Terms of Service

Welcome to BONDL.co, a website-hosted user interface (the “Site”) provided by BONDL VAULT Inc., a Panama corporation (“we,” “our,” or “us”). The Site provides users with access to certain smart contract–based vaults and related strategies that enable users to deposit Digital Assets and obtain exposure to Vaults, which may be Permissionless Vaults or Restricted Vaults, as described on the Site.

The Site facilitates user interaction with the Vaults, including initiating deposits, withdrawals, and other transactions, but is distinct from the underlying smart contracts and blockchain networks on which the Vaults operate. We do not own or control the underlying blockchain networks. While we or our Affiliates may develop, deploy, maintain, or update certain smart contracts or Vault strategies, such Vaults may operate autonomously or may be subject to ongoing parameter adjustments, rebalancing, or other strategy-related actions, in each case as described on the Site or in related documentation. The Site is one, but not the exclusive, means of accessing the Vaults. Users may be able to interact with the underlying smart contracts directly or through other interfaces.

This Terms of Service Agreement (this “Agreement”) explains the terms and conditions by which you may access and use the Site. You must read this Agreement carefully. By accessing or using the Site, you acknowledge that you have read, understand, and agree to be bound by this Agreement in its entirety. You also represent that you have the legal authority to accept this Agreement on behalf of yourself and any party you represent in connection with your use of the Services and/or Site. If you do not agree, you are not authorized to access or use the Site and must not use the Site.

Information in relation to the way we handle personal information is included in our Privacy Statement, available at bondl.co/privacy (our “Privacy Policy”).

This Agreement may be amended, changed, or updated by us at any time and without prior notice to you. You should check back often on the Site to confirm that your copy and understanding of this Agreement is current and correct. Your non-termination or continued access or use of the Site or any Services after the effective date of any amendments, changes, or updates constitutes your acceptance of the Agreement, as modified by such amendments, changes, or updates.

The access or use of the Site and any of the Services is void where such access or use is prohibited by, would constitute a violation of, or would be subject to penalties under applicable Laws, and shall not be the basis for the assertion or recognition of any interest, right, remedy, power, or privilege.

1. Definitions

In these Agreement and all documents incorporated herein by reference, the following words have the following meanings unless otherwise indicated:

“Access Controls” means any technical, operational, or compliance-based restrictions on access to a Vault or the Services, including, without limitation, smart contract-level restrictions, wallet whitelisting, geofencing, KYC or onboarding requirements, or other measures.

“Account” means a user’s account on the Site and other records, all as utilized by us from time-to-time to record a user’s balances in the applicable Vaults, assist users in accessing the Vaults, and other usage of the Services.

“Affiliate” means, in relation to us, a direct or indirect subsidiary or parent, and any other entities that we may control, be controlled by, or be under common control with.

“AML” means anti-money laundering, including all applicable Laws prohibiting money laundering or any acts or attempted acts to conceal or disguise the identity or origin of; change the form of; or move, transfer, or transport, illicit proceeds, property, funds, fiat currency, or Digital Assets.

“Anti-Corruption” means all applicable Laws prohibiting corruption or bribery of government officials of any kind, including kickbacks, inducements, and any other forms of corruption or bribery.

“Authorized Trader” means any natural person authorized by an Institutional User to access or use the Services on its behalf.

“CFT” means countering the financing of terrorism.

“Digital Asset” means a digital representation of value that functions as (i) a medium of exchange; (ii) a unit of account; (iii) a store of value; and/or (iv) other similar digital representations of rights or assets.

“Digital Asset Wallet” means a third party software application (or other mechanism) that provides a means for holding, storing, and transferring Digital Assets. We do not provide users with Digital Asset Wallets and users must obtain a Digital Asset Wallet from a third party provider when accessing the Vaults through the Site.

“Government” means any national, federal, state, municipal, local, or foreign branch of government, including any department, agency, subdivision, bureau, commission, court, tribunal, arbitral body, or other governmental, government appointed, or quasi-governmental authority or component exercising executive, legislative, juridical, regulatory, or administrative powers, authority, or functions of or pertaining to a government instrumentality, including any parasternal company, or state-owned (majority or greater) or controlled business enterprise.

“Government Official” means an officer or employee of any Government, a director, officer, or employee of any instrumentality of any Government, a candidate for public office, a political party or political party official, an officer or employee of a public international organization, and any Person who is acting in an official capacity for any of the foregoing, even if such Person is acting in that capacity temporarily and without compensation.

“Institutional User” means any user that is an entity (including any fund or other investment vehicle).

“Laws” means all laws, statutes, orders, regulations, rules, treaties, and/or official obligations or requirements enacted, promulgated, issued, ratified, enforced, or administered by any Government that apply to you, to us, or to the Site.

