Disclosures
Risk disclosures
Every disclosure EtherFamily shows before a decision, in one place.
No advice
EtherFamily does not provide investment, legal or tax advice and does not claim that using these markets is lawful where you are.
The app shows each of the 37 texts below word for word, on the page where it affects a decision (the launch form, a token's page, the trade confirmation, the claims page or the portfolio) and before the button it concerns. Here no single market is in view, so values that differ between markets appear in general wording, underlined like this, or as a placeholder; a market's own pages fill them in from the chain.
In short
- Nothing is deployed yet, and EtherFamily's contracts have not been audited. Status
- You can lose everything you put in. Locked liquidity is not a price floor. The permanent lock
- The asset a market trades against can be frozen or changed by its issuer, and the lock does not protect against that. Stock quotes
- Perp shares rely on a venue whose operators control the collateral, and on valuations signed by attestors; perps are disabled. Perp vault shares
- Bots can still buy first when a market opens. The opening window
- USD values are marks, not prices you can trade at. Execution prices and USD marks
- EtherFamily and outside parties keep some powers over markets. Admin powers, External powers
Every market
Permanent liquidity lockD-LOCK
The launch liquidity sits in one Uniswap v4 position that no one can withdraw: not the creator, not EtherFamily, not an upgrade. The lock covers only this canonical position. Other pools of this token, created by anyone else, are not EtherFamily markets and are not locked.
Permanent launch choicesD-IRREVERSIBLE
These choices are permanent for this token: the paired asset, the fee tier and where the creator share goes (to you or to holders). No one can change them later.
Trading feeD-FEES
Every trade in this market pays a fee tier fee in the quote asset, taken from what you send when buying and from what you receive when selling, whatever app or router you use: EtherFamily share to EtherFamily and creator or holder share to the creator or holders. Uniswap governance may add a protocol fee of up to 0.1% per trade direction; it is currently current protocol fee.
Opening valueD-FDV
Opening value: effective opening value (nominal $4,000). Prices move in discrete ticks, so the real opening value differs from the nominal one by up to about 0.3%.
Opening windowD-WINDOW
Trading opens at block release block. Until then only the creator's optional first buy, made inside the creation transaction, can trade. The delay does not stop bots: they can still buy first when trading opens.
Creator's first buyD-DEVBUY
The creator's first buy pays the normal fee, but the creator/holder part of that fee comes back: to the creator as fee recipient, or, when fees go to holders, to whoever holds the first buy's tokens, the only tokens that earn when trading opens. Its net cost is the EtherFamily part only.
Selling unavailable at the opening priceD-SELL-EDGE
Selling is unavailable right now: the pool holds none of the quote asset until someone buys.
USD marksD-USD-MARK
USD values are marks: the pool price times the current USD price of the quote asset. They can change without any trade and are not the price you would get. Your executable price is shown in the trade preview.
Conversion routeD-ROUTE
This trade goes through route, hop by hop. Route availability and depth change from block to block. If no route is available you can still trade directly in the quote asset. You receive at least minimum output or the trade reverts.
Price far from the referenceD-REFERENCE
This route prices the quote asset deviation away from an independent reference (reference source). Confirm to continue.
Token identityD-IDENTITY
Names and symbols are not unique. This token is identified by its address token address, its pool pool id and its creator creator address.
Who can change this marketD-GOV
EtherFamily can change settings for future launches through a 48-hour timelock, plus a guardian that can pause new launches. Through the same timelock it can also change which instant-exit buffer (perp shares) or issuer-screening adapter (stocks) EtherFamily's router uses for this market; that never moves funds or changes amounts. It cannot change this market's price, fee, split, fee recipient or locked position. Outside parties can still affect it: the issuer of the quote asset, Uniswap governance and price-feed operators. For perp-share markets EtherFamily also administers the vault behind the quote asset: see below.
No adviceD-NO-ADVICE
EtherFamily does not provide investment, legal or tax advice and does not claim that using these markets is lawful where you are.
Holder-rewards markets
Holder rewardsD-REWARDS
Holder rewards are paid in the quote asset. Tokens you buy or receive from the pool start earning from the first action in a later block, so you do not earn from your own buy. When you sell you keep everything earned while you held. If no one holds at least one whole token, rewards wait and go to the next holders who held across a block. A holder that borrows tokens from another contract for one transaction can take that lender's share for that transaction.
Reward concentrationD-CONCENTRATION
Rewards are shared by balance. The creator holds creator's share and the top 10 holders hold top 10 holders' share of the tokens that currently earn.
Contract accounts claim for themselvesD-CONTRACT-CLAIM
This address is a smart contract or delegated account. Rewards cannot be pushed to it; it has to claim for itself.
Stock-quoted markets (Ondo Global Markets tokens)
A tokenized note, not a shareD-STOCK-NATURE
The stock token is a tokenized note issued by Ondo Global Markets (BVI) Limited, not a share. It gives no shareholder rights and depends on the issuer. Its price tracks the total return of the underlying stock (dividends reinvested net of withholding), so it differs from the share price.
Issuer powersD-QUOTE-POWERS
The issuer can pause the stock token or block addresses at any time, and can change the token's code for all its stock tokens after a 2-hour delay. A pause or block can stop trading in this market and stop fee and reward claims. EtherFamily's permanent liquidity lock does not protect against that.
