# Welcome to Rysk Rysk is the volatility yield layer of DeFi.
Rysk is a **DeFi volatility yield protocol** introducing a **new on-chain primitive for covered calls and cash-secured puts.**\ It makes **option strategies accessible**, enabling anyone to earn **upfront premiums** on any asset by setting a price they are willing to sell higher or buy lower.\ All positions are executed fully on-chain, transparently, with no liquidations or counterparty exposure. Trades on Rysk are executed through a **Request for Quote (RFQ)** mechanism.\ Covered calls and cash-secured puts are priced by counterparties through a fast on-chain auction, and the best bid is displayed to the user.\ When the user confirms, the trade executes immediately on-chain and the premium is transferred directly to their wallet.\ Collateral remains locked in smart contracts with no access by external parties, and settlement at expiry is handled automatically by the protocol. Rysk brings volatility yield fully on-chain with a design made for DeFi: transparent, composable, and open to anyone. **Key Features** * **Upfront Premiums:** Receive option premiums instantly. * **Multiple Strikes and Expiries:** Choose strike and maturity to define yield and risk. * **Multi-Asset Support:** Works across **ETH, BTC, HYPE, LSTs, LRTs** and any supported asset. * **Transparent Execution:** Every position is on-chain, verifiable, and fully collateralized with no liquidation risk. * **Fair Pricing:** The RFQ system sources live quotes from multiple counterparties for efficient execution. * **No Counterparty Risk:** All collateral remains in Rysk smart contracts with no rehypothecation or counterparty access. Rysk is **currently live on HyperEVM** mainnet {% hint style="info" %} App: Twitter: [@ryskfinance](https://twitter.com/ryskfinance) Telegram Group: DefiLlama: {% endhint %} # Problem
**Yield and Structured Products** Yield is one of the core use cases of DeFi.\ Structured products built on options strategies are among the most effective ways to generate yield from volatility.\ In traditional markets, strategies such as covered calls and cash-secured puts allow investors to earn income on their assets by selling optionality.\ These products are used at scale by funds, institutions, and treasuries to generate income while taking advantage of options mechanics to sell higher or buy lower. **Current State in Crypto** In crypto, similar structured products exist but mainly off-chain through OTC desks.\ These venues are private, require large minimum sizes, long on-boarding and rely on manual processes and trusted intermediaries, introducing significant counterparty risk.\ As a result, they are inaccessible to most users and lack the transparency and composability that define DeFi. On-chain alternatives have so far failed to reach scale.\ They are often difficult to use, designed for professional traders, or constrained by low liquidity and rigid execution models. These limitations show a clear gap: DeFi still lacks a scalable way to capture volatility yield on-chain. **Why Previous Approaches Failed** * **Complexity:** Most DeFi options protocols are built for sophisticated traders. * **Illiquidity:** Markets are fragmented and not composable with the broader DeFi ecosystem. * **Counterparty Risk:** OTC models require users to hand over collateral, introducing high counterparty exposure. * **Low Automation:** Pricing and execution remain manual and slow. * **Unsustainable Models:** DOVs proved user demand but could not scale due to pooled risk and rigid design. **The Opportunity** Structured products using options strategies are a proven way to turn volatility into income.\ DeFi lacks an accessible, customizable, and fully on-chain framework for these products, one that brings volatility yield to everyone with the benefits of composability, transparency, and automation. # Solution: Rysk V12 A New DeFi Primitive for Volatility Yield In DeFi, core assets generate limited yield despite being the most widely held.\ Structured products built on options strategies such as covered calls and cash-secured puts are a proven way to earn income from volatility.\ Until now, these strategies have not worked on-chain at scale due to complexity, rigid designs, and the reliance on pooled vaults. Rysk introduces a new on-chain primitive that brings these structured products fully on-chain.\ It combines collateralized settlement, transparent pricing, and automated execution in a model designed for DeFi.\ All positions are physically settled, fully collateralized, and executed end to end on-chain.
**How Rysk Works** Rysk replaces vault-based execution with a live Request for Quote (RFQ) model.\ Each trade is priced through an on-chain auction between users selling volatility and counterparties buying it.\ Once confirmed, trades execute instantly and premiums are paid upfront in USD. Collateral is locked in Rysk smart contracts and settlement occurs at expiry.
**No Vaults**\ Each position is independent and settled individually, without pooled risk or predefined schedules. **Physically Settled and Fully Collateralized**\ Collateral is locked per position, removing counterparty risk and ensuring deterministic outcomes. **Instant Premiums**\ Premiums are paid immediately upon execution. **Composable Across DeFi**\ The protocol supports multiple assets including ETH, BTC, HYPE, stables, LSTs and LRTs, making volatility yield accessible across ecosystems. **Fair and Transparent Pricing**\ The RFQ model sources live bids for each trade, ensuring competitive and efficient execution. **What This Solves** Rysk provides the infrastructure layer for on-chain structured products.\ It allows any participant to access volatility yield with the benefits of DeFi such as transparency, composability, and full collateralization.\ By rebuilding options-based income strategies as composable primitives, Rysk transforms volatility into a sustainable source of real yield for DeFi. # PROTOCOL AND PRODUCT # How it works Rysk operates through two core components that work together to bring covered calls and cash-secured puts in DeFi. 1. **The Protocol:** handles collateralization, settlement, and options logic. 2. **The RFQ System:** executes trades through efficient auctions that determine the premium for each option trade.
### **1. The Protocol** The options contracts are fully on-chain, utilizing the highly battle-tested and audited Opyn/Rysk Gamma Smart Contracts. The protocol manages all on-chain logic related to position lifecycle, collateral, and settlement. It defines how covered calls and cash-secured puts are structured, how collateral is held, and how payouts are executed at expiry. #### Contract Specifications: * **European-style** options * **Collateralization:**\ Each position is fully collateralized and **physically settled** at the time of trade. * For covered calls, the seller deposits the underlying asset (for example, HYPE). * For cash-secured puts, the seller deposits stablecoins equal to the strike value. Collateral remains locked in the smart contracts until expiry. There is no rehypotetication, liquidations, or external custody. Funds can't be accessed before expiry. * **Settlement:**\ All contracts are **physically settled**. At expiry, the **Stork oracle** publishes the reference price for each asset. If the options expires in the money and need to be settled, the collateral is **physically exchanged** at the strike price #### **2. The RFQ System** The RFQ (Request for Quote) engine handles trade execution and pricing between users opening covered calls and cash secured puts positions and the counterparties. When a user selects an asset, strike, and expiry, the RFQ engine requests live bids from integrated makers. Each bid represents the premium that counterparties are willing to pay for the option. * The best bid is displayed to the user in real time. * Once confirmed, the trade executes immediately on-chain. * The user receives the **premium upfront** in **USD.** * Collateral is locked until expiry. This model ensures efficient and competitive pricing, instant execution and scalability. #### Become a Counterparty The RFQ system is open to to anyone interested in bidding to buy options. If you are interested in integrating, please reach out to the telegram group () for technical documentation and integration support. # Products #### **Overview** Rysk enables users to earn upfront yield from volatility through two products: **Covered Calls** and **Cash-Secured Puts**.\ Both allow users to define a price where they are comfortable selling higher or buying lower and receive the premium instantly. #### **Covered Calls: Get Paid to Sell Higher** Covered calls let users earn yield while setting a target price to sell their assets.\ The position represents **holding the underlying asset and selling a call option against it**, creating a short call exposure backed by full collateral. Example:\ If ETH is at $3,500 and the user is comfortable selling at $4,000 in one month, they can sell a covered call at that level and receive an upfront premium immediately in USD. At expiry: * If ETH stays below $4,000, the user keeps the ETH and the premium. * If ETH rises above $4,000, the user receives $4,000 per ETH and keeps the premium. {% hint style="success" %} Covered calls are suited for users who already hold an asset and want to **generate yield while being willing to sell at a higher price**. {% endhint %} {% hint style="info" %} **Summary:** Get paid today to sell higher later {% endhint %} {% hint style="warning" %} **Trade-off:** If the asset rallies significantly, it may be sold below the future spot price {% endhint %} #### **Cash-Secured Puts: Get Paid to Buy Lower** Cash-secured puts let users earn yield while setting a target price to buy an asset lower.\ The position represents **selling a put option collateralized by stable assets**, creating a short put exposure backed by full collateral. Example:\ If ETH is at $3,500 and the user wants to accumulate if it dips to $3,000, they can sell a cash-secured put at that level and receive an upfront premium immediately in USD. At expiry: * If ETH stays above $3,000, the user keeps the stable collateral and the premium. * If ETH falls below $3,000, the user buys ETH at $3,000 and keeps the premium. {% hint style="success" %} Cash-secured puts are ideal for users who want to **earn yield while waiting to buy assets at cheaper levels**. {% endhint %} {% hint style="info" %} 💡 **Summary:** Get paid today to buy cheaper later. {% endhint %} {% hint style="warning" %} ⚖️ **Trade-off:** If the asset falls sharply, it may be purchased above the future market price. {% endhint %} #### **Use Cases** **1. Earn While Managing Buy or Sell Targets** * **Covered Calls:** Earn yield while setting take-profit levels on assets already held. * **Cash-Secured Puts:** Earn yield while setting buy-the-dip levels to accumulate assets at lower prices. This approach suits users who already know their desired entry or exit levels and want to generate income while waiting for the market to reach them. **2. Earn Through Market Speculation**\ Users can also sell covered calls or cash-secured puts purely to collect premiums, expecting the market to remain within a certain range until expiry. * Selling covered calls expresses a view that prices will stay below the strike. * Selling cash-secured puts expresses a view that prices will stay above the strike. If the price does not reach the strike at expiry, the position expires unexercised, and the user keeps both the collateral and the entire premium as profit. # How to use Rysk ### How to Use Rysk Getting started depends on whether you already have funds on HyperEVM. If you already have funds on HyperEVM, skip straight to Step 2. ### 👉 Step 1: Bridge to HyperEVM You can use Unit () on Hyperliquid: 1. Go to: [app.hyperliquid.xyz](https://app.hyperliquid.xyz/?utm_source=chatgpt.com) 2. Connect your wallet, click “Establish Connection” and sign the message. Then click “Enable Trading” and sign the message 3. Click “Deposit” 4. Select your token (e.g. ETH) and then the chain (e.g. Ethereum Mainnet) 5. Copy the deposit address and send funds. Double check the notice on Hyperliquid to make sure chain and token are correct {% hint style="info" %} Start with a small test amount. Within \~30 seconds, your balance should show up on Hyperliquid. You will also need some HYPE for gas on HyperEVM if you don’t have any. The easiest way is to swap part of your asset into USD on Hyperliquid spot markets, then buy a small amount of HYPE directly on Hyperliquid spot. {% endhint %} Alternatively those bridges have the integration with HyperEVM: * Across: [https://across.to](https://across.to/) * DeBridge:
### 👉 Step 2: Use Rysk Once your funds are on HyperEVM, go to[app.rysk.finance](https://app.rysk.finance/?utm_source=chatgpt.com): **Connect your wallet**
Select [Covered Calls](/getting-started/protocol-and-product/products#covered-calls-get-paid-to-sell-higher) or [Cash-Secured Puts](/getting-started/protocol-and-product/products#cash-secured-puts-get-paid-to-buy-lower) with the top buttons
Pick the asset you would like to use (ETH, HYPE, etc.)
