Reference
Risks & security
DeFi yield is never risk-free. Here's an honest rundown of what can go wrong, what the vaults do to mitigate it, and what stays your responsibility.
Not financial advice
Smart-contract risk#
The vaults, strategy, and zapper are smart contracts. As with all DeFi, there is inherent risk that a bug, an economic exploit, or an issue in an underlying protocol (the DEX, the gauge) could lead to loss of funds. The code is non-custodial and on-chain, but “non-custodial” does not mean “risk-free.”
Impermanent loss#
Providing liquidity to a token pair exposes you to impermanent loss— when the two tokens' prices diverge, the value of your LP position can be lower than if you had simply held the two tokens. Concentrating liquidity increases fee earnings but can also increase impermanent loss when the price moves through the range. The vault tracks your position versus simply holding, so you can see how it's playing out.
Out-of-range periods#
A concentrated-liquidity vault only earns while the price is inside its range. Sharp moves can push it out of range until the strategy re-centers, during which it isn't earning emissions. The strategy re-centers automatically, but it can't do so during extreme volatility (see below).
Market volatility & the calm check#
To defend against price manipulation and MEV, deposits, zap-ins, and rebalances are blocked when the market isn't calm(when spot price has diverged too far from the time-weighted average). This protects you, but it means there are moments when you can't deposit and when re-centering is paused. Withdrawals are never blocked.
Slippage & price impact#
Deposits, withdrawals, and zaps involve on-chain swaps that move the price slightly. Every action on this site includes a minimum-output guard so you can't be filled far below the preview, but large transactions still carry more price impact. Size single-asset zaps sensibly.
Token & depeg risk#
You are exposed to the underlying tokens in each vault. If a token loses value, de-pegs, or fails, your position is affected regardless of the vault mechanics. Choose pairs you're comfortable holding.
Automation assumptions#
Compounding and re-centering rely on keepers calling the contracts. Harvesting is permissionless (anyone can do it, and is paid to), which reduces reliance on a single operator — but if no one harvests or re-centers for a while, yield and range management are delayed.
Audits & contract verification#
Audit status: to be published
All contracts are deployed on BNB Smart Chain and can be inspected and verified on BscScan. The canonical, machine-readable addresses are published via the developer APIso you can confirm you're interacting with the right contracts.
How to stay safe#
- Verify the site URL and contract addresses before transacting.
- Start small to get familiar with the flow.
- Keep some BNB for gas so you can always withdraw.
- Understand the pair you're depositing into.
- Remember the vault is non-custodial — your keys, your funds.