Risk disclosure

Operating a vault means managing other people's capital. Read this before you deploy. This section is general information, not legal or financial advice, and it does not cover every risk.

Fiduciary and reputational risk

Depositors trust your strategy, your honesty, and your reporting. A bad valuation, a missed settlement, or an unclear description damages depositor trust and your reputation as a curator, on top of any direct loss.

Smart contract risk

T3tris vaults are smart contracts. Bugs or exploits can cause loss of funds, including yours. An audit reduces this risk, it does not remove it.

Admin key risk

Whoever holds the vault admin can reconfigure fees, roles, and core addresses. A lost or compromised admin key can lock you out of your own vault or let an attacker misuse it. Secure it accordingly.

Valuation risk

You are responsible for reporting an accurate NAV. Deviation bounds catch large mistakes, they do not verify accuracy. A wrong or late valuation mis-prices depositors in the next batch, and you carry the liability for that.

Strategy and counterparty risk

If your strategy uses venues outside the vault's smart contract (CEX, OTC, RWA issuers, options counterparties), you carry the counterparty and custody risk of those venues. The protocol does not backstop losses that happen off-chain.

Regulatory risk

Depending on your jurisdiction and your depositors', operating a vault may trigger licensing, KYC, or compliance obligations. T3tris does not determine or enforce these for you.

No insurance, no bailout

There is no protocol-level fund to cover curator errors, exploits, or counterparty failures. Losses are borne by the vault and its depositors.

If you are not ready to carry these responsibilities, do not deploy a vault yet.