Risk Disclosure

General Acknowledgment

By using the Welsh Street Exchange (the “Service”), you acknowledge and agree that participation in cryptocurrency trading, liquidity provision, and related activities involves high risk. The following disclosures are provided to help you understand those risks. This Risk Disclosure is provided for informational purposes only and does not replace professional advice.

Market & Price Risks

• Cryptocurrencies, especially meme tokens, are highly volatile and may experience extreme and unpredictable price fluctuations.
• You may incur total loss of funds invested or provided as liquidity.

Liquidity Risks

• Liquidity pools may experience high slippage, imbalance, or insufficient depth.
• You may not be able to withdraw funds at the same value or ratio you deposited.

Impermanent Loss

• Providing liquidity to pools exposes you to impermanent loss.
• You may withdraw fewer assets than initially deposited.

Smart Contract & Protocol Risks

• Smart contracts may contain vulnerabilities, bugs, or may be exploited.
• Even with audits, risks cannot be eliminated.
• Contracts operate “as is”, and behavior may differ from documentation.

Custody & Key Management

• You are solely responsible for your wallet, private keys, and seed phrases.
• If you lose access, funds cannot be recovered. The Service has no custody of your assets.

Network Risks

• Blockchain networks may experience congestion, forks, reorganizations, outages, or gas fee spikes.
• These issues may cause transaction delays, failures, or unexpected costs.

Oracle & Price-Feed Risks

• Data provided by oracles or third-party APIs may be delayed, inaccurate, or manipulated.
• Reliance on external price feeds involves risk outside our control.

Regulatory & Tax Risks

• Laws and regulations governing cryptocurrencies are evolving.
• You are solely responsible for ensuring your activities comply with applicable laws, and for reporting and paying any taxes.

No Guarantees or Warranties

• The Service is provided without any warranties of accuracy, availability, or reliability.
• Past performance does not guarantee future results.