Terms of Use
Latest Update: July 5, 2024
Please read on to learn the rules and restrictions that govern your use of our products, services and applications, including, but not limited to, a web interface located at https://solv.finance/ (the “Interface”) provided by Solv Legos Ltd. (“Solv”, “we”, “our”, or “us”). The Interface provides access to a native yield platform powered by decentralized asset management infrastructure, dedicated to tokenizing and aggregating high-quality yields from across the industry.
These Terms of Use (the “Terms”) explain the terms and conditions governing your access and use the Interface service and any ancillary services (the “Services”) made available by us. The Services provided by us are experimental and using the Services poses significant risks to you and your Virtual Asset (cryptocurrency, digital currency, digital asset, crypto asset or other such similar term describing, for example, $SOLVBTC received from staking and $SOLV received from airdrops, collectively, the “Virtual Asset”). You must read these Terms carefully. By using the Interface, you signify that you have read, understand, and agree to be bound by these Terms in its entirety. If you do not understand and accept these Terms, you are not authorized to access or use the Interface. Your use of the Services in any way means that you agree to all of these Terms, and these Terms will remain in effect while you use the Interface.
Except for the express statements, agreements and rules set forth in these terms, you hereby acknowledge and agree that you have not relied upon any other statement or agreement, whether written or oral, with respect to your use and access to our Services.
THE TERMS CONTAIN AN ARBITRATION PROVISION. BY AGREEING TO THESE TERMS, YOU AGREE AND UNDERSTAND THAT DISPUTES ARISING UNDER THESE TERMS SHALL BE SETTLED IN BINDING ARBITRATION. YOU ALSO AGREE AND UNDERSTAND THAT ENTERING INTO THESE TERMS CONSTITUTES A WAIVER OF YOUR RIGHT TO A TRIAL BY JURY OR PARTICIPATION IN A CLASS ACTION LAWSUIT OR A JURY TRIAL.
1. Assumption of Risk
Blockchain and Network Risk. By accessing and using our Services, you represent that you understand the inherent risks associated with using cryptographic and blockchain-based systems (e.g. design or implementation flaws that affect the operation of the blockchain network, or cryptographic advances that may undermine the security framework of certain blockchain technologies), and that you have a working knowledge of Virtual Asset (e.g. the usage and intricacies of bitcoin (BTC)) and other token standards.
In order to be successfully completed, any transaction created with or sent to your Wallet using our Services must be confirmed and recorded on the blockchain network. You understand that we have no control over the blockchain network or any other Virtual Asset and therefore cannot and will not ensure that any transaction details you submit or receive via our Services will be confirmed on the blockchain network. We do not have the ability to facilitate any cancellation or modification requests.
You further understand that the functionality or security of the blockchain network is not guaranteed, which could, among other things, lead to loss of funds, hacks, delays, conflicts of interest, or operational decisions by third parties that are unfavorable to certain owners of Virtual Asset, or lead to your inability to complete a transaction using our Services.
The transaction details you submit via the Services may not be completed, or may be substantially delayed on the blockchain network, and we take no responsibility for the failure of a transaction to be confirmed or processed as expected. When you communicate with us via electronic communication, you should be aware that electronic communications can fail, can be delayed, may not be secure and/or may not reach the intended destination.
Protocol Risk. You acknowledge and accept that the protocols governing the operation of the blockchain network may be subject to sudden changes in operating rules which may materially alter the network, affect the value and function of a particular Virtual Asset or otherwise render you unable to conduct or complete transactions using our Services. You further acknowledge the risk that your Virtual Assets may lose some or all of their value while they are supplied to the Smart Contract. You further acknowledge that we are not responsible for any variables or risks under the Smart Contract, and cannot be held liable for any resulting losses that you experience while accessing or using the Interface. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using our Services and interacting with the Smart Contract.
Personal Risk. You take responsibility for all activities and transactions that occur in connection with your use of our Services and your Wallet and accept all risks and consequences of your use of our Services and any authorized or unauthorized access to your Wallet, to the maximum extent permitted by law.
Regulatory Environment Risk. The application of existing legal and regulatory requirements to Virtual Asset and our Services is developing and evolving. We do not guarantee that our Services will be available at any particular time or that our Services will not be subject to unplanned service outages or network congestion. We may rely on advice of counsel concerning the application of existing and new legal and regulatory requirements to its activities. This advice may require us to make sudden changes to our Services that may impact your ability to use our Services. It may not be possible for you to buy, sell, store, transfer, send or receive Virtual Asset when you wish to do so.