Market hoursD-STOCK-HOURS
This pool trades around the clock, but the issuer's own market (creation and redemption) keeps market hours and pauses for corporate actions. Outside those hours the pool price can drift from the stock.
No issuer redemption through EtherFamilyD-STOCK-REDEEM
EtherFamily cannot redeem the stock token with the issuer. Redemption requires the issuer's own onboarding. Your exits are selling in pools.
Screening, not enforcementD-SCREENING
EtherFamily's router and fee payouts check the issuer's pause, blocklist and sanctions lists for this asset. This is a courtesy check, not enforcement: other apps can trade this pool.
USD source of a stock tokenD-STOCK-USD
USD values for the stock token use USD source.note when the value is approximated from the share pricenote when no USD reference exists
Prohibited personsD-STOCK-ELIGIBILITY
The issuer prohibits certain persons from acquiring its tokens, including in secondary trading: among others, persons in or from the United States and Canada and sanctioned jurisdictions, with further restrictions in other regions. By continuing you confirm you are not a prohibited person. This confirmation is not a check by EtherFamily.
Perp-share-quoted markets
What a perp share isD-PERP-NATURE
A perp share is a share of an EtherFamily vault that holds a long or short BTC or ETH perpetual position targeting a fixed leverage on Synthetix, a hybrid venue: collateral is on Ethereum but matching, margin and liquidations happen off-chain. The share's value is an attested net asset value, not an on-chain proof.
Not a hedgeD-PERP-HEDGE
Holding this token is not a hedge. The share's direction changes this token's USD value, but pool prices depend on trading.
No claim on the pool's assetsD-PERP-NO-REDEMPTION
Holding this token gives no right to a share of the pool's assets. Its price is set by trading in the pool, with slippage.
Constant leverageD-PERP-LEVERAGE
Constant leverage loses value in choppy markets (volatility decay), pays or receives funding every hour, and can still be liquidated in a fast move. Rebalancing does not prevent liquidation.
Venue custodyD-PERP-CUSTODY
Collateral is held by the venue's deposit contract, which the venue's operators can pause, upgrade or pay out without a timelock, and whose withdrawals have been paused for up to 15 days at a time. The venue's terms let it suspend accounts at its discretion and say that assets may then be lost. Exits can be delayed.
Exits from a perp shareD-PERP-EXIT
Selling this token gives you perp vault shares. Turning shares into USDT is instant only through the vault's buffer, when one is enabled and has capacity, at a live price minus a spread of about buffer spread. Otherwise you request a redemption: it settles at the next epoch's report and is paid once the venue has returned the collateral, which the venue can pause or dispute. While the vault is active an emergency exit is always available, but it pays only your share of the USDT the vault holds on-chain and gives up the rest.
Vault administrationD-PERP-ADMIN
EtherFamily administers the vault behind the perp share through a 48-hour timelock: it can change the vault's bounded parameters, its operator and venue managers and, with 7 more days, its attestors, and it can wind the vault down after at least 7 days' notice. A guardian can pause deposits, and can halt redemption processing, the instant buffer and new venue deposits for up to 72 hours once a week. None of them can send the vault's on-chain USDT anywhere except into its own venue account, or stop redemption requests, claims or the emergency exit. These powers change what the perp share is worth and what it tracks, although this market itself cannot be changed.
Costs of the exposureD-PERP-COSTS
At recent rates (as of date of the rates) holding this exposure costs about funding rate a year in funding (negative: the vault receives it) and rebalancing drag in rebalancing drag of the vault's value; neither goes to EtherFamily. Deposits and redemptions settle once per epoch and pay a swing of up to maximum swing for the trading their net flow causes; on small net outflows part of the venue's fixed withdrawal fee is paid by the vault.
Wind-downD-PERP-WIND-DOWN
This vault wind-down time or reason. From then on the perp share no longer tracks a leveraged position: it is a claim on the USDT the vault recovers. Any holder of shares, including shares later bought out of this pool, can redeem them at any time for their part of what has been recovered so far, and receives later recoveries as well.
USDT accountingD-USDT
The vault accounts in USDT. USD values assume USDT's market price from Chainlink; a USDT depeg changes them.
Perps are disabledD-PERP-DISABLED
Perp markets are disabled until a live proof of trading and withdrawal on the venue passes.
Claims and portfolio
ClaimsD-CLAIM
Claims pay amount the quote asset from EtherFamily's fee escrow straight to recipient address. If the issuer blocks this address or pauses the quote asset, the claim fails and your balance stays claimable.
Portfolio valuesD-PORTFOLIO-VALUE
Portfolio values are USD marks as of block block (age ago). Some assets have no USD source and are shown in their own units.
About this register
- These texts come from EtherFamily's disclosure register, where each has a trigger, the places it is shown, its evidence and its sources. The app's tests check that every text matches the register exactly.
- The register is not legal advice and does not establish that EtherFamily complies with any law. A legal review is pending, and so is the owner's decision on how stock-quoted markets are restricted.
- Each text names its evidence: Observed on-chain Vendor-documented Test-proven Model Design Hypothesis. How to read them: How to read these pages.