Risks

Read this before you exit an asset or stake. It summarises how EXIT HOUSE works and what can go wrong. It is not legal advice; using EXIT HOUSE is governed by the Terms and Conditions.

Key risks

• Exits are permanent. An exited NFT or token amount is burned or sent to 0x…dEaD and cannot be recovered by anyone, including EXIT HOUSE.
• Rewards follow a signed quote. Valuations come from market data and can be unavailable, change quickly, or be capped. The reward rate and limits are set on-chain.
• Every exit pays a fee of 2% of its Exit Value in ETH, on top of gas. Your quote shows the exact amount; it is forwarded at once to the EXIT liquidity pool and the treasury and is not refunded.
• Exiting a token is not a market trade. EXIT is paid from the protocol's reward allocation at the quoted rate; EXIT's own market price can change.
• The core contracts are upgradeable so security defects can be fixed, which is a risk in itself: new code can change how they behave. The token has no mint function and rejects code that changes its 10B cap, and in production every upgrade waits behind a multisig and a 48-hour timelock, published on the Protocol page.
• Ethereum transactions are irreversible. You alone control your wallet and keys.
• EXIT HOUSE is experimental software. Smart-contract, network and service-provider risks apply.
• EXIT is a utility token. Nothing here is financial or investment advice.
• Access to this interface may be restricted in some jurisdictions.

How exits work

Each exit uses a quote signed by the EXIT pricing service. The quote binds your wallet, the asset, the token id or amount, the qualifying USD value, the reward rate, the final EXIT reward, the Exit Method and an expiry. The ExitRouter contract verifies all of it, enforces the on-chain limits, has the asset's exit adapter dispose of it, either through the asset's own burn function or by sending it to 0x000…dEaD, and pays the reward from the RewardVault, all in one transaction. If any check fails, nothing happens.

An exit is two transactions: you approve the asset's exit adapter (a token for exactly the quoted amount), then call the ExitRouter, sending the quoted exit fee with it: 2% of the Exit Value in ETH, on top of gas, which the ExitRouter forwards at once to the EXIT liquidity pool and the treasury. An approval you don't use can only be spent by an exit you sign yourself. Exiting a token is not a market trade: there is no pool and no price impact, and EXIT is paid from the protocol's reward allocation.

The reward rate is 1,000 EXIT per qualifying $1 for the first 30 days from the official launch, then 100 EXIT per $1. It is decided on-chain, and a quote at the launch rate can't be used after the Launch Month ends.

Upgradeable contracts

EXIT, ExitRouter and ExitStaking are upgradeable proxies, so that a security defect can be fixed after deployment. An upgrade replaces contract code, which is itself a risk: new code could contain new bugs or change how the protocol behaves. The safeguards:

• The token has no mint function, refuses to mint after genesis and rejects new code that changes its 10,000,000,000 cap. Its upgrades can be sealed permanently, after which its code can never change.
• In production, upgrades need the EXIT HOUSE multisig and then wait out a 48-hour timelock in public before they can execute, so anyone can review them first.
• Every upgrade is checked against the deployed storage layout, so balances, staking positions, consumed quotes and exit history carry over.
• The RewardVault, FounderVesting and the exit adapters are not upgradeable. Founder vesting has no admin and never starts before the planned launch.
• Every upgrade is published on the Protocol page with its reason, code changes, new implementation and security impact.

Pausers can stop exits or new stakes instantly in an emergency; claims of matured staking positions can't be paused. Current addresses, versions and the upgrade log are on the Protocol page.

How staking works

Staking terms pay a fixed yield per term, not an annual rate. There is no early withdrawal and no automatic rollover. At maturity you can claim principal plus reward, or restake the full amount into any open term. Rates you stake at never change for that position.

Interface access

EXIT HOUSE may restrict access to this interface in some jurisdictions, or for wallets subject to sanctions. The smart contracts are separate from this interface.