Pick the expiry
Pick the target price. For covered calls: the price you are willing to sell at (higher). For cash-secured puts: the price you are willing to buy at (lower)
**Select size and Rysk’s RFQ will find the best quote for you** Deposit the asset. For covered calls: deposit the underlying (e.g. ETH or HYPE). For cash-secured puts: deposit stablecoins equal to the strike (e.g. to buy 1 ETH at $3,000, deposit 3,000 USDT0).\ The displayed APR is a reference metric showing the **annualized value of the upfront premium**.
Confirm the trade to receive your upfront premium instantly in USDT0.
At expiry, Rysk handles all settlement automatically. No manual action is required from the user.\ Funds are typically distributed within about two hours after expiry, which occurs at **8:00 AM UTC**.
You can monitor all active positions, settlement history, and expected outcomes directly from your dashboard, which updates based on the oracle spot price. # \[Makers] How to integrate in the RFQ Rysk allows any participant to become a counterparty by integrating as a market maker into the RFQ system. Market makers connect via WebSocket, subscribe to RFQs for specific assets, and submit signed quotes in real time. Quotes compete during a short aggregation window, and the best price is forwarded to the app. Once accepted, settlement occurs on-chain using Rysk’s accounting and options contracts. Below are the technical details and instructions required to participate. ### RFQ System The RFQ system operates by enabling buyers to connect to Rysk via a WebSocket and subscribe to requests for specific assets. When a user submits an RFQ, a **2-second aggregation period** begins, during which market makers submit their quotes. The system selects the most competitive quote and forwards it to the user. Market makers receive immediate feedback on whether their submitted quote is currently the best or falls short. Before finalising a quote, the system verifies that the market maker has sufficient **USDT0** deposited in our accounting and settlement contract to fulfil the request. Before quoting you must deposit some funds either through our UI or via one of the packages listed below. All interactions with Rysk must comply with [**JSON-RPC** specification](https://www.jsonrpc.org/specification).
If the taker accepts the winning quote, they submit a confirmation to our system, initiating on-chain settlement. The accounting contract then deducts the quoted amount from the market maker’s account and transfers it to the taker. Simultaneously, oTokens representing the options are credited to the market maker’s account within our accounting contract. #### Data structures The following structures will be used as JsonRPC params objects in both requests and responses. ```typescript type Request = { asset: string // 0x assetName: string chainId: number expiry: number // unix isPut: boolean isTakerBuy: boolean quantity: string // e18 strike: string // e8 taker: string usd: string // address of the stablecoin to be paid premium in collateralAsset: string } type Quote = { assetAddress: string // must match the request asset param chainId: number // must match the request chainId param expiry: number // must match the request expiry param isPut: boolean // must match the request isPut param isTakerBuy: boolean // must match the request isTakerBuy param quantity: string // must match the request quantity param strike: string // must match the request strike param maker: string nonce: string // stringified uint64 price: string // e18 (for one unit basis, we will do the maths * quantity) validUntil: number signature: string usd: string // must match the request usd param collateralAsset: string // must match the request collateralAsset param } ``` #### RPC responses and notifications Upon submitting a quote you either receive: `OK` indicating your quote is the best one or `A better quote exists` with attached the current best price If a newer quote dethrones yours you receive a `skill_issue` message with information regarding yours and the new quote. When a taker accepts your quote you receive a `trade` message with details of the trade. #### Fees *MIN(0.01 UnderlyingPrice, 0.125 \* OptionPrice) \* Quantity*
### UI URL:
Options contract details The options contracts are fully on-chain, utilising the highly battle-tested and audited Opyn/Rysk Gamma Smart Contracts. Below is a summary of the contract specifications: #### Contract Specifications: * **European-style** options * **Physical settlement** – The underlying assets are exchanged at the specified strike price upon expiry. * **Fully collateralised** – No collateral re-hypothecation. Rysk will support alternative asset collateralisation, meaning if an asset is 1:1 redeemable for the underlying and passes specific risk checks, it can be used as collateral. While the strike price remains denominated in the underlying asset, physical delivery will occur against the collateral asset, with this factor expected to be reflected in the option premium. * **Options priced in USD** * **Symbol:**\ ![](/files/YU0yrAJZqh8Dso3Pmzxw) * **Strike prices and expiry** – Matches Deribit’s strike prices and expiries (Friday, 8:00 AM UTC). For all options, strike prices, tick sizes, and minimum/maximum trade sizes will be determined based on the specific asset and communicated accordingly. ### Settlement All contracts are **physically settled**. This means that for **in-the-money (ITM) call options**, the buyer must provide USDT0 in exchange for the collateral asset at expiry and the risk asset in the case of puts. To simplify the process for buyers, they only need to ensure they have sufficient USDT or Asset available on their wallet. The settlement process works as follows: The buyer should monitor their contracts and assesses the likelihood of them expiring ITM. The positions can be monitored by connecting their wallet on [app.rysk.finance/mm](https://app.rysk.finance/mm/) * **IMPORTANT: On the mm page, you will see several tick boxes next to a position. This MUST be handled before expiry which is 8am UTC on Friday.** * **If the tickbox is ticked it is expected that you will be providing the necessary USD or Asset to physically redeem the option IF it expires ITM. You can either exercise your options all at once or in tranches. (For the early stages, contact the rysk team on our respective chats and make it clear what your intentions are, normally the exercise window will be 60 minutes but for the first time it will be 120 minutes). If you choose to execute in tranches, you just need to let the rysk team know when you are ready and your exercise will be triggered on demand.** \*\*The next COMPULSORY step to exercise is to approve the necessary amount of USD or ASSET to REDEEM on the dropdown UI shown below on the MMarket page (image shown below). This will approve your funds for spending on and the system will be able to exercise for you. You should ideally do this BEFORE expiry. FUNDS SHOULD BE LEFT ON YOUR EOA, not inside the rysk account.\*\* Eg. You have 5.5 ETH options with 4000 strike in the money and want to redeem all. Then you need to have 5.5 \* 4000 = 22000 USDT0 on your EOA on HyperEVM, and at least 22000 approved.
At expiry, the prices of the underlying and collateral assets are determined based on an aggregate index price derived from **Stork** and **Pyth** price feeds. ### Clients Python client: Typescript client: Go cli: **Note: During the early stages of launch for security reasons, to interact with the systems as a buyer you must first be whitelisted, please contact the team to do so.** Onboarding will include: a call, 2 days of your bot running on testnet and multiple trade executions on testnet. **Telegram for makers and integration questions:** # Points Rysk points reward users who contribute to the protocol’s success and growth. **Check your points:** [app.rysk.finance/points](https://app.rysk.finance/points/?utm_source=chatgpt.com) * **Program start:** Aug 29, 2025, 08:00 UTC * **Snapshot:** Weekly, **Friday 08:00 UTC** * **Distribution:** **Weekly**, aligned with expiry * **Alpha phase:** Activity on Rysk V12 **before** Aug 29, 2025, 08:00 UTC counts toward an Alpha reward, **distributed at the end of the program**. The amount is not public. * **Method:** Based on on-chain activity and referral activity. Detailed criteria are not public and may be refined over time. #### Emissions * **Budget:** 1,000,000 points per week. * **Distribution:** Paid **every week** at expiry * **Undistributed:** Not all points are distributed each week. Undistributed amounts are held in reserve and allocated in future drops at Rysk’s discretion. Below we publish the points for each epoch. | Epoch | Points distributed | Undistributed points | | ----------------- | ------------------ | -------------------- | | Aug 29 - Sept 5 | 500,000.00 | 500,000.00 | | Sept 5 - Sept 12 | 500,000.00 | 500,000.00 | | Sept 12 - Sept 19 | 500,000.00 | 500,000.00 | | Sept 19 - Sept 26 | 600,000.00 | 400,000.00 | | Sept 26 - Oct 3 | 500,000.00 | 500,000.00 | | Oct 3 - Oct 10 | 500,000.00 | 500,000.00 | | Oct 10 - Oct 17 | 500,000.00 | 500,000.00 | | Oct 17 - Oct 24 | 550,000.00 | 450,000.00 | | Oct 24 - Oct 31 | 589,173.39 | 410,826.61 | | Oct 31 - Nov 7 | 748,381.39 | 251,618.61 | | Nov 7 - Nov 14 | 594,375.11 | 405,624.89 | | Nov 14 - Nov 28 | 1,027,389.31 | 972,610.69 | | Nov 28 - Dec 12 | 1,044,615.22 | 955,384.78 | | Dec 12 - Dec 26 | 1,199,531.96 | 800,468.04 | | Dec 26 - Jan 9 | 1,049,203.76 | 950,796.24 | | Jan 9 - Jan 30 | 1,522,274.97 | 1,477,725.03 | | Jan 30 - Feb 6 | 1,000,000.00 | 0 | | Feb 6 - Feb 27 | 2,398,090.62 | 601,909.38 | | Feb 27 - Mar 6 | 1,000,000.00 | 0 | | Mar 6 - Mar 13 | 1,000,000.00 | 0 | | Mar 13 - Mar 20 | 1,000,000.00 | 0 | | Mar 20 - Mar 27 | 1,000,000.00 | 0 | | Mar 27 - Apr 3 | 1,000,000.00 | 0 | | Apr 3 - Apr 10 | 1,000,000.00 | 0 | | Apr 10 - Apr 17 | 1,000,000.00 | 0 | | Apr 17 - Apr 24 | 1,000,000.00 | 0 | | Apr 24 - May 1 | 1,000,000.00 | 0 | | May 1 - May 8 | - | - | Policy: Rysk reserves the right to modify previous point distributions under its sole discretion. # FAQ **Where does the yield come from?** Yield on Rysk comes from the **premium paid by option buyers** when users sell covered calls or cash-secured puts. The APR is the premium annualized and is paid instantly after trade execution. **Who is the counterparty?** Anyone can act as a counterparty on Rysk by integrating and responding to quotes through the RFQ system.\ All trades are fully collateralized, and the premium is displayed to the user before execution and paid **upfront** once the trade is confirmed.\ Funds from both sides remain locked in smart contracts until expiry, eliminating counterparty risk.\ Because settlement is handled automatically by the protocol, it does not matter who the counterparty is. **What is the cap?**\ The cap defines the maximum size available for users to open strategies at a given time.\ Caps expand progressively as liquidity and counterparties increase. **Can positions be closed before expiry?**\ Not yet. Rysk is developing a secondary market that will allow users to buy back or offset open positions before expiry. **Does it matter if price touches the strike before expiry?**\ No. Settlement is determined solely by the price at expiry.\ Price movements before that do not affect the outcome of the position. **Is collateral safe?**\ Yes. All positions are fully collateralized, and collateral remains locked in Rysk smart contracts until expiry.\ Settlement is automated, and counterparties never have access to user funds. **When and how are funds settled at expiry?** Settlement on Rysk is fully automated. No user action is required, and funds are sent directly to the user’s wallet.\ Settlements are typically processed within about two hours after expiry, which occurs at **8:00 AM UTC**. **How is the APR calculated?** The APR displayed in Rysk’s interface represents the **annualized value of the upfront premium** paid by the counterparty.\ It is calculated from the actual premium received, normalized to a yearly rate based on the time to expiry.
