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Understand Every Number Before You Act

Plain explanations of quotes, slippage, Stock Tokens, approvals and transaction states, written for people planning trades on chain 4663.

The chain, briefly

Chain 4663 is an Ethereum layer 2 run for Robinhood. Gas is paid in ETH and a swap costs well under a cent; a new block lands about ten times per second. The first site that needs it asks your wallet to add the network. Your usual address works here too, with balances that are separate from mainnet.

Reading a quote

Ordiq asks the Uniswap quoter contracts a simple question: if this exact swap ran now, what would come out? The answer is simulated with eth_call, so it changes nothing on chain, and it is tagged with the block it describes. Other traders keep swapping, so treat the number as a photograph, not a promise; your slippage limit is what protects you. Try the planner.

Slippage and your floor

Slippage tolerance sets a floor under the quote. Quote 1,000 USDG with 1% tolerance and the floor becomes 990; should the pool offer less when your transaction executes, it reverts and costs you gas only. Loose tolerances on shallow pools invite bots to trade in front of you, so keep it as tight as the pool lets you.

Fee versus impact

Two different things eat into your output. The pool fee is fixed, a percentage that liquidity providers keep (0.05% and 0.3% are common). Impact is the price shift caused by your own order and it grows with size. The planner splits them and adds a total, so you can tell whether a smaller order or a deeper pool would help; neither ever changes the fee.

Stock Tokens without the hype

These ERC-20 tokens are created by Robinhood to mirror a listed share or fund. What you hold is a claim defined by Robinhood's terms rather than a share in the company. Robinhood's contract keeps strong powers: freezing transfers, barring specific wallets, replacing the code, destroying balances. Ordiq states those powers on each one. Exchanges keep hours and pools do not, so weekend prices can wander. See the list.

Approvals deserve a look

Letting a swap contract move your tokens takes a separate permission. Plenty of apps request an unlimited one, which stays open long after you stop using them. Wallet Controls lists the permissions you granted to the Uniswap contracts here, Permit2 included, and lets you cancel each with one signature.

Four ways a transaction ends

Every address numbers its transactions (the nonce) and the chain processes them strictly in order, so one that stalls blocks the ones after it. Pressing speed up or cancel in a wallet sends a fresh transaction carrying the same number; when that one lands, the original can never execute and becomes replaced. A failed transaction did execute, reverted, and still paid for gas. Follow yours in the Execution Monitor.

Brand-new tokens

Launching a token and seeding a pool takes minutes, and fresh launches are where most losses happen: some block selling, some hide a way to print more supply, many simply fade. Ordiq scans the code for common danger signs, yet a clean scan guarantees nothing, because owners can change behaviour later. Browse new pools with that in mind.

Questions

What is Ordiq?

Ordiq is a trade planning terminal for Robinhood Chain. It shows live DEX markets, quotes a trade from on-chain pool state without sending anything, keeps your plans and their outcomes in an order workspace, and follows your transactions until they confirm, fail or get replaced.

Does Ordiq execute trades or hold funds?

No. Quotes are eth_call simulations against the Uniswap quoter contracts; it changes nothing on chain. Ordiq has no deposit address and never asks for a key. You trade in the DEX or wallet you choose; Ordiq helps you plan before and keep a record after.

Where do the numbers come from?

Quotes, pool prices, token facts, balances and approvals are read from Robinhood Chain directly. Pool lists, 24h volume and candles come from GeckoTerminal's public API, and ETH/USD from Chainlink on chain. Every list shows when it was read.

Is a quote a promise?

No. A quote is what the pools would give at one block. The next block can differ, and a large trade moves the price more than a small one. That is why a plan carries a slippage limit and a minimum received: if the chain cannot meet them, your wallet's transaction reverts instead of filling worse.

What does anchoring a plan prove?

That your address published this exact plan hash at that block, before the trade, and later the hash of what happened. It does not prove the plan was good or the outcome text is true. The journal contract is not deployed yet, so anchoring runs as a practice signature kept in your browser.

Are conditional orders available?

Not yet. Limit and trigger-based orders need infrastructure that watches prices and acts with scoped permission from your wallet; that is planned. Today a plan can hold a condition written in your own words, and you decide when to act on it.

How do I buy $ORDIQ?

$ORDIQ has not launched yet. It is planned on the Pons launchpad on Robinhood Chain; the contract address will be published on the token page and on @ordiq at launch. Until then, any token using the name is not ours.

Which network is Ordiq on?

Robinhood Chain (chain id 4663), an Ethereum layer 2 that uses ETH for gas. Wallets that support custom networks add it in one step from the connect dialog.

What are the risks?

Quotes change every block, thin pools move hard, and some tokens let you buy yet refuse every sale. Token names and tickers can be copied by anyone. $ORDIQ utility such as automation credits, premium analytics and API access is planned, not live, and the token carries no claim on fees or revenue. Nothing on this site is investment advice or a trading signal.

On-chain trading can lose you money.

Ordiq helps you plan, price and follow a trade; the trade itself is yours, signed in your own wallet after you have read it. A quote describes the pools at a single block and may be stale a moment later. Shallow pools swing sharply, and some tokens let you in but never out. A Stock Token tracks a share's price yet is Robinhood's token, not the share. No page here is a recommendation, signal or advice.

Ordiq is independent of Robinhood and of Uniswap. It reads Robinhood Chain (ID 4663) directly for quotes, pool state and the Chainlink ETH price, and uses GeckoTerminal for pool lists and candles; each figure carries its read time. Ordiq will never request your recovery words.

Official $ORDIQ tokenContract address coming soon

Tokens elsewhere that borrow the Ordiq name are not ours.