FAQ

Quick answers to the questions people ask most about Shinsu.

What is a Shinsu token?

A Shinsu token is a token that gives you leveraged exposure, long or short, to an asset, without you having to run a margin account yourself. You buy it when you want exposure and sell it when you want out.

See Use Cases for ways it can be used.

What is the difference between long and short?

Long tokens are for when you think the asset will go up. They gain when it rises and lose when it falls. Short tokens are the mirror image. They gain when the asset falls and lose when it rises.

Do I keep my exposure while a close is queued?

Once an immediate close executes, your shares are burned and your exposure ends. If the USDC transfer is queued afterward, you are no longer exposed to market moves. A limit close is different: your shares remain exposed in escrow until its price condition is met and the close executes.

How long does a close take?

In practically every case it is immediate: you receive your USDC straight away. Waits are rare exceptions, and a queued request remains recoverable.

Can I cancel a close?

Yes, while the close is still queued and unpaid. Cancelling reopens your position and gives you back leveraged-token exposure instead of USDC.

What are the fees?

There is an opening fee when you buy and a flow fee that accrues while you hold. See Fees for the rates and how they apply.

Is Shinsu custodial?

Shinsu does not ask you to hand control of your wallet to an operator. You authorize transactions from your wallet; the on-chain program can hold assets in its vaults or escrow while it carries out orders and manages the positions backing tokens. Access to those assets follows the program's rules. See Placing Orders and Closing for when assets move.

Has the protocol been audited?

Not yet. The protocol audit will be completed before mainnet launch, and the report will be published. See Audits for the latest status.