Risks

The parts that will hurt if you ignore them.

Stated plainly, because nobody else in the chain will state them for you:

  • The program is unaudited. There is no audit report and no bug bounty. Anyone who tells you otherwise is not talking about this protocol.
  • Decay is a guaranteed haircut for anyone who does not claim daily. 5% per cut, compounding, on every unclaimed voucher.
  • Keeper liveness is a dependency. If no keeper runs settle_and_claim, accruals pause and nothing settles.
  • Emission and difficulty are set by the protocol authority and can change. Your projected yield is a projection, not a promise.
  • SOL stake is locked until unstake. There is no instant exit and no guarantee of exit liquidity.
  • Voucher value depends on API price feeds and gateway availability. A stale feed or a down gateway makes vouchers worth less or nothing.
  • Smart contract bugs can lose funds. Locked SOL and escrowed vouchers are only as safe as the program, which has never run in production.
  • Nothing here is financial advice. This is an experimental protocol.