“Liquidity Pool” means any smart contract–based arrangement, protocol, or mechanism in which Digital Assets are pooled, supplied, staked, lent, or otherwise made available by users or market participants to facilitate trading, lending, borrowing, market making, or other related activities, including decentralized exchanges, lending protocols, and similar strategies.

“Liquidity Provider (LP)” means a user who deposits Digital Assets into a Liquidity Pool through the Vaults.

“Permissionless Vault” means a Vault that is made available without individualized onboarding, verification, or access controls, and that may be accessed directly through the Site, subject to applicable technical and network constraints.

“Person” includes an individual, association, partnership, corporation, company, other body corporate, trust, estate, and any form of organization, group, or entity (whether or not having separate legal personality), including any decentralized autonomous organization.

“Prohibited Jurisdiction” means any of: China (including the Chinese mainland, Hong Kong, and the Macao Special Administrative Region), Cuba, Democratic People’s Republic of Korea (North Korea), Iran, Russia, and Syria.

“Prohibited Person” means the Government of Venezuela; any citizen or resident of, entity organized within, or Government or Government Official of, any Prohibited Jurisdiction; and any Sanctioned Person.

“Restricted Vault” means a Vault that is subject to access restrictions on the Site, which may include, without limitation, identity verification, wallet screening, jurisdictional limitations, accreditation or qualification requirements, or other onboarding or compliance procedures as determined by us or our Affiliates.

“Sanctions List” means the “Specially Designated Nationals and Blocked Persons” (“SDN”) List and the Non-SDN Lists, including the “Sectoral Sanctions Identifications List,” published by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”); the Section 311 Special Measures for Jurisdictions, Financial Institutions, or International Transactions of Primary Money Laundering Concern published by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”); and, any other foreign terrorist organization or other sanctioned, restricted, or debarred party list published under Economic Sanctions, AML, or CFT Laws of or by Governments of the United States, European Union, United Kingdom, or the United Nations.

“Sanctioned Person” refers to any Person that is: (i) specifically listed in any Sanctions List; (ii) directly or indirectly owned 50 percent or more by any Person or group of Persons in the aggregate listed in any Sanctions List, (iii) Government or Government Official of any Prohibited Jurisdiction; or (iv) that is otherwise sanctioned, restricted, or penalized under applicable economic sanctions, AML, or CFT Laws.

“Services” means any and all services provided on or through the Site, including, but not limited to, assistance in accessing and using the Vaults.

“Vault” means any smart contract–based strategy, pool, or mechanism made available through the Site that enables users to deposit Digital Assets and obtain exposure to one or more strategies, Liquidity Pools, protocols, or other arrangements, which may be automated, algorithmic, or involve discretionary or programmatic adjustments, in each case as described on the Site.

2. Right to Use the Site

If you (i) are not a Prohibited Person, (ii) do not operate your Account for the benefit of a Prohibited Person and (iii) otherwise fully comply with this Agreement, we grant you the limited right to use the Services. The right to use the Services is a personal, restricted, non-exclusive, non-transferable, non-sublicensable, revocable, limited license, and it is subject to the limitations and obligations in this Agreement. Nothing in this Agreement gives you any license (other than as set out in this paragraph), right, title, or ownership of, in, or to the Site, any of the Services, the Copyrights, or the Marks. We may suspend or terminate the provision of Services to you or your Account at our sole discretion, as required by applicable Laws, where we determine that you have violated, breached, or acted inconsistent with any of this Agreement, or exposed us or any of our Affiliates to any liability under any applicable Laws.

Every Prohibited Person is strictly prohibited from directly or indirectly holding, owning or operating an Account in any way or otherwise using the Services or the Site. No Account may be operated for the financial or other benefit of a Prohibited Person.

We may, in our sole and absolute discretion, without liability to you or any third-party, refuse to let you use of the Site and/or one or more of the Services. Such actions may be taken as a result of a number of factors, including without limitation legal/regulatory requirements or demand, our discretion, or your violation of the terms of this Agreement. We may also temporarily suspend your access to the Site and/or Services if a technical problem so requires.

We may, at any time and in our sole discretion, require you to provide information or documentation to verify your identity, eligibility, or compliance with applicable Laws as a condition to accessing or continuing to access certain Vaults or features of the Site. Failure to provide such information may result in restricted or terminated access.

2A. Institutional and Professional Accounts

If you are an Institutional User, you represent, warrant, and agree that: (a) you have full power and authority to enter into this Agreement; (b) each Authorized Trader is duly authorized to act on your behalf; and (c) you are responsible for all acts and omissions of your Authorized Traders as if they were your own.

You acknowledge and agree that you are accessing and using the Services in a commercial capacity, are capable of evaluating the merits and risks of using the Services, and are not relying on us or any of our Affiliates for legal, tax, investment, accounting, or other advice.

