Tezos Staking Risk Disclosure - Money Every 3 Days
Service Nature
Money Every 3 Days operates as a non-custodial Tezos baking service. As your baker, we never have access to or control over your funds - they remain fully in your control at all times.
User error Risks
- Potential partial or complete loss of funds due to improper private key management
- Downloading malicious software
- Typing in your backup seed phrase on a computer
- Sending tezos to a wrong address
- Sending tezos using a network other than Tezos
Technical Risks
- Protocol-level slashing risks in case of baker double-baking events (Money Every 3 Days will not be held liable for such events)
- Protocol-level vulnerabilities or technical failures
- Network downtime or technical issues affecting reward distribution
Market and Regulatory Risks
- Cryptocurrency price volatility
- Exchange delisting risk
- Changes in regulatory environment
- Tax implications (consult your tax advisor)
- Potential changes to staking mechanisms or reward structures
Staking-Specific Risks
- Delegators who opt for slashing-enabled staking (otherwise referred to as 'Staking') face higher risks alongside potentially higher rewards (2X compared to traditional delegation)
- Delegation and staking rewards may vary based on network participation and overall staking rates
- Unstaking periods may apply, affecting liquidity
- Network upgrades or governance decisions may impact delegating and staking parameters
Important Notes
- Cryptocurrency regulations in Australia are currently in development with a 12-month transition period
- Past performance does not guarantee future results
- You should only delegate and stake funds you can afford to lose
- Consider consulting with financial and legal advisors before participating
The above list of risks is not exhaustive, and other unforeseen risks may arise. Participants should conduct their own due diligence before engaging in Tezos delegation or staking.