Risk Disclosure

Last updated 7 October 2026. This page lists the ways you can lose money on Onagi. It is not a complete list, because no list is. It is part of the Terms of Service.

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Digital assets, leveraged futures and prediction markets are high risk. Prices move fast, in both directions, at any hour, with no circuit breaker on the underlying market and no one to appeal to. Onagi is experimental software built on other people's infrastructure, and both the software and that infrastructure can fail.

If you do not understand a product, do not trade it. If you cannot state, before you place an order, how much you can lose on it, you are not ready to place it.

You can lose everything

Every position you take can lose its full value. The money you put into a trade can go to zero, rewards included, and the profit you have made and left in a pocket can go to zero with it. Nothing on Onagi is protected by a deposit guarantee scheme, an investor compensation fund or an insurance policy.

Leverage and liquidation

Perpetual futures are leveraged. Leverage multiplies gains and losses alike, so a small move against you can wipe out the margin behind a position. New positions are isolated: each has its own margin and its own liquidation price, and a liquidation takes that margin, not the rest of your balance. A position opened earlier in shared margin, and anything added to it, uses your whole Perps balance as its margin, so its liquidation can take that whole balance. Positions can be liquidated, partially or entirely, without warning and without your involvement, and liquidation can happen at a worse price than the one on your screen.

Perpetuals also charge or pay funding, repeatedly, for as long as you hold. Funding can turn a position that is right about direction into a losing one. In fast markets, gaps, wide spreads and thin order books can cause slippage far beyond what a normal day suggests, and a stop does not guarantee a fill at the stop price. Auto-deleveraging at the venue can close a profitable position that you did nothing wrong with.

Automated agents make their own decisions

When you switch on the agent, you choose the budget, which is the money in your Autopilot pocket. The agent follows one fixed, high-risk strategy and chooses what to trade, when, at what size and at what price, and it acts without a human reviewing each order. It can and does lose money, in bull markets, bear markets and flat markets alike.

• Backtests and past performance are not a forecast. Losing periods happen, and there will be more.
• A strategy that worked can stop working, quietly, for months, before anyone can tell whether it is broken or merely unlucky.
• Stops, position sizing, watchers and circuit breakers reduce risk, they do not remove it. A gap, an outage, a stale price or a venue failure can defeat all of them at once.
• The daily loss brake is checked at each scheduled run, so a day's loss can pass its limit before new entries pause. There is no overall loss limit: after a pause the agent trades again the next day, until its balance no longer covers an order or you stop it.
• Software has bugs. A bug in an agent can place, size or close a trade wrongly.
• Fees are charged on every trade. The more often you or an agent trade, the more fees you pay.
• Switching an agent off closes what it manages at prevailing prices, which may be worse than the prices you saw when you decided to stop.

You remain responsible for every order placed under your account by an agent you enabled.

Thin liquidity and price impact

Many tokens have very little real liquidity. On a thin market your own order moves the price against you on the way in and again on the way out, and the quoted price you saw is not the price you get. Small and newly launched tokens are the extreme case: most go to zero, some are built to be dumped on buyers, and a rug pull removes the floor faster than any stop can react. In that corner, the size of your position, not a stop, is the only real defence.

There may be no buyer at any price when you want out. Being right about a token is worth nothing if you cannot sell it.

Prediction markets

A prediction market position can settle at zero. Being nearly right pays the same as being completely wrong.

Markets shown on Onagi are sourced from Polymarket, and the outcome is decided by that third party under its own rules and its own resolution process, including any dispute mechanism it operates. We do not decide outcomes and we cannot overturn one. A resolution you consider wrong, delayed, ambiguous or unfair is still the resolution. Short duration rounds, including the five minute up and down rounds, depend on a reference price feed at a precise moment; a feed delay, a wick or an outage around that moment changes the result. Odds move fast, liquidity can vanish before settlement, and there may be no way to exit a position early at a sensible price.

Smart contracts, bridges and tokens

Trading here means interacting with smart contracts written by others. Contracts can contain bugs, can be exploited, can be upgraded in ways that change their behaviour, and can be controlled by admin keys held by people you do not know. Bridges and wrapped assets add another layer of the same risk, and bridge failures have historically been among the largest losses in this industry.

Stablecoins and dollar tokens, USDG included, depend on their issuer and their reserves. A token that trades at one dollar today may not tomorrow. Token approvals you grant to a contract can be abused if that contract is compromised.