You will maintain reasonable policies, procedures, and controls designed to ensure compliance with applicable Law (including sanctions, AML, and counter-terrorist financing requirements) and will provide information we reasonably request to verify such compliance.

We may require an Institutional User to execute a separate institutional addendum or other supplemental terms as a condition to access certain features (including APIs). In the event of a conflict, the supplemental terms will control with respect to the subject matter thereof.

3. Proprietary Rights

The trademarks, service marks and trade names, including both word marks and design marks on the Site or otherwise used in the provision of the Services (the “Mark(s)”) are used by us and our Affiliates under license. You agree not to appropriate, copy, display, reverse engineer, or use the Marks or other content without express, prior, written permission from us or the owner of the Marks, including as a domain name, as social media profile/handle, on a website, in an advertisement or other marketing, as or in connection with a phone number, as or in connection with an email address, in Internet search results, in meta data or code, or in any other manner.

Unless otherwise indicated, all materials on the Site or otherwise used in the provision of the Services are used by us under license (“Copyrights”). You agree not to appropriate, copy, display, or use the Copyrights or other content without express, prior, written permission from us or the third-party owner.

You may link to the Site’s homepage or other pages, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it, but you must not establish a link in such a way as to suggest any form of association, approval, or endorsement on our part without prior, express, written consent.

The Site may provide certain social media features that enable you to link, send communications, or display certain content from the Site. You may use these features solely as they are provided by us. You may not establish a link from any website that is not owned by you, cause the Site or portions of it to be displayed on or by any other site (for example, by framing, deep linking, or in-line linking), or otherwise take any action with respect to the materials on the Site that is inconsistent with any other provision of this Agreement.

The Site and Services are protected by copyright, trademark, trade secret and other intellectual property or proprietary rights Laws in various jurisdictions. All rights not expressly granted to you in this Agreement are reserved by us or our licensor(s). Except as expressly authorized by us, you will not (i) license, sublicense, rent, sell, resell, transfer, assign, distribute, or otherwise commercially exploit or make available to any Person all or any part of the Site or Services in any way, (ii) copy, modify, republish, distribute, or make derivative works based upon all or any part of Site or Services, (iii) “frame” or “mirror” all or any part of the Site or Services on any other server or wireless or Internet-based device or (iv) reverse engineer or access all or any part of Site or its Services in order to (a) build a competitive product or service, (b) build a product or service using similar ideas, features, functions, or graphics of all or any part of the Site or Services or (c) copy any ideas, features, functions, or graphics of all or any part of the Site or Services.

4. Additional Rights

We reserve the following rights, which do not constitute obligations of ours: (a) with or without notice to you, to modify, substitute, eliminate or add to the Site; (b) to review, modify, filter, disable, delete and remove any and all content and information from the Site and (c) to the extent permitted by Law, to cooperate with any law enforcement, court or Government investigation or order, or third party requesting or directing that we disclose information or content or information that you provide.

5. Prohibited Uses

You may not:

1. use the Site or any Services in order to disguise the origin or nature of illicit proceeds of, or to further, any breach of applicable Laws, or to transact or deal in, any contraband Digital Assets or other funds or property of any kind derived from illegal activity;
2. use the Site or any Services if any applicable Laws would prohibit, penalize, sanction, or otherwise expose us to liability for any Services furnished or offered to you under this Agreement;
3. use the Site or any Services to interfere with or subvert the rights or obligations of us or the rights or obligations of any other user of the Site or the Vaults or any other Person;
4. use the Site or any Services to engage in conduct that is detrimental to us or any other user of the Site or the Vaults or any other Person;
5. falsify or materially omit any information or provide misleading or inaccurate information requested by us or any of our Affiliates at any time;
6. post, submit, publish, display, or transmit any advertising or promotional material without the prior written consent of us or our Affiliates;
7. engage in activity that 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;
8. engage in activity that violates any applicable Law, rule, or regulation concerning the trading of securities or derivative;
9. utilize the Site or any Services for the financial or other benefit of a Prohibited Person;
10. use any virtual private network (VPN), anonymization service, or other tool or technique to circumvent, or attempt to circumvent, any Access Controls, jurisdictional restrictions, or compliance measures implemented by us; or
11. violate, promote, cause a violation of, or conspire or attempt to violate this Agreement or applicable Laws.

Any use as described in this section shall constitute a “Prohibited Use.” If we determine or suspect that you have engaged in any Prohibited Use, we may address such Prohibited Use through appropriate action as determined by us in our sole and absolute discretion. Such action may include making a report to any Government, Law enforcement, or other authorities, without providing any notice to you about any such report, and suspending or terminating your access to the Site or any Services. In addition, should your actions or inaction result in loss being suffered by us, you shall pay an amount to us so as to render us whole, including the amount of taxes or penalties that might be imposed on us.

