What it is
The risks of using Pari, and the limits of what the protocol can do. Nothing here is financial advice.When to use it
Read it before you buy, launch or stake.What can go wrong
Prices can fall to zero
Prices can fall to zero
Pari does not set or support a token’s price. Buying a token can lose all of what you paid.
Fast buyers pay too
Fast buyers pay too
The opening fee applies to every buyer in the period, not only to snipers. A buy at the start of a launch costs far more than later.
Rewards vary
Rewards vary
They depend on trading. Rewards are not a fixed amount and not a return.
Fees can change for new launches
Fees can change for new launches
The multisig can change the splits within set bounds. A token keeps the split it launched with.
The pool fee is set at creation
The pool fee is set at creation
A DAMM v2 pool operator can raise a pool’s fee later, up to 10%.
Meteora's code is outside Pari
Meteora's code is outside Pari
DBC 0.2.x, which includes the hook code, has no public audit.
Some routers do not route during the curve
Some routers do not route during the curve
Jupiter’s main router does not route DBC pools that have a hook. Other terminals do. After migration, Jupiter routes normally.
Tokens in a dev-lock account can get stuck
Tokens in a dev-lock account can get stuck
If a third party sends tokens to a creator’s locked-buy account during the window, the creator cannot use them.
A stock's issuer has control over it
A stock's issuer has control over it
A tokenized stock used as a pair is controlled by its issuer. An issuer can freeze accounts or move tokens out of them, including the account that holds payouts.
Smart contract risk
Smart contract risk
Pari’s programs are new. An external audit and a bug bounty are planned before mainnet.
What Pari cannot do
- Pari cannot promise returns.
- Pari cannot unlock the liquidity. After migration it is locked for good, and the lock can be checked on the Verify page.
- Pari’s rules do not stop sells. The caps limit buys. During the window, a transaction that uses a program on the blocklist is refused, sells included.
- Pari cannot change the fee split of a token that has launched.
- Pari cannot prove who controls a wallet. The rules limit what each wallet and each slot can buy. The funding check flags wallets that share a funding source. It does not prove common ownership.
- Pari cannot make a token trade on every venue. Routing is up to each terminal and router.
Next
Check a launch
What to look at before you buy.
Risk notice
The full legal risk statement.