Disclaimers

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1. Scienter is not an investment adviser

Scienter publishes impersonal market information and general trading signals of general and regular circulation. It is not tailored to your financial situation, investment objectives, risk tolerance, tax position, or any other individual circumstance, and Scienter does not know what those are. Nothing published by Scienter is:

• investment advice, or a recommendation to buy, sell, or hold any asset;
• an offer or solicitation to enter into any transaction;
• financial, legal, tax, or accounting advice;
• a statement that any trade is suitable for you.

Scienter is not registered as an investment adviser, broker-dealer, commodity trading advisor, or in any equivalent capacity in any jurisdiction. No advisory relationship, fiduciary duty, or relationship of trust and confidence is created by your use of Scienter, by creating a delegation, or by Scienter relaying a transaction you authorized. Scienter does not exercise discretion over your assets. You choose the strategy. You choose the limits. You sign the authorization. You can withdraw it at any moment, unilaterally, without Scienter’s cooperation and without Scienter’s ability to decline. This compliance framing rests on the Lowe v. SEC (472 U.S. 181, 1985) publisher’s exclusion for impersonal advice of general and regular circulation. The honest caveat: that exclusion is strongest for a newsletter and weakest for anything resembling discretionary account management. Auto-execution within a standing scope (see Non-custodial execution) moves toward the weak end — which is why per-trade confirmation defaults to ON, and auto-execution is opt-in per delegation. This is not a legal opinion, and none of the authors are lawyers. Get counsel before enabling auto-execute in any jurisdiction where you intend to operate.

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2. Scienter never holds your assets or your keys

Scienter is non-custodial. Your private key never leaves your device, and Scienter at no point holds, controls, or can unilaterally move your funds. The ScopedExecutor contract — where deployed — has no function permitting Scienter, or anyone else, to withdraw your assets. What Scienter operates is a relayer: it pays gas to submit transactions you have already signed and cryptographically bounded. It cannot alter what you signed.

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3. What a delegation actually authorizes

If you create a standing scope, you are authorizing a named executor address to trade from your wallet, without asking you again, until the scope expires or you revoke it. That authorization is bounded by limits enforced by the smart contract itself, not by Scienter’s promises: a maximum notional value per trade and per day, a fixed allowlist/blocklist of tokens, a maximum of five executions per hour, an expiry no more than 30 days out, and a maximum price deviation from an independent oracle. Within those limits, the executor decides what to trade and when. You may revoke at any time in a single transaction. Revocation cannot be blocked, delayed, or declined by Scienter, and continues to work even if Scienter’s emergency pause is active.

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4. Risk of loss

Trading digital assets can result in the total loss of your funds.

• Past performance does not predict future results. Backtested, simulated, and hypothetical results have inherent limitations and do not represent actual trading.
• Copy trading is not a strategy with a positive expected return. Published research and Scienter’s own documentation indicate that a majority of copiers lose money, and that a minority of lead traders produce gains for the people copying them.
• Spending limits are limits, not recommendations, and not protection. A daily cap of $5,000 is a faithful and fully non-custodial way to lose$5,000 a day.
• Additional risks include smart contract defects, oracle failure or manipulation, network congestion, adverse price movement between authorization and execution, and the permanent failure of any venue or counterparty.

The ScopedExecutor contract has not been independently audited and, as of this writing, is not deployed to any network. Do not commit funds you cannot afford to lose entirely.

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5. Automatic execution is opt-in

Per-trade confirmation is ON by default: Scienter notifies you and you approve each trade. Turning it off permits execution within your scope without further notice, and is a deliberate choice made explicitly per delegation.

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6. Your responsibilities

You are solely responsible for determining whether any trade is appropriate for you, for complying with the laws and tax rules of your jurisdiction, for the security of your wallet and keys, and for reviewing what your wallet displays before you sign. The signature dialog shown by your own wallet — not Scienter’s interface — is the authoritative record of what you are authorizing.

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7. No warranty; limitation of liability

Scienter is provided “as is,” without warranty of any kind. To the maximum extent permitted by law, Scienter and its contributors are not liable for any trading loss, lost profit, or any indirect, incidental, special, consequential, or punitive damages arising from your use of Scienter.

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8. Jurisdiction

Scienter is not directed at, and may not be lawfully available to, residents of every jurisdiction. You are responsible for determining whether your use is lawful where you are.

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Questions about these disclosures should be directed to the repository maintainers before you create a delegation, not after.