Mechanics
Halts, pauses and freezes
What Rind does during exchange halts, issuer pauses of a Stock Token, and chain outages.
Some events stop normal trading. In every case below, Rind does the same thing: nothing fires, and the high-water mark is preserved.
The rule
When Rind cannot trust the price or cannot sell the token, the position is frozen.
- No new observations are taken.
- The high-water mark stays exactly where it was.
- The stop cannot fire.
- You can still withdraw, unless the token itself cannot be transferred.
When conditions return to normal and a fresh price is available, the stop re-arms from the same high-water mark.
Exchange halts
US exchanges can halt trading in a single stock. Common reasons are pending news, a volatility pause, or a regulatory halt. During a halt, the reference feed does not update with new trades.
Rind treats a halted stock like a closed market. The position is frozen. When trading resumes, the first fresh price is used. If it is below the trigger, the stop fires on that observation and sells at the available price.
Night mode does not override a halt. Rind does not read the on-chain pool during an exchange halt, because the pool has no reliable price to follow.
Issuer pause or freeze of a Stock Token
Stock Tokens are issued by Robinhood Assets (Jersey) Limited. The issuer can pause transfers of a token, or freeze specific addresses, under its own terms. Rind does not control this.
| Issuer action | Effect on your position |
|---|---|
| Token paused globally | Frozen, no trigger, HWM preserved |
| Vault address frozen | Frozen, withdrawals also blocked until lifted |
| Your address frozen | Depends on the issuer's rules for that token |
| Corporate action (split, merger) | Frozen until the feed and token reflect the change |
A frozen sale is safer than a forced one. Rind will never try to sell a token at a price it cannot verify.
Corporate actions
Stock splits, reverse splits and other corporate actions change the price scale. Rind freezes affected positions until the reference feed and the token reflect the new terms. The high-water mark is then adjusted by the same ratio, so a 2-for-1 split halves both price and mark. This avoids a false trigger.
Chain outages
If Robinhood Chain stops producing blocks, or the sequencer is down, no transactions settle. Keepers cannot fire stops and you cannot withdraw until the chain resumes.
When blocks resume, Rind requires fresh prices again before any stop can fire. A stale price from before the outage is never used.
Oracle failures
If the Chainlink feed stops updating during market hours, observations fail the 60-second freshness check. The position is frozen until a fresh update arrives. See Price references.
Frozen means waiting, not lost. The high-water mark you earned before the event is still there afterwards.