Terms & Conditions
1. Introduction Leo is a decentralized lending and borrowing platform built on the HyperEVM blockchain and potentially other future blockchain networks. By accessing or using Leo, you confirm that you have read, understood, and agree to these Terms of Use. Your continued use of the platform signifies acceptance of any changes to these terms. By using our Services, you agree to be bound by these Terms. If you don’t agree to be bound by these Terms, then you must not use the Services or access the Site. Notwithstanding the foregoing, the laws of some jurisdictions may limit or not permit certain provisions of this agreement, such as indemnification, the exclusion of certain warranties, or the limitation of liability. In such a case, such provisions will apply only to the maximum extent permitted by the laws of such jurisdictions. Additionally, you may have additional legal rights in your jurisdiction, and nothing in these terms will prejudice such rights that you may have as a consumer of the Services under applicable law.
2. About the Services (a) Our Services. The services offered by Leo facilitate interaction with third-party blockchains, protocols, networks, and ecosystems, including the protocol itself ("Third-Party Services"). This enables users to execute transactions on supported decentralized blockchains. (i) You may participate in the services by linking your supported digital wallet(s) via the functionality provided. Before making any transactions, you will be asked to connect and unlock your digital wallets using a supported extension. Once you submit a transaction, the extension completes it on your behalf. (ii) The Services Are Only an Interface with Third-Party Services, which are not controlled or owned by Leo. Leo is not a marketplace facilitator, broker, financial institution, or creditor, and is not a party to any transactions on the blockchain. (iii) You acknowledge that any staking, borrow-lending, or rewards made available through the services are not affiliated with Leo, nor controlled by it. The availability of these services does not constitute an endorsement or approval by Leo. By choosing to stake, deposit, or borrow your digital assets via these services, you agree to be subject to the Third-Party Services’ terms, risks, and protocols. (iv) Fees may apply, including fees charged by Leo or third-party services for borrowing, lending, or staking.
(b) Transactions Are Conducted on the Blockchain. You acknowledge that Leo only serves as an interface for blockchain interaction, without control over or influence on the blockchain, smart contracts, or networks associated with the services. We do not facilitate buying or selling on behalf of users and have no ability to reverse transactions. You assume full responsibility for any losses incurred through using the services.
(c) No Professional Advice. The information provided by Leo is for informational purposes only and should not be construed as professional advice. You should seek independent professional advice before making any financial, legal, or other decisions based on the information provided by the services.
(d) No Fiduciary Duties. These terms do not create any fiduciary duties on Leo. To the fullest extent allowed by law, you acknowledge and agree that Leo does not owe fiduciary duties or liabilities to you or any other party.
(e) Release. Leo is not a party to any transactions or interactions occurring on the protocol. Any disputes you have with users of the services should be addressed directly with those users. You release Leo from any claims or damages arising from such disputes.
(f) Regulatory and Compliance Suspensions or Terminations. Leo may suspend or terminate access to the services at any time, as required by applicable law or government authorities, or if Leo determines you are violating the terms. This suspension or termination will not be considered a breach of these terms by Leo.
3. User Eligibility In order to use the services provided by Leo, you must be of legal age and possess the mental capacity to enter into binding agreements. By accessing the services, you confirm that you have the legal authority to use the platform and that you are in compliance with all applicable laws and regulations in your jurisdiction. It is your responsibility to ensure that your participation in Leo is lawful in your country or region.
4. Decentralized Nature Leo operates as a decentralized protocol, which means it is governed by smart contracts on the blockchain, and there is no centralized authority overseeing its operations. The protocol functions autonomously and is intended to remain free from centralized control. The developers, contributors, and any other parties associated with the platform disclaim any liability for losses, damages, or other legal issues that arise from your use of the platform. You agree that any risks associated with decentralized systems are your responsibility.
5. User Responsibilities As a user of Leo, you are expected to conduct independent research regarding the platform’s risks, features, and functionality. You should thoroughly evaluate whether it meets your needs before engaging with it. Additionally, you must ensure that your participation in Leo is compliant with the laws of your jurisdiction, including any regulations that apply to cryptocurrencies, lending, and borrowing. You also bear full responsibility for securing your private keys, wallet credentials, and recovery phrases. Any loss of access to your wallet or keys could result in the permanent loss of your assets. You must take all necessary precautions to protect your wallet and personal information. Moreover, you acknowledge that using decentralized platforms like Leo involves risks such as software bugs, security vulnerabilities, and market volatility, which could affect your assets.
6. Risks and Disclaimers The platform is provided "as is," and Leo does not make any representations or warranties regarding the reliability, performance, or security of the platform. You acknowledge that the platform is subject to various risks, including but not limited to: Vulnerabilities in the smart contracts or blockchain infrastructure, Market volatility and liquidity issues, Security breaches, such as hacks or exploits, Technical failures in the platform or blockchain networks. By using Leo, you agree to assume all risks related to the platform and waive any claims against the platform’s developers, contributors, or other parties involved in its creation and operation.
