LegalRisks

Know the risks before you sign.

Last updated 12 November 2026

Mosaec runs on NEAR testnet with test tokens that have no value. The contracts have had no independent review yet. Read this before you use any version with real funds.

  1. 01Borrowers can lose their coins

    Pay the repayment before the date or the Title holder keeps every coin in the pack. This holds whatever the coins are worth at that moment, even far above the loan.

    There is no reminder on chain and no grace for a missed date. The only extension is a 24-hour window after a recorded NEAR Intents pause or lock in the last day of the term.

  2. 02Lenders can receive coins worth less than the loan

    Nothing reads a price. If the coins fall and the borrower walks away, the lender keeps coins that may be worth less than the USDC lent. No liquidation protects either side.

  3. 03Rights move with their NFTs

    The Title and the Ticket are NFTs. Whoever holds the Ticket can redeem; whoever holds the Title receives the repayment or the coins. A transfer cannot be undone, and a Ticket held inside NEAR Intents must come out to a wallet before it can redeem.

  4. 04Smart contract and dependency risk

    • The registry and pack contracts are unaudited. A bug could lock or lose funds.
    • Packs hold balances inside NEAR Intents (intents.near on mainnet). Its rules, pauses and upgrades apply to every pack.
    • Bridges that bring ZEC, BTC or SOL to NEAR carry their own risks and delays.

  5. 05This site can be wrong

    Pages read an indexer and reference prices that can lag or fail. The chain is the record. Check any pack yourself on Verify or with the commands in the Docs.

  6. 06No advice

    Mosaec publishes software. Nothing here is financial, legal or tax advice. Questions: support@mosaec.finance.