# Rysk Premium Explainer ## Liquidity Provider Guide > This document explains how Rysk Premium works — how capital flows in and out, how your shares are valued, how options are written and settled, and what determines your returns. *** ### 1. Protocol Overview As a liquidity provider (LP), you deposit collateral (e.g. USDC) into the pool. The pool uses that collateral to write (sell) option contracts to buyers. Premiums collected from buyers accumulate in the pool and are reflected in an increasing price per share over time. The pool is actively managed — a curator decides which options to write, at what strikes and expiries, and when to buy back positions. The goal is to collect premium income while managing directional and volatility risk. **Key participants:** | Role | What they do | | --------------------------- | ---------------------------------------------------------- | | **Liquidity Provider (LP)** | Deposits collateral, receives shares, earns premium income | | **Option Buyer** | Purchases options from the pool, paying a premium | | **Curator / Manager** | Manages the option book — writes, buys back, hedges | | **Governor** | Governs protocol parameters, sets epoch prices | | **Keeper** | Permissioned bot that can execute epoch settlements | *** ### 2. Core Concepts #### Shares When you deposit, you receive LP shares — an ERC-20 token representing your proportional ownership of the pool. Shares are minted at the **deposit price per share** set at the epoch boundary. As the pool collects premium, the NAV per share grows, and your shares are redeemable at a higher **withdrawal price per share**. #### Epochs The pool operates on discrete **epochs** — think of them like accounting periods. Within an epoch: * Deposits and withdrawals are queued but not yet finalized * Options can be written and traded freely At each epoch boundary (triggered by governance / keepers): 1. A price per share is set based on the pool's current NAV 2. Pending deposits are converted to shares at that price 3. Pending withdrawals are processed at that price 4. The epoch counter increments and the new epoch begins This epoch model prevents intra-epoch price manipulation and ensures all LPs entering or exiting in the same window get the same fair price. #### Price Per Share The price per share is the ratio of the pool's **net asset value (NAV)** to the total share supply. It is set off-chain by governance (signed by the Governor) and submitted on-chain at each epoch boundary. **What contributes to NAV:** * **Free collateral** — collateral sitting idle in the pool contract, available to write new options * **Collateral allocated** — collateral currently locked as margin backing live option positions **What adjusts NAV:** * **Mark-to-market value of the option book** — the pool's short option positions have a current market value. This is not computed on-chain; instead, the Governor aggregates mid-market prices from a committee of independent option desks and uses that consensus value to determine the net option book liability at epoch close. A position worth more than it was sold for reduces NAV; a position worth less increases it. * **Fees** — accrued protocol and curator fees are excluded from the pool's book balance > **Note:** The smart contract stores a simplified TVL (`free balance + collateral allocated`). The full NAV — which nets out the current market value of all open option positions — is calculated off-chain using aggregated pricing from a committee of option desks and submitted to the contract by the Governor at each epoch boundary. *** ### 3. Depositing #### How to Deposit 1. Approve the pool contract to spend your collateral token (e.g. USDC) 2. Call `deposit(amount)` on the LiquidityPool contract 3. Your collateral is transferred to the pool immediately 4. A **deposit receipt** is stored on-chain recording your deposit amount and the current epoch **What happens next:** Your funds enter the pool's `pendingDeposits` queue. They are available for the pool to use immediately (e.g. to write options), but your **shares are not minted yet**. Shares are only minted at the next epoch execution, using the deposit price per share set at that time. #### Multiple Deposits in the Same Epoch If you deposit again in the same epoch before execution, the amounts are combined on your deposit receipt. You will receive shares for the total combined amount at the single epoch-close price. #### Whitelist If the pool has whitelisting enabled, only approved addresses can deposit. Withdrawals are never whitelist-gated. LP token transfers between non-whitelisted addresses are also blocked when the whitelist is active. #### Collateral Cap The pool enforces a maximum TVL (`collateralCap`). Deposits that would push TVL over the cap are rejected. *** ### 4. Epoch Execution & Price Per Share #### The Epoch Lifecycle ``` [Epoch N Open] | | - Deposits queue in pendingDeposits | - Withdrawals queue in pendingWithdrawals | - Options are written and traded | [Epoch Lock] ← triggered by Guardian | | - No new deposits or option trades allowed | - Governor collects MtM prices from option desk committee, | computes NAV = free collateral + allocated collateral - option book MtM | [setEpochPrice(depositPrice, withdrawalPrice)] ← Governor submits | | - Dispute period begins | - Price can be corrected via disputeEpochPrice() within this window | [Dispute Period Expires] | [executeEpochCalculation()] ← Keeper or Governor executes | | - Shares minted for all pending deposits at depositPrice | - Pending withdrawals settled at withdrawalPrice (if funds available) | - Epoch counter increments → Epoch N+1 begins | - Epoch unlocked for new deposits and trading ``` #### Deposit Price vs. Withdrawal Price The Governor sets two prices per epoch, which **may differ**: | Price | Used for | Rationale | | -------------------- | ------------------------------------------------ | ---------------------------------------------------------------- | | **Deposit Price** | Converting your deposited collateral into shares | Typically reflects NAV at the time of epoch close | | **Withdrawal Price** | Converting your shares back into collateral | May include adjustments for option liabilities or bid-ask spread | In a healthy epoch, the two prices are typically equal or very close. They can diverge if the option book carries significant mark-to-market losses or if the curator applies a spread to protect existing LPs from adverse selection. #### Redeeming Your Shares After epoch execution, shares are held by the pool contract on your behalf. You must call `redeem()` to transfer them to your wallet. Alternatively, the next time you deposit or initiate a withdrawal, the contract auto-redeems pending shares for you. *** ### 5. Withdrawing Withdrawals are a two-step process to prevent intra-epoch gaming. #### Step 1: Initiate Withdrawal Call `initiateWithdraw(shares)`: * Your shares are escrowed by the pool contract (transferred from your wallet to the pool) * A withdrawal receipt is created recording your shares and the current epoch * Your shares are added to `pendingWithdrawals` You cannot initiate a new withdrawal if you have an unfinished withdrawal from a **previous** epoch — you must complete it first. #### Step 2: Complete Withdrawal After the epoch executes (and your withdrawal is processed), call `completeWithdraw()`: * The contract finds the first epoch after your initiation where batch withdrawals were successfully processed * Your shares are converted to collateral at the **withdrawal price** for that epoch * Collateral is transferred to your wallet * Your withdrawal receipt is cleared **Funds flow:** When an epoch executes with sufficient free balance, withdrawal proceeds are moved into a `partitionedFunds` reserve. This ring-fences your withdrawal from any subsequent pool activity. Completing the withdrawal draws from this reserve. #### What If There Isn't Enough Cash? If the pool's free balance is insufficient to cover all pending withdrawals (because most collateral is allocated to open option positions), the epoch will still advance but withdrawals will **not** be processed in that batch. Your shares remain escrowed. The withdrawal will be processed in a future epoch when sufficient liquidity is freed up (through option settlement or buybacks). The price you receive will be the price from the first epoch where withdrawals were successfully processed after your initiation. *** ### 6. How Options Are Traded #### Writing Options (Pool Sells) The curator identifies option series to sell. The flow is: 1. **Price:** The curator quotes a premium for the option series 2. **Order creation:** A time-limited order is created specifying the counterparty (buyer), amount, and price 3. **Execution:** The buyer calls `executeOrder()`: * The buyer's premium is pulled from their wallet into the pool * The pool locks collateral against the option (deposited to Opyn's margin pool) * oTokens (the option contracts) are minted and transferred to the buyer 4. **Fee deduction:** An option sale fee (in basis points) is deducted from the premium and split between the protocol and curator before the rest accrues to LPs The net effect: premium flows into the pool, collateral is locked, and the pool's share of NAV changes based on the option's mark-to-market value. **Collateral mechanics:** * **Puts:** collateral locked = strike price × number of contracts (fully cash-secured) * **Calls:** collateral locked = notional amount of underlying (fully collateralized) #### Buying Back Options (Pool Buys) The curator can buy back options the pool previously sold, unwinding positions. The flow reverses: 1. The seller (original option buyer) returns their oTokens 2. The oTokens are burned and the locked collateral is returned to the pool's free balance 3. The pool pays the buyback premium to the seller from its (now replenished) free balance Buybacks reduce the pool's short option book and free up capital, at the cost of paying a premium (which reduces LP NAV if the options are bought back at a higher price than they were sold). *** ### 7. Settlement When an option series expires, the pool's vault must be settled to recover collateral. #### Settlement Flow All options are **cash-settled** — there is no physical delivery of the underlying asset. At expiry, Opyn's on-chain oracle records the settlement price of the underlying. That price determines who receives what from the locked collateral. A keeper calls `settleVault(seriesAddress)` on the LiquidityPool: 1. The OptionRegistry calls the Opyn/Gamma controller to settle the vault 2. Opyn computes the intrinsic value of the options at expiry using the oracle settlement price 3. The locked collateral is split: * The **intrinsic value** (cash payout owed to option holders) is made available for oToken holders to redeem * The **remainder** is returned to the pool's free balance **Worked examples:** > **Put — expires OTM:** Pool wrote a $2,000-strike