateral on both sides in one transaction — your margin and the other side's lock together, or nothing opens. No one trades on credit. Your collateral sits segregated in the on-chain vault, never on CRX's balance sheet, never lent or reused. If the other side's collateral no longer covers its book, the risk engine closes it out at the oracle mark and pays you from the closed-out party's locked collateral, never from yours.
Sandbox environment. CRX runs today in a Sandbox on Base Sepolia, where balances carry no production value, and an independent security review is underway; treat every property as a stated design property until its report publishes. The full list, risk by risk: Risk Disclosures (~4 min).
Will it be straightforward for my accountant to handle?
Yes. An NDF is a cash-settled forward: nothing is delivered, no local currency moves, and every flow is in USDC. The books carry three kinds of entry — the margin you post (your own asset, returned when the trade ends), the variation margin that clears P&L into your balance, and the settlement payment at maturity. Every one is a timestamped transaction on a public chain, and the app lists your trades and settlements under History, each backed by a timestamped transaction on a public chain.
Tax treatment depends on your jurisdiction. CRX does not give tax advice.
Can I plug CRX into my own systems?
Yes. There is no private data layer to integrate against: every position, margin move, and settlement is a public on-chain record you can read or index directly, and the relayer exposes a REST API for quoting and trade history. A treasury system that can call an API or read a chain can carry CRX positions alongside everything else. Start at Quick Start (~5 min).
How would I access my funds if CRX disappeared?
Directly, with your own key. Your collateral is held by the smart contract on Base, a chain CRX does not operate — it is never on CRX's balance sheet. Two paths stay open with no operator:
- An open position still ends. Settlement and the co-signed close are direct contract calls: the signatures land on-chain and free both sides whole, even with the relayer and every bot offline. See Closing Early (~3 min).
- Your free balance is still withdrawable. The contract carries a direct
withdrawcall that pays your own address. The gasless route in the app is a convenience, not the only door.
How long does a withdrawal take?
One signature, no waiting window. You sign a withdrawal intent in the app — no gas — and the relayer releases the collateral on-chain to an approved recipient. There is no banking cut-off, no business-day window, no settlement queue.
You can withdraw your free balance only: margin locked under an open position returns when that position settles or closes, and pending variation-margin gains are realized into your balance first, so profit comes out with the rest. The click-path: Withdraw (~1 min).
What are the fees?
There is no platform fee. The firm price you accept is the whole cost of the trade: the rate carries the spread, and nothing is charged on top.
- Margin is not a fee. It is your own collateral, segregated and returned when the trade ends.
- Requesting a quote costs nothing. An unsigned quote simply expires.
- Withdrawals are gasless. You sign; the relayer pays the gas.
Sandbox terms. Nothing here is a commitment to production pricing.
Next: Eligibility (~3 min) — who can trade, and how onboarding runs.