Outages, halts and the chain itself

Onagi, the venues it routes to, the node providers it reads from and Robinhood Chain itself can all go down, slow down, rate limit, halt or behave incorrectly. During an outage you may be unable to open, change or close a position, or to deposit or withdraw, while the market keeps moving against you. Transactions can fail, get stuck, be reordered or be front run. A chain reorganisation or a fork can change what appeared to be a settled result. Maintenance, upgrades and rule changes at a venue can close markets or change the terms of a position you already hold.

We may also have to halt trading or freeze an account ourselves, as the Terms describe, for security or legal reasons.

The ONAGI token can go to zero

The token's price is set by the market, and it can fall to zero and stay there. It is not an investment product, it gives you no ownership, no vote, no dividend and no claim on revenue or assets, and it does not entitle you to the rewards programme continuing.

Buyback and burn describe how we intend to use part of the platform's fees. They are not a price floor, not a guaranteed volume and not a promise about market value. Liquidity on a launch curve can be thin, early trading can be volatile, and a large holder selling can move the price sharply.

ONAGI creator fees first accumulate in Pons fee escrow and reach our treasury when claimed. After graduation, converting fees held as tokens into ETH depends on the Pons operator. Pons also controls a timelocked fee-recipient update process. Delays or changes in these steps can affect the fees available for rewards.

Rewards are not a promise of profit

A holder reward is a USDG transfer that we send at our discretion to eligible wallets, from a pool funded by part of the platform's fees. It can be reduced, withheld or suspended, it can be set off against future rewards if it was sent in error or obtained through abuse, and it depends entirely on the platform collecting fees; if fees fall, rewards fall with them, and they can stop.

Once a reward is in your wallet it is ordinary money: what you put into a trade can be lost. Losses stop at zero and no debt is created.

Custody and counterparty risk

Since 18 September 2026 your funds are not held by Onagi. You use your own wallet and grant the agent a trading permission; your money sits in your own wallet on Robinhood Chain, in a Lighter account owned by your wallet and in a Polymarket wallet owned by your wallet. Onagi can open and close positions in your name and move money between those places at your request; for this our servers hold a signing permission for your embedded wallet and a trading key for your Lighter account. Apart from trading fees, the network fee collected in USDG when Onagi supplies the gas of a send, a move or a swap, and Onagi's 0.5% share of money brought in with Bring, Onagi does not transfer your funds to any other address: the product has no such feature, a signing rule at Privy limits direct transfers to the fee vault and a shared list of bridge addresses that our servers manage, our servers check that each bridge destination belongs to the account making the transfer, trading fees taken from your wallet go to a fee vault our servers can draw from only up to a daily limit, and sending elsewhere always needs your own confirmation in the app, signed by your own wallet. The signing rule cannot narrow every route: a token swap through the Uniswap router, a fast withdrawal from Lighter and an order signature on Polygon are not tied to your own addresses by the rule itself, and rely on our servers' own checks. You can revoke the permission at any time. These safeguards are not a guarantee, and the permission itself is a risk: if our systems failed or were compromised, unwanted trades could be placed in your name, and an attacker could try to use the permission to move your funds out, before you revoke it. Payouts are sent to your wallet on-chain. You still carry each venue's risk while money is there: a failure, freeze or exploit at Lighter or Polymarket, or at the bridge between chains, can affect that money, and there is no deposit insurance behind it. You also rely on the wallet provider (Privy) that holds the keys of your embedded wallet.

Onagi will never ask for your recovery phrase or your private key. Anyone who asks, whatever they claim to be (support, a team member, an airdrop), is trying to take your money.

Accounts opened before 18 September 2026 under the old model, where deposits were swept into the platform treasury and recorded in our ledger, were settled when that model was closed on 22 September 2026; its records are kept only as history.

Taxes are yours

Trading, receiving rewards, realising profit, receiving tokens and withdrawing funds may all have tax consequences where you live. Working out what you owe, reporting it and paying it is entirely your responsibility. We do not withhold tax, we do not issue tax statements, and nothing on the Service is tax advice. Get advice from a professional in your own country.

Nothing here is a recommendation

No market list, ranking, chart, score, agent strategy, model output, chat reply, Telegram message, docs page, announcement or social post is investment advice, a recommendation, or a solicitation to buy or sell anything. Onagi is not a broker, exchange, bank, custodian for regulatory purposes, fiduciary or adviser, and does not assess whether a product is suitable for you. Every decision you make on the Service is your own.

Also read the Terms of Service and the Privacy Policy. Questions: [email protected].