Gatu - Risk Disclosure

Last Updated: July 21, 2026

This Risk Disclosure supplements the Gatu Terms of Use. It highlights material risks but cannot describe every possible risk. If this Risk Disclosure conflicts with the Terms, the Terms control. Nothing in this document is investment, financial, legal, tax, or trading advice.

1. Interface and Third-Party Systems

Gatu is non-custodial interface software. Orders, transfers, deposits, withdrawals, liquidations, and settlements are performed by Hyperliquid, supported blockchains, smart contracts, bridges, validators, wallets, and other third-party systems. Gatu does not control those systems and cannot reverse a transaction or guarantee execution, settlement, availability, or recovery.

2. Loss, Volatility, and Liquidity

Digital assets, spot markets, and perpetual contracts may be highly volatile, illiquid, or subject to rapid price gaps. Available liquidity can disappear and quoted prices can differ from executable prices. You may lose all assets committed to a transaction or account and, where protocol rules permit, may incur additional obligations.

3. Leverage, Margin, and Liquidation

Leverage magnifies gains and losses. Maximum leverage and margin tiers vary by market and may change. A small adverse price movement can consume margin and cause a partial or full liquidation with little or no warning.

Cross margin shares collateral across cross-margin positions. Isolated margin limits the collateral assigned to a position but can still be fully lost. Unified or portfolio-margin modes may combine spot balances, eligible collateral, borrowing, interest, and positions across perpetual DEXs, including HIP-3 markets. Losses, collateral-value changes, borrowing costs, or liquidation in one part of a shared account can therefore affect other assets and positions.

Displayed liquidation prices and margin ratios are estimates based on current data. Funding, fees, unrealized profit and loss, other positions, margin tiers, oracle updates, and account mode can change the actual liquidation threshold.

4. Mark Price, Oracle, and Funding Risk

Perpetual contracts rely on mark and oracle prices for margin, unrealized profit and loss, funding, triggers, and liquidations. These prices can differ from the order book, an external venue, or the price you expect. Oracle delay, error, manipulation, market closure, or an unusual settlement method can produce unexpected funding, trigger, or liquidation outcomes. Funding rates and payments can change and may materially reduce returns.

5. HIP-3 and Permissionless Markets

HIP-3 markets are deployed and operated independently by third parties. A deployer may define contract specifications, oracle methodology, leverage limits, and settlement behavior. Such markets may have limited liquidity, incomplete documentation, concentrated control, unusual trading hours, or greater manipulation, discontinuation, and liquidation risk. Displaying a market, label, disclaimer, or deployer link does not mean Gatu audited, approved, or endorsed the market or deployer.

6. Spot Asset and Token Risk

Spot tokens can lose all value and may include transfer restrictions, upgradeable contracts, administrative controls, unusual token mechanics, or inaccurate metadata. A token name, symbol, price, market-cap estimate, or contract-address link is informational and is not a verification of legitimacy, supply, ownership, or value.

7. Order and Execution Risk

Market orders can execute at materially different prices because of slippage or limited liquidity. Limit, stop, take-profit, TWAP, and scaled orders may be rejected, partially filled, triggered at an unexpected executable price, or remain open. Reduce-only and trigger orders may be canceled by protocol rules. Interface previews, balances, charts, order books, and status messages can be delayed or differ from authoritative protocol state.

8. Bridge, Deposit, Withdrawal, and Transfer Risk

Bridges and transfers involve independent networks, contracts, token approvals, fees, minimums, and finality rules. Confirmation on one chain does not guarantee credit on another. Using an unsupported token, network, amount, destination, or bridge route can cause delay or permanent loss. A failed or delayed credit should be verified on the relevant block explorer before retrying.

9. Wallet, Agent, and Authorization Risk

You are responsible for external wallets, embedded wallets, devices, recovery methods, signatures, and locally stored Agent credentials. Malware, phishing, unauthorized access, lost credentials, or an incorrect signature can cause irreversible loss. Disconnecting a wallet from the Interface does not necessarily revoke an authorization recorded onchain or by a third-party service.

10. Technology and Operational Risk

Smart contracts, validators, networks, APIs, RPC endpoints, WebSockets, charting software, wallet providers, paymasters, and the Interface may fail, be compromised, or become unavailable. Congestion, forks, reorganizations, software defects, stale data, and service changes can prevent or delay an intended action.

11. Regulatory and Tax Risk

The legal and regulatory treatment of digital assets, derivatives, leverage, and permissionless markets varies and can change without notice. Access to the Interface does not mean an activity is lawful in your jurisdiction. You are responsible for determining legal eligibility and for all tax, reporting, and compliance obligations.

12. Your Responsibility

Only use products and account modes you understand. Review the market's specifications, deployer documentation, collateral, margin mode, leverage, liquidation price, fees, funding, oracle, order details, and transaction network before acting. Use independent professional advice where appropriate and do not commit assets you cannot afford to lose.