Risk Disclosure

This Risk Disclosure ("Disclaimer") supplements our Terms of Use. Read it before using the GoldenClaw service. If you do not understand any part, consult a qualified independent professional. By accessing or using the Service, you acknowledge that you have read, understood, and accepted every risk described below.

1. We are infrastructure, not a financial-services provider

GoldenClaw provides a developer infrastructure layer that connects AI agents and software clients to third-party trading venues. We are not, and we do not act as:

• An investment advisor, financial advisor, broker-dealer, fiduciary, exchange, custodian, money transmitter, securities firm, futures commission merchant, commodity trading advisor, gambling operator, prediction-market operator, or licensee of any of the foregoing;
• The counterparty to any trade or position you initiate;
• A custodian of your funds — your funds are held by the third-party venue you instruct us to connect to;
• A source of investment, financial, tax, legal, or accounting advice.

Nothing on the Service constitutes a recommendation to buy, sell, hold, hedge, or otherwise transact in any cryptocurrency, derivative, future, prediction-market position, or any other instrument — regardless of how it appears (indicator output, AI-generated commentary, dashboard chart, documentation example, blog post, support reply, marketing material).

2. You are responsible for every action taken through your account

You are solely responsible for:

• Configuring your account, API keys, and connected clients;
• Selecting which AI agent, model, or automation has access to your account;
• Reviewing every prompt, instruction, configuration, and rule set that may cause an order to be placed;
• Setting appropriate position size limits, daily loss limits, stop losses, and circuit breakers on your own side;
• Monitoring open positions, especially during periods of market volatility, leverage, and outside business hours;
• Maintaining sufficient margin or balance at the third-party venue;
• Closing positions when you choose to discontinue using the Service;
• Filing all tax returns and complying with all reporting obligations arising from your trading activity.

We do not enforce risk discipline on your behalf. We do not pre-approve trades. We do not validate strategies. We do not stop you from taking imprudent action.

3. AI agents and automated execution

If you connect an AI agent (Claude, GPT, Cursor, Windsurf, or any other model or automation) to the Service:

• The AI agent's actions are your actions. An order placed by an AI agent on your behalf is a trade you authorized, even if the model produced unexpected output, hallucinated, misinterpreted your prompt, or took action outside your intent.
• AI models can and do produce erroneous output. They can misread market data, mis-quote indicator values, miscalculate position sizes, place orders for the wrong symbol, side, or quantity, retry destructively, or fall into recursive loops. We make no warranty about the behaviour of any AI model.
• Model providers (Anthropic, OpenAI, etc.) are independent third parties. We do not control, endorse, or guarantee any model's output.
• You are responsible for testing your AI-agent setup with simulated, paper, or minimal-size live activity before deploying it with material capital.
• You are responsible for circuit-breakers in your own client (per-trade caps, daily loss caps, kill switches), regardless of any infrastructure-level controls we may operate.
• You are responsible for revoking API keys, rotating credentials, and disconnecting agents the moment you observe behaviour outside your expectations.

4. Cryptocurrency trading risks

Cryptocurrency markets are speculative and highly volatile. By using crypto-trading features of the Service you specifically acknowledge:

4.1 Total loss

You may lose your entire capital. On leveraged products (futures, perpetuals, COIN-M futures, margin), you may lose more than your initial deposit through liquidation, funding payments, and adverse price movement.

4.2 Volatility

Crypto markets trade 24/7. Prices can move tens of percent within minutes. Order books can thin. Liquidity can disappear, especially in illiquid pairs and smaller venues.

4.3 Slippage and order quality

Limit orders may not fill. Market orders may fill at prices materially worse than displayed. Stop orders may trigger at unexpected prices during fast moves. Order book depth may be insufficient for your size.

4.4 Funding, fees, and basis risk

Perpetual futures incur funding payments. Spot has trading fees. Margin has interest. Cross-venue arbitrage strategies face execution risk and basis risk. All fees, funding, and interest are debited by the third-party venue and are entirely your responsibility.

4.5 Venue risk

Third-party venues can experience: scheduled or unscheduled downtime; matching engine failures; deposit/withdrawal freezes; security incidents; regulatory action including license revocation, asset freeze, or complete shutdown; insolvency. We do not guarantee venue availability and we have no control over the funds you deposit there.

4.6 Smart contract and on-chain risk

Trades involving on-chain settlement, decentralized exchanges, or wrapped tokens are exposed to: smart-contract bugs and exploits; chain reorganizations; gas spikes; bridge failures; oracle manipulation; governance attacks; protocol forks. We do not audit smart contracts or chains.

4.7 Forks, airdrops, and asset eligibility

We do not guarantee support for specific cryptocurrencies, forked assets, airdropped tokens, or rebasing assets. We do not facilitate the claim or transfer of forked or airdropped assets.

4.8 Stablecoin de-pegging

Stablecoins are not guaranteed to maintain their peg. Past depegging events have caused substantial losses to participants.

5. Prediction-market risks

Prediction markets carry distinct risks beyond standard market risk.

5.1 Legal status

The legal status of prediction markets varies dramatically by jurisdiction. In some jurisdictions they are licensed; in others they are unlicensed financial instruments; in others they are illegal gambling. You are solely responsible for confirming that your participation is lawful in your jurisdiction. Where prediction-market features of the Service are restricted by us, you must not access them.

5.2 Resolution risk

A prediction-market position resolves based on the outcome of a real-world event as determined by the venue or its oracle. Resolution may be delayed, disputed, partially refunded, or wrong, depending on the venue's resolution mechanism. Some venues operate adversarial dispute systems that can change the outcome days after the event.

5.3 Outcome ambiguity

Many prediction markets concern events with ambiguous or contested resolution criteria. Read the venue's market description carefully — we surface market metadata but do not interpret it for you.