ETH put, locking $2,000 USDC per contract. ETH settles at $2,200. Intrinsic value = $0. The full $2,000 USDC returns to the pool. > **Put — expires ITM:** Same put, ETH settles at $1,700. Intrinsic value = $300 per contract. The oToken holder redeems $300 USDC; the pool recovers $1,700 USDC. > **Call — expires OTM:** Pool wrote a $2,500-strike ETH call, locking 1 ETH per contract. ETH settles at $2,200. Intrinsic value = $0. The full 1 ETH collateral returns to the pool. > **Call — expires ITM:** Same call, ETH settles at $2,800. Intrinsic value = $300 per contract. Because calls are collateralized in ETH, the payout is denominated in ETH: $300 / $2,800 ≈ 0.107 ETH per contract. The oToken holder redeems \~0.107 ETH; the pool recovers the remaining \~0.893 ETH. #### Option Holder Settlement (Redeem) Option buyers can redeem their expired ITM oTokens directly via the OptionRegistry's `redeem()` function. The steps are: 1. The holder calls `redeem(seriesAddress, amount)` on the OptionRegistry 2. Their oTokens are transferred to the registry and burned 3. The intrinsic value is transferred to the holder in the collateral token: * **Put holder** receives USDC equal to `max(0, strike − settlement price)` per contract * **Call holder** receives ETH equal to `max(0, settlement price − strike) / settlement price` per contract 4. The payout lands directly in the holder's wallet OTM options at expiry are worth zero — there is nothing to redeem, and the full locked collateral returns to the pool when the vault is settled. Note: the OptionRegistry validates that the oToken exists in Opyn's factory before allowing redemption. If a buyer has transferred their oTokens to a third party, that party can redeem them just the same — redemption is not restricted to the original buyer. ### 8. Fees The pool has two fee tiers, both expressed in basis points (bps): | Fee | Description | Who Receives | | --------------------- | ------------------------------------------------- | ---------------------------------- | | **Option Sale Fee** | % of option premium charged on each write | Split between protocol and curator | | **Curator Fee Share** | % of the option sale fee that goes to the curator | Curator (Manager role) | **Example:** If `optionSaleFee = 500 bps` (5%) and `curatorFeeShare = 5000 bps` (50% of the fee): * On a 10,000 USDC premium: total fee = 500 USDC * Curator receives: 250 USDC * Protocol receives: 250 USDC * Net premium credited to pool: 9,500 USDC Fees accumulate on-chain in `accumulatedCuratorFees` and `accumulatedProtocolFees`. They are excluded from the pool's NAV calculation (the `getBalance()` function subtracts them). Governance and the curator can withdraw their respective fees at any time. *** ### 9. Risk Considerations #### Collateral Risk LP capital is at risk. If options written by the pool expire deep ITM, the pool pays out more collateral than it collected in premiums, reducing NAV per share. In extreme scenarios, LPs could lose a significant portion of their deposited capital. #### Withdrawal Queue Risk If the pool is heavily deployed into open option positions, withdrawals may not be processed immediately. Your shares remain escrowed and you receive the withdrawal price from the first epoch where sufficient liquidity is available — not the price from when you initiated. #### Curator Risk The curator has significant discretion over the option book. Poorly priced options or excess concentration in a single strike/expiry can result in NAV losses for LPs. #### Smart Contract Risk The protocol uses upgradeable proxy contracts. Upgrades are controlled by a governance process. As with all DeFi protocols, there is inherent smart contract risk. #### Dispute Period After an epoch price is set, there is a configurable dispute period (e.g. 24 hours) during which the governor can update the price if an error is detected. Epoch execution is blocked until this period expires. This protects LPs from incorrect NAV calculations being locked in immediately. *** ### 10. Roles & Governance | Role | Permissions | | --------------------- | ----------------------------------------------------------------------------------------------- | | **Governor** | Sets epoch prices, collateral cap, fees, whitelist, dispute period; upgrades contracts | | **Manager / Curator** | Manages the option book (write, buyback); withdraws curator fees | | **Guardian** | Can pause the protocol; lock/unlock epochs | | **Keeper** | Can execute epoch calculations and settle vaults | | **Option Handler** | Approved contracts (e.g. PremiumOptionHandler) that interact with the pool on behalf of traders | *** ### Quick Reference: LP Actions | Action | When | Function | | ------------------------------------ | ---------------------------------------- | ---------------------------------- | | Deposit collateral | Any time (epoch not locked, not paused) | `deposit(amount)` | | Redeem shares from past deposit | After epoch executes | `redeem()` | | Initiate withdrawal | Any time (epoch not locked, not paused) | `initiateWithdraw(shares)` | | Complete withdrawal | After your withdrawal epoch is processed | `completeWithdraw()` | | Check withdrawable amount | Any time | `canCompleteWithdraw(yourAddress)` | | Check if you can initiate withdrawal | Any time | `canInitiateWithdraw(yourAddress)` | *** *Built on the Opyn/Gamma options protocol. LP shares are ERC-20 tokens with the same decimals as the collateral asset.* # Why Rysk?
Rysk V12 is built on deep expertise in options and structured products. Before this, we developed one of the top options AMMs on Arbitrum, trading over $250M in volume, and a high-performance orderbook exchange that processed over $1B in trades. This is the next evolution: refined through real conversations with DeFi-native users and years of experience in structured yield. Like the V12 engine, covered calls were abandoned by most because they were too complex and difficult to scale. But Ferrari saw the potential, refined it, and made it one of the most successful engines in history. Rysk is doing the same for covered calls: a powerful yet overlooked strategy, now made scalable, accessible, and built for DeFi. We’re backed by DeFi-native investors who understand structured products and yield at a deep level: Archetype, Lemniscap, Coinbase Ventures, Encode, Ascensive Assets, HASHCib, Yunt Capital, and Manifold. Alongside them are angels from projects like Gearbox, Yearn, and Ethena, as well as early believers like Evan Van Ness. \ DeFi was built as an alternative financial system, but without scalable yield, its impact might be restricted to just speculation. Today, ETH, BTC, and other volatile assets can earn low or inefficient returns beyond staking or unstable, low-efficiency strategies. This isn’t just an inefficiency, it’s a fundamental blocker to DeFi’s evolution. Fixing this unlocks everything: real yield on ETH, BTC, and native assets attracts more capital on-chain, sustainable returns create long-term retention instead of mercenary liquidity, and yield-seeking institutions and treasuries enter the space, scaling structured products to billions. For too long, DeFi has been stuck, recycling the same capital through short-term farming incentives and inefficient yield models that have proven to be both unsustainable and short-sighted. Rysk is solving this by making structured yield accessible, efficient, and built to scale, building the foundation for a new on-chain economy where capital stays, yield is transparent and sustainable, and structured products grow into a multi-billion dollar pillar of the ecosystem. \ This goes beyond covered calls. It’s about scaling DeFi itself. DeFi cannot become the world’s financial hub until we fix its yield problem, and Rysk is here to make that happen. # What are Covered Calls? *Curious about the mechanics behind covered calls? This section is for you but here’s the best part: with Rysk, you don’t need to understand the intricacies of options trading to benefit from this strategy. Our mission is to make covered calls accessible to everyone, abstracting away the complexity so you can earn yield on your assets without being an options expert.* **Understanding Covered Calls** Are you holding a long position and want to generate income? Covered calls are a great strategy. By selling call options against your existing holdings, you can earn premiums upfront while still benefiting from potential price increases. > A covered call is an undefined risk, neutral strategy, that combines a long underlying instrument position with selling a call option. Covered calls are most profitable when the underlying price increases slightly. What sets covered calls apart from naked calls is that the seller holds the equivalent amount of the underlying asset while selling the call. This strategic move aims to generate a steady income stream from the portfolio. **How They Work** Covered calls provide sellers with an opportunity to earn extra income through the option premium while holding the underlying asset. They work best when minor movements (upward or downward) are anticipated in the underlying asset’s price. Additionally, a covered call can serve as a short-term hedge for a long position. However, it’s important to note that sellers may forego potential gains if the underlying price surpasses the strike price. While covered calls have a limited profit potential and do not eliminate downside risk entirely, they effectively mitigate the risk of the underlying instrument by the amount of the premium received. This can add an extra layer of protection for sellers.
**Example** * ETH Spot Price: **$1,850** * Strategy: **Covered Call** * Option: **SELL** **ETH 30JUN23 $2000 CALL** * Trade: Sell * Type: Call * Expiry: 30 June 2023 * Strike: $2,000 * Premium: **$25** * Underlying Instrument: **BUY Spot ETH at $1,850** * Breakeven: **$1,825:** Since ETH is bought at $1850 and strike price for the call option is $2000 the original position cost is reduced by $25 (premium received), making the cost basis and so the break even of the underlying position at $1825. At expiry, on 30 June 2023, there are 3 possible payoffs: * ETH price is **below $1,825:** The call option will expire worthless and the trader can keep the premium but will also record a loss on the underlying. Therefore, by using the covered call, they outperformed holding the underlying instrument * ETH price is **between $1,825 and $2,000:** The call will expire worthless and the trader can keep the premium recording an overall profit equal to the *spot price minus the breakeven* * ETH price is **above $2,000:** The call will be exercised and the increase in ETH price is compensated by the loss of the call option. Therefore, the trader would have been better off holding ETH. The profit is capped at the *strike price minus the breakeven*. Although, if the trader planned to sell ETH at $2000 anyway, entering the call option gave an extra $25.
