Risks and mechanics · Docs

Updated October 29, 2026.

1. Risk of total loss

You can lose all of the money and tokens you use here. This applies to buying fund tokens, taking over a fund’s Mine, signaling, filling auctions, providing liquidity, withdrawing,. If you launch a fund, you can never withdraw the base asset you seed into its pool.
Any fund token and any asset a fund holds can fall to zero, end up with no monetary value, or become impossible to sell. A fund’s treasury is not a price floor, and withdrawing does not promise that you get back what you paid.
Nobody will make you whole. Neither the operator of this site nor Glaze Corp LLC, the US company behind the GlazeCorp protocol, can reverse transactions or recover lost keys, and it will not refund losses. Do not expect a fund’s creator, Robinhood, an auditor, an insurer or any government scheme to cover them either. Your tokens are not insured or protected the way a bank deposit or a brokerage account can be.
Use only money you can afford to lose completely. If you do not understand a mechanic on this page, do not use it. This page explains how GlazeCorp’s contracts work today and the main ways to lose money, but it cannot list every risk. Read it together with the Terms of Use.

2. Elysium mainnet: real value at risk

This website (the “Interface”) is connected to Elysium mainnet (chain 99901). Tokens here, including USDC, fund tokens and the assets funds hold, can have real monetary value, and you can lose all of it.

Transactions are public, final and persistent. Each one spends real HYPE for gas, even if it fails, and nobody can reverse it. No token, price, fund value, reward or market shown in the Interface is guaranteed to have or keep any value, backing or liquidity.

Before you use real tokens, check the audit page. A reported finding that is still listed as pending has not been fixed (section 14).

3. Fund tokens and their backing

A fund token is the tradable token of a GlazeCorp fund. Each fund has an ownerless onchain treasury that holds the assets its auctions buy. Burning fund tokens lets you withdraw a proportional share of the treasury’s listed assets, and the treasury has no other way for anyone to take them out.

The fund value and backing per token shown in the Interface are estimates. The Interface prices treasury assets from Chainlink price feeds where they exist and from pool prices and pool reserves. It counts USDC at face value and, in mock mode, uses fixed display prices. Assets it cannot price are left out of the total. The fund token’s own price is the latest price in its pool.

How you can lose money:

Backing is not a price floor. A fund token can trade far above the value of its treasury, and that premium can disappear at any time.
Backing per token falls when the treasury’s assets lose value or when the token supply grows faster than the assets.
A price below backing does not mean a profitable withdrawal, because a withdrawal pays assets in kind and they may be hard to sell.
A fund named after a theme can hold few assets, risky assets or none at all. Its name and description do not tell you what it owns.
Fund values can be wrong. Prices can be stale or manipulated, and an unpriced asset may be worth more, less or nothing.
A fund’s assets carry their issuers’ risks. Some issuers can pause their token, block addresses or upgrade its contract. Robinhood stock tokens can do all of this, and their issuer can also burn them from any address, including the treasury. Glaze Corp has no control over any of it.
Holding a fund token earns nothing by itself. It gives you no share in Glaze Corp or in the creator, no claim against either of them, and no rights as a shareholder of any company whose stock token a fund holds.
Nobody, including Glaze Corp or the creator, guarantees a fund token’s price, backing or liquidity, or has to buy your tokens back.

4. Buying and selling in the pool

Each fund trades in one official Uniswap V4 pool against its base asset, which is USDC unless the creator chose another. Trades go through Uniswap’s Universal Router. Every trade pays the pool’s swap fee, which the creator fixed at launch between 0.01% and 10% (1% by default). While protocol fees are on, 70% of that fee goes to the fund’s treasury or the creator’s fee wallet and 30% goes to the protocol fee recipient, which Glaze Corp chooses. Liquidity providers get none of it. Uniswap may also charge its own protocol fee if that is switched on.

Before you sign, the trade card shows a quote, the price impact and the minimum you will receive. Auto slippage is 0.5% and you can raise it to 5%. A quote lasts ten minutes.

How you can lose money:

Pools can be very thin. A fund’s pool opens with the seed the creator chose, 1 USDC by default, so one trade can move the price, and the market cap shown, by large multiples.
Your own trade moves the price. A large trade in a small pool can lose most of its value to price impact.
Fees apply on the way in and on the way out. At a 10% swap fee, buying and then selling loses about 19% to fees alone, before price impact and gas.
Depending on how Elysium orders transactions, other traders may be able to see or anticipate your trade and trade before and after it. You can receive as little as the minimum you accepted.
You may be unable to sell at a fair price, or at all. Liquidity added after launch can be withdrawn at any time.
Market cap is the latest pool price multiplied by the effective supply, which includes tokens a miner has accrued but not yet received. It is not an amount anyone could actually sell for.
A trade that fails, for example because the price moved past your minimum, still costs gas.
Anyone can create another LP token for the same pair and swap fee. Its liquidity shares the fund’s Uniswap market and earns part of every trade’s fee for its own fee recipients, so the fund’s share of fees can shrink. LP tokens other than the fund’s official one are not part of the fund, and the fund’s LP auction does not accept them.
Nobody, including Glaze Corp, can reverse a trade. Nobody has to refund fees or slippage, or add liquidity so that you can sell.

