Risk Notice

• the contracts are unaudited and have never run in production
• there is no upgrade path, so a bug in a launched market cannot be fixed
• there is no administrator who can reverse a trade, unwind a launch, or recover funds sent to a wrong address
• a new market starts with no quote inventory: early prices move violently and mean very little
• quote assets are third-party tokenised debt securities whose issuer can pause, rescale or discontinue them
• trading halts and market hours in the underlying security are not enforced on-chain
• the 500th-buy pot is deterministic and public: it can be raced
• swaps are public before inclusion; MEV and front-running apply
• the network is a single-sequencer rollup
• the regulatory treatment of markets quoted in tokenised stock exposure is unsettled and may change

The long version, with mechanisms, is at Known Risks.