6. About the Services

(a) Unsolicited Transactions. You acknowledge and agree that all transactions you initiate through the Site are unsolicited. You have not received any investment advice, recommendation, or endorsement from us in connection with any such transactions, and we do not conduct any suitability, appropriateness, or similar review of your transactions.

(b) No Investment Advice. All information provided by the Site is for informational purposes only and should not be construed as investment advice. You should not take, or refrain from taking, any action based on any information contained in the Site. We do not make any investment recommendations to you or opine on the merits of any investment transaction or opportunity. You alone are responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. Participation in any underlying Liquidity Pool does not constitute participation in a managed investment program, investment fund, or collective investment vehicle. Liquidity Pools and Vaults may operate according to automated smart contract mechanisms and, in certain cases, may involve parameter adjustments, rebalancing, or other strategy-related actions by us or our Affiliates, in each case as disclosed on the Site or in related documentation.

(c) No Fiduciary Duties. To the fullest extent permitted by Law, you acknowledge and agree that we owe no 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. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement.

(d) Release. We are not a party to any transaction or other interaction occurring on the Vaults. If you have a dispute with any other user of the Vaults or any counterparty, or other third party involved in any transaction associated with the Vaults, you agree to address such dispute directly with such user, counterparty, or other third party. If permitted in your jurisdiction, you release us (and our officers, directors, agents, investors, subsidiaries, and employees) (collectively “Releasees”) from, and covenant not to sue Releasees for any and all claims, demands, or damages (actual or consequential) of any kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such dispute.

(e) Non-Custodial. Unless otherwise expressly identified on the Site, the Services are non-custodial, meaning we do not control, hold, or otherwise have access to your Digital Assets or the Digital Asset Wallet you use when accessing the Services. You must use a third-party Digital Asset Wallet to use the Services and we have no control over the use or security of any such Digital Asset Wallet. You are solely responsible for the custody of the cryptographic private keys to the Digital Asset Wallet(s) you hold. This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. Liquidity Pools are implemented through smart contracts on public blockchain networks. Except as expressly stated in this Agreement, we do not manage, control, or direct the investment of assets deposited by users into Liquidity Pools. The behavior of Liquidity Pools is determined by underlying smart contract code and related mechanisms related to such Liquidity Pools.

(f) Taxes. It is your responsibility to determine what, if any, taxes apply to the transactions you make, and to report and remit the correct tax to the appropriate tax authority. We are not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. We encourage you to speak with your personal tax advisor regarding the tax implications of your use of the Vaults and Services.

(g) Jurisdiction. You acknowledge and agree that irrevocable liability is incurred and that title is transferred with respect to the exchange of Digital Assets or any other transactions related to such Digital Assets in the Vaults and that all activities and effects of such activities occur solely within the Republic of Panama and not in any other jurisdiction, regardless of where you may have entered into or closed such transactions, placed orders, sent payments, connected or signed Digital Asset Wallets or otherwise interacted with the Site or the Vaults or where our servers or any underlying blockchain validator or node may be located and you will not take a contrary position. You further represent and agree that the products available on the Site and the Vaults are novel blockchain-based instruments.

(h) Trading Activities and Other Transactions. All of the code used in the Vaults is novel and experimental. Please use discretion when depositing funds. While the code has been thoroughly reviewed, we are not liable for funds lost due to code or smart contract exploits or hacks. Moreover, prices of Digital Assets displayed on the Site are exposed to market fluctuations. Your capital might change due to price action and other external factors. Take note that price fluctuations also cause “impermanent loss” when dealing with Liquidity Pools. Information available when using the Services may not always be entirely accurate, complete, or current and may also include technical inaccuracies or typographical errors. To continue to provide you with as complete and accurate information as possible, information may be changed or updated from time to time without notice, including information regarding our policies. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on the Site or as part of the Services are your sole responsibility. No representation is made as to the accuracy, completeness, or appropriateness for any particular purpose of any pricing information distributed via the Site or otherwise when using the Services, and we take no responsibility and bear no liability for incorrect, incomplete, inaccurate, inappropriate, fraudulent or manipulated pricing data.

(i) No Manipulation. You agree that you will not engage in any activity that seeks to manipulate the price or valuation of any Digital Asset or other instrument available in the Vaults. This includes, without limitation: (i) manipulating or attempting to manipulate on-chain or off-chain price feeds or oracles, (ii) engaging in front-running, spoofing, wash trading, or other deceptive trading practices, (iii) using automated tools, contracts, or bots to artificially inflate or deflate prices or volumes, (iv) exploiting known or unknown vulnerabilities in oracle mechanisms or data sources or (v) coordinating with others to distort market prices or oracle inputs. We reserve the right, in our sole discretion and without liability to you, to take actions intended to preserve the integrity, stability, or security of the Site or Vaults. Such actions may be taken in response to technical issues, market disruptions, suspected manipulation, or other circumstances that could adversely affect the operation of the Vaults.