5. The Mine and takeovers

Each fund has exactly one Mine. You take over the Mine by paying its current price in USDC. While you hold it, you accrue newly issued fund tokens every second at the rate fixed when you took it over. After each takeover, the price starts at twice what was just paid (at least 1 USDC) and decays in a straight line to zero over one hour. Anyone can take over the Mine from you at any moment by paying the current price. There is no cooldown and no minimum time you keep the Mine.

When someone takes over the Mine from you, your accrued fund tokens are minted to you and you receive a claim for 80% of their takeover payment. That money comes only from the next miner, not from your own payment, and it may be nothing. Of each payment, 80% goes to the outgoing miner (if there is one), the creator fee and the protocol fee each take 0.01% to 2% when switched on (0.5% by default), and the rest goes to the fund’s revenue destination. Your own payment is never refunded.

For payments of 0.5 USDC or more, you get back less than you paid if someone takes over the Mine from you more than 22.5 minutes after you took it over. For example, if you pay 100 USDC, the next price starts at 200 USDC. If someone takes over the Mine 30 minutes later, they pay 100 USDC and you receive 80 USDC. At 45 minutes you receive 40 USDC. After one hour the Mine can be taken over for free, and you receive nothing for it.

How you can lose money:

You can lose your whole payment. If nobody pays to take over the Mine before the price reaches zero, it can be taken over for free and you get no USDC back.
Your only other return is the fund tokens you accrue. They may be worth little or nothing, and their price can fall while you hold the Mine. They are minted to you only when someone takes over the Mine, so until then you cannot sell them. Taking over the Mine yourself to settle them costs the current price, of which only 80% comes back to you, plus gas.
Someone can take over the Mine seconds after you do, so you may accrue very few tokens.
Takeovers race. If someone else takes over the Mine first, or the price is above the maximum you set, your transaction fails. No USDC moves, but you still pay gas.
Your 80% claim is paid only to the wallet recorded as the miner. If that wallet or the USDC contract blocks the transfer, the claim can stay stuck.
The creator fee, the protocol fee and the revenue destination can change between your quote and your transaction.
The takeover payout and next starting price shown in the Interface describe the rules. They are not amounts you can expect to receive.
Nobody can reverse a takeover payment or force anyone to take over the Mine from you, and nobody, including Glaze Corp, has to refund it. Nobody, including Glaze Corp, can change the price curve, the 80% share or the emission schedule of an existing fund.

6. Emissions and dilution

A fund’s Mine issues new fund tokens on a schedule the creator fixes at launch: an initial rate of 1 to 1,024 tokens per second, halving every 7 to 365 days, down to a tail rate of 0.01 to 4 tokens per second that never stops. The app default (Balanced) is 3 tokens per second, halving every 365 days, with a tail of 0.15 tokens per second. Each miner keeps the rate in effect when they took over the Mine until someone else takes it over.

Tokens a miner has accrued but not yet received already count in the fund’s effective supply, the number every withdrawal divides by.

How you can lose money:

There is no supply cap. At the app default, the first rate issues about 259,200 new tokens a day, against a launch supply of about 2,000 tokens at the app defaults (1,000 in the pool and 1,000 for the creator).
Backing per token falls whenever supply grows faster than the treasury’s assets, and new revenue may never keep up.
Holders are diluted as soon as tokens accrue, before they are minted.
A miner whose Mine nobody takes over keeps issuing at an older, higher rate for as long as they hold it.
Miners can sell new tokens as soon as they receive them, which can push the price down.
Nobody, including the creator or Glaze Corp, can change a fund’s emission schedule after launch or stop issuance.

7. Signaling and signal rewards

Signaling deposits your fund tokens into the fund’s signal contract, one for one, in exchange for a receipt that cannot be transferred or sold. Your signal gives weight to one or more strategies and decides how future mining revenue is split between them. It does not sell or rebalance what the treasury already holds. You can remove your signal at any time and get the same number of fund tokens back. There is no cooldown, lock or removal fee, but gas applies.

Signal rewards exist only when someone funds them. A share of each auction payment, from 0% to 20%, can go to the signalers of that auction’s strategy; the controller owner sets the share in either mode (manager-led or holder-led), and anyone can add further rewards. Rewards stream over seven days and are shared by signal weight. In a manager-led fund, only the fund’s signal managers can signal.

The controller owner can kill a strategy. A killed strategy, shown in the Interface as Stopped, gets no new revenue and accepts no new signals. You can still remove your signal from it and claim rewards you have earned.

