Risk
Disclosure

AjoHive does not offer or promise any yield, interest, or investment return. What you contribute to a Circle or Plan is what you get back. AjoHive does not guarantee the return of your principal in every scenario (see Smart Contract Risk and Stablecoin Depeg Risk below), but it never represents your savings as an investment that is expected to grow.

Completion rewards are a fixed, disclosed incentive for finishing your Circle's rotation or your Plan's savings goal — capped at 15% and made up of the period, amount, participant, and discretionary components described in the Terms of Service. They are not guaranteed if a plan's completion conditions are not met, and they are never a rate of return on capital.

Your funds are held via Solidity smart contracts on Base L2. Despite independent security audits, all smart contracts may contain undiscovered vulnerabilities. A bug or exploit could result in partial or total loss of funds.

Smart contracts are immutable once deployed. If a critical bug is discovered, we may not be able to recover funds or modify the contract behaviour.

Ajo Circles are run by a Smart Contract Organizer by default, or optionally by an Agent Organizer. While no organizer can access participant principal directly, an Agent Organizer can affect scheduling, reminders, and edge-case handling within the rules of the circle.

Circles have no collateral requirement. Risk is managed instead through an on-chain reputation system, grace periods for missed contributions, and an optional insurance layer. A member who defaults loses future claim rights in that circle and takes a reputation hit, but reputation and grace periods reduce risk — they do not eliminate the possibility that a circle underperforms if enough members default.

The completion reward is capped at 15% and is not guaranteed. Each component — the period threshold, the amount threshold, the participant threshold for public plans, and the discretionary bonus — is earned only if its specific condition is met, as disclosed for that plan. Failing to meet a plan's conditions forfeits the corresponding portion of the reward; it never reduces your principal.

You deposit NGN and withdraw NGN. Your savings are held in USD-denominated stablecoins (USDC). If the Nigerian Naira strengthens significantly against the US Dollar between your deposit and withdrawal dates, your NGN payout may be less than your original NGN deposit.

Conversely, a weaker naira increases your NGN payout. Currency movements are outside AjoHive's control.

AjoHive holds user funds in USDC (Circle). While USDC is a regulated, USD-backed stablecoin with strong reserve transparency, stablecoins have historically depegged under extreme market stress. A significant depeg could reduce the USD value of your holdings.

The regulatory landscape for cryptocurrency in Nigeria and across Africa is evolving rapidly. Adverse regulatory changes — including restrictions on stablecoins or crypto-to-fiat conversion — could require AjoHive to modify, restrict, or cease operations with limited notice.

AjoHive depends on third-party service providers including Paystack (payments), Privy (wallets), Smile ID (KYC), and Vercel (infrastructure). Failure or outage of any of these providers could disrupt deposits, withdrawals, or access to your funds.

AjoHive is not a bank. Your funds are not covered by the Nigeria Deposit Insurance Corporation (NDIC) or any other deposit protection scheme. In the event of platform failure, there is no government guarantee of your funds.