(j) Transaction Failures. A transaction may fail for several reasons, including without limitation a change in prices, order availability, or technical difficulties experienced by us, decentralized finance counterparties or underlying blockchain nodes. We make no representation or warranty that any transaction will be executed fully, or at all. We are, under no circumstances, liable for any loss or injury suffered by a failure of a transaction to complete properly or in a timely manner, including dispatching to the underlying blockchain. Further, we are in no way responsible for notifying you of a transaction failure, although you are able to see any such failures on the Site. You have full responsibility to determine and inquire into the failure of any transaction which you initiate.

(k) Removal of Assets. WE MAY REMOVE A DIGITAL ASSET OR RELATED INSTRUMENT FROM THE SITE AT ANY TIME, FOR ANY REASON AND WITHOUT PRIOR NOTICE. You acknowledge that while we are using commercially reasonable methods to provide trading functionality to you through our Services, we do not guarantee that the Services will be consistently available. You agree that you assume all risks and potential losses associated with any Digital Asset being removed, price fluctuations or differences in actual versus indicated prices.

(l) No Broker Services. You acknowledge and agree that we do not broker trading orders on your behalf, negotiate terms for any transaction, make investment recommendations, arrange financing, hold customer funds, process trade documentation or conduct independent asset valuations in connection with providing the Services. We also do not facilitate the execution or settlement of your trades, which occur entirely on the applicable underlying blockchain. As a result, we do not (and cannot) guarantee market best pricing or best execution through the Services. Any references on the Site to “best price” or similar phrases do not constitute a representation or warranty about pricing available through the Site or elsewhere.

(m) Vault Infrastructure. The Site functions solely as a user interface that facilitates interaction with blockchain-based smart contracts comprising the Vaults. We do not operate a traditional exchange, trading venue, or marketplace. Trading activity, liquidity provision, collateralization, and settlement occur through decentralized smart contract infrastructure deployed on public blockchain networks.

(n) Fees. You may be subject to certain fees and commissions for using the Services and transacting on the Site. You agree to promptly pay such fees and commissions as set forth on the Site, which we may modify from time to time. Certain blockchains require the payment of a transaction fee (e.g., “gas fee”) for each transaction that occurs on the network. Accordingly, you must ensure that you have a sufficient balance of cryptocurrency stored in your Digital Asset Wallet(s) to complete any transaction on such blockchain before initiating such transactions.

(o) Digital Asset Wallets. You acknowledge and agree that (i) we have no control over any Digital Asset Wallet that you may use in connection with your use of the Site or Services, (ii) all Digital Asset Wallets are provided by third parties, (iii) we have no right or ability to control third parties who provide Digital Asset Wallets, (iv) any dispute between you and any Digital Asset Wallet provider is between you and that third party provider and (v) that we are not liable for any issues or losses caused by the use of any Digital Asset Wallets. We do not know nor have access to the private keys to your Digital Asset Wallets. Therefore, you are exclusively responsible for maintaining the confidentiality and security of your devices you use to access the Services. You are also responsible for maintaining the security of the Digital Asset Wallets, and for ensuring that no unauthorized person has access to your Digital Asset Wallets, its private keys, or any device that you utilize in connection with the Services. We will not be liable for any loss or damage arising from your failure to protect your Digital Asset Wallets.

(p) Non-Reliance. You acknowledge and agree that in entering into this Agreement and using the Services you have not relied and are not relying on any representations, warranties or other statements whatsoever, whether written or oral (from or by us or any person acting on our behalf) other than those expressly set out in this Agreement (or other related documents referred to herein) and that you do not have any right or remedy rising out of any representation, warranty or other statement not expressly set out in this Agreement. You acknowledge and agree that you are not relying on us or any of our Affiliates with respect to the design, selection, or implementation of any Vault strategy, and that you are solely responsible for evaluating the risks associated with any Vault. You acknowledge that the classification of any Vault as “permissionless,” “restricted,” or otherwise is for descriptive purposes only and does not constitute a representation regarding its legal or regulatory status.

(q) Vault Strategies. Vaults may allocate Digital Assets across one or more Liquidity Pools, protocols, or strategies and may rebalance, reallocate, or otherwise modify such allocations from time to time. Such actions may be automated, algorithmic, or implemented by us or our Affiliates based on predefined or discretionary criteria. These actions may result in gains or losses, and past performance of any Vault or strategy is not indicative of future results.