How you can lose money:

Signaling does not protect the value of your tokens. You still carry their full price risk, and you must remove your signal before you can sell them.
Rewards are not guaranteed. The share can be zero, a strategy whose auction is never filled pays its signalers nothing, and rewards are paid in the strategy’s asset, which can be worth little or nothing.
Other signalers dilute your share of a reward stream as they add weight.
While nobody signals, new mining revenue waits in the router and buys nothing. Revenue already released to strategies streams out over seven days. If no live strategy has any signals during that time, the USDC released for that period is never allocated to any strategy, and nobody can recover it.
In a manager-led fund, the controller owner can remove a revoked signal manager’s signals, which returns the tokens to that signal manager. If the signal managers and the owner become unavailable, new signals can stop.
Rewards that stream while a strategy has no signals, including after it is killed and its signals have left, can never be claimed and stay stuck for good.
Rewards are paid only to the account that earned them. If the reward token blocks the transfer, you may be unable to claim.
Nobody can move or seize your signals, apart from the manager-led removal above. Nobody, including Glaze Corp, guarantees rewards or has to add them.

8. Strategy auctions

Each strategy sells all the USDC it has collected in a Dutch auction for one asset, its payment token. The asking price starts at a multiple of the last price paid and decays in a straight line to zero over the strategy’s epoch: 24 hours for the liquidity auction every fund starts with, and between 1 hour and 365 days for other strategies. Once it reaches zero, anyone can take the entire USDC balance for free. The buyer’s payment goes to the treasury, minus the signal reward share.

The auctions list shows each auction’s Pay, Get and Return and tags a Best deal. These are estimates the Interface calculates before gas from indicative prices. They are not advice.

How you can lose money:

As a holder: if nobody fills an auction before its price reaches zero, that revenue leaves the fund for nothing. Fills at low prices give the treasury less of the asset for its USDC.
As a buyer: Return ignores what it costs you to get the payment asset, your price impact and gas. The prices behind it can be stale or wrong.
Fills race. If another buyer fills first, or the price is above your maximum, your transaction fails and you still pay gas.
The auction contract has no minimum USDC amount you must receive. The USDC pot can include donations, so its size does not prove earned revenue.
The controller owner can add strategies that spend the fund’s future revenue on any token, including a worthless token they control, and can kill strategies.
While an auction’s payment token is paused or blocks the treasury, nobody can fill it until its price reaches zero, and then anyone can take its USDC for free.
Nobody, including Glaze Corp, can stop an auction’s price from decaying, set a reserve price, or recover revenue that sold cheaply or for free.

9. Withdrawal

Withdrawing burns your fund tokens and pays you a share of each treasury asset you include. For each included asset you receive floor(treasury balance × tokens burned ÷ effective supply), where effective supply is the total fund-token supply plus the tokens the current miner has accrued but not yet received. You receive the assets themselves, not USDC or cash. No owner can pause withdrawals.

Any asset you leave out is forfeited for the tokens you burn: it stays in the treasury and you have no second claim. The Interface includes every asset it has found in the fund’s launch record, its strategies and the indexer. It withdraws through a helper contract that first collects the fund’s swap fees and burns fund tokens the treasury holds, and it requires at least 99% of each estimate and a ten-minute deadline.

How you can lose money:

An asset the Interface has not found, such as a token someone sent straight to the treasury, is not listed, and your share of it is forfeited.
Assets arrive in kind. Selling them costs fees, price impact and gas, and some may be illiquid, frozen, worthless or restricted for you.
Each payout rounds down, so small withdrawals can receive zero of some assets.
Tokens a miner has accrued but not received count in effective supply, so your share is smaller than total supply alone suggests.
A withdrawal can fail if its deadline passes, a payout falls below its minimum, or a token refuses the transfer. Nothing is burned, but you still pay gas. Tokens that charge transfer fees or change balances on their own are unsupported and can pay less than the formula.
A treasury with many assets may not fit in one transaction. Splitting a withdrawal does not help, because each part forfeits the assets it leaves out.
If any listed asset’s issuer pauses it or blocks the treasury or your address, a withdrawal that includes it fails. The Interface then sends nothing until that asset can move again, which may take a long time or never happen.
Calling the treasury contract directly, outside the Interface’s helper, skips fee collection and the burn of treasury-held fund tokens, and can pay you less.
Withdrawing does not promise that you get back what you paid or that the market price matches backing.
Nobody, including Glaze Corp, can return a forfeited share, reverse a withdrawal, or add an asset to a withdrawal after it executes.

10. Providing liquidity

Anyone can add both tokens to a fund’s official pool and receive LP tokens, then return them later to withdraw a share of the pool at its current mix. LP tokens do not earn swap fees: the swap fee goes to the fund’s fee recipient and the protocol fee recipient. Each fund also runs an auction that pays USDC for its LP tokens. The liquidity created at launch is locked forever, while liquidity added later can be withdrawn.

How you can lose money:

Divergence loss, also called impermanent loss: when the fund token’s price moves against the base asset, you get back a different mix that is worth less than simply holding both tokens. No fee income offsets it.
If the fund token collapses, your position ends up mostly in fund tokens and you can lose most or all of its value.
Locked launch liquidity does not stop the price or the pool’s value from collapsing.
Deposits and withdrawals use the current pool price, which others can move just before your transaction, within the slippage you allow.
The LP auction may pay less for your LP tokens than they are worth.
The contracts never pay liquidity providers a share of fees. Nobody, including Glaze Corp, has to make up divergence loss, and nobody can withdraw the locked launch liquidity.

