VORTA
$export VORTA_CA=[scan]
less RISK

risk disclosure

Read this before you trade, back the reserve, or buy VORTA.
  1. §01

    no ownership

    A Vorta position is a synthetic, collateralised contract with VortaReserveVault. It does not give you shares, equity, voting rights, dividends, or any claim on any company. No company referenced on Vorta Markets is involved with, endorses, or is affiliated with Vorta. Vorta is not affiliated with Robinhood Markets, Inc.

  2. §02

    reference prices are estimates

    Private companies have no public price. Reference prices are published on-chain by authorised oracles from secondary-market information, which is thin, infrequent and can be wrong. Prices can go stale, jump when updated, or be corrected. Trading, closing and liquidation depend on those prices.

  3. §03

    leverage and liquidation

    Leverage multiplies gains and losses. When a position's equity falls to the maintenance margin anyone can purge (liquidate) it, and a liquidation penalty is taken from what remains. You can lose all of the collateral you post.

  4. §04

    funding, fees and caps

    Open positions pay hourly funding and trading fees on open and close. Profit on a single position is capped at 100% of its size. Markets have exposure caps and can be switched to exit-only.

  5. §05

    resolution

    When a company lists, or in other circumstances decided by the operator, a market is resolved at a final price and every position in it closes at that price. The final price may differ from any public trading price after listing.

  6. §06

    reserve risk

    Reserve depositors are the counterparty to traders. When traders profit, the reserve loses value. Withdrawals have a delay and can only be paid from free, unpledged assets.

  7. §07

    staking and the token

    VORTA is a utility token with no claim on the protocol's assets. Staking yield depends on trading activity and can be zero. The ETH / VORTA pool charges a fixed 2% tax on buys and sells. The token's price can fall to zero.

  8. §08

    root and oracle trust

    Roles on VortaConsole can register listings, publish and override prices, change risk parameters, lock the system down and resolve markets. These powers are trusted. The contracts are unaudited unless stated otherwise.

  9. §09

    smart contract and chain risk

    Bugs, Robinhood Chain outages, RPC failures, Uniswap v4 behaviour, and wallet compromise can all cause loss. Transactions are irreversible.

  10. §10

    your responsibility

    Using Vorta Markets may be restricted or illegal where you live. You are responsible for complying with your local laws and for your own tax obligations. Nothing on this site is investment advice.

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