Risk disclaimers
Steady is designed to be a low-risk, stable, transparent instrument — but no financial instrument is without risk, and it's important to be clear about what Steady is and is not.
What Steady Is Not
- Steady is not e-money. It has no monetary value function, no payment use case, and is not accepted by third parties as a means of payment.
- Steady is not a security in the equity sense, and confers no ownership rights. Holding STDY does not grant any ownership stake in Steady Protocol, the company, or its underlying assets. Holders own STDY tokens — not Steady as a company, and not the reserve assets directly.
- Steady is not a fund or collective investment scheme. There is no pooled investment strategy and no discretionary investment management. STDY should not be understood as a unit in a fund.
Steady does not make promises or guarantees about future performance. The APY reflects the performance of the underlying reserve assets (primarily short-term U.S. Treasury Bills) for Steady Protocol, which is then rebased into the protocol adjusting the supply to reflect up to 95% of the performance of the underlying. This performance varies with market conditions. We do our best to achieve Steady's goals — stable, transparent, reliable performance shared with holders — but outcomes are not guaranteed. The APY is variable and depends on market conditions; it is not fixed and not promised. Past performance of the underlying (including historical T-Bill averages) is a reference point, not an assurance of future results.
General Risk
As with any financial instrument, holding STDY carries risk. This includes, among others, market risk (changes in interest rates affecting the performance of the underlying), operational risk, smart contract and technology risk, and regulatory risk. Prospective holders should evaluate these risks in light of their own circumstances and seek independent advice where appropriate.
