Risk Disclosures

Multyr is a non-custodial protocol that allocates user capital across multiple DeFi strategies and underlying protocols through predefined rules and constraints.

By interacting with Multyr, users are exposed to a range of risks, including but not limited to smart contract risk, market risk, liquidity risk, and risks arising from dependencies on third-party systems.

These risks may result in partial or total loss of funds.

Nothing in the protocol constitutes investment advice, a recommendation, or an offer to provide financial services.

Multyr is a permissionless, automated protocol.

Neither the Multyr Foundation, Multyr Labs, nor any contributors:

• act as investment advisors
• act as fiduciaries
• act as brokers or intermediaries
• manage assets on behalf of users
• Users retain full control and responsibility over their assets and decisions at all times.

Multyr is non-custodial.

Users interact directly with smart contracts, and the protocol does not take custody of funds.

As a result:

• Multyr cannot access user funds
• Multyr cannot reverse transactions
• Multyr cannot prevent losses
• Multyr cannot intervene in real time
• All protocol behavior is governed entirely by smart contract logic.

Multyr relies on smart contracts for all core functionality, including deposits, withdrawals, allocation, and rebalancing.

Smart contracts may contain:

• bugs
• vulnerabilities
• unintended interactions
• Any failure may result in loss of funds.
• The multi-layer architecture of the protocol increases complexity and may introduce additional risk vectors.

Multyr allocates capital to external DeFi protocols.

These protocols are independent and may be subject to:

• smart contract exploits
• liquidity crises
• governance changes
• operational failures
• Failures in underlying protocols may directly impact user funds and are outside the control of Multyr.

The protocol and its underlying strategies may rely on external pricing mechanisms and oracles.

Risks include:

• inaccurate pricing data
• delayed updates
• oracle manipulation
• Incorrect pricing may lead to misallocation of capital, incorrect risk assessment, and unexpected losses.

Capital within Multyr is deployed across multiple strategies, each with its own assumptions and risk profile.

Strategies may:

• underperform
• degrade over time
• fail under certain market conditions
• Some strategies may rely on leverage, market-neutral assumptions, or external liquidity conditions.
• These assumptions may not hold, particularly during periods of market stress.

Multyr relies on predefined allocation logic, scoring mechanisms, and rebalancing rules.

These systems are based on assumptions about market behavior and liquidity conditions.

Risks include:

• incorrect model design
• ineffective parameterization
• unexpected interactions between strategies
• The allocation framework itself may produce suboptimal or adverse outcomes.

Capital allocation and rebalancing are governed by predefined rules and constraints.

Rebalancing:

• is not continuous
• is not reactive to short-term conditions
• is subject to thresholds, costs, and timing constraints
• As a result, allocations may become suboptimal, capital may remain exposed longer than intended, and execution may be delayed.
• Rebalancing does not guarantee improved performance.

Withdrawals depend on available liquidity across:

• vault buffers
• strategies
• underlying protocols
• Under stressed conditions, liquidity may be reduced or unavailable, withdrawals may be delayed or queued, and execution may occur over time.
• Instant withdrawals, where available, may be limited, partially executed, or subject to fees.
• There is no guarantee of immediate access to funds.

Multyr is exposed to general market conditions, including:

• asset price volatility
• interest rate changes
• liquidity shifts across DeFi markets
• Market conditions may negatively impact both performance and capital preservation.

Multyr operates as an allocation layer on top of multiple external systems.

Failures in any integrated component — including lending protocols, liquidity venues, and oracles — may propagate through the system and affect user funds.

Users may access Multyr through third-party interfaces, applications, aggregators, or wallets.

Multyr does not control these interfaces and is not responsible for:

• their functionality
• their security
• their availability
• Interactions performed through third-party services may introduce additional risks.

Certain parameters of the protocol may be modified through governance mechanisms.

In addition, the protocol may evolve over time through upgrades or changes in configuration.

Risks include:

• incorrect parameter changes
• unintended consequences of upgrades
• delayed response to market conditions
• While safeguards such as timelocks or multisig controls may be implemented, governance and upgrades remain a source of risk.

Protocol operations such as rebalancing and withdrawals are subject to execution constraints, including:

• gas costs
• slippage
• network congestion
• transaction ordering
• These factors may impact execution efficiency and outcomes.

Users are solely responsible for securing their assets and access credentials.

Risks include:

• loss of private keys
• incorrect transactions
• interaction with malicious interfaces
• Loss of access credentials may result in permanent loss of funds.

Multyr may include a Safety Reserve funded by protocol revenues.

The Safety Reserve is intended to absorb limited losses under specific conditions.