Clause 01
You can lose all of it
Trading is risky. Perpetual futures use leverage, and a leveraged position can be liquidated quickly. Only use money you can afford to lose entirely.
§ 21/Risk
Ravena refuses bad trades. She cannot refuse every loss. Here is what can go wrong.
Clause 01
Trading is risky. Perpetual futures use leverage, and a leveraged position can be liquidated quickly. Only use money you can afford to lose entirely.
Clause 02
An agent follows a simple strategy on recorded prices. Backtests benefit from hindsight and leave out some fees, funding payments and slippage. Markets change, and a strategy that worked can stop working without warning.
Clause 03
Ravena's five rules (drawdown, churn, volatility, regime break, weak signal) refuse some trades. She can refuse a trade that would have won and sign one that loses. With the guard switched off she reviews nothing.
Clause 04
Stock Tokens are issued by a third party and track the price of a listed share. They are not the share itself and carry no voting or shareholder rights. They trade around the clock, including when the underlying market is closed, so their price can drift from the share price. Availability depends on where you are; they are not offered to US persons.
Clause 05
$RAVENA is a volatile community token on a bonding curve. Its price can fall to zero and liquidity can be thin. Holding it gives access to perks on this site and nothing else.
Clause 06
Smart contracts can have bugs; ours are unaudited unless stated. RPC providers, trading venues, price feeds and AI model providers can fail, lag or return wrong data. Wallet signatures are final.