Cybersecurity Risk. You acknowledge and understand that we are not liable for any hacks or malicious attempts to obtain access to your Wallet, or any loss or destruction of security credentials or authentication methods for accessing your Wallet. You are responsible for keeping your password safe, and you may be responsible for all the transactions submitted with your password, whether you authorized them or not. Transactions in Virtual Asset may be irreversible, and losses due to fraudulent or unauthorized transactions may not be recoverable. You alone are responsible for protecting your security information.
Liquidity Risk. Virtual Asset may have limited liquidity which may make it difficult or impossible for you to sell or exit a position when you wish to do so. This may occur at any time, including at times of rapid price movements.
Transaction & Market Risk. By using our Services, you acknowledge and accept that there are substantial risks associated with Virtual Assets and transactions on the blockchain network. Virtual Asset trading is subject to high market risk and price volatility. Changes in value may be significant and may occur rapidly and without warning. Past performance is not a reliable indicator of future performance, the Annual Percentage Yield (APY) of each yield product is not guaranteed and can change at any moment. The value of an investment and any returns can go down as well as up, and you may not get back the amount you had invested. You further understand that the markets for these Virtual Assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems are variable and may increase dramatically at any time.
In addition to the above risks, you agree and understand that you:
(a) have the necessary technical expertise and ability to review and evaluate the security, integrity and operation of your Wallet;
(b) have the knowledge, experience, understanding, professional advice and/or information to make your own evaluation of the merits, risks and applicable compliance requirements under applicable laws of any use of your Wallet with our Services and are not relying on us;
(c) accept the risks associated with Virtual Asset and blockchain technology generally.
Custodian and Platform Risk. You acknowledge and accept that using our Services may involve the custody services provided by third-party custodians. Such custody services are third-party resources with several custodial risks, including but not limited to unavailable or degraded accessibility and functionality of custodians would impede the trading workflows & availability of the purchase/redeem functionality. You acknowledge the risk of other platforms (including but not limited to, centralized exchanges, decentralized exchanges (DEX) and other DeFi platforms) failure would impede the expedient transfer of any unrealized profit and loss, which may cause large balances to be owed to the investment. You acknowledge and accept that Solv assumes no responsibility for such third-party resources or the risks of such yield product, losses caused by third-party custodians and exchanges are at your own risk.
WE ARE NOT REGULATED BY ANY FEDERAL OR STATE REGULATORY AGENCY AND ARE NOT SUBJECT TO THE EXAMINATION OR REPORTING REQUIREMENTS OF ANY SUCH AGENCIES. WE ARE NOT REGISTERED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION AND DO NOT OFFER SECURITIES SERVICES IN THE UNITED STATES OR TO U.S. PERSONS. YOU ACKNOWLEDGE THAT VIRTUAL ASSETS, PORTFOLIO OF YIELD PRODUCTS AND SHARES OF VIRTUAL ASSET PRODUCTS PROVIDED BY SOLV OR DISPLAYED ON THE INTERFACE ARE NOT SECURITIES AND ARE NOT SUBJECT TO PROTECTIONS OR INSURANCE PROVIDED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR THE SECURITIES INVESTOR PROTECTION CORPORATION. IF YOU BELIEVE WE ARE OFFERING SERVICES RELATED TO SECURITY, PLEASE STOP USING THE SERVICES. YOU ACKNOWLEDGE THAT OUR SERVICES ARE SUBJECT TO FLAWS AND THAT YOU ARE SOLELY RESPONSIBLE FOR EVALUATING ANY RISK EXISTED IN THE SERVICES OR INTERFACE. THESE TERMS IN NO WAY EVIDENCE OR REPRESENT AN ON-GOING DUTY TO ALERT YOU TO ALL OF THE POTENTIAL RISKS OF USING THE SERVICES OR ACCESSING THE INTERFACE.
2. Modification of these Terms
We sometimes have to change our Terms and we reserve the right, in our sole discretion, to modify these Terms from time to time. If we make any modifications, we will notify you by updating the date of the modified Terms. All modifications will be effective when they are posted, and your continued use of the Services will serve as confirmation of your acceptance of those modifications. If you do not agree with any modifications to these Terms, you are free to reject them and that means you will no longer be able to use the Services.
