Stated plainly, so that nobody has to guess.

Price. A coin's price is what the last trade set. Locked liquidity means the supply cannot be pulled; it does not mean the price cannot fall to almost nothing. Most coins do.

Creators sell. A creator holds their dev buy and can sell it. The dev buy is capped at 4% of the supply and is visible on the coin page.

Pair asset risk. A coin priced in another asset moves with it. If the pair asset's own market is thin or its price feed fails, the coin's dollar value is unreliable even when its pool is fine.

Tax. A taxed coin costs more to enter and to leave (up to 5% each way). The tax is set at launch, visible on the page, and cannot be changed.

The factory is upgradable. The factory books fees and runs launches. Its owner can change fees for future launches and pause new launches. It cannot touch a position, a booked fee, or the locker.

Rhea. Every pool is a Rhea DCL pool; Rhea's administrators keep their powers over every pool on Rhea.

Perp-backed coins add venue risk: a leveraged position can be liquidated, Hyperliquid can pause a market, and margin moves between NEAR and Hyperliquid take minutes, not blocks. The buffer and the defense layers reduce these risks; they do not remove them.

Contracts. The contracts are new and unaudited. Read them; the source is public.