5.4 Liquidity and pricing

Prediction-market liquidity is typically thinner than spot crypto markets. Order books can be one-sided. Prices may diverge from probability estimates and may not converge until close to resolution.

5.5 Counterparty and custody

The prediction-market venue holds your position and (where applicable) your collateral. We do not. Venue insolvency, hack, regulatory action, or unilateral terms change can result in total loss.

5.6 Age, gambling, and addiction

Prediction-market participation may involve risk of addiction. If you or someone you know is struggling with gambling or compulsive trading, please seek help. Resources include: [REQUIRES INPUT: jurisdiction-appropriate hotlines — e.g., GamCare (UK), National Council on Problem Gambling (US), Gamblers Anonymous].

6. Past performance and no guarantee of results

6.1 Past performance

Backtests, indicator histories, market data, and any historical performance shown through the Service:

• Are based on historical data that may contain errors, gaps, or revisions;
• Do not include all real-world frictions (slippage, fees, funding, market impact);
• May rely on data points (closing prices, OHLCV bars) that did not exist at the moment a real trader could have acted;
• Are not predictive. Past performance is not indicative of future results.

6.2 Indicator outputs

Technical indicators (RSI, MACD, Bollinger Bands, ATR, and any other) are mathematical transformations of historical price data. They have no predictive guarantee. They are tools for analysis, not signals to trade.

6.3 No simulated-trading guarantee

If we offer paper trading, simulation, or backtesting features, results obtained on those features have no bearing on your live trading outcomes.

7. Operational risks

7.1 Service availability

The Service is provided "as is" and "as available." We do not commit to a service-level agreement (SLA) unless one is signed separately. Outages, maintenance windows, latency spikes, and degraded performance occur.

7.2 Order execution

We proxy orders to third-party venues. Order success or failure depends on:

• Venue API behavior and uptime;
• Internet connectivity;
• Network latency;
• Rate limits imposed by the venue;
• Our infrastructure availability;
• Validity of your account credentials and permissions on the venue.

We do not guarantee that your order will be received, accepted, executed, or cancelled by the venue. We do not guarantee execution price.

7.3 Market data

Market data shown through the Service is sourced from third-party venues and may be delayed, incomplete, or contain errors. You should not rely on it for time-critical decisions without independent verification.

7.4 Kill switches and protective controls

We may suspend an API key, throttle requests, or disable features without notice based on rate-limit abuse, anomalous order volume, fraud heuristics, regulator inquiries, or operational risk. Such suspension may prevent you from cancelling or closing positions through our Service — you must use the venue directly in those cases.

7.5 Force majeure

Acts of God, war, sanctions, governmental action, pandemic, internet outages, blockchain network outages, smart-contract bugs, hacks of third-party venues or processors, denial-of-service attacks, and other events beyond our reasonable control may interrupt the Service. We are not liable for resulting losses.

8. Tax responsibility

Trading cryptocurrencies and prediction markets generates taxable events in most jurisdictions, including:

• Capital gains and losses;
• Ordinary income (e.g., from staking, lending, yield);
• Gambling winnings (in some jurisdictions, for prediction markets);
• VAT/GST in limited cases.

You are solely responsible for tracking your own cost basis, P&L, and tax filings. We do not issue tax forms (no IRS Form 1099, no equivalent) for trading activity. Subscription tax (VAT/GST on the GoldenClaw subscription fee) is handled by Paddle as our Merchant of Record.

Consult a qualified tax professional in your jurisdiction.

9. Third-party providers and AI model providers

The Service interoperates with third-party model providers (Anthropic, OpenAI, etc.) and third-party trading venues. These providers operate under their own terms and policies. We are not responsible for their actions, outages, security incidents, or policy changes.

In particular:

• Model providers may retain prompts, train on data, or change pricing at their discretion;
• Trading venues may freeze withdrawals, change fee schedules, delist assets, or suspend your venue account;
• Wallets and self-custody solutions are entirely your responsibility.

10. Fraud, social engineering, and phishing

Beware of:

• Phishing emails impersonating GoldenClaw — we will never ask for your password, two-factor codes, or full venue API secrets by email;
• Fake support accounts on social media
• Scams promising guaranteed returns or "AI trading bots that never lose" — these are fraudulent;
• Unsolicited offers to "increase your API limits" in exchange for credentials.

We will never:

• DM you first on social media;
• Ask for your password;
• Ask for your seed phrase;
• Ask you to install third-party software outside the Service.

If you suspect fraud, contact [REQUIRES INPUT: security@ email] immediately.

11. Geographic restrictions

The Service is not available to residents of, or persons located in, jurisdictions where the use of the Service or specific features (notably prediction-market features) would violate local law, including:

• Comprehensively sanctioned jurisdictions (Cuba, Iran, North Korea, Syria, Russia, Crimea, Donetsk, Luhansk, and any others as updated);
• Jurisdictions where unlicensed prediction markets are prohibited (currently including, but not limited to, the United States, the United Kingdom, France, Australia, Singapore — confirm before use);
• Jurisdictions specifically restricted in our Terms of Use.

You are responsible for confirming legality in your jurisdiction before each use.

12. Acknowledgement

By accessing or using the Service, you confirm that:

1. You have read and understood this Risk Disclosure;
2. You have the financial means to bear a complete loss of all capital used in connection with the Service;
3. You are not relying on us, our employees, AI agents, indicators, or any content delivered through the Service for investment decisions;
4. You will not bring any claim against us for losses arising from market movements, AI-agent behaviour, third-party venue actions, or events outside our reasonable control.

If you do not agree, do not use the Service.

13. Contact

Questions about this Risk Disclosure: support@goldenclaw.sh.