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For informational and illustrative purposes only.

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Past performance.

Past performance is not indicative of, and provides no guarantee of, future results. Historical returns shown for any fund, asset, index, or portfolio company reflect conditions that may not recur. Return figures may be unaudited, preliminary, or subject to revision.

Digital asset risk.

Digital assets, including cryptocurrencies, tokens, and other blockchain-based instruments, are highly volatile, speculative, and carry substantial risk of partial or total loss of capital. Digital asset markets operate outside the protections of many traditional financial regulatory regimes, are subject to sudden and extreme price movements, and may be affected by technological failure, regulatory action, fraud, market manipulation, and liquidity constraints. I am solely responsible for evaluating whether any digital asset exposure is appropriate for my circumstances, risk tolerance, and objectives.

Exchange and custody risk.

Assets held on third-party exchanges or custodians are subject to risks including platform insolvency, cybersecurity breaches, regulatory action, and operational failure. Varys Capital does not guarantee the safety or availability of assets held by any external party, and such assets may not be covered by investor protection schemes.

Yield product risk.

Yield-bearing strategies and products, including but not limited to lending protocols, structured products, and liquidity arrangements, carry risks of counterparty default, smart contract failure, and variable or negative net returns. Stated yields are not guaranteed and may change without notice.

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