11. Creators and what they can do

Anyone can launch a fund without permission. Glaze Corp does not review creators or vet funds before they launch. The Interface may check fund images automatically for prohibited content, and it screens assets chosen in it for some transfer behaviors. Passing these checks says nothing about a fund’s quality or safety, and a fund appearing in the Interface, in a list or in a ranking is not an endorsement. At launch the creator chooses the name and ticker, the seed amounts that set the opening price, an allocation of up to 100 billion fund tokens for themselves, the swap fee, the emission schedule, whether it is manager-led or holder-led, and the fees.

After launch, whoever owns the fund’s FundController (the controller owner, normally the creator) keeps real powers. The treasury has no owner withdrawal function, so the controller owner cannot take existing holdings directly. They can still change where future value goes, including the destination of future mining revenue, which they can point at any contract.

How you can lose money:

The creator can sell their allocation into a thin pool at any time. Tokens signaled at launch can be removed and sold.
Future mining revenue can be sent to a contract the controller owner controls, or to one that loses it.
The controller owner can add a strategy that spends fund revenue on any token, including a worthless one they control, and in a manager-led fund can direct signals to it.
The controller owner can redirect the fund’s share of swap fees to any wallet, including fees earned but not yet claimed.
The controller owner can raise the creator mining fee to 2%, change the signal reward share between 0% and 20%, kill strategies, and decide who may signal in a manager-led fund.
The controller owner can hand control of the fund, or of its parts, to anyone, or renounce it. Renouncing freezes the settings it controlled, including who may signal in a manager-led fund.
The description, image and links can change at any time, and the Interface cannot verify them. Names and tickers are fixed but can copy another fund’s. Mining messages are written by miners and are not verified either. The contract address is the only reliable identity of a fund, so check it before every transaction.
Nobody, including Glaze Corp, can stop a creator from using these powers, undo their effects, or remove a creator. The Interface may hide a fund, but that does not change its contracts.

12. USDC, stock tokens and other assets

Funds hold tokens issued by others. On Elysium, mining and auction revenue uses USDC. Bridged tokens depend on their underlying assets and bridge as well as their issuer. Glaze Corp does not issue, back or control these assets.

How you can lose money:

An issuer can freeze, block, pause, upgrade, recall or change its token, or stop honoring it. If USDC or another asset blocks a treasury, a Mine, an auction, a reward contract or your wallet, the tokens there can be stuck for good.
A stablecoin, USDC included, can lose its peg.
Stock tokens can be halted, restricted to certain people or places, adjusted for splits and dividends, or withdrawn. A fund that holds them gives you no shareholder rights, dividends or votes.
A withdrawal can pay you a token that you are not allowed to hold or cannot sell.
The Interface screens listed tokens for transfer fees and changing balances, but each check is made at a point in time and can be wrong or out of date. Tokens added by address may not be screened the same way.
Glaze Corp cannot unfreeze, re-peg or replace a token, or make its issuer honor it.

13. Audits and known issues

Veridise reviewed a specific revision of 12 core contracts, beginning af56858, and delivered its updated report on September 17, 2026. The report does not establish that every current contract, later change or deployment was independently audited. Its scope excludes the later Launchpad, FullRange (the pool and swap-fee contracts) and token changes. It lists one Low finding and one Warning that were acknowledged, not fixed.

How you can lose money:

A bug in any contract, including one no review found, can lock, destroy or misallocate tokens.
Known findings that are acknowledged, accepted or still pending can be exploited.
The contracts a deployment uses may differ from the code any review covered.
A review is an opinion about one version at one time. It is not a guarantee.
The deployed fund contracts cannot be patched or paused, so nobody, including Glaze Corp, can fix a bug in place or recover tokens lost to one.

14. Who controls what

The fund contracts have no owner-controlled pause, upgrade, rescue or sweep function, and each treasury has no owner. A fund’s emission schedule, the 80% miner share, its swap fee and each existing auction’s price rules cannot be changed after launch. The controller owner can still add and kill strategies, change the signal reward share and the creator fee, and redirect future revenue (section 11). Some protocol-wide roles also remain, and Glaze Corp holds some of them.

Glaze Corp, or wallets acting for it, holds the Launchpad owner and FullRange owner roles for the contracts the Interface uses. The Launchpad owner sets the protocol mining fee, from 0.01% to 2% and starting at 0.5%, and its recipient for every fund on that Launchpad. The FullRange owner sets who receives the protocol’s 30% share of swap fees. Both fees go to recipients that Glaze Corp chooses, and it can change them at any time.

How you can lose money:

Glaze Corp can raise the protocol mining fee up to 2% on every existing fund, and can change where protocol fees go, including protocol swap fees earned but not yet claimed.
Check current contract owners and fee recipients on this network. Losing or compromising an owner wallet can affect the settings it controls.
The operator of this site can change, restrict, suspend or shut down the Interface at any time, hide funds, assets or features, or change which contracts it connects to. You may then need other tools to reach the contracts directly.
Glaze Corp, its team and people connected to it may launch funds, mine, trade, hold fund tokens, fill auctions or provide liquidity, sometimes on the other side of your transactions.
Future versions of the contracts may work differently, including being upgradeable or pausable. Check which version a fund uses.
Nobody, including Glaze Corp, can reverse a confirmed transaction or take a treasury’s assets out except through withdrawal.