7. Assumption of Risk You fully acknowledge that participating in decentralized finance (DeFi) protocols and blockchain-based transactions carries inherent risks. These risks include the possibility of bugs or exploits within smart contracts, delays in blockchain transactions, and volatility in digital asset values. You assume full responsibility for any financial losses or damages that result from your use of the platform. Leo and its contributors are not responsible for any adverse financial impacts, including loss of funds, failed transactions, or the devaluation of assets that may arise from the use of the services.
8. Experimental Technology and Associated Risks Leo is built on experimental blockchain technology, including smart contracts and decentralized finance (DeFi) protocols, which may not be fully tested or perfected. This technology is subject to rapid development, and its security, scalability, and performance may be uncertain. As such, you acknowledge and agree that: Vulnerabilities may exist in the underlying code, the blockchain network, or other technical components. Unpredictable outcomes may occur due to the experimental nature of decentralized finance, which could result in the loss of funds, failure of transactions, or other technical issues. Limited guarantees regarding the security or performance of the protocol, as it may experience bugs, unforeseen errors, or vulnerabilities that have not yet been identified or addressed. By engaging with Leo, you accept the inherent risks of using cutting-edge, unproven technology and agree to proceed with full awareness of these risks. You understand that any losses or damages arising from these risks are your sole responsibility.
9. No Guarantee of Service Quality or Accessibility Leo makes no guarantees regarding the quality, availability, or accessibility of the services provided by the platform. Due to the decentralized and experimental nature of the protocol, there may be interruptions, delays, or failures in service, and you acknowledge that such issues are beyond the control of Leo. The platform may experience downtime, reduced performance, or limited availability at any time. Use of Leo is at your own risk, and you agree that the contributors are not responsible for any adverse effects caused by service interruptions or performance issues.
10. Protocol Evolution Leo makes no guarantees regarding the quality, availability, or accessibility of the services provided by the platform. Due to the decentralized and experimental nature of the protocol, there may be interruptions, delays, or failures in service, and you acknowledge that such issues are beyond the control of Leo. The platform may experience downtime, reduced performance, or limited availability at any time. Use of Leo is at your own risk, and you agree that the contributors are not responsible for any adverse effects caused by service interruptions or performance issues.
11. Indemnification By using Leo, you agree to indemnify, defend, and hold harmless Leo and its contributors, including any developers, auditors, community members, and other parties associated with the protocol, from any claims, losses, liabilities, costs, or expenses (including reasonable legal fees) arising out of or in connection with your use of the platform, any breach of these Terms of Use, or any violation of applicable law. This indemnity extends to, but is not limited to: Any use of the platform in a manner that causes harm, financial loss, or legal action against any other user or party. Any misuse of the protocol that results in a violation of intellectual property rights or other legal claims. Any losses, claims, or legal proceedings related to your failure to comply with the local laws and regulations in your jurisdiction. Any hacking, fraud, or malicious activity initiated by you or by other parties interacting with your account. You further agree that you will cooperate with Leo and its contributors in the defense of any such claims or legal actions. This indemnification provision survives the termination or expiration of these Terms of Use. In no event shall Leo or its contributors be responsible for the payment of any legal fees or costs incurred by you in the defense of any claims, nor shall they be responsible for any costs associated with the settlement or resolution of any legal action. Your obligation to indemnify and hold harmless Leo is independent of any other rights or remedies available to Leo.
12. Intellectual Property Leo’s branding, trademarks, and other intellectual property are protected by applicable open-source licenses. You must comply with these licenses and refrain from unauthorized use of Leo-related content.
13. Accessibility and Termination Access to Leo may be restricted or suspended for a variety of reasons, including security concerns, system upgrades, or violations of the Terms of Service. If your account is found to be in violation of these Terms, access to the platform may be terminated. Any termination or suspension will not be considered a breach of the agreement by Leo, and you will remain responsible for any liabilities incurred prior to termination.
14. Jurisdictional Awareness Although Leo can be accessed globally, it is your responsibility to ensure that your use of the platform complies with local laws and regulations, particularly with respect to cryptocurrency and decentralized finance. Users must ensure that their use of the services is legal in their jurisdiction and that they are in compliance with relevant legal frameworks.
15. Third-Party Services and Links Leo may contain links or references to third-party websites, applications, or services that are not under the control of Leo or its contributors. These third-party services are not vetted, endorsed, or controlled by Leo. We make no representations or warranties regarding the content, products, services, or functionality of any third-party services. You agree that Leo and its contributors are not responsible for any issues or damages arising from your use of third-party websites, applications, or services, and you assume full responsibility for your interactions with them.
16. Governing Principles Leo operates based on smart contracts and community governance, where applicable. Any disputes or changes to the protocol should be resolved within the decentralized governance mechanisms, and there is no recourse outside of these mechanisms.
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