TERMS

Terms

Short, plain and honest. Poncho is software you use with your own wallet, against contracts nobody can reverse for you. Read the two sections on finality and risk even if you skip the rest.

What Poncho is

Poncho is a set of contracts on Robinhood Chain and a static website that reads them. A provider lists an API route and a price. Anyone deposits USDG into the vault and authorizes an agent key. The agent signs a spend note for a quoted call, the provider serves the call and settles the note on chain, and the protocol keeps a fee.

Poncho does not host, serve, proxy, review or vouch for any provider's API. It moves the money and writes the receipt. That is all it does.

Using the site

You may use Poncho if you can enter a binding agreement where you live and using it is lawful there. You are responsible for your own wallet, your own keys, your own agent keys and everything signed with them.

Do not use Poncho to pay for anything unlawful, and do not list a service that delivers it. The contracts are permissionless and cannot stop you; these terms can, and this is where you are told not to.

Balances and agent keys

USDG you deposit stays yours. You can withdraw whatever is not spent, at any time, without asking anyone.

An agent key you authorize can spend your balance up to the cap you set, per epoch, until the expiry you set. That is the whole point of the cap: a hot key never holds funds and can never drain the balance behind it. Choose the cap and the expiry deliberately, and revoke a key you no longer use. A note your agent signed before you revoked the key can still be settled until its deadline passes.

Settlement is final

A settled note is final. When a provider settles a note on chain, USDG moves from your balance to the provider's earnings and the protocol takes its fee. There is no chargeback, no dispute process and no support desk that can reverse it. Nobody, including the owner of the contracts, can take the money back on your behalf.

A provider may refund a settled note inside seven days of settling it, using the refund function on the vault. That is the provider's choice, not a right you hold: the contract lets them do it, and nothing compels them to. After seven days the contract refuses the refund and the note cannot be undone by anyone.

Providers

Listing a service is permissionless. If you list one, you are the seller: you describe your route honestly, you publish a price you will honour, and you serve the call you were paid for. Verify a note before you serve it and settle notes you have banked before their deadline passes.

The protocol takes a fee from every settlement, set on the vault and capped by the contract. Staking $PONCHO lowers it by tier once the token exists. The current fee and the current tiers are read from the chain on the protocol and coin pages; those pages, not this one, are the authority.

The site hides a service the owner has flagged as spam. The chain keeps it, because the chain keeps everything. Hiding it here is not a refund, a judgement or an appeal.

Requests and bounties

Posting a request escrows the bounty in the contract. Anyone may add to it. While the request is open, the requester decides which proposing service wins, and the contract pays that service owner the bounty minus the fee. After the deadline, an open request can be reclaimed: the requester takes back their own amount and each backer takes back theirs.

An awarded bounty is final in the same way a settled note is. Award deliberately.

$PONCHO

$PONCHO is a community coin that trades on ponsfamily.com. It is not an investment, not a security, not a claim on anything and not a promise of a return. Its only role in the protocol is the provider fee tier and the share of protocol fees a staker can claim, both of which the owner can change inside the caps written into the contracts. Until the token address is set, staking reverts and the fee discount is zero, and this site says so rather than showing you a number.

Risk

This is software that moves money without an intermediary, so the risks are real and they are yours:

• The contracts are not audited. They can contain bugs, and a bug can lose funds.
• USDG is issued by a third party. Its value, its availability and its rules are not Poncho's to control.
• Robinhood Chain can halt, reorganise or change. Transactions can fail or be delayed.
• A provider can take payment and serve a poor answer, or stop answering. Poncho cannot force a refund.
• A key you lose is lost. There is no recovery, no reset and no support that can restore access.
• Anything you sign with your own wallet is your own act, including anything an agent signs with a key you authorized.

Do not put in more than you are willing to lose.

No warranty, no liability

Poncho is provided as it is, without warranty of any kind, express or implied, including fitness for a particular purpose. To the fullest extent the law allows, nobody involved in building or publishing Poncho is liable for any loss arising from using it, including lost funds, lost profits or lost data.

Nothing here is financial, legal or tax advice.

Owner powers

The owner of the contracts can change the fee inside the cap, change the fee sink, set the staking tier source, set the listing fee inside its cap, flag a service, and pause new settlements. The owner cannot take your balance, cannot spend a note you did not sign, cannot mint anything and cannot stop a withdrawal. The protocol page lists every one of these powers with the limit the contract puts on it.

Changes

These terms can change. The version at this address is the one that applies, and the release date below says which release it was checked against. Continuing to use Poncho after a change means you accept it.

Contact

Write to hello@poncho.cash.

Checked against this release on 23 Sep 2026 .