15. Indexer, RPC and price data

Lists, history, charts, rankings and some balances come from an indexer that can fall behind the chain or stop. The Interface does not currently show a warning when indexed data is out of date. Asset prices come from third parties such as Chainlink, Robinhood, CoinGecko and DEX Screener, and from pool prices.

RPC endpoints, including this site’s own gateway, can rate-limit, time out or return errors. The Interface may try another configured endpoint, but during an outage you may be unable to read data or send transactions. Before your wallet opens, the Interface prepares and checks each transaction against current contract data, but the chain can change before your transaction is included.

How you can lose money:

Prices, fund values, backing, market caps, returns and rankings can be stale, wrong or manipulated, for example by trading in a thin pool. Labels such as Featured, Best deal or Active now come from simple rules over this data. They are not recommendations.
A failed read can look like an empty balance or a zero value. Missing data does not prove a zero balance.
An asset the indexer misses is left out of withdrawals, and your share of it is forfeited.
The Interface can stop tracking a transaction that still confirms later. Check your wallet or a block explorer before you try again, so that you do not repeat it.
A transaction that was already sent continues on the chain whatever the Interface shows.
Only the chain is authoritative. Nobody, including Glaze Corp, can undo a transaction you sent based on wrong or stale data.

16. Wallets, keys and signatures

Every action needs your own wallet. Anyone who obtains your private key or seed phrase controls your tokens permanently. This site never asks for your private key or seed phrase. At the time of this update, the Interface asks your wallet only to connect, to switch to or add a network, to confirm transactions, or batches of transactions, that you have reviewed in the Interface, and to sign one message on the GlazeCorp website that confirms you accept the Terms of Use. That Terms message is the only signature the Interface asks for that is not a transaction. It costs no gas, sends no transaction and gives no one access to your tokens. The official website is https://www.glazecorp.io. The Terms of Use say which other addresses are official.

Approvals let a contract move a token for you. The Interface asks for exact amounts by default. Trades follow Uniswap’s design instead: Permit2 may move the token you pay with without limit, and Uniswap’s Universal Router may use it through Permit2 for 30 days. Some forms let you choose an unlimited approval. An approval lasts until you revoke it or it expires, even after you stop using the Interface.

How you can lose money:

Fake websites, fake support accounts, fake tokens and direct messages can trick you into revealing your key or signing something harmful.
A malicious signature or approval can let someone drain your wallet. A harmful request can be dressed up as a Terms message: if a request to accept the Terms is a transaction, a token approval or a permit, or appears on a website that is not official, do not sign it.
Malware, a compromised device or faulty wallet software can sign or send without you noticing.
Tokens sent to a wrong address or on the wrong network can be lost.
Nobody can recover a lost key or reverse a signed transaction. Glaze Corp cannot revoke an approval for you or get stolen tokens back.

17. Elysium and other networks

This fund's contracts run on Elysium. Glaze Corp does not operate or control the network or the Uniswap contracts it relies on. Network naming does not imply endorsement.

A network can stop, reorganize, reorder or refuse transactions, and its operators can change its rules, fees or software.
Gas is paid in HYPE for every transaction, including ones that fail.
Bridges and third-party contracts can fail or lose assets.
Glaze Corp cannot reverse a transaction or refund gas.

18. Legal, regulatory and tax risk

Rules for tokens, stablecoins, tokenized stocks and onchain trading are changing and differ between countries. Glaze Corp is not registered or licensed as a broker, dealer, exchange, investment adviser, fund manager or money transmitter. A fund token is not a share in Glaze Corp or any other company, and it is not a unit of a registered fund or exchange-traded product.

How you can lose money:

A regulator or court could decide that fund tokens, mining, auctions or the Interface fall under securities, commodities, gambling, payments or other rules. That could force Glaze Corp to change or close the Interface, remove features or block access in some places, and could make tokens harder or impossible to sell.
Using this site may be illegal for you where you live or because of who you are, including under sanctions laws. The Terms of Use say who may use the Interface.
You do not get the protections that regulated products can give, such as deposit insurance or investor compensation.
Trades, mining, rewards, withdrawals and liquidity can each have tax consequences. You are responsible for your own taxes and records. Glaze Corp does not give tax advice or prepare tax reports for you.
Glaze Corp cannot shield you from a change in the law, from enforcement, or from taxes you owe.

Updated October 29, 2026.