6A. Liquidity Pools

Certain features of the Vaults allow users to deposit Digital Assets into one or more Liquidity Pools. When you deposit Digital Assets into a Liquidity Pool, you understand and agree that:

1. Liquidity Pools may experience partial or total losses as a result of market movements, liquidations, smart contract risks, or other operational events; and
2. the performance of any Liquidity Pool is not guaranteed and may fluctuate significantly.

Depositing assets into a Liquidity Pool is entirely voluntary and may result in the partial or total loss of your deposited Digital Assets.

6B. Vault Access and Restrictions

Vaults made available through the Site may be subject to different access conditions depending on their design, applicable Law, and other considerations. Certain Vaults may be Permissionless Vaults, while others may be Restricted Vaults.

You acknowledge and agree that:

1. we may apply Access Controls to any Vault at any time, including requiring identity verification, wallet screening, or other onboarding procedures;
2. access to certain Vaults may be limited based on your jurisdiction, residency, citizenship, regulatory status, or other criteria;
3. certain Vaults may only be made available to users who satisfy specific eligibility requirements (including, without limitation, status as a professional, institutional, or otherwise qualified participant);
4. Access Controls may be implemented through technological means (including smart contract restrictions, wallet whitelisting, or interface-level limitations) or through off-chain processes;
5. notwithstanding anything to the contrary herein, you are solely responsible for ensuring that your access to and use of any Vault complies with applicable Laws; and
6. we may restrict, suspend, or terminate your access to any Vault or the Site at any time if we determine, in our sole discretion, that such access may violate applicable Law or expose us or our Affiliates to regulatory risk.

6C. Regulatory Status of Vaults

Vaults may have different legal or regulatory characteristics depending on their structure, underlying activities, and applicable jurisdiction. Certain Vaults may involve arrangements or exposures that could be subject to securities or other financial regulatory frameworks in one or more jurisdictions. Nothing on the Site constitutes an offer or solicitation to sell, or a recommendation to purchase, any security, financial instrument, or investment product in any jurisdiction where such offer, solicitation, or sale would be unlawful.

We do not represent or warrant that any Vault is compliant with the Laws of any particular jurisdiction, and access to or use of any Vault may be restricted or prohibited in certain jurisdictions. You are solely responsible for determining whether your access to and use of any Vault is permitted under applicable Law, including any laws relating to securities or financial instruments.

6D. U.S. Regulatory Restrictions

Certain Restricted Vaults may not be offered or made available to U.S. persons or persons located in the United States. Where applicable, such Restricted Vaults are intended to be offered and made available only in transactions that are exempt from registration under applicable U.S. securities Laws, including Regulation S under the U.S. Securities Act of 1933, as amended.

If you are using any such Restricted Vault, you represent and warrant that:

1. you are not a “U.S. person” as defined in Regulation S, and you are not accessing the Site or any Restricted Vault from within the United States, unless expressly permitted by us;
2. you are not acting for the account or benefit of any U.S. person, unless expressly permitted by us;
3. you will not directly or indirectly sell, transfer, assign, pledge, or otherwise dispose of any interest in a Vault to any U.S. person or within the United States, except in compliance with applicable Law; and
4. you understand that certain Vaults may be subject to restrictions on transfer, resale, or withdrawal, including time-based restrictions.

We may implement measures designed to prevent access to certain Vaults by U.S. persons, including geofencing, wallet screening, and other Access Controls. You agree not to circumvent or attempt to circumvent any such restrictions.

6E. No Public Offering or Solicitation

The Site and the Vaults are not intended to constitute, and do not constitute, an offer to sell or a solicitation of an offer to buy any securities, financial instruments, or investment products in any jurisdiction.

Any information made available through the Site is for informational and technical purposes only and does not constitute an offering document, prospectus, or similar disclosure document. Where any Vault is deemed to involve a security or other regulated instrument under applicable Law, access to such Vault may be subject to applicable restrictions and requirements, and may not be available to all users.

6F. Transfer and Resale Restrictions

Your ability to transfer, assign, withdraw, or otherwise dispose of interests in any Vault may be subject to restrictions, including, without limitation:

1. restrictions imposed by smart contracts;
2. Access Controls implemented by us or third parties;
3. compliance with applicable Law, including securities Laws; and
4. time-based or jurisdiction-based restrictions.

You agree that you will not transfer or attempt to transfer any interest in a Vault in violation of applicable Law or any applicable restrictions.

7. No Warranties

The Site is provided on an “AS IS” and “AS AVAILABLE” basis. To the maximum extent permitted by Law, we disclaim any representations and warranties of any kind, whether express, implied, or statutory, including (but not limited to) the warranties of merchantability and fitness for a particular purpose. To the maximum extent permitted by Law, you acknowledge and agree that your use of the Site is at your own risk; we do not represent or warrant that access to the Site will be continuous, uninterrupted, timely, or secure; that the information contained in the Site will be accurate, reliable, complete or current; or that the Site will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning the Site. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Site.

