Risks
Smart Contract Vulnerabilities: The deposit contract may contain bugs or security flaws, potentially leading to loss of funds. Even with thorough audits, undiscovered vulnerabilities can exist. Our contracts have been audited, which you can review and assess on our Audit page found here.
Deposit Contract: stMOVE will be launching as a deposit contract only. Please note that once you deposit your move into the stMOVE contract, this move will not be redeemable until Movement Labs goes to main net. This is expected to happen in Q1. Please visit Movement Labs, join their discord, and follow their X account at https://x.com/movementlabsxyz for updates to their main net. Please note, once your MOVE is deposited into the stMOVE contract, you will not be able to unstake it, under any circumstances until main net in q1 2025.
Market Volatility: The value of staked assets and their derivatives can fluctuate due to market conditions. Price swings may impact the value of your holdings, especially if the underlying assets experience significant volatility.
Operational Risks: The success of liquid staking depends on the operational integrity of the staking infrastructure. Issues such as system downtime or technical failures can affect staking rewards and the security of your assets.
Regulatory Uncertainty: The regulatory environment for staking and related financial products is evolving. Changes in regulations could impact the legality or profitability of liquid staking activities.
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