We will tell you if the changes of Terms are substantial and require that you agree to new Terms before continuing to use our Services, we will bring it to your attention by requiring you to log in to our Services again and accept the new Terms, and/or by some other means.
The Services provided by us are currently free (for avoidance of any doubt, we may charge certain performance fee in respect of some of the yield products managed by us), but we reserve the right to charge for certain or all Services in the future. We will notify you before any Services you are then using begin carrying a fee, and if you wish to continue using such Services, you must pay all applicable fees for such Services.
Except for changes by us as described here, no other amendment or modification of these Terms will be effective unless in writing and signed by both you and us.
3. Eligibility
To use the Interface, you must be able to form a legally binding contract with us. Accordingly, you therefore represent and warrant that you are of legal age to form a binding contract (or if not, that you’ve received your parent’s or guardian’s permission to use the Services and gotten your parent or guardian to agree to these Terms on your behalf) and have the full right, power, and authority to enter into and comply with the terms and conditions of these Terms on behalf of yourself and any company or legal entity for which you may access or use the Interface.
You further represent that your action or purpose of using the Services shall not, directly or indirectly, violate laws of any country or region, have relations with any illegal institution or provide any support to any illegal institution. You will only use the Services for your own personal use, and not on behalf of or for the benefit of any third party. You further represent that your use of the Interface will fully comply with all applicable laws and regulations, and that you will not use the Interface to conduct, promote, or otherwise facilitate any illegal activity.
Without limiting the foregoing, by using the Services, you represent and warrant that: (a) you are not located in, ordinarily resident in, or organized under the laws of any jurisdiction that is subject to a comprehensive U.S. Government embargo (the “Embargoed Jurisdiction”); (b) you are not subject to any sanctions administered by an agency of the U.S. Government, any other government, or the United Nations (collectively, the “Sanctions”); (c) you are not owned or controlled, directly or indirectly, by any person that is subject to Sanctions, or that is located in, ordinarily resident in, or organized under the laws of, any Embargoed Jurisdiction; (d) none of your officers, managers, directors, shareholders or authorized representatives is subject to Sanctions, or is located in, ordinarily resident in, or organized under the laws of, any Embargoed Jurisdiction, or is owned or controlled, directly or indirectly, by any person that is subject to Sanctions or that is located in, ordinarily resident in, or organized under the laws of, any Embargoed Jurisdiction; (e) you have not transacted and will not transact with any person or entity falling into any of (a)-(d); (f) you have not transacted and will not transact for the benefit of any person or entity falling into any of (a)-(d). If permits and licenses are required for you to use the Services, it is your responsibility to first obtain those prior to such use. We can’t and won’t be responsible for your using the Services in a way that breaks the law or regulations.
Due to local laws and regulations, we do not provide any services to users from the following countries or regions, including but not limited to Afghanistan, Angola, Azerbaijan, Bosnia and Herzegovina, Belarus, Botswana, Burma (Myanmar), Burundi, Cambodia, Cameroon, Canada, Chad, China (Mainland), Congo, Congo (Democratic Republic), Côte d’Ivoire, Crimea region and any non-government controlled areas of Ukraine, Cuba, Eritrea, Ghana, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Madagascar, Mozambique, Netherlands, Nicaragua, North Korea, Pakistan, Russia, Singapore, Somalia, South Sudan, Sri Lanka, Sudan, Syrian Arab Republic, Tajikistan, Trinidad and Tobago, Turkmenistan, Uganda, United States, Uzbekistan, Vanuatu, Venezuela, Virgin Islands (U.S.), Yemen, Zimbabwe (collectively, the “Prohibited Countries”). We reserve the right to adjust the above list of countries or regions in accordance with changes in applicable laws and regulations or Services, and the content of the Terms shall not be excluded from the laws of the country or region under which the user belongs. As a result, if you do not meet these eligibility requirements, please do not use our Services.
If you travel to a location included on our list of Prohibited Countries, our Services may not be available and your use of our Services may be blocked. You acknowledge that this may impact your ability to manage your portfolio and/or monitor any existing orders or otherwise use our Services. You must not attempt in any way to circumvent, or attempt to circumvent, any such restriction, including but not limited to by use of VPN software or any other virtual private or anonymization network to modify your internet protocol address.
