Disclaimer & risk notice
Last updated: 2026-05-10. Read this page in full before using takes.fyi. By connecting a wallet, viewing the site, or interacting with the smart contract, you accept everything below without reservation.
1. Not advice. Not anything official.
Nothing on takes.fyi is financial advice, investment advice, legal advice, tax advice, accounting advice, or solicitation to buy or sell anything. The site, its operators, contributors, and any related parties make no representation as to whether any take is true, false, valuable, or worth backing. The site is provided as a social experiment and as informational software, not as a regulated financial service.
2. The software is provided as-is.
The site, the smart contract, and all related code are provided strictly on an “AS IS” and “AS AVAILABLE” basis, without warranties of any kind, express or implied, including (without limitation) warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, reliability, availability, or freedom from defects, bugs, exploits, or security vulnerabilities. You assume all risk of using it.
3. Smart contract risk is real.
The bonding-curve smart contract is autonomous, non-upgradable, and has no admin keys. It has not been formally audited. It may contain bugs. It may be exploited. The USDC it holds may be partially or completely lost. The operator cannot freeze, recover, refund, or modify any state or balance, ever, under any circumstances.
4. No returns are promised.
The price of conviction shares is determined entirely by a deterministic on-chain bonding curve in response to subsequent backings or unbackings by other users. No party (including the operator) promises, guarantees, or has any obligation to ensure that any backed take will gain value, retain value, attract additional backers, or return any USDC to you. Most takes will never gain popularity. You may lose all USDC you commit.
5. Conviction shares are not securities.
Conviction shares are non-transferable units tracked by a public smart contract. They cannot be sold, traded, gifted, or transferred to any other wallet. They are not investment contracts. They are not equity. They are not debt. They are not currency. They have no value outside the bonding curve they originate from. They confer no rights, no ownership, no voting power, and no claim against any person, entity, or asset.
6. The operator is not a custodian.
All USDC committed to a take is held by the smart contract directly, not by the operator. The operator is not a broker, dealer, exchange, custodian, money transmitter, fiduciary, advisor, or registered financial intermediary in any jurisdiction. The operator does not have custody over any user funds at any time.
7. You are responsible for compliance.
You are solely responsible for determining whether your use of takes.fyi is legal in your jurisdiction. You are solely responsible for any taxes, reports, filings, or disclosures arising from your use of the site or the smart contract. The operator does not perform KYC, AML, or sanctions screening, and does not assume responsibility for any consequence of your usage in any jurisdiction.
8. Geographic restrictions.
takes.fyi is not offered to, and may not be used by, any person located in, resident in, or a citizen of any jurisdiction where access to or use of bonding-curve mechanics, smart-contract software, or non-custodial USDC interactions is prohibited or restricted by law. You represent and warrant that you are not such a person. If unsure, do not use the site.
9. Acknowledgment of total loss risk.
You acknowledge that the value of your conviction shares may go to zero, that the smart contract may become unusable, that USDC itself may be frozen by its issuer, that the underlying blockchain may experience reorganizations or downtime, and that any of these events may result in the total loss of any USDC you have committed. You accept all such risk knowingly and voluntarily.
10. Indemnification.
You agree to defend, indemnify, and hold harmless the operator, its affiliates, contributors, officers, employees, and agents from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to your use of takes.fyi, your filing of any take, your backing or unbacking of any take, or any breach by you of these terms.
11. Limitation of liability.
To the maximum extent permitted by applicable law, in no event will the operator be liable to you for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, use, goodwill, or other intangible losses, arising out of or related to your use of takes.fyi or the smart contract, even if advised of the possibility of such damages. The operator’s aggregate liability to you, in all circumstances combined, will not exceed the total platform fees actually received by the operator from your wallet in the ninety (90) days preceding the event giving rise to the claim, or USD 100, whichever is lower.
12. No class actions. Individual arbitration.
You agree that any dispute, claim, or controversy arising out of or relating to takes.fyi or these terms will be resolved exclusively through binding individual arbitration, and not in any class, collective, consolidated, or representative action. You waive any right to a jury trial and any right to participate in a class action against the operator.
13. Governing law and venue.
These terms and any dispute arising from them are governed by the laws of Switzerland, without regard to conflict-of-laws principles. Exclusive venue for any non-arbitrable matter lies with the courts of the canton in which the operator resides.
14. Modifications.
The operator may revise this disclaimer at any time, without notice, by updating this page. Your continued use of takes.fyi after any revision constitutes your acceptance of the revised disclaimer.
15. Severability.
If any provision of this disclaimer is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions will remain in full force and effect, and the invalid provision will be replaced with a valid provision that most closely matches the original intent.
16. Permissionless protocol; multiple frontends.
The smart contract underlying takes.fyi is permissionless and accessible without this frontend. Other frontends, indexers, or interfaces may exist or arise and are outside the operator’s control. The operator makes no representation regarding any other interface, and is not liable for any consequence of your use of any third-party interface to the same contract.
17. Contact.
Abuse and content takedown: takes.fyi@proton.me. Other inquiries are not actively monitored.
TL;DR: this is an experiment. The smart contract may be buggy. You may lose everything you commit. Nothing here is advice. The operator owes you no duty of care, will never have custody of your funds, and will not refund or recover anything under any circumstances. By using the site you accept all of that.