1. Risk of total loss

You can lose all of the money and tokens you use here. This applies to buying fund tokens, taking over a fund’s Mine, signaling, filling auctions, providing liquidity, withdrawing,. If you launch a fund, you can never withdraw the base asset you seed into its pool.
Any fund token and any asset a fund holds can fall to zero, end up with no monetary value, or become impossible to sell. A fund’s treasury is not a price floor, and withdrawing does not promise that you get back what you paid.
Nobody will make you whole. Neither the operator of this site nor Glaze Corp LLC, the US company behind the GlazeCorp protocol, can reverse transactions or recover lost keys, and it will not refund losses. Do not expect a fund’s creator, Robinhood, an auditor, an insurer or any government scheme to cover them either. Your tokens are not insured or protected the way a bank deposit or a brokerage account can be.
Use only money you can afford to lose completely. If you do not understand a mechanic on this page, do not use it. This page explains how GlazeCorp’s contracts work today and the main ways to lose money, but it cannot list every risk. Read it together with the Terms of Use.

2. Elysium mainnet: real value at risk

Before you use real tokens, check the audit page. A reported finding that is still listed as pending has not been fixed (section 14).

3. Fund tokens and their backing

How you can lose money:

Backing is not a price floor. A fund token can trade far above the value of its treasury, and that premium can disappear at any time.
Backing per token falls when the treasury’s assets lose value or when the token supply grows faster than the assets.
A price below backing does not mean a profitable withdrawal, because a withdrawal pays assets in kind and they may be hard to sell.
A fund named after a theme can hold few assets, risky assets or none at all. Its name and description do not tell you what it owns.
Fund values can be wrong. Prices can be stale or manipulated, and an unpriced asset may be worth more, less or nothing.
A fund’s assets carry their issuers’ risks. Some issuers can pause their token, block addresses or upgrade its contract. Robinhood stock tokens can do all of this, and their issuer can also burn them from any address, including the treasury. Glaze Corp has no control over any of it.
Holding a fund token earns nothing by itself. It gives you no share in Glaze Corp or in the creator, no claim against either of them, and no rights as a shareholder of any company whose stock token a fund holds.
Nobody, including Glaze Corp or the creator, guarantees a fund token’s price, backing or liquidity, or has to buy your tokens back.

4. Buying and selling in the pool

Before you sign, the trade card shows a quote, the price impact and the minimum you will receive. Auto slippage is 0.5% and you can raise it to 5%. A quote lasts ten minutes.

How you can lose money:

Pools can be very thin. A fund’s pool opens with the seed the creator chose, 1 USDC by default, so one trade can move the price, and the market cap shown, by large multiples.
Your own trade moves the price. A large trade in a small pool can lose most of its value to price impact.
Fees apply on the way in and on the way out. At a 10% swap fee, buying and then selling loses about 19% to fees alone, before price impact and gas.
Depending on how Elysium orders transactions, other traders may be able to see or anticipate your trade and trade before and after it. You can receive as little as the minimum you accepted.
You may be unable to sell at a fair price, or at all. Liquidity added after launch can be withdrawn at any time.
Market cap is the latest pool price multiplied by the effective supply, which includes tokens a miner has accrued but not yet received. It is not an amount anyone could actually sell for.
A trade that fails, for example because the price moved past your minimum, still costs gas.
Anyone can create another LP token for the same pair and swap fee. Its liquidity shares the fund’s Uniswap market and earns part of every trade’s fee for its own fee recipients, so the fund’s share of fees can shrink. LP tokens other than the fund’s official one are not part of the fund, and the fund’s LP auction does not accept them.
Nobody, including Glaze Corp, can reverse a trade. Nobody has to refund fees or slippage, or add liquidity so that you can sell.

5. The Mine and takeovers

How you can lose money:

You can lose your whole payment. If nobody pays to take over the Mine before the price reaches zero, it can be taken over for free and you get no USDC back.
Your only other return is the fund tokens you accrue. They may be worth little or nothing, and their price can fall while you hold the Mine. They are minted to you only when someone takes over the Mine, so until then you cannot sell them. Taking over the Mine yourself to settle them costs the current price, of which only 80% comes back to you, plus gas.
Someone can take over the Mine seconds after you do, so you may accrue very few tokens.
Takeovers race. If someone else takes over the Mine first, or the price is above the maximum you set, your transaction fails. No USDC moves, but you still pay gas.
Your 80% claim is paid only to the wallet recorded as the miner. If that wallet or the USDC contract blocks the transfer, the claim can stay stuck.
The creator fee, the protocol fee and the revenue destination can change between your quote and your transaction.
The takeover payout and next starting price shown in the Interface describe the rules. They are not amounts you can expect to receive.
Nobody can reverse a takeover payment or force anyone to take over the Mine from you, and nobody, including Glaze Corp, has to refund it. Nobody, including Glaze Corp, can change the price curve, the 80% share or the emission schedule of an existing fund.

6. Emissions and dilution

Tokens a miner has accrued but not yet received already count in the fund’s effective supply, the number every withdrawal divides by.

How you can lose money:

There is no supply cap. At the app default, the first rate issues about 259,200 new tokens a day, against a launch supply of about 2,000 tokens at the app defaults (1,000 in the pool and 1,000 for the creator).
Backing per token falls whenever supply grows faster than the treasury’s assets, and new revenue may never keep up.
Holders are diluted as soon as tokens accrue, before they are minted.
A miner whose Mine nobody takes over keeps issuing at an older, higher rate for as long as they hold it.
Miners can sell new tokens as soon as they receive them, which can push the price down.
Nobody, including the creator or Glaze Corp, can change a fund’s emission schedule after launch or stop issuance.