4. Using Our Services
The Services allow you to import a blockchain wallet capable of storing and transferring certain supported Virtual Asset (the “Wallet”). After connecting a Wallet, you can use various aspects of our Services to manage your portfolio of Virtual Assets and access and interact with certain supported decentralized protocols. In order to use our Services, you must already have a Wallet that is supported in our Services as indicated on the Interface.
In some instances, depending on what other services you have used to create a Wallet, you may receive a pin code, create a password, or establish another method of accessing your Wallet and/or the private key to your Wallet as a security or convenience measure. In those cases, your authentication method may function similarly to a private key in that it allows you and others in possession of such information to potentially transfer Virtual Assets from your Wallet. You must only operate such Wallet with the private key(s) that you created or has the direct, explicit permission of the party who created the relevant private key(s). You agree that all information it provides to interact with our Services or otherwise, including, but not limited to, through the use of any interactive features on the Interface is correct, current, and complete. You consent to all actions we take with respect to your information as is consistent with these Terms and all documents referenced or incorporated herein.
The Services include without limitation providing methods and information to access or participate in Solv’s decentralized, autonomous financial market mechanism powered by blockchain-enforced smart contracts (the “Protocol”). The Protocol is intended to be provided and operate in a decentralized manner, meaning that we have no ability to control, modify, prevent, stop, amend, or adjust interactions or transactions after they are submitted to the Protocol, whether or not through the Interface. You are expected to be familiar with the Protocol and the risks it represents (including without limitation the possibility of your Virtual Assets being forfeited according to the Protocol’s rules or being lost for any other reason) before accessing it (whether accessed via the Interface or otherwise). YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OR INTERACTION WITH THE PROTOCOL IS AT YOUR OWN RISK AND SOLV DISCLAIMS ALL LIABILITY OR RESPONSIBILITY, AND MAKES NO WARRANTIES, RELATED TO THE PROTOCOL, WHETHER OR NOT THE PROTOCOL IS ACCESSED VIA OUR SERVICES.
Regardless of your method of authentication or accessing your Wallet, we will never have access to Virtual Assets in your Wallet, we will not store your private key or similar methods of accessing your Wallet, and we will never request this information. We cannot initiate a transfer of Virtual Assets on your behalf.
Your full use and enjoyment of our Services may require you to pay third parties transactional fees required by their underlying blockchain or distributed ledger service, or by the Protocol itself (the “Blockchain Fees”). These Blockchain Fees are not levied directly by Solv, but rather are determined by your use of the Services and the rules placed by corresponding Protocol and underlying blockchain communities at large. You acknowledge that Solv has no control over Blockchain Fees, (including, without limitation, their applicability, payment, amounts, transmission, intended operation, and effectiveness) whether related to your use of the Services or otherwise. Please understand that Solv is not responsible for the payment, repayment, refund, disbursement, or any other aspect of your use or transmission of Blockchain Fees.
5. Verification Requirement
To support Anti-Money Laundering (AML) efforts and prevent the threat of money laundering and terrorism financing, we are committed to conduct business in accordance with high ethical standards and, to the greatest extent possible, preventing the establishment of any business relationship that is related to or could contribute to money laundering or terrorism financing. In this regard, to use the Services provided by us, you may be mandatorily required to undergo Know-Your-Customer (KYC) verification. Further, we may implement both On-chain AML and Off-chain AML procedures simultaneously to verify whether your on-chain addresses pose any money laundering risks or terrorism financing risks and identify if you are listed in any jurisdiction’s anti-money laundering databases. To satisfy the verification requirement, we or our third-party partner may record and/or collect your biometric information, documentation about your identity and the country or jurisdiction from or in which you are located, and we will ensure, to the best of our knowledge, skills, and abilities, that you, connected persons of you, natural persons appointed to act on behalf of you, and beneficial owners of you are assessed and screened with the assistance of third-party verification service provider due to local laws and regulations.
You represent and warrant that your funds to be used on the Interface or for our Services come from legitimate sources and do not originate from illegal activities; and you agree that we may require you to provide or otherwise collect necessary information and materials as per relevant laws or government orders to verify the legality of the sources and use of your funds. We may monitor business relations with you on an ongoing basis. We may monitor the operation of your using of our Services and review your transactions throughout the course of our business relationship to ensure that you are consistent with our knowledge of you, your business and risk profile, and the source of your funds. We do not open, maintain, or accept anonymous or pseudonymous transaction requests. We shall not enter into a business relationship with you when we have reasonable grounds to suspect that your assets or funds are the proceeds of any criminal behavior.
6. Proprietary Rights
We own all intellectual property and other rights in the Interface and its contents, including (but not limited to) software, text, images, logos, trademarks, service marks, trade dress, copyrights, patents, and designs. Unless expressly authorized by us, you may not copy, modify, adapt, rent, sell, license, publish, distribute, or otherwise permit any third party to access or use the Interface or any of its contents. Provided that you are eligible, you are hereby granted a single, personal, limited license to access and use the Interface. This license is non-monopolistic, non-exclusive, non-transferable, and freely revocable by us at any time without notice or cause. Use of the Interface or its contents for any purpose not expressly permitted by these Terms is strictly prohibited.
All other third-party trademarks, registered trademarks, and product names mentioned on the Services are the property of their respective owners and may not be copied, imitated or used, in whole or in part, without the permission of the applicable intellectual property rights holder. Reference to any products, services, processes or other information by name, trademark, manufacturer, supplier or otherwise does not constitute or imply endorsement, sponsorship, or recommendation by us.
You grant us a worldwide, non-exclusive, sublicensable, royalty-free license to use, copy, modify, and display any content, including but not limited to text, materials, images, files, communications, comments, feedback, suggestions, ideas, concepts, questions, data, or otherwise, that you submit or post on or through the Services for our current and future business purposes, including to provide, promote, and improve the Services.
7. Privacy and Personal Information
We protect your privacy to the best of our ability while abiding by local laws. We carefully consider each request to ensure that it complies with the letter and spirit of the law and the culture of each region. We do not hesitate to challenge invalid, overboard or illegal requests, ban their access and report their illegal acts. We safeguard the integrity and security of your personally identifiable information (“PII”) and aggregate data with reasonable measures. However, we cannot guarantee that third parties will not obtain or use your PII for improper purposes. You acknowledge that you provide your PII and aggregate data at your own risk. By accessing or using our Services, you understand and consent to our collection, use, and disclosure of your PII and aggregate data. To view our current Privacy Policy and privacy practices, please click here.
8. Prohibited Activity
You agree not to engage in, or attempt to engage in, any of the following categories of prohibited activity in relation to your access and use of the Interface: To access or use our Services, the Interface or other content from us, you need to agree not to engage in, or attempt to engage in any of the following categories of prohibited activity that:
a. Infringes on or violates any copyright, trademark, service mark, patent, right of publicity, right to privacy, or other proprietary or intellectual property rights under the law (including ours);
b. Exploits, harms, or attempts to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information, or otherwise;
c. Seeks to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including (but not limited to) the deployment of viruses and denial-of-service attacks;
d. Causes the Services, any of the Services’ underlying blockchain networks or technologies, or any other functionality with which the Services interact to work other than as intended;
e. Uses any robot, spider, or other similar automatic device, process, or means to access the website for any purpose, including monitoring or copying any of the material on the Interface, or uses any manual process to copy any of the material on the Interface, or for any other purpose not expressly authorized in these Terms, without our prior written consent;
f. Reverses engineer, duplicates, decompiles, disassembles, or decodes any aspect of the Services, or do anything that might discover source code or bypass or circumvent measures employed to prevent or limit access to any service, area, or code of the Services;
g. Jeopardizes the security of your Wallet or anyone else’s;
h. Uses the Services to manipulate or defraud any DEX, oracle system, the Protocol, or blockchain network, or the users thereof;
i. Transmits, or procures the sending of, any advertising or promotional material, including (but not limited to) any “junk mail”, “chain letter”, “spam” or any other similar solicitation；
j. Promotes any illegal activity, or advocates, promotes, or assists any unlawful act. Causes needless annoyance, inconvenience, or anxiety, or be likely to unreasonably upset, embarrass, alarm, or annoy any other person;
k. Impersonates any team member of Solv, another user, or any other person, or misrepresents the affiliation with any person or organization in connection with its use of the Interface and Services;
l. Seeks to defraud us or any other person or entity, including (but not limited to) providing false, inaccurate, or misleading information in order to unlawfully obtain the property of another;
m. Violates any applicable law, rule, or regulation concerning the integrity of trading markets, including (but not limited to) the manipulative tactics commonly known as spoofing and wash trading;
n. Circumvents any restriction or block of your use of our Services, including but not limited to by use of VPN software or any other virtual private or anonymization network to modify your internet protocol address, if you travel to or located in one of the Prohibited Countries where our Service is unavailable.
