Legal
Affiliate Disclosure
Last updated: January 1, 2026
Short Version
Protocol Signal may earn commissions from referral links on this website. This does not affect the independence of our analysis or the opinions we publish. We disclose all material affiliate relationships and do not allow compensation to override our editorial judgement.
1. How We Earn Revenue
Protocol Signal is an independently operated informational platform. To sustain operations and continue producing free content, we participate in affiliate and referral programs offered by certain cryptocurrency protocols, decentralized exchanges, wallets, and related services reviewed or referenced on this Site.
When you click a referral link on this Site and subsequently register for or use a third-party platform, we may earn a commission or referral fee from that platform. This compensation comes from the platform operator and is at no additional cost to you. You pay no higher fees as a result of using our referral links.
2. How Affiliate Relationships May Affect Content
We are committed to transparency about the potential influence of affiliate relationships on our content. You should be aware that:
- Placement and Visibility: Protocols with which we have an active affiliate or referral relationship may receive greater prominence in comparison tables, featured sections, or editorial placements than protocols with which we have no such relationship. This is a standard practice in affiliate publishing and is disclosed here for full transparency.
- Protocol Selection: We may prioritize reviewing protocols from which we can earn referral income. This means that the set of protocols we cover is partially influenced by affiliate program availability.
- No Sponsored Content: We do not publish paid reviews or sponsored content disguised as independent analysis. All editorial content, ratings, risk assessments, and opinions on this Site are produced independently. We do not allow affiliated platforms to review, approve, or influence the content of our reviews prior to publication.
3. Our Editorial Independence Commitment
We maintain the following standards to protect the integrity of our analysis, regardless of affiliate relationships:
- Ratings and risk assessments are assigned based on independently researched criteria, not on the existence or absence of an affiliate relationship;
- We publish negative assessments, risk disclosures, and critical analysis of protocols even where an affiliate relationship exists;
- We do not guarantee favorable coverage to any platform as a condition of any commercial relationship;
- Our analysts are not permitted to hold material financial interests in protocols they are currently reviewing, beyond what would be considered normal user participation in a public DeFi protocol;
- We maintain a clear separation between editorial content and commercial considerations.
4. No Guarantee of Performance or Results
Referral links on this Site direct you to third-party platforms that we do not own, operate, or control. We make no representation, warranty, or guarantee regarding:
- The safety, security, or reliability of any third-party platform;
- The performance of any financial strategy, yield, or investment return on any platform;
- The continued operation or solvency of any third-party protocol;
- The accuracy of fee structures, ratings, or other data points we publish, which may change without notice.
Our ratings and analysis represent our independent assessment at the time of publication and should not be interpreted as a guarantee or prediction of future performance.
5. Independent Evaluation
We strongly encourage all users to conduct their own independent evaluation of any protocol before interacting with it. Our content is intended to help you understand the landscape and key trade-offs — not to substitute for your own judgment and due diligence.
Before using any protocol referenced on this Site, consider:
- Reviewing the protocol's official documentation, audits, and on-chain history;
- Assessing the smart contract risk and your personal risk tolerance;
- Consulting a qualified financial adviser if you are uncertain about whether a protocol is appropriate for your situation;
- Starting with amounts you can afford to lose entirely while you gain familiarity with the platform.
6. FTC and Regulatory Compliance
This disclosure is made in accordance with the United States Federal Trade Commission's (FTC) Endorsement Guides (16 CFR Part 255), which require that material connections between content publishers and the brands or services they promote be clearly disclosed. Similar requirements exist under EU and UK consumer protection regulations.
We believe in full transparency and will continue to update this disclosure as our affiliate relationships evolve.
7. Questions and Contact
If you have questions about our affiliate relationships, editorial policies, or wish to report a potential conflict of interest, please contact us at: