What can go wrong

• The coins in a fund can fall, and a basket of coins that all fall together is still a basket that fell.
• A fund is an idea somebody had. Many will lose all of their value or be abandoned by the person who made them.
• A Rule or Flex manager can trade badly, and nothing stops them. The 24 hours on a coin the fund does not already hold is the only warning you are structurally owed.
• A coin in a basket can turn out to be worthless or impossible to sell. If it cannot be sold it stays in the basket at whatever it is worth.
• Nothing here is reversible. A transaction on a public chain cannot be cancelled, refunded or undone by anyone, us included.
• Funds are made by users and are not vetted by Blendfi.

A managed fund's trades are checked against the market price before they can go through, so a manager cannot sell the basket into a bad price on purpose. What that does not decide is what the fund holds. Choosing the coins is the manager's job and it stays theirs, and a fund can lose money on choices that were made in good faith at a fair price.

The full version is the Risk Disclosure, and it is the one to read before committing anything. This section is a summary of it and does not replace it.