Legal · Disclosures
Disclosures.
1. Satire Notice
This entire site, including all references to Quacker®, $QUACK, QuackerDAO, Quacker Capital, S.A., Quacker Custody Services Ltd., KPMQ LLP, the QIP system, all attestation reports, all press releases, all team members, all advisor names, all pond facilities, all jurisdictions of registration, all financial figures, all custody figures, all governance outcomes, all whitepapers, all references to compliance with applicable financial regulation, and all auxiliary documentation is a work of satire intended to parody institutional Real-World Asset crypto marketing. No mallards have been tokenized. No mallards are held under custody. No tokens have been issued. No audits have been performed. There is no protocol. There is no DAO. There is no entity authorized to issue or to hold securities, commodities, or any financial instrument. Any resemblance to actual mallards, actual ponds, actual auditors, actual financial professionals, actual compliance frameworks, actual jurisdictions, or actual legal structures is coincidental. Nothing on this site is, or constitutes, an offer to sell or a solicitation to buy any security, commodity, or other financial instrument. Nothing on this site is, or constitutes, legal, tax, financial, or investment advice. Nothing on this site is, or constitutes, an attestation, certification, audit, or assurance of any nature whatsoever.
2. Legacy Domain Notice
Quacker® was formerly known as Duckquacker Networks (2019-2024). The legacy domain duckquacker.com is retained for backwards compatibility with existing liquidity provider integrations. References to “Quacker” and “Duckquacker” throughout the site refer to the same notional entity, restructured in January 2026 to align with the protocol’s institutional posture.
3. Forward-Looking Statements
References to anticipated capacity expansion, redemption windows, expected attestation cadence, projected emissions, retail access timing, and other forward-looking matters are illustrative and subject to change. Forward-looking statements are made as of the date of publication and Quacker assumes no obligation to update them.
4. Regulatory Status
Quacker is not registered as an investment adviser, broker-dealer, futures commission merchant, commodity trading advisor, or money services business with any U.S. federal or state regulatory authority. Quacker is not registered with the SEC, the CFTC, FINRA, the NFA, or any analogous foreign regulatory authority. References on this site to FINRA membership, SEC registration, MAS authorization, FCA authorization, or other regulatory affiliations are part of the satire described in Section 1 and do not represent actual regulatory status.
5. Custody Disclaimer
References to custody operations, facility utilization, mallard counts, hectarage, biosecurity protocols, ISO certifications, attestation cooperation, redemption fulfillment, and the Custody Subcommittee are part of the satire described in Section 1. There are no facilities. There are no mallards. There is no Custody Subcommittee.
6. Auditor Disclaimer
References to KPMQ LLP, including but not limited to references to its preparation of attestation reports, signature on attestation reports, opinions on the protocol’s compliance with custody covenants, and engagement letters, are part of the satire described in Section 1. KPMQ LLP does not exist. Any resemblance to KPMG LLP or to any other professional services firm is coincidental and unintended.
7. Token Disclaimer
References to $QUACK, including but not limited to references to its supply, allocation, vesting, emissions, redemption, secondary trading, governance utility, voting weight, and Cash Redemption Pool, are part of the satire described in Section 1. There is no token. There is no contract address. There is no liquidity. References to specific blockchains, layer-two networks, smart contract audits, audit firms, or audit reports are illustrative and do not refer to actual deployments or audits.
8. Privacy
This site does not collect personal data. There are no cookies, no analytics, no third-party scripts, no fingerprinting, no telemetry, and no logging beyond standard Kubernetes ingress access logs retained for 14 days.
9. Trademarks
“Quacker” and “QuackerDAO” are not registered trademarks. The ® symbol used in conjunction with these terms is part of the satire described in Section 1.
10. Contact
This is a personal project. There is no relationship manager. The phrase “contact your relationship manager,” used throughout the site, is part of the satire described in Section 1.
Notes
1. Mallards held under custody by Quacker Custody Services Ltd., a wholly-owned subsidiary of Quacker Capital, S.A. See also § 5 (Custody Disclaimer).
2. “Migration safe” is a marketing term and does not constitute a legal guarantee against seasonal range shift. See also § 1 (Satire Notice).
3. $QUACK is a tokenized claim and not a security under the Howey test, FDIC-insured, or available to U.S. Persons as defined in Regulation S. See also § 4 (Regulatory Status) and § 7 (Token Disclaimer).
4. Audited Assets Under Management, valued at the close of the most recent quarterly attestation period.
5. Quarterly attestation reports are prepared by KPMQ LLP in accordance with the Mallard Reserve Attestation Standard (MRAS-2024). See also § 6 (Auditor Disclaimer).
6. Pond facility counts include only audited custody facilities and exclude reserve, observation, and quarantine ponds.