Legal
Last updated: July 8, 2026
The following disclosures describe some of the material risks of using the zerosum interface (the "interface") at zerosum.fun and the smart contracts it interacts with (the "Protocol"). This list is not exhaustive. You should not interact with the Protocol unless you fully understand these risks and can afford to lose everything you commit.
The interface and the Protocol are experimental and may run on test networks or early-stage production networks. They may contain bugs, defects, or incomplete features. Functionality can change or fail without notice, and value on a test network has no real-world worth. You use this software at your own risk.
Tokens created or traded through the Protocol are highly speculative. They may have no intrinsic value, no active market, and no ongoing support. A token can lose all of its value quickly and permanently. You should never commit funds you are not fully prepared to lose.
Tokens may be priced by an automated bonding curve, where price is a function of supply. As tokens are bought and sold, the price can move sharply and unpredictably. Early participants may pay very different prices than later ones, and large trades can cause severe price swings. Past price behavior is not indicative of future results.
Smart contracts are autonomous code that can contain vulnerabilities. An exploit, logic error, or dependency failure could result in the partial or total loss of assets. Any audit, review, or test of the Protocol reduces but does not eliminate this risk, and you should not treat the existence of an audit as a guarantee of safety. Much of the Protocol may be unaudited.
Where a token is described as "reserve-backed," this means that it is backed by a reserve asset held within the Protocol, not that any real-world share, security, or commodity is being held on your behalf. Any exposure is synthetic and is created entirely on-chain. You do not own, and cannot claim, any underlying real-world asset, and no third party is obligated to custody one for you.
A token may "graduate" from its bonding curve to an automated market maker once certain conditions are met. After graduation, the reserve-based price floor provided by the curve no longer applies, and the token trades purely on open-market supply and demand. Its price may fall well below any level it reached during the bonding-curve phase.
There may be little or no liquidity for a given token. You may be unable to buy or sell at the price you want, or at all, and thin markets can be manipulated. You may be left holding a token that you cannot exit.
The combined effect of the risks above means that you can lose the entire value of anything you commit to the Protocol. There is no insurance, no guarantee, no deposit protection, and no ability to reverse an on-chain transaction. Treat every interaction as potentially total loss.
The legal and regulatory treatment of digital assets is uncertain and continues to evolve. Future laws, rules, or enforcement actions could adversely affect the Protocol, a token, or your ability to use them. You are responsible for understanding the rules that apply to you.
Nothing on the interface is financial, investment, legal, or tax advice, and nothing is a recommendation to buy, sell, or hold any asset. The interface simply presents information and helps you interact with public smart contracts.
You are responsible for evaluating any token and any risk before you act. Do your own research, verify contract details independently, and consult qualified professionals where appropriate. By using the interface, you accept full responsibility for your decisions and their outcomes.