Risk Disclosures

Service interruptions

Features change, interfaces break, and outages happen. Do not build anything on the rail that cannot tolerate interruption.

No warranty

The rail is provided as is, without warranty of any kind, express or implied, including any warranty of merchantability, fitness for a particular purpose, or non-infringement. You use the rail at your own risk.

Credits are not investments

Credits are claims on compute capacity, sold at 0.8x provider face value. They are not currency, not securities, and not deposits. They are not insured. You can lose some or all of the value you put into the rail, including through provider failure, market movement, or your own key mismanagement.

Compute markets are volatile

Compute prices and availability move. Provider capacity listed today may not be available tomorrow, and the value of a credit against future capacity can fall. Past settlement history, including published rail runs, does not guarantee future results.

Grade labels are not guarantees

Every ledger line is graded: live, live-attested, attested, fixture-mechanism, or fixture. Grades state what a line is, not what it will do. Fixture and fixture-mechanism lines are labeled fixtures: they are test or demonstration mechanisms, not settled production capacity, and must not be relied on as such. Even live and attested lines describe settlement records, not a promise of future provider performance.

Quota keys and metering

Quota keys are metered to the second, and spend against a valid key is final. If a key leaks, an agent misbehaves, or a loop runs away, the spend it records is real. Scope keys narrowly, set limits, and revoke keys you no longer control.

Settlement finality

The FK1 rail conserves exactly: credits in equal credits out plus toll. Settled lines are final. A mistaken transfer, a mispriced order, or a toll you did not expect cannot be reversed by rewriting the ledger. Check movements before you confirm them.

Tolls

Movement pays the toll: 5% in, 5.5% out. Round trips through the rail cost the combined toll regardless of what the underlying compute market does. Factor the toll into any expectation of net value.

Counterparty and provider risk

Credits settle against provider capacity. A provider may fail to deliver, degrade, or delist. The rail records and grades what settles; it does not guarantee provider performance.

Regulatory risk

The legal treatment of compute credits and settlement rails may change in any jurisdiction. Changes in law could affect the rail, your account, or the value and usability of credits.

Security risk

No system is perfectly secure. Despite reasonable measures, account credentials, keys, or infrastructure could be compromised. You are responsible for your own credential and key hygiene.

No advice

Nothing on this site is investment, legal, accounting, or tax advice. Make your own determination, with your own advisers, before committing funds.

Governing law

These disclosures are governed by the laws of the State of Texas.

Contact

Questions about these disclosures: contact.

Last revised: 2026.