Risk Disclosure

Last updated: 2026-10-25Version: 2026-10-4

This Risk Disclosure is part of the Degenly Terms of Use. Degenly is operated by Kervan LLC. Before your first trade, Degenly asks you to confirm that you have read it.

Memecoins are extremely risky. Most lose all their value. Only trade what you can afford to lose.

This page lists the main risks. It cannot list every risk. If you do not understand these risks, do not trade.

1. Memecoin risk

You can lose everything. The price of a memecoin can fall to zero, quickly and without warning. Most newly launched memecoins lose all or almost all of their value.
Extreme volatility. Prices can move by large percentages within seconds. A price you see may already be out of date when your transaction runs.
No rights, no value behind it. A memecoin usually gives you no share in a business, no income, no voting right, no claim on any asset and no promise from anyone. Its price depends only on what other people are willing to pay.
No investor protection. Memecoins are not bank deposits and are not covered by any deposit insurance, investor compensation scheme or securities-law protection. Degenly is not registered with any financial regulator.
Liquidity can disappear. There may be no buyer when you want to sell, or only at a much lower price. A pool can be emptied, and a token can stop trading.
Rules can change. Laws and regulators' views on crypto-assets differ by country and can change. A change can make a token harder or impossible to trade, or affect its value.
Tax. You are responsible for any tax on your trades. Degenly does not give tax advice and does not prepare tax reports.

2. Scams, rug pulls and fake tokens

We do not create, audit, approve or vouch for any token. Anyone can launch a token on any network Degenly supports, and the tokens in Degenly are listed automatically from public data. Appearing in Degenly does not mean a token is legitimate.
We never describe a token as free of risk, checked or approved by us. No such label exists in Degenly.
Rug pulls. Creators or large holders can sell their holdings or remove liquidity at any time, which can make the price collapse.
Fake and copycat tokens. Scammers create tokens with the same name, symbol or logo as other tokens. Always check the token's contract (mint) address before you trade.
Honeypots and trap tokens. Some tokens are built so that you can buy but cannot sell, or can only sell at a large loss.
Creator powers. If mint authority is active, the creator can create more tokens at any time and dilute your holding. If freeze authority is active, the creator can freeze token accounts, which can stop you from selling. Some tokens charge a transfer fee on every transfer.
Concentrated holdings. When a few wallets, the creator, "bundlers", "snipers" or "insiders" hold a large share of a token, they can move or crash the price.
Token contracts on Ethereum, Base and BNB Chain. A token contract on these networks can charge a tax on buys, sells or transfers, block sales from some wallets, or let its owner change these rules after you buy. A tax can leave you with much less than the quote, and a blocked sale can leave you unable to sell at all.
Token checks are data, not a verdict. Degenly's token checks and flags only report objective, published measures, such as mint and freeze authority, holder concentration, creator holdings, liquidity and transfer fee. They come from third-party data and may be missing, late or wrong. A token can pass every check and still go to zero.
Honeypot checks on Ethereum, Base and BNB Chain come from a third party, honeypot.is. Some tokens cannot be checked; Degenly then shows "Not checked", which never means that a token passed. Degenly does not offer a buy when the check reports a honeypot, and before a buy it checks that a sale route exists and simulates the transaction. These checks can miss a trap, and they cannot stop a token owner from changing the contract later.
Impersonation. Our official site is degenly.app. We never send the first direct message, never run "support" in direct messages, and never ask for your recovery phrase or private key.