7. Signaling and signal rewards

How you can lose money:

Signaling does not protect the value of your tokens. You still carry their full price risk, and you must remove your signal before you can sell them.
Rewards are not guaranteed. The share can be zero, a strategy whose auction is never filled pays its signalers nothing, and rewards are paid in the strategy’s asset, which can be worth little or nothing.
Other signalers dilute your share of a reward stream as they add weight.
While nobody signals, new mining revenue waits in the router and buys nothing. Revenue already released to strategies streams out over seven days. If no live strategy has any signals during that time, the USDC released for that period is never allocated to any strategy, and nobody can recover it.
In a manager-led fund, the controller owner can remove a revoked signal manager’s signals, which returns the tokens to that signal manager. If the signal managers and the owner become unavailable, new signals can stop.
Rewards that stream while a strategy has no signals, including after it is killed and its signals have left, can never be claimed and stay stuck for good.
Rewards are paid only to the account that earned them. If the reward token blocks the transfer, you may be unable to claim.
Nobody can move or seize your signals, apart from the manager-led removal above. Nobody, including Glaze Corp, guarantees rewards or has to add them.

8. Strategy auctions

The auctions list shows each auction’s Pay, Get and Return and tags a Best deal. These are estimates the Interface calculates before gas from indicative prices. They are not advice.

How you can lose money:

As a holder: if nobody fills an auction before its price reaches zero, that revenue leaves the fund for nothing. Fills at low prices give the treasury less of the asset for its USDC.
As a buyer: Return ignores what it costs you to get the payment asset, your price impact and gas. The prices behind it can be stale or wrong.
Fills race. If another buyer fills first, or the price is above your maximum, your transaction fails and you still pay gas.
The auction contract has no minimum USDC amount you must receive. The USDC pot can include donations, so its size does not prove earned revenue.
The controller owner can add strategies that spend the fund’s future revenue on any token, including a worthless token they control, and can kill strategies.
While an auction’s payment token is paused or blocks the treasury, nobody can fill it until its price reaches zero, and then anyone can take its USDC for free.
Nobody, including Glaze Corp, can stop an auction’s price from decaying, set a reserve price, or recover revenue that sold cheaply or for free.

9. Withdrawal

How you can lose money:

An asset the Interface has not found, such as a token someone sent straight to the treasury, is not listed, and your share of it is forfeited.
Assets arrive in kind. Selling them costs fees, price impact and gas, and some may be illiquid, frozen, worthless or restricted for you.
Each payout rounds down, so small withdrawals can receive zero of some assets.
Tokens a miner has accrued but not received count in effective supply, so your share is smaller than total supply alone suggests.
A withdrawal can fail if its deadline passes, a payout falls below its minimum, or a token refuses the transfer. Nothing is burned, but you still pay gas. Tokens that charge transfer fees or change balances on their own are unsupported and can pay less than the formula.
A treasury with many assets may not fit in one transaction. Splitting a withdrawal does not help, because each part forfeits the assets it leaves out.
If any listed asset’s issuer pauses it or blocks the treasury or your address, a withdrawal that includes it fails. The Interface then sends nothing until that asset can move again, which may take a long time or never happen.
Calling the treasury contract directly, outside the Interface’s helper, skips fee collection and the burn of treasury-held fund tokens, and can pay you less.
Withdrawing does not promise that you get back what you paid or that the market price matches backing.
Nobody, including Glaze Corp, can return a forfeited share, reverse a withdrawal, or add an asset to a withdrawal after it executes.

10. Providing liquidity

How you can lose money:

Divergence loss, also called impermanent loss: when the fund token’s price moves against the base asset, you get back a different mix that is worth less than simply holding both tokens. No fee income offsets it.
If the fund token collapses, your position ends up mostly in fund tokens and you can lose most or all of its value.
Locked launch liquidity does not stop the price or the pool’s value from collapsing.
Deposits and withdrawals use the current pool price, which others can move just before your transaction, within the slippage you allow.
The LP auction may pay less for your LP tokens than they are worth.
The contracts never pay liquidity providers a share of fees. Nobody, including Glaze Corp, has to make up divergence loss, and nobody can withdraw the locked launch liquidity.

11. Creators and what they can do

How you can lose money:

The creator can sell their allocation into a thin pool at any time. Tokens signaled at launch can be removed and sold.
Future mining revenue can be sent to a contract the controller owner controls, or to one that loses it.
The controller owner can add a strategy that spends fund revenue on any token, including a worthless one they control, and in a manager-led fund can direct signals to it.
The controller owner can redirect the fund’s share of swap fees to any wallet, including fees earned but not yet claimed.
The controller owner can raise the creator mining fee to 2%, change the signal reward share between 0% and 20%, kill strategies, and decide who may signal in a manager-led fund.
The controller owner can hand control of the fund, or of its parts, to anyone, or renounce it. Renouncing freezes the settings it controlled, including who may signal in a manager-led fund.
The description, image and links can change at any time, and the Interface cannot verify them. Names and tickers are fixed but can copy another fund’s. Mining messages are written by miners and are not verified either. The contract address is the only reliable identity of a fund, so check it before every transaction.
Nobody, including Glaze Corp, can stop a creator from using these powers, undo their effects, or remove a creator. The Interface may hide a fund, but that does not change its contracts.

