Risk disclosure

Plain facts about using FHERUM. Read this before you supply, borrow or post collateral. The software is provided as is, without warranty.

Audit status

The FHERUM contracts are not audited. Do not deposit funds you cannot afford to lose.

Smart contract risk

Bugs or unexpected interactions in the contracts, or in the tokens a market lists, can lead to partial or total loss of funds. Pause switches limit some actions but cannot reverse a loss.

Oracle risk

Prices come from external feeds with staleness bounds. A wrong, stale or manipulated price can trigger liquidations or block actions.

Liquidation risk

If your Health Factor (collateral × liquidation threshold ÷ debt) falls below 1.00, anyone can repay part of your debt and seize your collateral plus a bonus. Prices can move faster than you can react.

Interest rate and liquidity risk

Rates are variable. When utilization is high you may be unable to withdraw supplied assets until borrowers repay.

Public positions

Mainnet runs in public mode with no FHE: your address, collateral, debt, Health Factor and every transaction are visible on-chain to anyone. FHE privacy mode is planned, not live.

Limited caps and governance

Supply and borrow caps are kept low at launch. Risk parameters are set by a curator within hard bounds and change only through a timelock.

Testnet

Testnet tokens are mocks with no value. Testnet behaviour does not guarantee mainnet behaviour.

No investment advice

Nothing in this app is financial, investment, legal or tax advice. You are responsible for your own decisions and for complying with the laws that apply to you.