# Built by community
### Posts * [If You Liked Pendle, You'll Love Rysk V12](https://x.com/mattdotfi/status/1904565261035831657) from [Matt](https://x.com/mattdotfi) * [Step by Step Guide on how to use Rysk on Monad](https://x.com/TheMonadOG/status/1909455447800922350) from [@TheMonadOG](https://x.com/TheMonadOG) ### Podcasts * [Options Talk with Marty & Premia. Guest: Dan from Rysk](https://x.com/PremiaFinance/status/1904959301426590206) # Official links App: Twitter: Telegram Group: Rysk v1/DHV: - withdraw only Github: # Oracle **Rysk uses oracle prices for options pricing and price fixing at settlement of options.** ### Price retrieval For all price retrievals, the system pulls in the Stork oracle price. Upon successful retrieval, the Stork oracle price is compared against the Pyth oracle price. In the event that the stork price and Pyth price are not similar to a certain threshold, which varies per asset, the system will stop all processes that require an accurate price. The systems will stay offline until the prices are within the threshold. In such an event, the Stork price is used. For collateral assets, an accurate price is less critical, outside the 8am price fixing. In this case, the price used depends on if the oracle provider supports a price for that asset, and a manual check is conducted by the Rysk team at price fixing during a 5-minute smart contract enforced dispute period. * **Stork:** [https://stork.network](https://www.stork.network) * **Pyth:** * Pendle: the Pendle API is used directly to price pendle assets. A list of price feeds used is shown below: | Asset | Provider.ID | | ----------------- | -------------------------------------------------------------------------- | | HYPE | STORK.HYPEUSD | | ETH | STORK.ETHUSD | | BTC | STORK.BTCUSD | | PUMP | STORK.PUMPUSD | | ZEC | STORK.ZECUSD | | SOL | STORK.SOLUSD | | PURR | STORK.PURRUSD | | kHYPE | STORK.KHYPEUSD | | wstHYPE | PYTH.1a78b5829a99f1d2897917dae2a02266c0210535a995a2e9d0692613bbc89e27.HYPE | | All pendle assets | Pendle api: | # Important Contracts ### HyperEVM MarginPool (collateral storage): 0x24a44f1dc25540c62c1196FfC297dFC951C91aB4 Rysk (transaction processor): 0x8C8bcb6D2c0E31c5789253EcC8431cA6209B4E35 MMarket (MM accounting contract): 0x691a5fc3a81a144e36c6C4fBCa1fC82843c80d0d ### Ethereum Mainnet MarginPool (collateral storage): 0x684404F2AEBAD87a6803F13741B1d638Bfe2C671 Rysk (transaction processor): 0x7A3dDEac7A0AE6dfA9391C764499A3564F3c2AAd MMarket (MM accounting contract): 0xc01c9EF5de5862354adD9501a29e8765cFF01c32 # Security Audits Rysk V12 mk3 + Lean Gamma (current) {% file src="/files/osadqLO3InYThQgHvuDK" %} Lean Gamma Upgrade Procedure Audit (current) {% file src="/files/hnTl1425wtPdBol06ZX5" %} Rysk V12 mk2 (previous) {% file src="/files/EasktlHK3XKjCsCrAVwm" %} Rysk V12 mk1 (previous) {% file src="/files/jqoKMO1y8ZSEehZNvXGh" %} Rysk V12 mk0 (previous) {% file src="/files/bfM0SSOrB2PDFG4NSxTX" %} Rysk Premium mk0 (current) {% file src="/files/vepKGyFizwtzAVYl6RYf" %} # Terms of Service TERMS OF SERVICE Ksyr Corp Last Updated: 18.2.2025 OUR SERVICES ARE *NOT* OFFERED TO PERSONS OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA OR ANY RESTRICTED TERRITORY, AS DEFINED BELOW (ANY SUCH PERSON OR ENTITY FROM THE UNITED STATES OF AMERICA OR A RESTRICTED TERRITORY, A “RESTRICTED PERSON”). WE DO NOT MAKE EXCEPTIONS; THEREFORE, IF YOU ARE A RESTRICTED PERSON, THEN DO NOT ATTEMPT TO USE OR USE THE INTERFACE. USE OF A VIRTUAL PRIVATE NETWORK (E.G., A VPN) TO USE OUR SERVICES AS A RESTRICTED PERSON OR FROM THE UNITED STATES OF AMERICA OR A RESTRICTED TERRITORY IS PROHIBITED. These terms and conditions (these “Terms” ) constitute a binding legal agreement between each individual, entity, group or association who views, interacts, links to or otherwise uses or derives any benefit from the Site (as defined below) ( “Users”) and Rysk (the owner/operator of the Site) and each of its successors and assigns (the “Site Operator”). Please contact us at for any questions or issues. Eligibility In order to use the Site, you must satisfy the following eligibility requirements: 1. You are of legal age in the jurisdiction in which you reside and you have legal capacity to enter into the Terms and be bound by them; 2. If you accept the Terms on behalf of a legal entity, you must have the legal authority to accept the Terms on that entity’s behalf, in which case “you” (except as used in this paragraph) will mean that entity; 3. 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You are not a resident of, reside in, a citizen of, incorporated in, or have a registered office in Taiwan (Republic of China), or the United States of America, or the United Kingdom; and 6. Your use of the Interface is not prohibited by and does not otherwise violate, assist you in the violation of any applicable laws or regulations, or contribute to or facilitate any illegal activity. 1\. Site overview 1.1 About the Site The Site aggregates and publishes publicly available third-party information about: * the Rysk Smart Contract Protocol; * the Rysk Smart Contract Systems; * tokens that exist and have been or may be made available by third parties known as “liquidity providers” in connection with the Rysk Smart Contract System; * the implied or express fair market prices of tokens; * the staking, distribution and voting of any Rysk governance tokens pursuant to governance of the Rysk Smart Contract System; and The Site also offers interaction methods whereby the User can indicate a transaction the User would like to perform in connection with the Rysk Smart Contract Systems. When used in this way, the Site can generate a draft transaction message which the User can independently utilize in conjunction with a third-party wallet application or device to conduct transactions on the Blockchain. 1.2 About Rysk The Rysk Smart Contract Protocol is software source code freely licensed to the public, which provides options through an RFQ (Request for Quotation). Through a compatible third-party wallet application or device, any User may pay the Blockchain’s validators to operate and record the results of the Rysk Smart Contract System in accordance with the User’s instructions, thus performing token transactions on the Blockchain. In particular, Users can: · buy and sell options at various strikes and expiries, trading through an rfq pricing model; · collateralize with multiple types of assets; Users are aware and accept that the Rysk Smart Contract System does not grant the accrual of the deposited amounts. They understand and accept the possibility to losing part or all of the deposited amounts. 1.3 Relationship to Rysk Smart Contract System The Site Operator does not own, operate or control the Blockchain or the Rysk Smart Contract System. Using the Blockchain or the Rysk Smart Contract System does not require use of the Site. The Site aggregates and publishes publicly available information about the Blockchain and the Rysk Smart Contract System in a user-friendly and convenient format. Such information is also independently available from other sources—for example, a person may directly review the Blockchain transaction history, account balances and the Rysk Smart Contract System on a block explorer of the Blockchain. By combining publicly available information with the User’s interactions with the Site, the Site can draft standard transaction messages compatible with the Rysk Smart Contract System which are designed to accomplish the User’s operational goals as expressed through the interactions. If the User so wishes, the User may broadcast such messages to the Blockchain in order to initiate token transactions. All draft transaction messages are delivered by the Site via API to a compatible third-party wallet application or device selected by the User after pressing the “Connect Wallet” button on the Site. The User must personally review and authorize all transaction messages that the User wishes to send to the Blockchain; this requires the User to sign the relevant transaction message with a private cryptographic key inaccessible to the Site. The User-authorized message will then be broadcasted to the Validators of the Blockchain through the wallet application or device and the User may pay a network fee to have the Validators of the Blockchain apply the transaction message to the Rysk Smart Contract System and record the results on the Blockchain—resulting in a token transaction being completed on the Blockchain. The Site Operator and the Site are not agents or intermediaries of the User, do not store or have access to or control over any tokens, private keys, passwords, accounts or other property of the User, and are not capable of performing transactions or sending transaction messages on behalf of the User. The Site does not hold and cannot purchase, sell or trade any tokens. 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Users must not rely on the name, symbol or branding of a token on the Site, but instead must examine the specific smart contract associated with the name, symbol or branding and confirm that the token accords with User’s expectations. 2.3 User Responsibility for Accounts & Security Users are solely responsible for all matters relating to their accounts, addresses and tokens and for ensuring that all uses thereof comply fully with these Terms. Users are solely responsible for protecting the data integrity and confidentiality of their login information and passwords or private keys for the Site or any wallet applications or devices used in connection with the Site. 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Permitted & prohibited uses 4.1 Permitted Uses The Site is available exclusively for use by technologically and financially sophisticated persons who wish to use the Site for informational purposes only as an aid to their own research, due diligence and financial decisionmaking. Before utilizing information from the Site (including any draft transaction messages) to engage in transactions, each User must independently verify the accuracy of such information (and the consistency of such draft transaction messages with the User’s intentions). The foregoing are the “Permitted Uses” . 4.2 Prohibited Uses Each User must not, directly or indirectly, in connection with their use of the Site: * utilize the Site other than for the Permitted Uses; * utilize the Site at any time when any representation of User set forth in Section 5 is untrue or inaccurate; * rely on the Site as a basis for or a source of advice concerning any financial decisionmaking or transactions; * employ any device, scheme or artifice to defraud, or otherwise materially mislead, any person; * engage in any act, practice or course of business that operates or would operate as a fraud or deceit upon the Site Operator or any other person; * violate, breach or fail to comply with any applicable provision of these Terms or any other terms of service, privacy policy, trading policy or other contract governing the use of the Site; * engage or attempt to engage in or assist any hack of or attack on the Site or any wallet application or device, including any “sybil attack”, “DoS attack” or “griefing attack” or theft; * commit any violation of applicable laws, rules or regulations; · use a virtual private network (VPN) or any other privacy or anonymization tools or techniques to circumvent, or attempt to circumvent, any restrictions that apply to the Interface; · engage in or knowingly facilitate any “front-running,” “wash trading,” “pump and dump trading,” “ramping,” “cornering” or fraudulent, deceptive or manipulative trading activities, including: * trading at successively lower or higher prices for the purpose of creating or inducing a false, misleading or artificial appearance of activity, unduly or improperly influencing market prices or establishing a price which does not reflect the true state of the market; * trading without changes in material beneficial ownership for the purpose of creating or inducing a false or misleading appearance of trading activity or creating or inducing a false or misleading appearance with respect to market conditions; * participating in, facilitating, assisting or knowingly transacting with any pool, syndicate or joint account organized for the purpose of unfairly or deceptively influencing market prices; * transact in securities, commodities futures, trading of commodities on a leveraged, margined or financed basis, binary options (including prediction-market transactions), real estate or real estate leases, equipment leases, debt financings, equity financings or other similar transactions, in each case, if such transactions do not comply with all laws, rules and regulations applicable to the parties and assets engaged therein; * engage in token-based or other financings of a business, enterprise, venture, DAO, software development project or other initiative, including ICOs, DAICOs, IEOs, or other token-based fundraising events; or * engage in any act, practice or course of business that operates to circumvent any sanctions or export controls targeting the User or the country or territory where User is located. The foregoing matters are referred to herein as “Prohibited Uses”. 