o. Uses the Services, directly or indirectly, for or in connection with money laundering, terrorist financing, or other illicit financial activity, or in any way in connection with the violation of any law or regulation that applies to you or to Solv;
p. Uses the Services, directly or indirectly, for, on behalf of, for the benefit of, or in connection with (a) any natural or legal person that is the subject of Sanctions; (b) any natural or legal person located in, ordinarily resident in, or organized under the laws of, any Embargoed Jurisdiction; or (c) any legal person owned or controlled, directly or indirectly, by any natural or legal person located in, ordinarily resident in, or organized under the laws of, any Embargoed Jurisdiction;
q. Encourages or induces any third party to engage in any of the activities prohibited under these Terms;
r. In any way violates any applicable federal, state, local, or international law or regulation (including (but not limited to) any laws regarding the export of data or software to and from the US or other countries); and
s. Damages the reputation of Solv or impairs any of Solv’s legal rights or interests.
9. No Professional Advice
All information and capital flows are operated completely in accordance with the Smart Contract. Public information provided by our Services is for reference purposes only and shall not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained in the Interface. Before you make any investment, financial, legal, tax, accounting, or other decisions involving the Interface, you should seek professional advice from a licensed and qualified individual in the area. You clearly understand that we do not guarantee that you will receive the proceeds you expect from investing through our Services.
10. No Monitoring and No Fiduciary Duties
Solv is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any trades or other decisions or activities undertaken by you using our Services. We do not monitor whether your use of our Services is consistent with your financial goals and objectives. It is up to you to assess whether your financial resources are adequate for your financial activity with us, and to your risk appetite in the Services you use. Virtual Asset markets are open 24 hours a day, 7 days a week. Rapid price changes may occur at any time, including outside of normal business hours.
The Terms do not create or impose any fiduciary or endorsement duties on us. We never take direct possession, custody or ownership of any Virtual Asset or other property transmitted via the Interface. To the fullest extent permitted by law, you acknowledge and agree that neither your use of the Interface nor the Services causes us to owe fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated, and that we and any other Participant shall be held completely harmless in relation thereof. You further agree that the only duties and obligations that we owe you are those set out expressly in these Terms.
11. No Warranties
Our Services are provided on an “AS IS” and “AS AVAILABLE” basis. To the fullest extent permitted by law, we disclaim any representations and warranties of any kind, whether express or implied, including (but not limited to) the warranties of merchantability and fitness for a particular environment and browser, title or non-infringement or otherwise. You acknowledge and agree that your use of our Services is at your own risk. We do not represent or warrant that access to the Interface will be continuous, uninterrupted, timely, or secure; that the information contained in the Interface will be accurate, reliable, complete, or current; or that the displayed content, data, or interface will be free from errors, defects, viruses or other harmful components. No advice, information, or statement that we make should be treated as creating any warranty concerning the Interface. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning our Services.
You understand that we cannot and do not guarantee or warrant that files available for download from the internet or through the Services will be free of viruses or other destructive code. You are responsible for implementing sufficient procedures and checkpoints to satisfy the particular requirements for:
a. anti-virus protection and accuracy of data input and output;
b. its participation in and use of DeFi products, the protocol, and any of the Services’ underlying blockchain and related technologies; and
c. maintaining a means external to our site to reconstruct of any lost data.
12. Third-Party Resources and Services
The Services may enable you to access or view links to other sites, applications, or resources, and may enable you to access, download or otherwise interact with content, services, applications and/or resources provided by third parties that are not owned or controlled by Solv (collectively, the “Third-Party Services”), and certain functionality of the Service may require you to register for or otherwise use Third-Party Services. We provide references or links to the Third-Party Services only as a convenience and do not review, approve, monitor, endorse, warrant, or make any representations with respect to the Third-Party Services. You understand that you use all links in the Third-Party Services at your own risk, and agree that Solv shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any Third-Party Service, including without limitation your use of or reliance on any content, goods, or services available on or through any third-party resources.
In particular, you acknowledge and accept that using our Services may involve the custody services provided by third-party custodians. Such custody services are third-party resources with several custodial risks, including but not limited to unavailable or degraded accessibility and functionality of custodians would impede the trading workflows & availability of the purchase/redeem functionality. You acknowledge the risk of other platforms (including but not limited to, centralized exchanges, decentralized exchanges (DEX) and other DeFi platforms) failure would impede the expedient transfer of any unrealized profit and loss, which may cause large balances to be owed to the investment. You acknowledge and accept that Solv assumes no responsibility for such third-party resources or the risks of such yield product, losses caused by third-party custodians and exchanges are at your own risk.