8. Assumption of Risk

There is no guarantee against losses when interacting with the Vaults through the Site. You should not trade in Digital Assets or related instruments (including using the Vaults) unless you understand the associated risks. You should never trade more than you are willing to lose.

You acknowledge and agree that the Services, the Site, and the Vaults may be subject to operational, infrastructure, and information security events, including without limitation:

1. oracle failures, delays, manipulations, or outages (including stale or incorrect price feeds), which may cause mispricing, margin errors, or liquidations;
2. exchange-wide outages, degraded performance, downtime, maintenance, or unavailability (planned or unplanned);
3. network attacks such as DDoS or other attempts to disrupt availability;
4. blockchain congestion, reorgs, forks, validator or node failures, or other chain events that may delay, reorder, or prevent transactions;
5. smart contract vulnerabilities, exploits, or unexpected behavior (including in third-party dependencies); and
6. emergency actions we may take (including pausing interfaces or disabling features) to protect users or the Site.

Any of the foregoing may result in partial or total losses, including losses arising from inability to access the Services, place, modify or cancel orders or close positions, execution at unfavorable prices or liquidations. You assume all such risks.

By accessing and using the Site, you represent that you are financially and technically sophisticated enough to understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of the usage and intricacies of Digital Assets and other related instruments (including vaults). In particular, you understand that blockchain-based transactions are irreversible.

You further understand that the markets for these Digital Assets and related instruments (including the Vaults) are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security and regulation. You acknowledge and accept that the cost and speed of transacting with cryptographic and blockchain-based systems are variable and may increase dramatically at any time. You further acknowledge and accept the risk that your Digital Assets and related instruments may lose some or all of their value while they are supplied to the Vaults through the Site.

You understand that anyone can create a Digital Asset, including fake versions of existing tokens and tokens that falsely claim to represent projects, and acknowledge and accept the risk that you may mistakenly trade those or other Digital Assets or related instruments. You further acknowledge that we are not responsible for any of these variables or risks, and cannot be held liable for any resulting losses that you experience while accessing or using the Vaults through the Site. Accordingly, to the maximum extent permitted by Law, you understand and agree to assume full responsibility for all of the risks of accessing and using the Site to interact with the Vaults.

The Vaults or underlying Liquidity Pools may rely on third-party price feeds, oracles, or other external data sources in order to determine pricing, collateralization levels, funding rates, and liquidation conditions. Such data sources may experience delays, inaccuracies, outages, manipulation, or other failures. If a price feed or oracle becomes unavailable, delayed, or corrupted, the Vaults may:

1. pause certain functionality;
2. utilize fallback pricing mechanisms; or
3. continue operating based on the last available price.

Any such events may result in liquidations, losses, pricing errors, or the inability to close or modify positions. You agree that we are not responsible for any losses arising from oracle failures or pricing disruptions.

You acknowledge that any yield, return, or performance associated with a Vault is variable, may change at any time, and is not guaranteed. Vault performance may differ from the performance of any underlying Liquidity Pool or strategy due to fees, rebalancing, timing differences, or other factors.

9. Third-Party Resources and Promotions

The Site may contain references or links to third-party resources, including (but not limited to) information, materials, products, or services, that we do not own or control. In addition, third parties may offer promotions related to your access and use of the Site. We do not endorse or assume any responsibility for any such resources or promotions. If you access any such resources or participate in any such promotions, you do so at your own risk, and you understand that this Agreement does not apply to your dealings or relationships with any third parties. To the maximum extent permitted by Law, you relieve us of any and all liability arising from your use of any such resources or participation in any such promotions.

10. Release of Claims

To the maximum extent permitted by Law, you expressly agree that you assume all risks in connection with your access and use of the Site and your interaction with the Vaults. To the maximum extent permitted by Law, you further expressly waive and release us from any and all liability, claims, causes of action, or damages arising from or in any way relating to your use of the Site and your interaction with the Vaults.

11. Indemnity

You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents and Affiliates from and against all claims, damages, obligations, losses, liabilities, costs and expenses arising from: (a) your access and use of the Site; (b) your violation of any term or condition of this Agreement, the right of any third party or any other applicable Law, rule or regulation or any inaccuracy in any representation made by you in this Agreement and (c) any other party’s access and use of the Site with your assistance or using any device or account that you own or control.

In furtherance and not in limitation of the foregoing, you agree to promptly reimburse us for all costs and expenses that we may incur when responding to, defending and/or settling any actual or threatened claims made by any third party alleging facts that could reasonably give rise to indemnification by you under this Agreement.

