Disclaimer

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Bit Protocol is a decentralised privacy focused Collateralized Debt Position (CDP) omnichain stablecoin protocol (the “Protocol”). The interface website accessible at: https://www.bitusd.finance/ is an interface operated by BitUSD Protocol (“Us”, “We”), which gives You the ability to interact with the Protocol (the “Interface”). The Bit Protocol is made up of free, public, open-source or source-available software including a set of smart contracts that are deployed on the Oasis Sapphire EVM and which may be deployed on other blockchains from time-to-time.

1. Acknowledgment

The information provided in this documentation is for informational and technical purposes only. BitUSD Protocol does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, investment product, or financial instrument. Nothing in this documentation should be construed as financial, legal, or investment advice.BitUSD Protocol does not guarantee compliance with any securities laws, regulations, or financial guidelines in any jurisdiction. Users are responsible for conducting their own due diligence and ensuring compliance with applicable laws before engaging with any blockchain-based applications or assets.Use of BitUSD Protocol is at your own risk. The protocol is provided "as is" without warranties of any kind, express or implied as described below. BitUSD Protocol and its contributors are not liable for any losses, damages, or regulatory issues arising from the use or reliance on this documentation or the protocol itself.

Your use of the BitUSD Protocol and Interface involves various risks, including, but not limited to, risks associated with and inherent to the fluctuating prices of tokens in a liquidity pool or depegging of assets or potential liquidation cascades and general liquidation, losses while digital assets are being supplied as collateral or to a stability pool within the Protocol, smart contract vulnerabilities, user errors when engaging with the interface, interface vulnerabilities, bugs and failures. Before engaging with the BitUSD Protocol and Interface, you should review the relevant documentation to make sure you understand how the BitUSD Protocol works, including its various intricacies, and understand and appreciate the risk of utilising a protocol like BitUSD Protocol. Additionally, just as you can access email protocols such as SMTP through multiple email clients, you may be able to access the BitUSD Protocol through dozens of web or mobile interfaces which may be provided by parties other than Us. You are responsible for doing your own due diligence on those interfaces to understand the fees and risks they present and understand that We have no ability to control interfaces created by parties other than Us. You agree to the assumption of all risks associated with your use of the BitUSD Protocol and interface.

2. NO WARRANTIES

AS DESCRIBED IN THE BITPROTOCOL TERMS AND CONDITIONS, THE BitUSD Protocol PROTOCOL IS PROVIDED "AS IS", AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND. We further make no representations or warranties about the suitability of any information published on this Website for any purpose, and we hereby disclaim any liability for any use of the information contained thereon the Interface by You for any purpose whatsoever.

3. Third Parties Services

The https://www.bitusd.finance/ website may contain hyperlinks to other websites. Such third party websites are managed by others which We do not have any control or influence over. We do not accept responsibility and do not endorse any use of such websites or information therein.

4. Modifications

Although the core developers of BitUSD Protocol developed much of the initial code for the Protocol, it does not provide, own, or control the Protocol, which is run by smart contracts deployed on the Oasis Sapphire EVM and is to be facilitated and maintained by the BitUSD Protocol DAO (the “Organisation”) on a continuing basis. Upgrades and modifications to the protocol are managed by the developers at first in Q1 2025 and in a community-driven way by holders of the BitUSD governance token starting in Q2 2025.

5. Limitation of Liability

You agree that no developer, entity or Organisation involved in creating, facilitating or managing the BitUSD Protocol will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the BitUSD Protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value and you waive any rights to all claims in any and all jurisdictions arising out of any interaction with BitUSD Protocol or the associated DAO, Organisation or d/b/a entity.

BitUSD PROTOCOL RESERVES THE RIGHT TO MODIFY THIS DISCLAIMER AND WILL NOTIFY YOU BY REUPLOADING A CURRENT VERSION OF THIS DISCLAIMER AT THE SAME LINK. ALL MODIFICATIONS WILL BE EFFECTIVE WHEN THEY ARE POSTED, AND YOUR CONTINUED USE OF THE BitUSD PROTOCOL INTERFACE WILL SERVE AS CONFIRMATION OF YOUR ACCEPTANCE OF THESE MODIFICATIONS. IF YOU DO NOT ACCEPT MODIFICATIONS TO THIS DISCLAIMER AS MAY BE MADE FROM TIME-TO-TIME, YOU MUST IMMEDIATELY CEASE USING THE INTERFACE.

YOU UNDERSTAND THE IMPLICATIONS AGREEING TO THIS DISCLAIMER MAY HAVE UPON YOUR PAST, PRESENT AND FUTURE LEGAL RIGHTS, ACTIONS AND CLAIMS (IF ANY) AND ACKNOWLEDGE AND ACCEPT THE DISCLAIMER NOTWITHSTANDING.