Risk Disclaimer

Risk Disclaimer

Read this before you pay for a challenge. Trading - simulated or funded - carries real risk, and Kronus's specific mechanics carry risks beyond ordinary trading. This section does not cover every risk; it's a starting point, not a substitute for your own judgment.

1. Challenge fees are not a deposit

A challenge fee buys a one-time evaluation, not custody of funds. You cannot withdraw the fee, and the simulated balance in a challenge account is not money you own - it's a performance threshold. Only realized profit on a passed, funded account is eligible for payout, under the caps below.

2. Payouts are capped by a real, finite reserve

Hard-capped to the onchain reserve; excess queues FIFO Per trader, per epoch, payouts are capped at greater of $10,000 or 5% of reserve, per trader per epoch. Meeting a profit target does not guarantee immediate or full payout of that profit if reserve capacity is constrained that epoch.

3. Phase 1 is simulated trading

Funded accounts are simulated environments running on live prices and order books. Payouts are real USDG, funded by the Kronus treasury, verifiable onchain. Simulated fills track live Hyperliquid prices but are not orders placed on Hyperliquid itself; execution, slippage, and market-impact characteristics of a real order book can differ from what a simulation shows.

4. Leverage amplifies losses

Kronus caps selectable leverage below Hyperliquid's own per-asset venue maximum (currently up to 5x on BTC/ETH, 2x on other crypto, and 4x on equities/commodities, or the live Hyperliquid cap if that's lower - check the current figure on the Markets page). Even at a capped level, leverage magnifies both gains and losses and can accelerate a daily-loss or drawdown breach. Using maximum available leverage is never required and is not a strategy we endorse.

5. Crypto, equities, and commodity perps are volatile

Every market Kronus offers access to - crypto majors and alts, and the equity/commodity perpetuals listed on Hyperliquid's builder-deployed venues - can move sharply and without warning. Past price action is not predictive of future price action.

6. Payouts depend on a reserve that can run short

Payouts are hard-capped to the onchain reserve. Claims are hard-capped to the onchain reserve; excess queues FIFO: if one epoch's claims exceed the reserve, the excess queues to the next epoch rather than being paid from money the protocol has not earned. A queued payout is not a lost one, but it is a delayed one, and the delay is not bounded in advance.

7. Payout wallets are screened onchain

Before a payout is sent, the destination wallet is screened against sanctions lists and for mixer/exploit exposure. A flagged wallet's payout is held pending review and may be refused. This is not a KYC check on you as a person - no kyc - your wallet is your account. payout wallets are screened onchain.

8. Smart-contract and custody risk

Payouts run through smart contracts on Robinhood Chain. Bugs, exploits, or upstream failures (including in Hyperliquid's own infrastructure) are possible and outside Kronus's control; we do not guarantee against them.

9. Nothing here is advice or a guarantee

Nothing on this site, in the app, or in this document is financial, investment, tax, or legal advice, or a guarantee of any outcome - passing a challenge, receiving a payout, or any rate of return on the reserve. You are solely responsible for your trading decisions and for understanding the rules before you pay for a challenge.