Risk disclosures

Tokens launched through Holyhood are user-created and experimental. Nobody reviews, vets or endorses them. Before you buy, check the contract address, the creator, the holder concentration, and the transaction your wallet is asking you to sign.

Market risk

Prices are volatile and liquidity can be thin. Most launches lose most of their value. Assume total loss is possible.
Names, tickers and artwork can be duplicated. Anyone can launch a token that looks exactly like another one. The contract address is the only thing that identifies a token.
Concentration is the real risk. If a handful of wallets hold most of the supply, they can sell into you. The safety card on each token page shows this.
Round trips lose money. Every trade costs 1% and burns supply, so buying and immediately selling is always a loss.
Large buys near the graduation target are rejected outright rather than partially filled. This protects the curve, but it means a trade you expected to work can revert.

Mechanism risk

There is a window with no exit. When a token's curve fills, buys and sells both stop until the migration goes through. It is usually seconds, but it is a real gap during which you cannot sell.
Graduation is not a quality signal. It only means the threshold was reached.
Liquidity is locked permanently and irreversibly. That makes a rug pull through liquidity withdrawal impossible — but it also means nothing about that position can ever be changed or recovered, by anyone, for any reason.
Creator rewards can become permanently stuck if the creator's address cannot receive ETH.

Protocol and operator risk

The contracts are not upgradeable and have not been formally audited. A bug cannot be patched in place; it would require deploying a new factory, leaving existing tokens on the old code.
The protocol owner can pause trading. While paused nobody can buy, sell or launch. Migration is paused too.
Launching requires a signature from Holyhood's backend. If that service is unavailable, no new tokens can be created. Trading of existing tokens is unaffected.
The owner can change the treasury and the fee configuration for future launches, within on-chain caps (trade fee below 25%, graduation fee at most 1 ETH). Existing tokens keep the fees they launched with.
The app can be wrong. Charts, market caps, P&L and holder figures are derived from indexed on-chain data and can lag, gap, or display incorrectly. The chain is the source of truth.

Operational risk

Bridging and network mistakes are not reversible. Sending funds to the wrong chain is the most common way people lose money here. Withdrawals through the canonical bridge take about seven days and end with a step on Ethereum that costs gas.
The card on-ramp delivers to Ethereum mainnet, not Robinhood Chain. You must bridge afterwards. Buying and expecting to trade immediately will leave your funds on the wrong network.
ETH sent directly to the factory contract, rather than through the app, is not recoverable by the sender.
Delegated HH cannot be withdrawn before its lock expires, under any circumstances.
Third-party services — the card on-ramp, bridges, IPFS gateways, RPC providers — can fail independently of Holyhood, and their failures are not something Holyhood can reverse.
Features can be switched off at runtime without notice, which removes pages from the app.

What Holyhood is

Holyhood is an interface to public smart contracts. It is not a broker, not a custodian, and not an adviser. It never holds your funds, and it does not offer investment advice or make any representation about the quality or prospects of any token.

TODO before publishing: have this page reviewed against the app's /legal terms, privacy policy and risk disclosure pages so the two do not contradict each other.