Clear Expectations
To use Synap effectively and safely, it’s important to understand what it is not designed to do.Not a Financial Advisor
Information, Not Advice
Synap provides market data and executes transactions, but does not give financial advice.
What This Means
Synap shows you market data and trends
Synap executes trades you request
Synap explains what transactions will do
Your Responsibility
All trading decisions are made by you. Synap is a tool that helps you execute your decisions, not make them for you.Always do your own research (DYOR) before making any trading decisions. Past performance does not guarantee future results.
Not a Custodial Service
Your Keys, Your Crypto
Users maintain control of their funds through their embedded wallet. Synap only executes transactions that users explicitly approve.
Custody Comparison
| Feature | Custodial Service | Synap |
|---|---|---|
| Holds your funds | ✅ | ❌ |
| Controls private keys | ✅ | ❌ |
| Can freeze your account | ✅ | ❌ |
| Can move funds without permission | ✅ | ❌ |
| You have direct blockchain access | ❌ | ✅ |
What This Means for You
- Full ownership: Your wallet is yours
- Direct access: Withdraw anytime without permission
- No intermediary: Transactions go directly to the blockchain
- Self-responsibility: You’re responsible for your wallet security
Not an Automated Trading Bot
No Autonomous Trading
Synap does not make autonomous trading decisions. Every action requires user initiation and confirmation.
Bot vs Synap
- Trading Bots
- Synap
- Execute trades automatically based on algorithms
- Run 24/7 without user interaction
- Make decisions autonomously
- Can execute hundreds of trades per hour
Coming Soon: Automated actions will allow setting triggers, but these will still be user-defined rules, not autonomous AI decisions.
Not a Guarantee of Profit
Trading Carries Risk
DeFi trading carries inherent risks. Synap helps execute trades but cannot guarantee outcomes.
Understanding the Risks
Market Risk
Market Risk
Token prices can go up or down. Past performance doesn’t indicate future results.
Liquidity Risk
Liquidity Risk
Some tokens may have low liquidity, leading to high slippage on trades.
Smart Contract Risk
Smart Contract Risk
DEXs and tokens are built on smart contracts which may contain bugs or vulnerabilities.
Impermanent Loss
Impermanent Loss
For future LP features, providing liquidity carries impermanent loss risk.
Risk Mitigation Tips
Start Small
Begin with amounts you can afford to lose while learning
Diversify
Don’t put all your funds in a single token
Research
Understand what you’re buying before trading
Set Limits
Decide in advance how much you’re willing to risk
Summary
| Synap IS | Synap is NOT |
|---|---|
| A DeFi assistant | A financial advisor |
| A transaction executor | A custodian of your funds |
| A market data provider | An automated trading bot |
| A tool you control | A guarantee of profit |
Synap empowers you to interact with DeFi more easily, but the decisions and their outcomes remain yours.