Legal

Risk Disclosure

Last Updated: March 5, 2026

This Risk Disclosure is provided to help you understand the risks of using the Lumina Engine beta application (the "Service"). Crypto systems are volatile, experimental, and occasionally allergic to working correctly.

By using the Service, you acknowledge and accept these risks.

1) Testnet Risk (High)

  • The Service runs on the Miden testnet. Testnets can be reset, halted, reorganized, or changed at any time.
  • Testnet tokens generally have no real value.
  • You may lose testnet balances, history, and state without warning.

Do not use real funds. Do not attempt to bridge or send mainnet assets into testnet contexts.

2) Smart Contract / zkVM / Cryptography Risk

  • Privacy systems rely on complex cryptography and implementation correctness.
  • Vulnerabilities, design flaws, or integration issues could cause loss of funds (in future mainnet contexts), unexpected disclosures, incorrect settlement, or broken guarantees.
  • Audits (if any) are not a guarantee of safety.

3) Privacy Risk (This One Matters for Lumina)

Lumina is designed to reduce information leakage, but:

  • Privacy is not the same as anonymity.
  • Metadata (timing, network requests, identifiers) can still leak.
  • Some flows are only fully private when both parties are on compatible privacy rails.
  • During beta, authorized Lumina operators may have access to certain trading/transfer lifecycle data via internal monitoring tools.

If you require strong privacy guarantees against operators, counterparties, or network observers, assume the beta does not meet that bar.

4) Non-Custodial and Key Management Risk

  • You are responsible for your keys, backups, devices, and wallet security.
  • If you use a local wallet/account stored on your device and lose the backup, access may be unrecoverable.
  • Malware, phishing, browser extensions, and compromised devices can lead to loss.

5) Off-Chain Infrastructure and Centralization Risk

The beta may rely on Lumina-operated infrastructure (e.g., transport/routing/monitoring services). Risks include:

  • downtime, degraded performance, or data loss,
  • operator errors or misconfigurations,
  • dependency risk on third-party hosting/providers.

6) Execution, Liquidity, and Pricing Risk

  • Trades and private intents may not execute, may partially fill, or may fail.
  • Displayed prices may be indicative, delayed, or simulated.
  • Slippage, spread, and execution quality can be materially worse than expected.

7) Third-Party Dependency Risk

Using the Service may involve third parties such as:

  • wallet providers,
  • RPC endpoints,
  • charting/market data services,
  • bridges or external venues (present or future).

Third-party failures can cause transaction failure, incorrect state, or data leakage.

8) Regulatory and Compliance Risk

Laws and regulations around crypto, privacy tech, and trading infrastructure vary by jurisdiction and can change quickly. The Service may not be legal or appropriate for your use in your location.

Lumina may restrict access, block addresses, or require additional compliance steps in the future.

9) No Financial Advice / No Fiduciary Duty

Nothing in the Service or associated materials constitutes financial, investment, legal, or tax advice. Lumina does not act as your broker, agent, or fiduciary.

10) Proceed If You're Comfortable With Chaos

If you are not comfortable with the possibility of:

  • unexpected behavior,
  • incomplete privacy,
  • downtime,
  • lost testnet state,
  • experimental security assumptions,

then you should not use the beta.

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Questions about these risks or the beta: