Disclaimer

3 min read

Please review this disclaimer carefully before using Raven Market or interacting with the protocol.

1. Protocol Description

Raven Market is a decentralized digital options trading protocol built on Canton Network. It enables users to take positions on whether the price of a crypto asset will be higher or lower than a specific price at a specific time, receiving a fixed payout in CC if correct.

Raven Market consists of both proprietary and open-source software. Your use of Raven Market exposes you to a variety of risks including, but not limited to: loss of capital when digital assets are committed to the protocol via smart contracts, smart contract vulnerabilities, oracle failures, and economic risks inherent in derivatives trading. Before trading, please review the full documentation to understand how the protocol works.

2. Smart Contract Risk

Raven Market's smart contracts have been developed with care and are undergoing independent security audits. However, no audit guarantees the complete absence of vulnerabilities. Smart contracts, once deployed, cannot be patched without a protocol upgrade. There is always a risk that a technical vulnerability could result in partial or complete loss of funds committed to the protocol.

3. Oracle Risk

Settlement outcomes depend on price data delivered by the Chainlink oracle. While Chainlink is a leading decentralized oracle with strong manipulation resistance, extreme market conditions, exchange failures, or oracle infrastructure issues could theoretically affect settlement prices. In the event of oracle failure, Raven returns all stakes — however, this fallback mechanism is itself subject to smart contract and operational risk.

4. Canton Network Risk

Raven Market is built on Canton Network. Users are exposed to risks inherent in Canton's infrastructure including node failures, network outages, protocol-level changes, and limitations specific to Canton's distributed ledger technology. Canton is an enterprise-grade but relatively new public infrastructure — novel technology carries novel risks.

5. Market & Economic Risk

Digital options trading carries significant directional risk. The value of any position can go to zero at expiry if the market moves against your prediction. Payout odds reflect market-implied probabilities and do not constitute a guarantee of any outcome. Past performance does not indicate future results.

6. Regulatory Risk

The regulatory classification of digital options and decentralized protocol participation varies significantly by jurisdiction and may change over time. Users are solely responsible for determining whether their participation in Raven Market is lawful in their jurisdiction. Raven Market does not solicit users in jurisdictions where such activities are prohibited.

7. Audits

While Raven Market's protocol contracts are undergoing independent security audits, there remains a risk that assets committed to the protocol may suffer complete and permanent economic loss should the protocol's technical or economic mechanisms fail in a manner not detected during the audit process. Audit reports will be published in full when available.

8. Use at Your Own Risk