Terms

Software, not a service

The vaults, pools, lending markets and staking contracts execute exactly as written on chain. Nobody can reverse a transaction or recover funds sent to the wrong place. This website is one interface to those contracts; you may use any other, or none.

Some of what this app shows you belongs to other protocols. The automated vaults are operated by Steer, the lending markets are Morpho, and incentives are distributed by Merkl. PYRE curates which of them appear here and cannot pause, gate or reverse any of them.

Risk

• Smart contracts can contain bugs. Deposit only what you can afford to lose.
• Providing liquidity is not holding. When the two sides of a pair move apart, the position rebalances against you, and the fees it earns may or may not cover the difference.
• Borrowing adds a liquidation price. If your collateral falls far enough it is sold to repay the debt, without warning and without your involvement.
• Every rate shown is an estimate from recent activity, not a promise. It varies and it can go to zero. PYRE itself has no promised value.
• Prices come from oracles and from what the vaults hold. Oracles can go stale, and while they are stale borrowing and liquidation may both be unavailable.
• Permissionless means anyone can list anything. A pool or token appearing in this interface is not an endorsement — check the contracts yourself.

Eligibility

You are responsible for complying with the laws that apply to you, including tax, securities rules, and any restriction on holding or trading tokenized equities where you live.

Conduct

Chat is public. Messages that are abusive, illegal or spam may be removed and the address blocked from the relay.