> For the complete documentation index, see [llms.txt](https://hyperlynx.gitbook.io/hyperlynx-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperlynx.gitbook.io/hyperlynx-docs/resources/risk-disclosure.md). # Risk Disclosure *Last updated: 2026-06-24* {% hint style="danger" %} Trading and providing liquidity on decentralized protocols can result in the **total loss of your funds.** Only ever commit what you can afford to lose entirely. This disclosure covers Hyperlynx as it is today **and the features on its roadmap** (perpetuals, outcome markets, and any future products). It is not exhaustive and is not financial advice. {% endhint %} This disclosure supplements the [Terms of Use](broken://pages/b6e438cb287f6b5a1f1a99bb93d2cbc58562b980). It applies to all current and future features of the Hyperlynx Platform. ## Scope — current and future features These risks apply to everything offered on the Platform now and to features added later, including **perpetual futures (planned)**, **outcome / prediction markets (planned)**, and any new product surfaces. Where a section is marked **(when live)**, it describes a feature that may not yet be available; the risks apply once it is. *** ## Risks that apply to everything 1. **Total loss.** You can lose some or all of your funds. There is no insurance, no deposit protection, and no recovery mechanism. 2. **Market risk.** Crypto and tokenized assets are highly volatile. Prices can move sharply and without warning. 3. **Slippage & price impact.** Your fill can differ from the quote, especially on large orders or thin pools. Large trades move the pool price against you. 4. **Liquidity risk.** Pools may be shallow, one-sided, or — especially around launch — **nearly empty.** You may be among the first or only liquidity providers. Low liquidity can make exiting a position difficult or costly. 5. **Impermanent loss.** Providing liquidity can leave you worse off than simply holding the two tokens, because the position rebalances as prices move. Fees earned may or may not offset it. 6. **Smart-contract risk.** The Platform's contracts and the protocols it integrates may contain bugs, vulnerabilities, or exploits. Code may be new, evolving, or unaudited. A flaw can cause permanent, total loss. 7. **Third-party & infrastructure risk.** The Platform depends on third parties it does not control — liquidity protocols, **swap aggregators**, **transaction relayers**, RPC and subgraph providers, **price oracles and data feeds**, and wallets. Failure, manipulation, downtime, or compromise of any of them can affect your trades or funds. 8. **Oracle, MEV & front-running risk.** Prices may rely on external feeds that can lag or be manipulated. Public mempools expose transactions to MEV, sandwiching, and front-running. 9. **Operational & technical risk.** You need $HYPE for gas. Network congestion, failed or stuck transactions, RPC outages, or interface bugs can prevent or distort execution. **All transactions are final and irreversible.** 10. **Regulatory & jurisdictional risk.** The legal status of decentralized exchanges, tokenized assets, derivatives, and prediction markets is uncertain and evolving, and varies by country. Access may be restricted where you are. **You are solely responsible for the legality of your use** (see [Terms of Use §9](broken://pages/b6e438cb287f6b5a1f1a99bb93d2cbc58562b980)). 11. **Anonymous-team risk.** Hyperlynx is built by an anonymous team. There may be no identifiable entity to hold accountable. The mitigant is verifiability: trades, positions, and claims settle on-chain where you can check them yourself. **Don't trust — verify.** ## Tokenized stocks 12. **Reference, not ownership.** Tokenized stocks are on-chain assets that *track* an equity's price. They are **not the security, not shares**, and give you no ownership, dividend, or voting rights. 13. **Price divergence & availability.** On-chain price and liquidity can deviate materially from any reference market. Trading hours, halts, corporate actions, and availability in your jurisdiction are not guaranteed and are outside Hyperlynx's control. ## The Hunt & $LYNX 14. **No guaranteed value.** Points have no monetary value and are non-transferable. Any airdrop allocation is a program design, **not a promise** of value, eligibility, or return. The program's rules, timing, and existence may change or may not occur. 15. **No token until TGE.** $LYNX does not exist as a transferable token before the Token Generation Event, and no price or future value is promised. **Anyone selling "$LYNX" before TGE is fraudulent.** After TGE, token value can fall to zero, and your share may be diluted. 16. **Opacity by design.** The per-point conversion and network totals are intentionally hidden until TGE. You are participating without knowing the eventual value of a point. ## Perpetual futures *(when live)* 17. **Leverage magnifies loss.** Perpetuals are leveraged derivatives. Leverage amplifies both gains and losses, and you can lose far more, far faster, than your initial margin. 18. **Liquidation.** Positions can be **liquidated automatically** if the price moves against you past your maintenance margin, resulting in the loss of your collateral. Liquidations can cascade in volatile or illiquid conditions. 19. **Funding & mechanics.** Funding rates, mark-price methodology, and routing can change the cost and behavior of a position. Derivatives are restricted or prohibited in many jurisdictions — see §10. ## Outcome / prediction markets *(when live)* 20. **Resolution & oracle risk.** Outcome markets settle based on an external resolution source. **Incorrect, delayed, disputed, or manipulated resolution** can cause you to lose your position even if you were "right." 21. **Legality & liquidity.** Prediction markets are restricted or prohibited in many jurisdictions (including the United States). They can be thinly traded, making entry and exit difficult. You are responsible for the legality of your participation. ## Acknowledgment By using the Platform you acknowledge that you have read and understood these risks, that you accept them fully, and that **you alone are responsible for your decisions and any resulting loss.** If you are not comfortable with these risks, do not use the Platform. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://hyperlynx.gitbook.io/hyperlynx-docs/resources/risk-disclosure.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.