Plain language, describing what the software actually does. Last updated 25 August 2026.
⚠ These are interim terms and have not been reviewed by a lawyer. They are an honest description of the system written by the people who built it, published because that is more useful than a blank page — not because they are a finished legal instrument. They are not legal, financial or tax advice. If you need any of those, get them from someone qualified.
Ilyris is a set of smart contracts on Robinhood Chain, plus this website, which is a static page that reads those contracts directly. There is no account, no sign-up and no server holding anything of yours.
It is non-custodial. We never take possession of your assets. Every transaction is signed and broadcast by your own wallet. We cannot move, freeze or recover your funds, and neither can anyone else — including in situations where you would very much like someone to.
No third-party security audit has been completed. The contracts are extensively tested and source-verified on Blockscout — factory, lens, both pools, the planner and the market guard — so you are welcome to read the contract that holds your deposit. But tests are not an audit. Smart contracts can contain flaws that testing does not reveal, and those flaws can result in the total, permanent loss of everything deposited.
Do not deposit more than you can afford to lose completely.
Pools have an owner. Stated plainly, because you are entitled to know what that means before you deposit. The owner can:
The owner cannot touch deposited principal, cannot take fees already earned by a position, and cannot prevent a withdrawal. That last one is structural rather than a promise: the guard is not consulted on the removal path at all, so there is no code path by which anyone stops liquidity leaving.
Impermanent loss. Providing liquidity is not lending and is not yield. If the price moves, the value of your position can be worth less than simply holding the two tokens. A narrow range concentrates this effect.
Range risk. Liquidity earns fees only while price is inside your range. Outside it you earn nothing and hold whichever token the market moved you into.
Chain and infrastructure risk. Robinhood Chain, its bridges, the tokens you trade and the RPC endpoints this page reads are all operated by third parties, and none of them is us.
Token risk. Pools are permissionless — anyone can create one with any token. A token appearing here is not an endorsement, and a familiar ticker is not proof of a familiar asset. Verify contract addresses yourself.
You are responsible for whether using this software is lawful where you are. Do not use it if it is not.
Robinhood Chain carries tokenized equities, and their legal status is unresolved. They may constitute unregistered securities in some jurisdictions and are not available to US persons or residents.
Where a pool holds such a token, the interface asks you to confirm — once per pool — that you are not a US person or resident, that using it is lawful where you are, and that you accept sole responsibility for that. Trading or depositing without that confirmation is not offered.
Be clear about what that confirmation is: an attestation by you, not a control by us. The contracts cannot tell who you are and this website does not attempt to identify you. Nothing on chain enforces it, so the assessment is genuinely yours. Confirming something untrue does not transfer the consequences to anyone else.
Withdrawing an existing position is never gated by this, or by anything else. A prompt that could trap your funds would be worse than no prompt at all.
The software is provided “as is”, without warranty of any kind, express or implied. To the fullest extent permitted by law, no contributor is liable for any loss arising from its use — including loss of funds through contract flaws, chain failure, third-party services, market movement, or your own transactions.
These terms will change, and materially — a completed audit and proper legal review will both alter what is written here. The date at the top is the only version marker. Continued use after a change means you accept it.