5\. Representations and warranties of users Each User hereby represents and warrants to Site Operator that the following statements and information are accurate and complete at all relevant times. In the event that any such statement or information becomes untrue as to a User, User shall immediately cease accessing and using the Site. 5.1 Adult Status; Capacity; Residence; Etc. If User is an individual, User is of legal age in the jurisdiction in which User resides (and in any event is older than eighteen years of age) and is of sound mind. If User is a business entity, User is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized, and has all requisite power and authority for a business entity of its type to carry on its business as now conducted. 5.2 Power and Authority User has all requisite capacity, power and authority to accept the terms and conditions of these Terms and to carry out and perform its obligations under these Terms. These Terms constitute a legal, valid and binding obligation of User enforceable against User in accordance with its terms. 5.3 No Conflict; Compliance with Law User agreeing to these Term and using the Site does not constitute, and would not reasonably be expected to result in (with or without notice, lapse of time, or both) a breach, default, contravention or violation of any law applicable to User, or contract or agreement to which User is a party or by which User is bound. The tokens or other funds User uses to participate in the Rysk Smart Contract System are not derived from, and do not otherwise represent the proceeds of, any activities done in violation or contravention of any law. 5.4 Absence of Sanctions User is not (and, if User is an entity, User is not owned or controlled by any other person who is), and is not acting on behalf of any other person who is, (a) located or ordinarily resident in Cuba, Iran, North Korea, Sudan, Syria, any of the the Crimea, Donetsk People’s Republic (DNR) or Luhansk People’s Republic (LNR) regions of Ukraine, or any other country or any other country or jurisdiction against which the U.S., U.K. E.U. or other nation or international organization maintains economic sanctions; (b) listed by the U.S., U.K. E.U. or other nation or international organization the a prohibited party; or (c) subject to any other national or international sanctions or export controls under any law or by the U.S., U.K. E.U. or other nation or international organization. 5.5 Non-Reliance User is knowledgeable, experienced and sophisticated in using and evaluating blockchain and related technologies and assets, including tokens, yield-generating smart contract systems, automated market making smart contract systems, bonding curve systems and “smart contracts” (runtime bytecode deployed on blockchains). User has conducted its own thorough independent investigation and analysis of the Rysk Smart Contract System and the other matters contemplated by these Terms, and has not relied upon any information, statement, omission, representation or warranty, express or implied, written or oral, made by or on behalf of Site Operator in connection therewith, except as expressly set forth by Site Operator in these Terms. 6\. Risks, Disclaimers and Limitations of Liability Each User hereby acknowledges and agrees and consents to, and assumes the risks of, the matters described in this Section 6. 6.1 No Consequential, Incidental or Punitive Damages Notwithstanding anything to the contrary contained on the Site, in these Terms, or in any other agreement or publication, Site Operator shall not be liable to any person, whether in contract, tort (including pursuant to any cause of action alleging negligence), warranty or otherwise, for any economic or other damages to any User or other person, including any special, incidental, consequential, indirect, punitive or exemplary damages (including but not limited to lost data, lost profits or savings, loss of business or other economic loss) arising out of or related to these Terms, whether or not Site Operator has been advised or knew of the possibility of such damages, and regardless of the nature of the cause of action or theory asserted. 6.2 Disclaimer of Representations The Site is being provided on an “AS IS” and “AS AVAILABLE” basis. To the fullest extent permitted by law, Site Operator is not making, and hereby disclaims, any and all information, statements, omissions, representations and warranties, express or implied, written or oral, equitable, legal or statutory, in connection with the Site and the other matters contemplated by these Terms, including any representations or warranties of title, non-infringement, merchantability, usage, security, uptime, reliability, suitability or fitness for any particular purpose, workmanship or technical quality of any code or software used in or relating to the Site. User acknowledges and agrees that use of the Site is at the User’s own risk. 6.3 No Responsibility for Tokens; No Guarantee of Uniqueness or IP Site Operator has no responsibility for the tokens traded by Users on the Rysk Smart Contract System. Site Operator does not investigate and cannot guarantee or warrant the authenticity, originality, uniqueness, marketability, legality or value of any token traded by Users on the Rysk Smart Contract System, even if information about such token is available on the Site. 6.4 No Professional Advice or Liability All information provided by or on behalf of Site Operator is for informational purposes only and should not be construed as professional, accounting or legal advice. Users should not take or refrain from taking any action in reliance on any information contained in these Terms or provided by or on behalf of Site Operator. Before Users make any financial, legal, or other decisions involving the Site, Users should seek independent professional advice from persons licensed and qualified in the area for which such advice would be appropriate. 6.5 Limited Survival Period for Claims Any claim or cause of action a User may have or acquire in connection with the Site or any of the other matters contemplated by these Terms shall survive for the shorter of, and may be brought against Site Operator solely prior to: (a) the expiration of the statute of limitations applicable thereto; and (b) the date that is six months after the date on which the facts and circumstances giving rise to such claim or cause of action first arose. 6.6 Third-Party Offerings and Content References, links or referrals to or connections with or reliance on third-party resources, products, services or content, including smart contracts developed or operated by third parties, may be provided to Users in connection with the Site. In addition, third parties may offer promotions related to the Site. Site Operator does not endorse or assume any responsibility for any activities of or resources, products, services, content or promotions owned, controlled, operated or sponsored by third parties. If Users access any such resources, products, services or content or participate in any such promotions, Users do so solely at their own risk. Each User hereby expressly waives and releases Site Operator from all liability arising from User’s use of any such resources, products, services or content or participation in any such promotions. User further acknowledges and agrees that Site Operator shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such resources, products, services, content or promotions from third parties. 6.7 Certain Uses and Risks of Blockchain Technology Use of Blockchain Technology. Site Operator or third parties may utilize experimental cryptographic technologies and blockchain technologies, including tokens, cryptocurrencies, stablecoins, “smart contracts,” consensus algorithms, voting systems and distributed, decentralized or peer-to-peer networks or systems in connection with the Site or systems about which the Site provides information Each User acknowledges and agrees that such technologies are novel, experimental, and speculative, and that therefore there is significant uncertainty regarding the operation and effects and risks thereof and the application of existing law thereto. Certain Risks of Blockchain Technology. The technologies relevant to the Site depend on public peer-to-peer networks such as Polygon and Ethereum that are not under the control or influence of Site Operator and are subject to many risks and uncertainties. Such technologies include the Rysk Smart Contract System, which Site Operator has no ability to change, other than ceasing to display information about certain “smart contracts” or adding information about new “smart contracts”. Users are solely responsible for the safekeeping of the private key associated with the blockchain address used in connection with the Rysk Smart Contract System. Site Operator will not be able to restore or issue any refund in respect of property lost or frozen due to loss of private keys or otherwise. If a User is not able to spend or use tokens due to loss or theft of the corresponding private key or otherwise, a User will be unable to enjoy the benefits of such tokens. Certain Risks of Smart Contract Technology. Digital assets relevant to the Site depend on the Rysk Smart Contract System or other smart contracts deployed to the Blockchains, which may be coded or deployed by persons other than Site Operator. Once deployed to the Blockchains, the code of smart contracts, including the Rysk Smart Contract System, cannot be modified. In the event that the Rysk Smart Contract System or other smart contracts are adversely affected by malfunctions, bugs, defects, malfunctions, hacking, theft, attacks, negligent coding or design choices, or changes to the protocol rules of the Blockchain, Users may be exposed to a risk of total loss and forfeiture of all relevant digital assets. Site Operator assumes no liability or responsibility for any of the foregoing matters. Asset Prices. The fiat-denominated prices and value in public markets of cryptocurrencies and tokens (including without limitation $ETH, $BTC, $USDC) have historically been subject to dramatic fluctuations and may be highly volatile. As relatively new products and technologies, blockchain-based assets are not widely accepted as a means of payment for goods and services. A significant portion of demand for these assets is generated by speculators and investors seeking to profit from the short- or long-term holding of blockchain assets. The market value of any token may decline below the price for which a User acquires such asset through the Rysk Smart Contract System or on any other platform. User acknowledges and agrees that the costs and speeds of transacting with cryptographic and blockchain-based systems are variable and may increase or decrease dramatically at any time, resulting in prolonged inability to access or use any tokens. Regulatory Uncertainty. Blockchain technologies and digital assets are subject to many legal and regulatory uncertainties, and the Rysk Smart Contract System or any tokens could be adversely impacted by one or more regulatory or legal inquiries, actions, suits, investigations, claims, fines or judgments, which could impede or limit the ability of User to continue the use and enjoyment of such assets and technologies. Cryptography Risks. Cryptography is a progressing field. Advances in code cracking or technical advances such as the development of quantum computers may present risks to the Blockchains, the Rysk Smart Contract System or tokens, including the theft, loss or inaccessibility thereof. Fork Handling. The Blockchains, the Rysk Smart Contract System, and all tokens may be subject to “forks.” Forks occur when some or all persons running the software clients for a particular blockchain system adopt a new client or a new version of an existing client that: (i) changes the protocol rules in backwards-compatible or backwards-incompatible manner that affects which transactions can be added into later blocks, how later blocks are added to the blockchain, or other matters relating to the future operation of the protocol; or (ii) reorganizes or changes past blocks to alter the history of the blockchain. Some forks are “contentious” and thus may result in two or more persistent alternative versions of the protocol or blockchain, either of which may be viewed as or claimed to be the legitimate or genuine continuation of the original. Site Operator may not be able to anticipate, control or influence the occurrence or outcome of forks, and does not assume any risk, liability or obligation in connection therewith. Without limiting the generality of the foregoing, Site Operator does not assume any responsibility to notify a User of pending, threatened or completed forks. Site Operator will respond (or refrain from responding) to any forks in such manner as Site Operator determines in its sole and absolute discretion, and Site Operator shall not have any duty or obligation or liability to a User if such response (or lack of such response) acts to a User detriment. Without limiting the generality of the foregoing, Site Operator’s possible and permissible responses to a fork may include: (i) honoring the Rysk Smart Contract System and tokens on both chains; (ii) honoring the RyskSmart Contract System and tokens on only one of the chains; (iii) honoring the Rysk Smart Contract System and tokens in different respects or to a different extent on both chains; or (iv) any other response or policy or procedure, as determined by Site Operator in its sole and absolute discretion. Each User assumes full responsibility to independently remain apprised of and informed about possible forks, and to manage the User’s own interests and risks in connection therewith. Essential Third-Party Software Dependencies. The Rysk Smart Contract System and other smart contracts deployed to the Bockchains are public software utilities which are accessible directly through any node or indirectly through any compatible “wallet” application which interacts with such a node. Interacting with the Rysk Smart Contract System does not require use of the Rysk Apps, but the Rysk Apps provide a convenient and user-friendly method of reading and displaying data from the Rysk Smart Contract System and generating standard transaction messages compatible with the Rysk Smart Contract System. Because Rysk does not provide wallet software or nodes, such software constitutes an essential third-party or user dependency without which the Rysk Smart Contract System cannot be utilized and tokens cannot be traded or used. Furthermore, the site may utilize APIs, middleware and servers of Site Operator or third parties, and Site Operator does not guarantee the continued operation, maintenance, availability or security of any of the foregoing dependencies. 