The team at ShuttleOne takes risk management and the integrity of our codes with the highest standards. It is our responsibility to highlight to you the user, the risks that are involved. These risks highlighted are not exhaustive and may be updated from time to time.
In short, DO NOT FOMO. DYOR. If in doubt, do not participate, if you need clarifications please reach out to the ShuttleOne team.
While the team at ShuttleOne takes every precaution during development and after deployment, there will always be a probability of the codes, logics and errors that happen during the contract interaction. While we caution users to use at your own risks, as a team we uphold a high level of coding integrity to mitigate these for our users.
We urge you to DYOR on our smart contracts before interacting with the protocols.
PLEASE DO NOT SEND FUNDS DIRECTLY TO THE SMART CONTRACTS. PLEASE USE OUR GUIDES AND UNDERSTAND YOUR RISKS BEFORE ANY INTERACTION WITH OUR PROTOCOLS. ANY FUNDS SENT DIRECTLY WILL NOT BE RECOVERED & THE SHUTTLEONE TEAM WILL NOT BE RESPONSIBLE.
Users may not be able to withdraw their entire funds supplied into the pools should there be a lack of liquidity in the pools. Users should always check the levels in the pools they are interacting with and exercise proper fiscal understanding. Do not supply into something that you do not understand.
ShuttleOne.Network facilitate loans to our demand markets to generate the corresponding APY% for our participants in the liquidity pools. While we too take all precaution in our on-chain credit and risk management, there is always a probability of default. In such a case of default, The participants in the pools shares the default risks (and vice versa profits) equally based on the utilization ratio.
We will be introducing a series of innovative token models to hedge and safeguard this risk in the near future with Vaults and NFTs.
Generating yields depends on the utilization ratio of liquidity supplied vs liquidity demanded. There may not be enough qualified and credible borrowers to generate quality profits in return. Therefore your liquidity supplied may not be working 100%. Please check your profits from the dashboard to verify your actual returns.
We are required by the Monetary Authority of Singapore to post this risk advisory for anyone who interacts with our products.
"The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token service provider. Before you pay your DPT service provider any money or DPT, you should be aware of the following.
1. Your DPT service provider is exempted by MAS from holding a licence to provide DPT services. Please note that you may not be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
2. You should not transact in the DPT if you are not familiar with this DPT. Transacting in DPTs may not be suitable for you if you are not familiar with the technology that DPT services are provided.
3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens."
*dpt = Digital Payment Tokens.