12. Limitation of Liability

Without limiting the following, to the maximum extent permitted by Law, we will not be liable for any Losses arising from the operational and infrastructure risks described in Section 8, including any resulting liquidations, pricing errors, or inability to access the Services.

Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, or Affiliates be liable to you for any indirect, punitive, incidental, special, consequential, or exemplary damages, including (but not limited to) damages for loss of profits, goodwill, use, data, or other intangible property, arising out of or relating to any access or use of the Site, nor will we be responsible for any damage, loss, or injury resulting from hacking, tampering, or other unauthorized access or use of the Site or the information contained within it. We assume no liability or responsibility for any: (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage, of any nature whatsoever, resulting from any access or use of the Site; (c) unauthorized access or use of any secure server or database in our control, or the use of any information or data stored therein; (d) interruption or cessation of function related to the Site; (e) bugs, viruses, trojan horses, or the like that may be transmitted to or through the Site; (f) errors or omissions in, or loss or damage incurred as a result of the use of, any content made available through the Site; and (g) the defamatory, offensive, or illegal conduct of any third party.

Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any claims, proceedings, liabilities, obligations, damages, losses, or costs in an amount exceeding the amount you paid to us in exchange for access to and use of the Site, or 100 Panamanian Balboa (PAB), whichever is greater. This limitation of liability applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, and even if we have been advised of the possibility of such liability. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of certain liabilities and damages. Accordingly, some of the disclaimers and limitations set forth in this Agreement may not apply to you. This limitation of liability shall apply to the maximum extent permitted by Law.

13. Resolution of Disputes

We will use our best efforts to resolve any potential disputes through informal, good faith negotiations. If a potential dispute arises, you must contact us by sending an email to team@bondl.co so that we can attempt to resolve it without resorting to formal dispute resolution. If we aren’t able to reach an informal resolution within ninety days of your email, then you and we both agree to resolve the potential dispute according to the process set forth below.

All disputes arising out of or in connection with this Agreement, or any other acts or omissions for which you may contend that we are liable, including (but not limited to) any claim or controversy as to arbitrability, shall be finally settled by arbitration administered by the Panama Conciliation and Arbitration Centre in accordance with its procedural rules. You understand that you are required to resolve all disputes by final arbitration. The arbitration shall occur in English and will be held in the Republic of Panama, unless you and we both agree to hold it elsewhere. Unless we agree otherwise, the arbitrator may not consolidate your claims with those of any other party.

14. Class Action and Jury Trial Waiver

You must bring any and all disputes against us in your individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action or other representative proceeding. This provision applies to class arbitration. You and we both agree to waive the right to demand a trial by jury.

15. Governing Law

You agree that the laws of the Republic of Panama, without regard to principles of conflict of laws, govern this Agreement and any dispute between you and us. You further agree that the Site shall be deemed to be based solely in the Republic of Panama, and that although the Site may be available in other jurisdictions, its availability does not give rise to general or specific personal jurisdiction in any forum outside the Republic of Panama.

16. Language and Contact Details; Feedback

The Agreement and any information or notifications that you or we are to provide shall be in English. If you have any questions relating to these Agreement, your rights and obligations arising from this Agreement and/or your use of the Site or any other matter, please contact team@bondl.co.

If you choose to provide us with input or suggestions regarding problems with or proposed modifications or improvements to the Site and/or Services (“Feedback”), then you grant to us a non-exclusive, royalty-free, perpetual, irrevocable, transferable, sublicensable and global right to use and exploit the Feedback in any manner and for any purpose without any restriction, credit, attribution or fees due to you.

17. Privacy

All information we collect on this Site and Services is subject to our Privacy Policy. By using the Site and/or Services, you consent to all actions taken by us with respect to your information in compliance with our Privacy Policy.

Our Privacy Policy is a part of this Agreement. Please review our Privacy Policy, which also governs the Site and informs users of our data collection practices.

Please note that it is our policy to comply with all facially valid subpoenas, court orders or binding orders issued to us by law enforcement agencies and other Government Officials. This may affect your access to the Site and Services, your funds and our services to you. We are not responsible for any losses, whether direct or indirect, that you may incur as a result of our compliance with applicable Law, the guidance or direction of any regulatory authority or Government Official, or any writ of attachment, lien, levy, subpoena, warrant or other legal order.

18. Entire Agreement

This Agreement (including the Privacy Policy) constitute the entire agreement between you and us with respect to the subject matter hereof. This Agreement supersedes any and all prior or contemporaneous written and oral agreements, communications and other understandings (if any) relating to the subject matter of this Agreement.

No waiver of by us of any term or condition set out in this Agreement will 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 us to assert a right or provision under this Agreement will not constitute a waiver of such right or provision.

If any provision of this Agreement is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision will be eliminated or limited to the minimum extent such that the remaining provisions of this Agreement will continue in full force and effect.