1. Beta Software Risks:

  • Otto is currently in Beta testing.
  • Expect potential bugs, errors, inaccuracies, and unexpected behavior.
  • Features may change, and the service could become temporarily or permanently unavailable.
  • Use only small amounts you can afford to lose.

2. DeFi Protocol Risks:

  • Smart Contract Vulnerabilities: Contracts (even audited ones used by third parties like Li.Fi, Pendle, or Hyperliquid) can have bugs or vulnerabilities. Otto interfaces with these protocols but doesn’t control their security.
  • Yield & Lending Risks: Strategies on protocols like Pendle involve complex tokenomics. Yields are not guaranteed and can change. You are exposed to the risk of the underlying protocol.
  • Perpetual Trading & Leverage Risks: Trading perpetual futures on platforms like Hyperliquid is extremely risky.
    • Leverage: Magnifies both gains and losses. You can be liquidated and lose your entire margin.
    • Volatility: Prices can change rapidly, leading to swift liquidations.
    • Funding Rates: You may have to pay or receive funding rates, which can impact your profitability.
  • Impermanent Loss: Providing liquidity to Automated Market Makers (AMMs) can lead to impermanent loss.

3. AI Limitations:

  • The AI assistant may provide inaccurate, incomplete, or outdated information or analysis.
  • Do not rely solely on the AI for making financial decisions. Always verify information independently and conduct your own research (DYOR).

4. Third-Party Service Risks:

  • Otto utilizes services like Li.Fi for swap/bridge routing and AI LLMs for chat features.
  • Otto is not responsible for the performance, security, or availability of these external services. Your use of these features is also subject to their respective terms.

By using Otto, you acknowledge and accept these risks. Exercise caution and due diligence in all your DeFi activities.