Risk Disclosure Statement

Introduction

This Risk Disclosure Statement is provided to help you understand the risks associated with using Myra.fun and trading cryptocurrency derivatives. This document is not exhaustive and does not disclose all risks. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources, and other relevant circumstances.

TRADING CRYPTOCURRENCY DERIVATIVES CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU MAY LOSE SOME OR ALL OF YOUR INVESTED CAPITAL.

1. Nature of Cryptocurrency Trading

1.1 High Volatility

Cryptocurrency markets are characterized by extreme price volatility. Prices can change dramatically within minutes or even seconds. This volatility can result in:

• Rapid and substantial gains or losses
• Total loss of invested capital
• Difficulty exiting positions at desired prices
• Gap movements that bypass stop-loss orders

1.2 24/7 Market Operation

Cryptocurrency markets operate continuously without daily closing times. This means:

• Significant price movements can occur at any time, including while you sleep
• You may not be able to react to market changes immediately
• Positions require constant monitoring or automated risk management

1.3 Market Liquidity

Liquidity can vary significantly across different cryptocurrencies and exchanges. Low liquidity may result in:

• Wide bid-ask spreads
• Slippage between expected and actual execution prices
• Inability to exit positions at desired prices
• Price manipulation or flash crashes

2. Leverage and Margin Trading Risks

2.1 Amplified Losses

Leverage amplifies both gains and losses. A small adverse price movement can result in losses that exceed your initial margin deposit. Key risks include:

• You may lose more than your initial investment
• Higher leverage means higher risk of liquidation
• Even small market movements can trigger significant losses
• You may be required to deposit additional funds to maintain positions

2.2 Liquidation Risk

If the market moves against your leveraged position, your position may be automatically liquidated by the exchange:

• Liquidation can occur rapidly during volatile market conditions
• You may lose your entire margin deposit
• Liquidation prices may be worse than expected due to market conditions
• Cascade liquidations can cause extreme price volatility

2.3 Margin Calls

You may be required to deposit additional funds to maintain your position if the market moves against you. Failure to meet margin requirements may result in automatic liquidation of your positions.

3. Technology and Platform Risks

3.1 Platform Availability

The Service relies on complex technology infrastructure. Risks include:

• Service interruptions due to maintenance, technical issues, or cyberattacks
• Inability to access your account or execute trades during outages
• Data loss or corruption
• Delays in trade execution or data updates

3.2 Internet and Connectivity

Trading requires stable internet connectivity. Connectivity issues can result in:

• Inability to monitor or close positions
• Missed trading opportunities
• Failure to receive critical alerts or notifications
• Delayed order execution

3.3 Smart Contract and Blockchain Risks

Decentralized exchanges operate using smart contracts on blockchain networks. Risks include:

• Smart contract bugs or vulnerabilities that could result in loss of funds
• Blockchain network congestion causing delayed or failed transactions
• High gas fees during network congestion
• Potential for blockchain forks or network upgrades affecting transactions
• Irreversibility of blockchain transactions

4. AI Trading Agent Specific Risks

4.1 Algorithm Performance

AI trading agents use algorithms to make trading decisions. You acknowledge that:

• AI models may not perform as expected in all market conditions
• Algorithms can make errors or suboptimal decisions
• Past performance does not predict future results
• AI analysis is based on historical data and may not account for unprecedented events
• Model outputs can be affected by data quality, market anomalies, or technical issues

4.2 Rapid Execution Risk

Automated agents can execute trades very quickly:

• Multiple trades can be executed in rapid succession
• Losses can accumulate faster than with manual trading
• You may not be able to intervene quickly enough to prevent losses
• Agent errors can be costly before detection

4.3 Configuration Responsibility

You are solely responsible for:

• Properly configuring agent parameters and risk limits
• Testing strategies in paper trading mode before live deployment
• Monitoring agent performance and intervening when necessary
• Ensuring sufficient funds are available for margin requirements
• Understanding how your agent's strategy works

5. Third-Party Exchange Risks

Myra.fun is a non-custodial platform that interfaces with third-party exchanges. Risks include:

• Exchange Insolvency: Exchanges may become insolvent or cease operations
• Exchange Hacks: Security breaches at exchanges could result in loss of funds
• Trading Halts: Exchanges may suspend trading or withdrawals without notice
• Price Discrepancies: Prices may vary between exchanges
• Execution Failures: Orders may fail to execute as expected
• API Changes: Exchange API modifications may affect service functionality

Important: Myra.fun does not custody your funds. All assets remain on the exchanges where you maintain accounts. We are not responsible for exchange failures, hacks, or insolvency.

