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Privacy Policy

Last updated: May 3, 2021

Oiler DeFi (“we”, “us”, “our”) is the operator of the Oiler Platform (the “Platform”) – a web-based user interface to the Oiler Protocol, – and website available at https://www.oiler.network/ (collectively with subdomains, the “Website”) through which the Platform can be accessed. Please refer to our Terms of Service for information about the Platform and Oiler Protocol. With respect to the personal data collected on or through the Website, we are acting as a data controller.

In this Privacy Policy, we explain how we collect and process your personal data. Personal data or personal information means any information that directly or indirectly identifies you as an individual.

We make our best efforts to process personal data in accordance with the applicable data protection legislation (the “Applicable data protection legislation”), which particularly depends on where you are located. If you have any questions regarding the processing of your personal data, do not hesitate to contact us via the contact details provided below.

Contact Details:

Name: Oiler DeFi, a Cayman Islands company

Address: c/o International Corporation Services Ltd., PO Box 472, Harbour Place 2nd Floor, 103 South Church Street, Grand Cayman KY1-1106, Cayman Islands

Email: [email protected]

What information we collect

As a general rule, we try not to collect any personal information that is not necessary for us. We always strive to comply with the data minimisation principle, meaning that we endeavour to process as little personal data as possible.

We do not collect or process any personal data when you simply access and browse the Website.

In order to enable you to use certain functionality of the Platform, we must receive your public address (starting with “0x”) in the Ethereum blockchain (the “Address”), and information about your transactions on the blockchain with the Address (“Transactions”), which, in certain circumstances, may be considered personal data. For this purpose, we collect and process your Address when you connect your digital wallet to the Platform. When you make a Transaction through the Platform, we process information about such Transaction.

Cookies and similar technologies

Our Website does not use any analytical, marketing, statistic cookies or any other similar tracking technologies that are not necessary to run the Website. If this changes, we will ask for your prior consent.

How we use the information

We use the Address and information about Transactions to enable you to use certain functionality of the Platform. The legal basis for processing your Address and information about your Transactions is the necessity for the performance of a contract between you and us.

We do not transfer, provide or sell your personal data to any person. However, please consider the features of the blockchain data processing described below.

Your information and blockchain

Please kindly note that your Address and information on your Transactions will be used within the Ethereum blockchain, which is out of our control. This means that due to the structure of the Ethereum blockchain certain data protection rights or abilities may be limited. It also means that your Address and information regarding your Transactions are publicly available to any person who has access to the Ethereum blockchain. Please be aware that any transaction within the Ethereum blockchain is irreversible and information put into therein cannot be deleted or changed.

How long we process your data

We process your data as long as you keep your digital wallet connected to the Platform. Please note that due to the nature of the blockchain, information regarding the Address and Transactions may be accessed by us or any third party at any time.

Third-party links

This Website may include links and social media plugins to third-party websites and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and applications, and are not responsible for their privacy statements. When you leave our Website, we encourage you to read the privacy policy of every website or application you visit.

Your rights

According to the Applicable data protection legislation, you may have the following rights:

  • request access to your personal data (commonly known as a “data subject access request”). This enables you to receive a copy of the personal data we hold about you and to check that we are lawfully processing it;

  • request correction of the personal data that we hold about you. This enables you to have any incomplete or inaccurate data we hold about you corrected, though we may need to verify the accuracy of the new data you provide to us;

  • request erasure of your personal data. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below), where we may have processed your information unlawfully or where we are required to erase your personal data to comply with local law. Note, however, that we may not always be able to comply with your request of erasure for specific legal or technical reasons which will be notified to you, if applicable, at the time of your request;

  • object to the processing of your personal data where we are relying on a legitimate interest and there is something about your particular situation which makes you want to object to processing on this ground as you feel it impacts on your fundamental rights and freedoms. You also have the right to object where we are processing your personal data for direct marketing purposes. In some cases, we may demonstrate that we have compelling legitimate grounds to process your information which override your rights and freedoms;

  • request restriction of processing of your personal data. This enables you to ask us to suspend the processing of your personal data in the following scenarios: (1) if you want us to establish the data’s accuracy, (2) where our use of the data is unlawful but you do not want us to erase it, (3) where you need us to hold the data even if we no longer require it as you need it to establish, exercise or defend legal claims, (4) you have objected to our use of your data but we need to verify whether we have overriding legitimate grounds to use it;

  • request the transfer of your personal data to you or to a third party. We will provide to you, or a third party you have chosen, your personal data in a structured, commonly used, machine-readable format. Note that this right only applies to automated information which you initially provided consent for us to use or where we used the information to perform a contract with you;

  • withdraw consent at any time where we are relying on consent to process your personal data. However, this will not affect the lawfulness of any processing carried out before you withdraw your consent. If you withdraw your consent, we may not be able to provide certain products or services to you. We will advise you if this is the case at the time you withdraw your consent;

  • not to be subject to a decision based solely on automated processing of data, including profiling, which produces legal effects concerning you or similarly significantly affects you;

  • file a complaint with a relevant supervisory authority in case we violate your rights or obligations imposed on us under the Applicable data proception legislation. The relevant supervisory authority will particularly depend on where are you located.

Please note that due to the nature of the processing operation, we may not be able to exercise certain rights that you may have pursuant to the Applicable data proception legislation. If you want to ensure your privacy rights are not affected in any way, you should not transact on public blockchains (such as Ethereum blockchain) as certain rights may not be fully available or exercisable by you or us due to the technological infrastructure of the blockchain.

In order to exercise your rights as a data subject, we may request certain information from you to verify your identity and confirm that you have the right to exercise such rights.

Children personal data

The Website and the Platform are not intended for the use of children (under 16 years old or older, if the country of your residence determines a higher age restriction). We do not knowingly market to, or solicit data from children. We do not knowingly process, collect, or use the personal data of children, and in case we receive such data, we will erase it within a reasonable timeframe.

Changes to this Privacy Policy

We keep our Privacy Policy under regular review and may update it at any time. If we make any changes to this document, we will change the “Last Updated” date at the beginning of this Privacy Policy. Your continued use of the Website following any such update constitutes your acceptance of the revised Privacy Policy. If you do not agree to the revised Privacy Policy, you should discontinue your use of the Website. We encourage you to review this Privacy Policy whenever you access or use the Platform to stay informed about our information practices and the choices available to you.

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