Risks

#Read this first

gitpad markets are experimental, permissionless and on a public blockchain. Only use SOL you can afford to lose entirely. Nothing on gitpad is investment advice.

#Tokens can go to zero

• Prices move with supply and demand on the pool. They can fall quickly and can reach zero.
• Early markets have little liquidity. A single large sell can move the price sharply.
• A market can have high volume and still hold little reserve. Volume is turnover, not money in the pool.
• A market may never graduate. Graduation depends on SOL staying in the curve, and sells move it backward.
• Market cap is price multiplied by total supply. It is not money anyone could withdraw.
• Token ownership can be concentrated. The 3% cap only applies to the launch's initial buy; any wallet can buy more afterward.

#No ownership of code

A repository token gives no ownership of, or rights to, the code, the repository, its name, its brand, its trademarks, or any business or organization behind it. It does not give you a share of builder fees, platform revenue, or any other income.

#A launch is not an endorsement

Anyone can launch a market for any public repository. A market existing on gitpad does not mean the maintainers approved it, know about it, or will ever engage with it. Maintainers may choose never to claim their fees. A launch is not a statement by gitpad about the quality or future of a project.

Anyone can also create tokens with similar names or tickers elsewhere. Always verify the repository and full mint address on the market page.

#Repository changes

Repositories can be renamed, transferred, archived or deleted, and their maintainers can change. The market stays tied to the repository's numeric ID, but the project behind it may change or stop. Builder fees go to whoever is a current admin at the time of a claim.

#Smart contract risk

gitpad markets run on Meteora's Dynamic Bonding Curve and DAMM v2 programs, and on the Solana SPL Token program. A bug or exploit in any of these programs could cause loss of funds. gitpad does not operate a custom Solana program for fee routing and does not control these programs.

gitpad's own code has been tested with local integration suites. No completed external security audit is claimed.

#Platform and custody risk

Some flows depend on gitpad operating correctly:

• Builder fees, discovery rewards and platform fees are controlled by gitpad's protected signers. gitpad's application decides who may receive a payout, based on GitHub admin checks and wallet signatures. This is not a trustless on-chain escrow. If those signers were lost or compromised, or the service stopped, pending builder fees and discovery rewards could be delayed or lost.
• Locked liquidity created at migration is enforced on chain and cannot be withdrawn by anyone. Additional liquidity positions created later by gitpad are not permanently locked.

See Security for what the server can and cannot sign.

#Third-party risk

gitpad depends on services it does not control:

• Solana network availability, congestion and fees;
• Meteora programs and its migration service, which performs graduation;
• GitHub, for repository identity and admin checks;
• RPC providers, for reading and submitting transactions;
• Your wallet software.

An outage in any of these can delay trades, graduation, indexing or claims.

#Data and display

Figures on gitpad come from finalized, indexed data and can lag the chain. USD values use the current SOL price and are estimates. An unavailable value is not a zero.

#Regulatory risk

The legal treatment of tokens varies by country and can change. You are responsible for complying with the laws that apply to you, including tax.