LINTEL // DOCS
Docs Elysium Open app

Risk disclosure

What can go wrong, stated plainly. None of it is hypothetical enough to skip.

Last updated 8 November 2026

You can lose everything you deposit. The vault is unaudited, runs on a chain that has not officially launched, and holds a token whose code can be changed by its administrator. Read this page in full before depositing, and do not deposit more than you can afford to lose.

Smart contract risk

  • No audit. The vault has been tested but not audited. A bug could let funds be taken or locked.
  • No way to fix it. The vault has no owner, pause or upgrade path. That also means nobody can stop it, patch it or rescue funds if something goes wrong.
  • Unlimited approval. The app approves the vault to spend your WHYPE without limit, so later deposits need one signature fewer. That approval covers all the WHYPE in your wallet, not only what you deposit. If the vault had a bug that could misuse an approval, WHYPE you kept in your wallet would be exposed too. You can revoke the approval at any time with your wallet or a token-approval tool.
  • OpenZeppelin and the compiler. The vault inherits OpenZeppelin’s ERC-4626 and is compiled with Solidity 0.8.26. A flaw in either would affect it.

Asset risk: WHYPE

  • The vault holds only WHYPE. Shares are worth exactly the WHYPE behind them, and nothing if WHYPE fails.
  • WHYPE on Elysium is an upgradeable proxy. Whoever controls its administrator can replace its code, including in ways that change balances or block transfers. The Lintel vault cannot protect against that.
  • Kinetiq has not yet published official mainnet addresses. The WHYPE address used here was checked against Kinetiq’s testnet deployment (see Docs), but it is not confirmed by Kinetiq.

Network risk: Elysium

  • Pre-launch. Kinetiq lists Elysium mainnet as pre-launch. Its configuration, endpoints and contracts may still change.
  • One sequencer. Elysium is an Arbitrum Orbit rollup whose transactions are ordered by a single sequencer run by Conduit. The sequencer can go down, delay transactions, or choose not to include them for a time.
  • Bridging takes time. Moving HYPE between Elysium and HyperEVM goes through the rollup’s bridge. Withdrawals to HyperEVM wait for the rollup’s confirmation period and can take days.
  • Operator control. The chain’s operators can upgrade its software and contracts. Changes could affect every application on it, this vault included.
  • Dependence on HyperEVM. Elysium settles to HyperEVM. Problems there carry over.

Infrastructure risk

  • Community RPCs. The app reads the chain through community-run endpoints, because no official public endpoint exists yet. They can go offline, rate-limit, or return wrong data. A wrong balance on screen does not change what is on chain, but it can mislead you.
  • Your wallet’s RPC. If your wallet did not know Elysium, the app suggests one of these same endpoints to it. Your wallet will then send your transactions through that endpoint.
  • The website. The site can go offline or be changed. The vault does not depend on it: you can always interact with the contract directly through an explorer or another tool.
  • Phishing. Copies of the site can be made to steal funds. Check the address in your browser, check the vault address against Docs, and never share your seed phrase. The site will never ask for it.

Reward risk

  • No yield is promised. The vault does not invest, lend or trade. The share price rises only if someone sends WHYPE to the vault as a reward. If nobody does, it stays flat.
  • Rewards are slow. A reward takes seven days to release after it is harvested, and may first wait up to seven days for the current cycle to end.
  • Leaving early. Shares redeemed before a reward has fully released get only the part already released.

Market risk

  • The vault is priced in HYPE, not dollars. If HYPE falls, your position falls with it in dollar terms, whatever the share price does.
  • Secondary markets. If shares are traded or used elsewhere, their market price can differ from their value in the vault.
  • Other protocols. Using shares as collateral or in another protocol adds that protocol’s risks, including liquidation.
  • Any Lintel token that may be launched separately from the vault is a different asset with its own risks. Its price can go to zero, and holding it gives no claim on the vault.

Your own risk

  • Transactions on a blockchain are final. Nobody, including us, can reverse, cancel or refund one.
  • Losing your keys or seed phrase means losing access to your shares for good.
  • Each transaction costs gas in HYPE, whether or not it succeeds.
  • Rounding in deposits and redeems always favours the vault, by at most a few wei.

Acceptance

By using the app you confirm you have read and understood these risks and accept them. This page is not a complete list: other risks exist, including ones nobody has thought of yet. See also the Terms of Use.