6.8 Tax Issues The tax consequences of purchasing, selling, holding, transferring or locking tokens or otherwise utilizing the Rysk Smart Contract System are uncertain, may vary by jurisdiction and may be adverse to a User. Site Operator has undertaken no due diligence or investigation into such tax consequences, assumes no obligation or liability to optimize the tax consequences to any person and is not providing any tax advice. 6.9 Officers, Directors, Etc. All provisions of these Terms which disclaim or limit obligations or liabilities of Site Operator shall also apply, mutatis mutandis , to the officers, directors, members, employees, independent contractors, agents, stockholders, debtholders and affiliates of Site Operator. 6.10 Indemnification Each User shall defend, indemnify, compensate, reimburse and hold harmless Site Operator (and each of its officers, directors, members, employees, agents and affiliates) from any claim, demand, action, damage, loss, cost or expense, including without limitation reasonable attorneys’ fees, arising out or relating to (a) User’s use of, or conduct in connection with, the Site; (b) User’s violation of these Terms or any other applicable policy or contract of Site Operator; or (c) User’s violation of any rights of any other person or entity. 7\. Governing law; Dispute Resolution 7.1 Settlement Negotiations If a User has a potential legal dispute, claim or cause of action against Site Operator, the User shall first (prior to initiating any litigation proceedings) contact Site Operator by sending an email to describing the nature of the potential dispute, claim or cause of action and providing all relevant documentation and evidence thereof. If so elected by Site Operator, User shall use commercially reasonable efforts to negotiate a settlement of any such legal dispute, claim or cause of action within 60 days of the delivery of such email. Any such dispute, claim or cause of action that is not finally resolved by a binding, written settlement agreement within such 60 days shall be brought and resolved exclusively in accordance with the following provisions of this Section 7. 7.2 Agreement to Binding, Exclusive Arbitration Mandatory Binding Arbitration. All claims, disputes and controversies directly or indirectly arising out of or in connection with or directly or indirectly relating to these Terms or any of the matters or transactions contemplated by these Terms (for the avoidance of doubt, including any claim seeking to invalidate, or alleging that, all or any part of these Terms is unenforceable, void or voidable) (such claims, disputes and controversies, collectively, “Disputes ”) shall be resolved by confidential, binding arbitration to be seated in the British Virgin Islands and conducted in the English language by a single arbitrator pursuant to the UNCITRAL International Arbitration Rules (the “Rules”). The arbitrator shall be appointed in accordance with the procedures set out in the Rules. The award or decision of the arbitrator shall be final and binding upon the parties and the parties expressly waive any right under the laws of any jurisdiction to appeal or otherwise challenge the award, ruling or decision of the arbitrator. The judgment of any award or decision may be entered in any court having competent jurisdiction to the extent necessary. If the Company elects to have a Dispute resolved by arbitration pursuant to this provision, no party hereto shall (or shall permit its representatives to) commence, continue or pursue any Dispute in any court; provided, however, that the Company shall be entitled to obtain an injunction or injunctions to prevent breaches of this provision and to enforce specifically the terms and provisions thereof, this being in addition to any other remedy to which the Company is entitled at law or in equity, and the parties hereto hereby waive the requirement of any posting of a bond in connection with such injunctive relief or specific performance. Waiver of Jury Trial. The parties hereby acknowledge, represent and warrant that they understand that: (i) there is no judge or jury in arbitration, and, absent this mandatory provision, the parties would have the right to sue in court and have a jury trial concerning Disputes; (ii) in some instances, the costs of arbitration could exceed the costs of litigation; (iii) the right to discovery may be more limited in arbitration than in court; and (iv) court review of an arbitration award is limited. Each of the parties hereto hereby irrevocably waives any and all right to trial by jury in any action, suit or other legal proceeding arising out of or related to these Terms or the transactions contemplated hereby. Confidentiality of Arbitration. Except to the extent necessary to enforce their respective rights under these Terms or as otherwise required by applicable law, the parties undertake to maintain confidentiality as to the existence and events of the arbitration proceedings and as to all submissions, correspondence and evidence relating to the arbitration proceedings. This provision shall survive the termination of the arbitral proceedings. 7.3 Court Jurisdiction To the extent that any court is required to weigh on the enforceability of Section 7.2, to enforce any judgment of the arbitrator, then, without limiting Section 7.2 or any other provision of this Agreement, the User (A) hereby irrevocably and unconditionally submit to the jurisdiction of the courts of the British Virgin Islands for such purpose; (B) agrees not to commence any suit, action or other proceeding arising in connection with or based upon this instrument or the matters contemplated by this instrument except before the courts of the British Virgin Islands, and (C) hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this instrument or the subject matter hereof or thereof may not be enforced in or by such court. 7.4 Class Action Waiver No Class Actions Permitted. All Users hereby agree that any arbitration or other permitted action with respect to any Dispute shall be conducted in their individual capacities only and not as a class action or other representative action, and the Users expressly waive their right to file a class action or seek relief on a class basis. USERS SHALL BRING CLAIMS AGAINST SITE OPERATOR OTHER ONLY IN THEIR INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Agreements if Class Action Waiver Unenforceable. If any court or arbitrator makes a final, binding and non-appealable determination that the class action waiver set forth in this Section 7.4 is void or unenforceable for any reason or that an arbitration can proceed on a class basis, then the arbitration provision set forth above shall be deemed null and void with respect to any Dispute that would thus be required to be resolved by arbitration on a class basis, and the parties shall be deemed to have not agreed to arbitrate such Dispute. In the event that, as a result of the application of the immediately preceding sentence or otherwise, any Dispute is not subject to arbitration, the parties hereby agree to submit to the personal and exclusive jurisdiction of and venue in the federal and state courts located in Wilmington, Delaware and to accept service of process by mail with respect to such Dispute, and hereby waive any and all jurisdictional and venue defenses otherwise available with respect to such Dispute. 8\. Miscellaneous 8.1 Headings The headings and captions contained in these Terms are for convenience of reference only, shall not be deemed to be a part of these Terms and shall not be referred to in connection with the construction or interpretation of these Terms. 8.2 Successors and Assigns These Terms shall inure to the benefit of Site Operator, the Users, and their respective permitted successors, permitted assigns, permitted transferees and permitted delegates and shall be binding upon all of the foregoing persons and any person who may otherwise succeed to any right, obligation or liability under these Terms by operation of law or otherwise. A User shall not assign any of a User rights or delegate any of a User liabilities or obligations under these Terms to any other person without Site Operator’s advance written consent. Site Operator may freely assign, transfer or delegate its rights, obligations and liabilities under these Terms to the maximum extent permitted by applicable law. 8.3 Severability In the event that any provision of these Terms, or the application of any such provision to any person or set of circumstances, shall be determined by an arbitrator or court of competent jurisdiction to be invalid, unlawful, void or unenforceable to any extent: (a) the remainder of these Terms, and the application of such provision to persons or circumstances other than those as to which it is determined to be invalid, unlawful, void or unenforceable, shall not be impaired or otherwise affected and shall continue to be valid and enforceable to the fullest extent permitted by law; and (b) Site Operator shall have the right to modify these Terms so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consumed as originally contemplated to the fullest extent possible. 8.4 Force Majeure Site Operator shall not incur any liability or penalty for not performing any act or fulfilling any duty or obligation hereunder or in connection with the matters contemplated hereby by reason of any occurrence that is not within its control (including any provision of any present or future law or regulation or any act of any governmental authority, any act of God or war or terrorism, any epidemic or pandemic, or the unavailability, disruption or malfunction of the Internet, the World Wide Web or any other electronic network, the Blockchain or Rysk Smart Contract System or any aspect thereof, or any consensus attack, or hack, or denial-of-service or other attack on the foregoing or any aspect thereof, or on the other software, networks and infrastructure that enables Site Operator to provide the Site), it being understood that Site Operator shall use commercially reasonable efforts, consistent with accepted practices in the industries in which Site Operator operates, as applicable, to resume performance as soon as reasonably practicable under the circumstances. 8.5 Amendments and Modifications These Terms may only be amended, modified, altered or supplemented by or with the written consent of Site Operator. Site Operator reserves, the right, in its sole and absolute discretion, to amend, modify, alter or supplement these Terms from time to time. The most current version of these Terms will be posted on the Site. Any changes or modifications will be effective immediately upon the modified Agreement being posted to the Site. A User shall be responsible for reviewing and becoming familiar with any such modifications. Each User hereby waives any right such User may have to receive specific notice of such changes or modifications. Use of the Site by a User after any modification of these Terms constitutes the User’s acceptance of the modified terms and conditions. If a User does not agree to any such modifications, the User must immediately stop using the Site. 8.6 No Implied Waivers No failure or delay on the part of Site Operator in the exercise of any power, right, privilege or remedy under these Terms shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. Site Operator shall not be deemed to have waived any claim arising out of these Terms, or any power, right, privilege or remedy under these Terms, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of Site Operator, and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. 8.7 Subcontracting We may subcontract (including to any of our affiliates) the whole or any part of our obligations under these Terms without your prior written consent. 