Trading on PEX carries inherent risks that users should carefully consider before participating. As a decentralized, non-custodial exchange operating across multiple blockchains, PEX relies on smart contracts deployed natively on each supported chain. While these contracts are reviewed and audited, vulnerabilities may still exist. Any bug or exploit could result in the loss of funds or disruption of expected behavior. PEX’s multichain architecture also introduces network-level risks — including chain-specific downtime, congestion, or consensus-related delays — that may impact the execution or settlement of trades.
Market-related risks are also present, particularly in early-stage or low-liquidity markets. These conditions may result in slippage, delayed fills, or limited ability to enter or exit positions. Additionally, PEX uses hybrid pricing mechanisms that include onchain data and external feeds. Inaccurate or manipulated price data could impact execution fairness or introduce exposure in future features such as derivatives or margin trading.
While PEX enables gasless trading by abstracting gas fees through relayers, these relayers may experience delays or fail to submit transactions under extreme conditions. This can temporarily affect order execution timing, although user funds remain in their control at all times.
To mitigate these risks, PEX employs audited contracts, deterministic execution logic, non-custodial architecture, and multi-chain compartmentalization — meaning failures on one chain do not compromise others. However, no system is entirely immune to failure or exploitation.
By using PEX, users acknowledge that they are solely responsible for their actions, understand the technical and financial risks involved, and agree to monitor system updates, announcements, and their own onchain activity. This disclaimer does not represent a comprehensive list of all risks, and users are encouraged to do their own research and exercise caution at all times.