Before we proceed, we want to remind you that using flowty involves risks (discussed in this post) and can have adverse outcomes for Borrowers, Lenders, Owners, Renters, and other platform participants. The following is not financial advice, and we ask and encourage you to consult a qualified financial advisor and tax expert to understand the full implications and consequences of using flowty.
Updated May 29, 2022
Important: while the following and any other communication from the flowty team is designed to assist our users, our Terms of Service and Privacy Policy govern the platform and supersede any communication (written or otherwise) outside of the documents themselves.
If you are new to flowty, please take a moment to review our step-by-step guide and overview of the platform — Flowty Loan Primer. It is important to us that all of our users are comfortable and familiar with flowty’s functionality before taking any actions on the platform.
Introduction
We hope to bring exciting functionality, flexibility, and tools to the Flow ecosystem and are confident that the platform will be a significant value-add to collectors, investors, and creators. We are also acutely aware that a platform like flowty introduces risks to our user base and want to be as transparent as possible about these risks and the steps we have taken to address them. The safety and security of your assets and capital is our priority.
Please read this post carefully and make sure you are comfortable with the various risks before engaging with the platform. While we have tried to capture as many scenarios and potential risks as possible, there are likely situations that we have not considered, so please do not assume that the below is comprehensive.
The charts below provide an overview of various risks involved when using the platform and how we strive to mitigate them. We strongly encourage all potential users to revisit the post as needed. We will be updating this post as we encounter new situations.
If you have any questions or concerns after reviewing our posts, please file a support ticket via Discord.
General Risks
Borrower Risks (Loan)
Lender Risks (Loan)
Owner Risks (Rental)
Renter Risks (Rental)
Conclusion
The flowty team will always do everything in our power to ensure a safe and comfortable user experience. We want our users to feel comfortable using the platform and to know what to expect and how to limit risk. Please reach out to the team at any time with any questions or concerns.
Where to Find Us