8.8 Entire Agreement These Terms constitutes the entire agreement between the parties relating to the subject matter hereof and supersede all prior or contemporaneous agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 8.9 Rules of Interpretation (a) “hereof,” “herein,” “hereunder,” “hereby” and words of similar import will, unless otherwise stated, be construed to refer to these Terms as a whole and not to any particular provision of these Terms; (b) “include(s)” and “including” shall be construed to be followed by the words “without limitation”; (c) “or” shall be construed to be the “inclusive or” rather than “exclusive or” unless the context requires otherwise; (d) any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be applied in the construction or interpretation of these Terms; (e) section titles, captions and headings are for convenience of reference only and have no legal or contractual effect.; (f) whenever the context requires: the singular number shall include the plural, and vice versa; the masculine gender shall include the feminine and neuter genders; the feminine gender shall include the masculine and neuter genders; and the neuter gender shall include the masculine and feminine genders; and (g) except as otherwise indicated, all references in these Terms to “Sections,” “clauses,” etc., are intended to refer to Sections of Sections, clauses, etc. of these Terms. # Privacy Policy PRIVACY POLICY Ksyr Corp Last Updated: 18.2.2025 The following Privacy Policy (hereinafter “Privacy Policy”) explains how Rysk collects and uses any information You submit when using the Site, as defined within the Rysk Terms of Service (hereinafter “User Terms”), available at the following link: . This Privacy Policy should be read in conjunction with the User Terms, in which it is integrated. All capitalized proper nouns not defined in this Privacy Policy meet the same definitions and have the same meanings set out in the User Terms. Please, review the Privacy Policy periodically, as it may be subject to changes. In case you do not agree with or accept our Privacy Policy in its entirety, you must not access or use the Interface. If you use the Interface following a change to the terms of this Privacy Policy, you agree to accept the revised terms. Please, do not submit any information to us if you reside in a Restricted Territory or if you or your organization is a Restricted Person or US Person. Table of contents 1\. Data Collected. 2\. Who is the person determining the purposes and means of the processing?. 2\. Use of Your Data. 3\. Analytics. 4\. Governmental Entities. 5\. Cookies. 6\. Accessing and Editing Your Information. 7\. Opt Out of Commercial, Non-Commercial Communications and Do Not Track. 8\. Third-Party Websites and Links. 9\. Rights of the Data Subject. 10\. Security Measures. 11\. Age Compliance. 12\. International Transfer. 13\. Merger and Acquisition. 14\. Amendments. 15\. Contact. #### 1. Data Collected Rysk may collect the following information from you when you access or use the Interface: · Digital Wallet address, transaction history and other associated information. · Interactions with the Interface, including but not limited to usage data and preferences. · Online identifiers, like computer and browser information, operating system, data usage, IP address, and data transferred. · Information provided by third parties or publicly accessible databases which Rysk may combine with other information collected. #### 2. Who is the person determining the purposes and means of the processing? The legal person that determines the purposes and means of the processing of personal data is Rysk, with principal office in \[…] email \[…]. #### #### 2. Use of Your Data Where applicable, Rysk will use any data collected as directed by you and in accordance with the User Terms. Furthermore, Rysk may use your data in the following ways: · to provide any services offered by the Interface, to process transactions, to maintain, develop and operate the Interface; · to enforce the Privacy Policy or User Terms; · to comply with applicable laws; · to respond to third party, legal, governmental inquiries and to investigate any illegal or fraudulent activity; · to enhance or improve our users’ experiences; · to send you and receive information via selected communication methods as set forth within the User Terms or where requested by you; · to notify you of additional Rysk services and updates; · to assist in maintaining the functionality, safety, and security of the Interface; · to share your information with third-party contractors hired by Rysk to perform functions and provide services to us such as infrastructure providers, Blockchain technology providers, marketing providers, and other vendors Rysk uses to make available the Interface; · to release to governmental entities, authorities, or legal claimants as required. #### 3. Analytics Third party analytics tools collect or use information about your use of the Interface, which helps Rysk to improve it. Rysk wants to process as little personal information as possible when you use the Interface. That is why we have chosen Fathom Analytics for Interface analytics, which does not use cookies and does comply with the GDPR, ePrivacy (including PECR), COPPA and CCPA. By using this privacy-friendly website analytics software, your IP address is only briefly processed, and Rysk (running this website) has no way of identifying you. As per the CCPA, your personal information is de-identified. You can read more about this on Fathom Analytics' website, available at the following link: However, if you would like to entirely exclude your anonymized visits from showing up in our analytics, please go to the Fathom Analytics Exclude Your Visits page for opt-out instructions at the following link: #### 4. Governmental Entities Rysk may combine any data collected with information made available in third-party databases and public sources. Rysk may use such information to address claims, to respond to governmental inquires or requests, or to investigate issues. Furthermore, such information may be shared with governmental entities including criminal, civil and regulatory agencies. Please, be aware that Rysk may keep copies of your information subject to our internal retention policies for the purposes of abiding by Applicable Laws or to prevent fraud or injury to a third-party. #### 5. Cookies When you first come to the Interface, you may receive a notification that cookies are present. By clicking or tapping “Accept,” you agree to the use of these cookies as described below. On the contrary, by tapping “Decline,” you refuse to accept cookies from the Interface. If you refuse cookies, you might not be able to use other cookie-dependent features of the Interface. To manage specific cookie settings, review this Privacy Policy for further information. What is a Cookie A cookie is a small string of text that a website (or online service) stores on a user’s browser. It saves data on your browser about your visit to our site or other sites. It often includes a unique identifier (e.g., cookie #123). · “First-party cookies” are cookies set by Rysk (or on Rysk behalf) on Rysk site. · “Third-party cookies” are cookies set by other companies whose functionality is embedded into a site (e.g., google.com). · “Session cookies” are temporary cookies stored on your device while you visit the Interface. They expire when you close your browser. · “Persistent cookies” are stored on your browser for a period of time after you leave the Interface. Persistent cookies expire on a set expiration date or when they are deleted manually. Disabling Cookies Through Your Browser Most browsers automatically accept cookies, but this is typically something you can adjust. Information for each browser can be found in the links below: · Safari on desktop and Safari Mobile (iPhone and iPads) Please, note that, by default, Safari is engineered to protect you from being tracked from site to site unless you disable Intelligent Tracking Prevention (ITP). · Firefox By default, Firefox protects you from cross-site tracking so long as you have not disabled Enhanced Tracking Protection (ETP). There is therefore less need to manage cookies to protect your privacy. · Chrome · Microsoft Edge Enabling tracking prevention with Edge will protect you from being tracked between sites, such that there will be less of a need to manage your cookies in order to protect your privacy. · Samsung Internet Browser Please, note that Samsung Internet Browser includes “Smart Watch” protection that works to help protect you from being tracked across sites. · Brave Brave has several mechanisms to keep you from being tracked online, but you can change your privacy settings if you wish to have greater control over its decisions. To reset your device identifier, follow Google instructions and Apple instructions. #### 6. Accessing and Editing Your Information If you have any questions regarding any information collected, please contact us at . #### 7. Opt Out of Commercial, Non-Commercial Communications and Do Not Track If you decide to provide Rysk with your contact information, you agree that Rysk may send you communications via emails or other methods. However, you may choose to unsubscribe from certain communications by notifying Rysk that you no longer wish to receive them. If so, Rysk will endeavor to honor such requests promptly. If you wish to opt out of certain communications or data collection, please contact us at . #### #### 8. Third-Party Websites and Links When accessing a third-party site through our Interface, you acknowledge that you are aware that these third-party websites are not screened for privacy or security issues by Rysk, and you release us from any liability for the conduct of these third party websites. Please, be aware that this Privacy Policy, and any other policies in place, in addition to any amendments, do not create rights enforceable by third parties. Rysk bears no responsibility for the information collected or used by any third-party website. You must review their policies to understand how their data collection practices work. #### 9. Rights of the Data Subject Right to withdraw consent You have the right to withdraw your consent to the processing of your personal data at any time. Right of access You have the right to obtain access to the personal information collected about you, as well as its sources, purpose, and sharing. Right to rectification You have the right to obtain the rectification of inaccurate or incomplete personal data concerning you without undue delay. Right to erasure You have the right to obtain the deletion of your personal data without undue delay. Right to data portability You have the right, under certain circumstances, to receive personal information about you in a structured format that can be transferred to another entity. Right to restriction of processing You have the right to obtain the restriction of processing of your personal information if: (1) the user disputes the accuracy of personal information about him or her; (2) the user claims that the processing is unlawful; (3) the user claims that the controller no longer needs to retain the information for the establishment, exercise, or defense of a legal claim; (4) the user objects to the processing pending verification as to whether the data controller's legitimate grounds prevail over those of the data subject. Right to object You have the right to object at any time to the processing of your personal data if it is processed on the basis of legitimate interests, if it is used for direct marketing purposes (including profiling), or if the processing is for scientific, historical, or statistical research purposes. Automated individual decision-making You have the right not to be subjected to a decision based solely on automated processing, including profiling, that produces legal effects concerning you or similarly significantly affects you. In the event that you wish to exercise any of your above rights, please contact us at #### 10. Security Measures Rysk makes reasonable attempts to protect your data by using physical and electronic safeguards, such as encryption. However, as the Interface relies on Blockchain Technology and electronic infrastructure on which Rysk has no control, Rysk cannot guarantee the security or privacy of the information submitted. For this reason, Rysk recommends that you use anti-virus software, firewalls, and other precautions in order to protect yourself from security and privacy threats. #### 11. Age Compliance We do not collect or process any data concerning persons under the age of majority in your jurisdiction (“Minors”). Please do not submit information to us if you are under the age of majority in your applicable jurisdiction. In the event that we have inadvertently collected any data from a Minor, please contact us immediately. #### 12. International Transfer Your information may be transferred to – and maintained on – computers located outside of your state, province, country, or other governmental jurisdiction where the privacy laws may not be as protective as those in your jurisdiction. Your consent to this Privacy Policy followed by your submission of such information represents your agreement to that transfer. Information that is submitted to Rysk will be collected, processed, stored, disclosed, and disposed of in accordance with applicable UK law and this Policy. In addition, such information may be stored on servers located outside your resident jurisdiction. United Kingdom law may not provide the degree of protection for information that is available in other countries. #### 13. Merger and Acquisition In the event that Rysk is involved in a bankruptcy, merger, acquisition, reorganization or sale of assets, your data may be transferred as part of that transaction. Please, be aware that once the data is transferred your privacy rights may be subject to change. #### 14. Amendments As provided under the User Terms, Rysk may amend this Privacy Policy from time to time. When Rysk amends this Privacy Policy, it will modify the date of this Policy or it may contact you. In order to continue to use our Interface, you must agree to the amendments. If you do not agree, you must immediately cease using our Interface. #### 15. Contact If you have any questions regarding our Privacy Policy, please contact us at . # Brand Kit ### Rysk Logo Dark SVG
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