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Financial terms on site

Please be aware that the site that you are entering contains terms “bonding”, “staking”, “profits”, “stable farm”, “treasury”, “tradable”, “dilutive”, “rewards”, “dividends”, “airdrop”, “discount”, “APR”, “investment”, “assets” and other similar terms are not meant to be interpreted literally. Rather, such terms are being used to draw rough, fuzzy-logic analogies between the heavily automated and mostly deterministic operations of a decentralized-finance smart contract system and the discretionary performance of traditional-finance transactions by people.

Concave consists of program material that encompasses game-theoretic modeled incentives and assumptions of nature, therefore shares no responsibility or liability for any exchange of currency in the event of “lending” and “borrowing” activity, as well as any transaction occurring between peer-to-peer payments.

Unlike traditional finance, Concave holds no legal agreements, promises of payment of courts of law, and therefore no debts, loans or other traditional finance transactions involved. 

The stated APR or APY for a given token, vault or strategy (the 'Rate') is denominated in terms of a specific relevant token, not in terms of U.S. Dollars or other fiat currencies. Each Rate is a forward-looking projection based on a good faith belief of how to reasonably project results over the relevant period, but such belief is subject to numerous assumptions, risks and uncertainties (including smart contract security risks and third-party actions) which could result in a materially different (lower or higher) token-denominated APR or APY. Rates are not offers, promises, agreements, guarantees or undertakings on the part of any person or group of persons, but depend primarily on the results of operation of smart contracts and other autonomous or semi-autonomous systems (including third-party systems) and how third parties interact with those systems after the time of your deposit. Even if a particular projected Rate is achieved, you may still suffer a financial loss in fiat-denominated terms if the fiat-denominated value of the relevant tokens (your deposit and any tokens allocated or distributed to you pursuant to the Rate) declines during the deposit period. APRs and APYs are not interest rates being paid on a debt.

Local regulatory restrictions

While this website can be accessed worldwide, not everyone should or is invited or asked to access this website. As such, the information provided and the products and/or services accessible through this website are respectively only intended for use by any person in any country where such access and/or use would not be contrary to local law or regulation. If you choose to access this website from any location then you do so on your own initiative and at your own risk. It is your sole responsibility to ascertain the terms of use and comply with any local law or regulation to which you are subjected to.

Use of the website

The access and use of any product, service or links on this website is expressly subject to the terms of this Disclaimer and the Terms of Use of Concave, which are to be read together. If you do not agree with any part of this Disclaimer and/or the Terms of Use, you must immediately discontinue your access and any use of this website. This Disclaimer and/or the Terms of Use may change from time to time without notice. By continuing to access and/or use any information/ products/services available on or through this website, you are agreeing to be bound by the current version of this Disclaimer.
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Concave, including its founders or working members, shall not in any event be liable for any damages or injury arising out of your access to, or inability to access, this site or from your reliance on any information provided here. Concave disclaims any and all liability for direct, indirect, incidental, consequential, punitive, and special or other damages, lost opportunities, lost profit or any other loss or damages of any kind. This limitation includes any damage or virus, which may affect your computer equipment.