In addition, third parties may offer promotions related to us. We assume no responsibility for any such promotions. If you participate in any such promotions, you do so at your own risk, and you understand that these Terms do not apply to your dealings or relationships with any third-parties. You expressly relieve us of any and all liability arising from your use of any such third-party resources or participation in any such promotions.
YOUR ACCESS TO AND/OR USE OF ANY THIRD-PARTY SERVICE, INCLUDING BUT NOT LIMITED TO ANY INTERACTION OR TRANSACTION BY YOU WITH, ON OR THROUGH ANY THIRD-PARTY SERVICE, IS SUBJECT TO THE APPLICABLE THIRD-PARTY SERVICE’S TERMS AND CONDITIONS AND/OR ANY OTHER TERMS MADE AVAILABLE ON OR AGREED TO BY YOU IN CONNECTION WITH SUCH THIRD-PARTY SERVICE, AND ANY TRANSACTION AND/OR INTERACTION BY YOU WITH, ON OR THROUGH A THIRD-PARTY SERVICE IS SOLELY BETWEEN YOU AND THE APPLICABLE THIRD PARTY. IF YOU ACCESS OR USE A THIRD-PARTY SERVICE, YOU DO SO AT YOUR OWN RISK, AND YOU UNDERSTAND THAT THESE TERMS DO NOT APPLY TO YOUR USE OF SUCH THIRD-PARTY SERVICE. YOU EXPRESSLY RELIEVE US FROM ANY AND ALL LIABILITY ARISING FROM YOUR USE OF OR RELIANCE ON ANY THIRD-PARTY SERVICE.
13. Release of Claims
You expressly agree that you assume all risks in connection with your access and use of our Services and your interaction with the Smart Contract. You further expressly waive and release us from any and all liability, claims, or causes of action arising from or in any way relating to your use of our Services and your interaction with the Smart Contract.
14. Limitation of Liability
We shall not be liable for any action taken or omitted by it pursuant to, or in connection with, these Terms except to the extent that a court of competent jurisdiction determines that our gross negligence or willful misconduct was the direct cause of any loss to you, and subject to the limitations set forth below.
Despite anything else stated in these Terms, we shall be under no obligation to inquire into and shall not be liable for any damages, other liabilities or harm to any person or entity relating to:
a. the ownership, validity or genuineness of any Virtual Asset;
b. the collectability, insurability, effectiveness, marketability or suitability of any Virtual Asset;
c. transactions you conduct or attempt to conduct using our Services; or
d. losses, delays, failures, errors, interruptions or loss of data occurring directly or indirectly by reason of circumstances beyond our control, including without limitation: the failure of the blockchain network or a particular protocol; acts of God; action or inaction of civil or military authority; public enemy; war; terrorism; riot; fire; flood; sabotage; epidemics or pandemics; labor disputes; civil commotion; interruption, loss or malfunction of utilities, transportation, computer or communications capabilities; insurrection; elements of nature; or non-performance by a third party.
TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL SOLV, ITS AFFILIATES, OR THEIR LICENSORS, SERVICE PROVIDERS, CONTRIBUTORS, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH YOUR USE, OR INABILITY TO USE, THE INTERFACE, THE SERVICES, ANY WEBSITES LINKED THROUGH OUR SERVICES, ANY CONTENT ON THE INTERFACE OR SUCH OTHER INTERFACES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. THIS DISCLAIMER OF LIABILITY EXTENDS TO ANY AND ALL DAMAGES CAUSED BY ANY THIRD PARTY (INCLUDING, WITHOUT LIMITATION, THOSE CAUSED BY FRAUD, DECEIT, OR MANIPULATION), WHETHER OR NOT A PARTICIPANT, OR ANY FAILURE, EXPLOIT, OR VULNERABILITY OF THE INTERFACE, THE SERVICES, OR THE UNDERLYING BLOCKCHAINS OR RELATED BLOCKCHAIN FUNCTIONALITIES. TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL THE COLLECTIVE LIABILITY OF SOLV AND ITS SUBSIDIARIES AND AFFILIATES, AND THEIR LICENSORS, SERVICE PROVIDERS, CONTRIBUTORS, AGENTS, OFFICERS, AND DIRECTORS, TO ANY PARTY (REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE) EXCEED THE GREATER OF US$100 OR THE AMOUNT YOU HAVE PAID DIRECTLY TO SOLV FOR THE APPLICABLE CONTENT OR SERVICES IN THE LAST SIX MONTHS OUT OF WHICH LIABILITY AROSE.
THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
15. Indemnity
You agree to indemnify, defend, and hold harmless Solv (including but not limited to our team members, managers, directors, contractors, agents, affiliates, and subsidiaries) from and against all claims, damages, costs (including, without limitation, court costs, costs of settlement, and costs of pursuing indemnification and insurance), obligations, and expenses (including, without limitation, attorneys’ fees and expenses) arising from:
a. your access and use of the Interface;
b. your negligence or wilful misconduct;
c. your violation of any term or condition of these Terms, the right of any third party, or any other applicable law, rule, or regulation; and
d. any other party’s access and use of the Interface with your assistance or using any device or account that you own or control.
You further agree that Solv shall have control of the defense or settlement of any claims.
16. Termination
You’re free to terminate your use of our Services at any time; please refer to our Privacy Policy to understand how we treat information you provide to us after you have stopped using our Services.
We are also free to terminate (or suspend access to) your use of the Services for any reason in our discretion, including your breach of these Terms. We have the sole right to decide whether you are in violation of any of the restrictions set forth in these Terms. If we suspend your use of the Services, you may continue to access your Wallet directly or through other services not hosted by us.
Provisions that, by their nature, should survive termination of these Terms shall survive termination. By way of example, all of the following will survive termination: any obligation you have to pay us (if applicable) or indemnify us, any limitations on our liability, any terms regarding ownership or intellectual property rights, and terms regarding disputes between us.
17. Assignment
You may not assign, delegate or transfer these Terms or your rights or obligations hereunder, in any way (by operation of law or otherwise) without our prior written consent. We may transfer, assign, or delegate these Terms and our rights and obligations without consent.
18. Dispute Resolution
We will use our best efforts to resolve any potential disputes through informal, good faith negotiations. If a potential dispute arises, please contact us by sending an email to [email protected] so that we can attempt to resolve it without resorting to formal dispute resolution.
These Terms are governed by and will be construed under the laws of Singapore, without regard to the conflicts of laws provisions thereof. Any dispute arising from or relating to the subject matter of these Terms shall be finally settled in Singapore, in English, in accordance with the Streamlined Arbitration Rules and Procedures of Singapore International Arbitration Centre (“SIAC”) then in effect, by one commercial arbitrator with substantial experience in resolving intellectual property and commercial contract disputes, who shall be selected from the appropriate list of SIAC arbitrators in accordance with such Rules. Judgment upon the award rendered by such arbitrator may be entered in any court of competent jurisdiction. Any arbitration under these Terms will take place on an individual basis: class arbitrations and class actions are not permitted. YOU UNDERSTAND AND AGREE THAT BY ENTERING INTO THESE TERMS, YOU AND SOLV ARE EACH WAIVING THE RIGHT TO PARTICIPATE IN A CLASS ACTION. YOU AND SOLV HEREBY WAIVE ANY CONSTITUTIONAL AND STATUTORY RIGHTS TO SUE IN COURT AND HAVE A TRIAL IN FRONT OF A JUDGE OR A JURY.
19. Miscellaneous
You will be responsible for paying, withholding, filing, and reporting all taxes, duties, and other governmental assessments associated with your activity in connection with the Services, provided that we may, in our sole discretion, do any of the foregoing on your behalf or for itself as it sees fit. The failure of either you or us to exercise, in any way, any right herein shall not be deemed a waiver of any further rights hereunder. If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated, to the minimum extent necessary, so that these Terms shall otherwise remain in full force and effect and enforceable. You acknowledge and agree that these Terms are the complete and exclusive statement of the mutual understanding between you and Solv, and that it supersedes and cancels all previous written and oral agreements, communications and other understandings relating to the subject matter of these Terms. You hereby acknowledge and agree that you are not an employee, agent, partner, or joint venture of Solv, and you do not have any authority of any kind to bind Solv in any respect whatsoever. No waiver by Solv of any term or condition set out in these Terms shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Solv to assert a right or provision under these Terms shall not constitute a waiver of such right or provision.
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