This disclaimer relates to the use of the Liquid Loans Protocol Software.
Please read this disclaimer carefully before accessing, interacting with, or using the Liquid Loans Protocol Software.
The Liquid Loans Protocol Software consists of the Liquid Loans Protocol technology stack (in particular its smart contracts), as well as any other Liquid Loans technology (together the “Liquid Loans Protocol Software”).
The Liquid Loans Protocol Software enables its users (“User”) to create interest-free liquidity in USDL (a USD pegged stablecoin) by depositing PLS towards autonomous smart contracts.
The USDL is stabilized by a liquidation mechanism and a Stability Pool which both are fully decentralized and smart contract based as well.
For the use of the functions of the Liquid Loans Protocol Software, the involved smart contracts automatically and autonomously deduct technical fees which can be claimed by the LOAN holders (if any).
Any and all functionalities of the Liquid Loans Protocol Software are of purely technical nature and there is no claim towards any private individual or legal entity in this regard.
The Liquid Loans Protocol Software runs in a fully decentralized and autonomous manner on the PulseChain network. Liquid Loans (Australia) Pty Ltd. is not in any way responsible for the operation, running or functioning of the Liquid Loans Protocol Software and/or any of the interactions, collaborations or factual relationships between Users and the smart contracts of the Liquid Loans Protocol Software.
Liquid Loans (Australia) Pty Ltd. has neither access to nor any other possibility to control and/or influence the corresponding transactions, deposits and/or allocations made by the Users and the involved smart contracts using the Liquid Loans Protocol Software.
In particular, Liquid Loans (Australia) Pty Ltd. has not and will not enter into any legal or factual relationship with any User of the Liquid Loans Protocol Software.
Consequently, Liquid Loans (Australia) Pty Ltd. IS NOT LIABLE TO ANY USER FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE, IN CONNECTION WITH THE USE OR INABILITY TO USE THE LIQUID LOANS PROTOCOL SOFTWARE (INCLUDING BUT NOT LIMITED TO LOSS OF PLS, USDL OR LOAN, NON-ALLOCATION OF TECHNICAL FEES TO LOAN HOLDERS, LOSS OF DATA, BUSINESS INTERRUPTION, DATA BEING RENDERED INACCURATE OR OTHER LOSSES SUSTAINED BY A USER OR THIRD PARTIES RELATED TO THE LIQUID LOANS PROTOCOL SOFTWARE OR A FAILURE OF THE LIQUID LOANS PROTOCOL SOFTWARE TO OPERATE WITH ANYOTHER SOFTWARE).
The Liquid Loans Protocol Software has been developed and published under the GNU GPL v3 open-source license, which forms an integral part of this Disclaimer.
As the Liquid Loans Protocol Software is of experimental nature it may contain bugs, defects, or errors (including any bug, defect, or error relating to or resulting from the display, manipulation, processing, storage, transmission, or use of data) that may materially and adversely affect the use, functionality, or performance of the Liquid Loans Protocol Software or any product or system containing or used in conjunction with the Liquid Loans Protocol Software.
THE LIQUID LOANS PROTOCOL SOFTWARE HAS BEEN PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
THE LIQUID LOANS PROTOCOL SOFTWARE IS HIGHLY EXPERIMENTAL AND ANY REAL PLS AND/OR USDL AND/OR LOAN SENT, STAKED OR DEPOSITED TO THE LIQUID LOANS PROTOCOL SOFTWARE ARE AT RISK OF BEING LOST INDEFINITELY, WITHOUT ANY KIND OF CONSIDERATION.
There are no official frontend operators, and the use of any frontend is made by User at its own risk. To assess the trustworthiness of a frontend operator lies in the sole responsibility of the User and must be made carefully.
Further, as the Liquid Loans Protocol Software is built on the PulseChain network its proper functioning is dependent on the PulseChain network and any transaction including USDL or LOAN requires PLS as gas.
There are also general risks associated with purchasing, owning and using cryptographic Token (hereinafter “Token”) In order to access and make use of certain features of the Liquid Loans Protocol Software, a User may need Token (in particular, PLS, USDL and/or LOAN).
Token such as PLS, USDL and LOAN are highly volatile due to many factors including but not limited to adoption, speculation, technology, and security risks. The cost of transacting on the PulseChain network or related blockchain technologies is variable and may increase at any time causing impact to any activities taking place on the PulseChain network.
User is solely responsible for transacting and holding Token like PLS, USDL and/or LOAN while accessing and/or interacting with the Liquid Loans Protocol Software.
Neither USDL nor LOAN do represent or constitute any ownership rights or stake, shares or security or equivalent rights nor any rights to receive future revenues or shares or any other form of participation or governance rights in or relating to any private individual or legal entity.
In particular, both USDL and LOAN do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to any private individual or legal entity.
User is responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism used to receive and hold PLS, USDL and LOAN or any other Token, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If User’s private key(s) or other access credentials are lost, User may lose access to its Token.
The Liquid Loans Protocol Software could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit User’s ability to access or use the Liquid Loans Protocol Software.
User is solely responsible for complying with applicable law when interacting (in particular, when using PLS, USDL, LOAN or other Token) with the Liquid Loans Protocol Software whatsoever.
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