3. How swaps work, and what can go wrong

Slippage. The price can move between the quote and the moment your transaction runs. Your slippage limit is the most the price can move against you before the swap is cancelled. A higher limit makes it more likely that your swap goes through at a worse price.
Price impact. A large trade in a small pool moves the price against you. Degenly shows the price impact before you sign.
MEV and front-running. Other parties can see pending transactions and trade in front of or around yours (for example a "sandwich attack"), so that you receive less. On Solana, Degenly sends swaps through Jupiter's transaction pipeline, and the "MEV protection" line in the swap panel describes that path. It may lower this risk; it cannot remove it, and we do not control how Jupiter sends transactions. On Ethereum, Base and BNB Chain, your wallet sends the transaction to the public network with no MEV protection, and the swap panel shows "None"; your slippage limit is the most you can lose this way.
Failed transactions still cost network fees. If a transaction fails or expires, nothing is swapped, but you may still pay a network fee. The Degenly fee is taken only when a swap succeeds.
Quotes expire. A quote is valid only for a short time. An old quote may not match the market.
Stale or missing data. Prices and other data can be delayed or unavailable. Degenly marks old prices as Stale and locks trading when data is too old, but these protections can fail.
Network risk. Every network Degenly supports (Solana, Ethereum, Base and BNB Chain) can be congested, slow, halted or attacked. Transactions can be delayed, dropped or reordered.
Software risk. Smart contracts, Jupiter, KyberSwap and its router contract, liquidity pools, wallets and Degenly itself can contain bugs or be attacked. Simulation and the allow-list of programs and router contracts in Degenly reduce some risks; they cannot remove them.
Token approvals (Ethereum, Base and BNB Chain). Before you sell a token on these networks, your wallet may ask you to approve KyberSwap's router to spend that token. This is a separate transaction with its own network fee. Degenly asks only for the exact amount of the sale, never for an unlimited amount. If the sale then does not go through, the approval can stay in place; you can reset it to zero in your wallet or with a block explorer's token approval tool. Approvals you gave on other sites, especially unlimited ones, can let those sites move your tokens.
High network fees on Ethereum. On Ethereum, network fees can be high and change quickly. On a small trade they can be a large part of the amount, and a sale can need an approval transaction as well. Degenly shows the network fee before you sign and asks you to confirm when it is high compared with the trade, but the fee you finally pay is set by the network.
Wrong network. Degenly shows each token on its own network and asks your wallet to switch when needed. Degenly does not offer bridges or transfers between networks. Tokens sent on the wrong network, or to an address that belongs to another network, may be lost, and we cannot recover them.
Base sequencer. Base puts transactions in order through a single sequencer. If the sequencer stops or slows down, swaps on Base can be delayed or fail, and you may be unable to sell during that time.
Fast mode and one-tap trades. Fast mode is available only on Solana. In Fast mode a preset tap skips Degenly's review step when the quote is inside your limits. You see less detail before you sign, and mistakes are easier. With an External wallet, your wallet app still asks you to approve. With a Degenly wallet, a tap can sign and send the swap at once, so a wrong tap can become a trade.

4. Your wallet

Transactions cannot be reversed. Once confirmed on-chain, a transaction cannot be cancelled or refunded by us or by anyone else.
Lost keys cannot be recovered. We never have your private key or recovery phrase and cannot restore access to your wallet.
Read what you sign. Check every transaction your wallet asks you to approve. Do not sign transactions or messages from sites you do not trust.
Device and wallet security are your responsibility. Malware, phishing and compromised devices can lead to the loss of all assets in a wallet.
If you use a Degenly wallet:
- Your email, Google or Apple account and your passkey work like keys. Someone who takes over one of them may be able to take your funds.
- During a trading session, anyone with access to your open browser can trade from your wallet without another approval.
- If you lose all your login methods and did not export your keys, nobody, including us and Para, may be able to restore access.
- The Degenly wallet depends on Para. If Para's service is down or ends, you may be unable to use the wallet in Degenly until it returns or until you use your exported keys.
- An exported key gives full control of the wallet to whoever holds it.

5. Degenly's service

No advice. Lists, columns, filters, charts, alerts, portfolio figures and share cards are information only. Lists are ordered only by the objective measure shown on screen. Nothing in Degenly tells you what to buy or sell.
Estimates. Total cost, PnL, fill reports and portfolio values are estimates. They may leave out costs, especially for trades made in other apps.
Availability. Degenly, or trading on it, may be paused or stopped at any time, including when you want to sell. Your assets stay in your wallet. With an External wallet you can use another app to trade them. With a Degenly wallet you can withdraw them or export your keys, but only while those functions and Para's service are available; this is why we recommend exporting a backup early.
Third parties. Jupiter, KyberSwap, Para (the Degenly wallet's key technology), data providers (including honeypot.is), RPC providers and wallets are run by others. Their failures can affect your trades and your access to your wallet.
Regional blocks and your local law. If you are in, or move to, a Restricted Region listed in the Terms of Use, you cannot use Degenly. Degenly being reachable from your country does not mean it is lawful for you to use it there; checking that is your responsibility.

6. Your confirmation

By trading on Degenly you confirm that:

you have read and understood this Risk Disclosure;
you are trading with money you can afford to lose completely;
you are making your own decisions and are not relying on Degenly for advice;
you meet the age and location requirements in the Terms of Use.

Questions: support@kervandeveloper.com