6. Regulatory and Legal Risks

6.1 Regulatory Uncertainty

Cryptocurrency regulation is evolving and varies by jurisdiction:

• New laws or regulations could affect your ability to trade
• Regulatory changes may require service modifications or limitations
• Certain trading activities may become restricted or prohibited
• Tax treatment of cryptocurrencies may change

6.2 Lack of Regulatory Protection

Unlike traditional financial markets:

• Cryptocurrency trading may not be subject to the same regulatory oversight
• You may not have access to investor protection schemes or compensation funds
• There may be limited or no recourse in case of disputes or losses
• Decentralized exchanges operate without central regulatory oversight

6.3 Tax Obligations

You are solely responsible for:

• Determining what taxes, if any, apply to your trading activities
• Reporting and paying all applicable taxes
• Maintaining records of all transactions for tax purposes

7. Security Risks

Security risks associated with cryptocurrency trading include:

• Private Key Loss: Lost private keys cannot be recovered; funds will be permanently inaccessible
• Phishing Attacks: Malicious attempts to steal credentials or private keys
• Malware: Keyloggers or clipboard hijackers that steal sensitive information
• SIM Swapping: Attackers gaining access through compromised phone numbers
• Social Engineering: Manipulation tactics to gain access to accounts
• Exchange Account Compromise: Unauthorized access to exchange API keys

We strongly recommend using hardware wallets, strong unique passwords, two-factor authentication, and never sharing your private keys or API secrets with anyone.

8. Paper Trading vs. Live Trading

Our paper trading feature provides a simulation environment with virtual funds. You should understand:

• Paper trading results may differ materially from live trading results
• Simulated trades do not account for real-world slippage, liquidity, or execution delays
• Emotional and psychological factors differ between simulated and real trading
• Market conditions during paper trading may not reflect future live trading conditions
• Success in paper trading does not guarantee success in live trading

9. Third-Party Service Risks

Myra.fun integrates with multiple third-party services, each carrying its own risks:

• Exchange Risks: Aster, Pacifica, Hyperliquid, and Lighter each have independent operational risks
• Wallet Provider Risks: MetaMask, WalletConnect, and other wallet services may experience issues
• AI Model Risks: GPT-5, Claude, and DeepSeek services may be unavailable or produce unexpected outputs
• Blockchain Network Risks: Underlying blockchain networks (BNB Chain, etc.) may experience issues

We have no control over third-party services and are not responsible for their performance, security, or availability.

10. Information and Analysis Risks

AI-generated trading analysis and recommendations provided through our Service:

• Are for informational purposes only and not financial advice
• May be incomplete, inaccurate, or outdated
• Should not be relied upon as the sole basis for trading decisions
• Do not consider your individual financial situation or risk tolerance
• May be affected by AI model limitations or biases

11. Cybersecurity Risks

Despite our security measures, risks exist:

• Potential for hacking, phishing, or other cyberattacks
• Unauthorized access to your account or credentials
• Data breaches affecting user information
• Distributed Denial of Service (DDoS) attacks affecting availability

While we implement industry-standard security measures, no system is completely secure. You should take your own precautions to protect your information and assets.

12. Operational Risks

Operational risks associated with using Myra.fun include:

• Software bugs or errors that may affect trading functionality
• Incorrect display of prices, balances, or positions
• Failed trade executions or order routing errors
• Delays in data synchronization between exchanges and our platform
• Agent malfunctions or unintended behavior

13. No Guaranteed Execution

We do not guarantee:

• Execution of any trade or order
• Execution at any specific price
• Availability of the Service at any particular time
• Accuracy of real-time data or prices
• Successful operation of AI trading agents

14. Forward-Looking Statements

Any statements on our platform regarding potential profits, returns, or performance are forward-looking and subject to significant uncertainty. These statements:

• Are based on current market conditions which may change
• Do not guarantee any particular outcome
• Should not be relied upon for making investment decisions
• May not materialize or may differ materially from actual results

15. Important Recommendations

16. No Custody or Control

CRITICAL: Myra.fun is a Non-Custodial Platform

You acknowledge and understand that:

• We do not hold, custody, or control your cryptocurrency or funds
• Your assets remain on the third-party exchanges where you maintain accounts
• We only facilitate trading through API integrations you authorize
• We cannot reverse, cancel, or refund any transactions
• We cannot recover funds lost due to user error, exchange issues, or market losses
• You maintain full control and responsibility for your private keys and funds

17. Monitoring Obligations

You are responsible for:

• Continuously monitoring your trading positions
• Regularly reviewing AI agent performance and decisions
• Adjusting strategies and parameters as market conditions change
• Ensuring adequate funds are available for margin requirements
• Staying informed about market developments that may affect your positions