12. USDC, stock tokens and other assets

How you can lose money:

An issuer can freeze, block, pause, upgrade, recall or change its token, or stop honoring it. If USDC or another asset blocks a treasury, a Mine, an auction, a reward contract or your wallet, the tokens there can be stuck for good.
A stablecoin, USDC included, can lose its peg.
Stock tokens can be halted, restricted to certain people or places, adjusted for splits and dividends, or withdrawn. A fund that holds them gives you no shareholder rights, dividends or votes.
A withdrawal can pay you a token that you are not allowed to hold or cannot sell.
The Interface screens listed tokens for transfer fees and changing balances, but each check is made at a point in time and can be wrong or out of date. Tokens added by address may not be screened the same way.
Glaze Corp cannot unfreeze, re-peg or replace a token, or make its issuer honor it.

13. Audits and known issues

How you can lose money:

A bug in any contract, including one no review found, can lock, destroy or misallocate tokens.
Known findings that are acknowledged, accepted or still pending can be exploited.
The contracts a deployment uses may differ from the code any review covered.
A review is an opinion about one version at one time. It is not a guarantee.
The deployed fund contracts cannot be patched or paused, so nobody, including Glaze Corp, can fix a bug in place or recover tokens lost to one.

14. Who controls what

How you can lose money:

Glaze Corp can raise the protocol mining fee up to 2% on every existing fund, and can change where protocol fees go, including protocol swap fees earned but not yet claimed.
Check current contract owners and fee recipients on this network. Losing or compromising an owner wallet can affect the settings it controls.
The operator of this site can change, restrict, suspend or shut down the Interface at any time, hide funds, assets or features, or change which contracts it connects to. You may then need other tools to reach the contracts directly.
Glaze Corp, its team and people connected to it may launch funds, mine, trade, hold fund tokens, fill auctions or provide liquidity, sometimes on the other side of your transactions.
Future versions of the contracts may work differently, including being upgradeable or pausable. Check which version a fund uses.
Nobody, including Glaze Corp, can reverse a confirmed transaction or take a treasury’s assets out except through withdrawal.

15. Indexer, RPC and price data

How you can lose money:

Prices, fund values, backing, market caps, returns and rankings can be stale, wrong or manipulated, for example by trading in a thin pool. Labels such as Featured, Best deal or Active now come from simple rules over this data. They are not recommendations.
A failed read can look like an empty balance or a zero value. Missing data does not prove a zero balance.
An asset the indexer misses is left out of withdrawals, and your share of it is forfeited.
The Interface can stop tracking a transaction that still confirms later. Check your wallet or a block explorer before you try again, so that you do not repeat it.
A transaction that was already sent continues on the chain whatever the Interface shows.
Only the chain is authoritative. Nobody, including Glaze Corp, can undo a transaction you sent based on wrong or stale data.

16. Wallets, keys and signatures

How you can lose money:

Fake websites, fake support accounts, fake tokens and direct messages can trick you into revealing your key or signing something harmful.
A malicious signature or approval can let someone drain your wallet. A harmful request can be dressed up as a Terms message: if a request to accept the Terms is a transaction, a token approval or a permit, or appears on a website that is not official, do not sign it.
Malware, a compromised device or faulty wallet software can sign or send without you noticing.
Tokens sent to a wrong address or on the wrong network can be lost.
Nobody can recover a lost key or reverse a signed transaction. Glaze Corp cannot revoke an approval for you or get stolen tokens back.

17. Elysium and other networks

This fund's contracts run on Elysium. Glaze Corp does not operate or control the network or the Uniswap contracts it relies on. Network naming does not imply endorsement.

A network can stop, reorganize, reorder or refuse transactions, and its operators can change its rules, fees or software.
Gas is paid in HYPE for every transaction, including ones that fail.
Bridges and third-party contracts can fail or lose assets.
Glaze Corp cannot reverse a transaction or refund gas.

18. Legal, regulatory and tax risk

How you can lose money:

A regulator or court could decide that fund tokens, mining, auctions or the Interface fall under securities, commodities, gambling, payments or other rules. That could force Glaze Corp to change or close the Interface, remove features or block access in some places, and could make tokens harder or impossible to sell.
Using this site may be illegal for you where you live or because of who you are, including under sanctions laws. The Terms of Use say who may use the Interface.
You do not get the protections that regulated products can give, such as deposit insurance or investor compensation.
Trades, mining, rewards, withdrawals and liquidity can each have tax consequences. You are responsible for your own taxes and records. Glaze Corp does not give tax advice or prepare tax reports for you.
Glaze Corp cannot shield you from a change in the law, from enforcement, or from taxes you owe.