Risks

This is not financial advice

This page explains how the risks of each product work. It does not tell you what to do with your money and does not replace the legal terms. You have those in the app, under Profile → Settings → Terms of service and Privacy policy, and on the web, in your account menu (Terms of Use and Privacy Policy).

The starting rule: do not put in money you cannot afford to lose. Everything in Every can lose value, and some things can be lost entirely.

Perps and leverage

A leveraged perp multiplies what you win and what you lose. At 10x, a 10 % drop in price takes everything you put in.

• Liquidation. If the price reaches the Liquidation price, the position closes on its own and you lose what you put into it. The order screen shows that price before you confirm. It is an estimate: fees and funding move it over time.
• Funding. While the position is open you pay or receive funding every hour. If you pay, it eats into your margin and brings liquidation closer, even if the price does not move.
• On the phone, margin is always isolated: at most you lose what you put into that position, not the rest of your balance. On the web you can choose Cross, and then a loss can use your whole trading balance.
• Nobody warns you. Every sends no alerts before a liquidation. Watching your positions is up to you.
• Prices can jump. In a sharp move, a market order can fill worse than you expected, and a position can be liquidated before you have time to close it.

More in Leverage and margin and Funding and liquidation.

Stocks, gold and indices (HIP-3)

What you buy in these markets is not the share or the gold: it is a perp that follows its price.

• You are not a shareholder: no dividends and no voting rights.
• It has a holding cost while it is open, the funding.
• It is leveraged if you choose so, with all the risks in the section above.
• Each market is run by a third party, the dex in its name (such as xyz in xyz:AAPL), with its own rules and fees. Every does not control it.

More in Stocks and commodities.

Spot

Buying a spot token means really holding it, with no leverage: there is no liquidation, but its price can fall a lot, even close to zero. Small buys can leave a tiny remainder of the token that cannot be sold, and the screen tells you how much before you buy.

Savings

Your money in Savings is lent through protocols Every does not control (Morpho, and Hyperliquid’s lending market), and that is where the interest comes from.

• It is not a bank deposit: there is no deposit guarantee scheme.
• It depends on software and on whoever runs it. If something fails there, you can lose part of it.
• The interest is variable. It can go down, and in extreme cases you could get back less than you put in.
• Taking it out is usually quick, but it depends on how much is free at that moment. If almost everything is lent out, it waits until borrowers repay.
• Every guarantees neither the money you put in nor any interest.

More in Yield and risks.

Predictions

In a prediction you bet that something will or will not happen. If you are right, you collect when the market resolves; if not, you lose everything you put into it. The market resolves by its own rules, set by whoever created it, not by Every. More in Resolution.

Wrong networks and addresses

There is no going back on the chain. What is sent wrong cannot be recovered by anyone, Every included.

• When receiving, send only the coin and network you pick in Receive. Any other coin or network can be lost.
• When sending to an address, the money arrives as USDC on the Arbitrum network. If the address is wrong, or belongs to a place that does not accept USDC on Arbitrum, it is lost.
• The app refuses addresses it knows are wrong (your own, one that burns the money, a token contract or a Hyperliquid system address), but it cannot know whether a valid address is the one you meant.

More in Send and receive.

Your login

Your account is your email, your Google or your Apple. Whoever gets into your login gets into Every, and from there can move your money or export your key. So:

• Protect that email or account with a strong password and two-step verification.
• Add a second way in under Profile → Ways in, so you are not locked out if you lose one.
• Never give a code, a password or your key to anyone. Every will never ask you for them.

What to do if you lose your phone or think someone got in is in Account security.

The services Every relies on

Every runs on other people’s services: Hyperliquid to invest and trade, Morpho for Savings, Privy for your login and your wallet, and Circle for USDC. If one of them fails or stops, you may not be able to trade or move money until it is back. Every cannot advance you money or trade for you in the meantime.

What Every does not do

• It does not hold your money. It is in your own wallet. You sign every movement on your device, and Every cannot move your money without your signature.
• It cannot reverse a transaction or recover money sent to the wrong address or network.
• It cannot freeze your money or end the session on another device.
• It does not warn you before a liquidation.
• It does not guarantee the value of anything you buy, or the Savings interest.
• It does not tell you what to invest in. Nothing you see in the app is a recommendation.