# Oiler Network Blockchain Native Derivatives Oiler Network is building a suite of financial products that will allow traders to hedge the risks inherent in blockchains in a trustless and decentralized manner. Most of the DeFi users who will turn to Oiler Network solutions are those who are already exposed to the volatility of various blockchain protocol parameters. For instance, exchanges that cover the volatile costs of withdrawing network assets; miners/validators whose block rewards and transaction fees are volatile; and other institutions that need to hedge risks. {% hint style="warning" %} Please read Terms and Conditions and Legal Notice and Risk Disclosure Statement and Privacy Policy. {% endhint %} # PITCH LAKE DeFi vaults allowing Ethereum mainnet basefee trading {% hint style="success" %} The Pitch Lake Paper has been released! Read it [here](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4123018). {% endhint %} Pitch Lake uses StarkNet STARKs to calculate time-weighted averages of basefee (TWAPs) in a given month to be used for cash settlement of basefee option contracts. Access to verified Ethereum mainnet block headers is achieved with the help of Fossil that uses the Cairo architecture. Pitch Lake is built around the design principle of oracle-lessness: All input data to the option protocol are obtained from Ethereum mainnet and processed through Fossil. No external data feed or oracle is needed to mint, price or settle an option contract. Liquidity is rolled-over continuously, and strike, collateral and reserve price calculations are done fully automatically using Fossil. More updates coming soon! # FOSSIL Fossil is a set of smart contracts on both Starknet and Ethereum L1 that allow Starknet smart contracts to read anything ever committed to Ethereum L1 and any of it’s EVM based L2s. Fossil allows you to read all the historical L1 data from state like: * state * logs * receipts * transactions * block headers For more information, please checkout the [Fossil Github Repo](https://github.com/OilerNetwork/fossil) & [Fossil Medium Article](https://medium.com/oiler-network/introducing-fossil-ce4c23ad17c4)! # Getting Started Welcome to the Oiler Fossil documentation. This page explains the basic concepts of Fossil ### What is Starknet? Starknet is an Ethereum L1 settled L2 operated and developed by StarkWare Industries Ltd. Currently Starknet is a so called zkRollup, you can read more about rollups and scaling solutions [here](https://ethereum.org/en/developers/docs/scaling/#rollups). Starknet zkRollup supports general purpose Smart Contracts written in [Cairo Lang](https://www.cairo-lang.org/docs/#:~:text=Cairo%20is%20a%20programming%20language,to%20provide%20scalability%20to%20blockchains.). Smart contracts on Starknet are interoperable which means they can call each others and access their storage. Starknet by default does not have a mechanism that allows it's smart contracts to read data from Ethereum, for that reason Fossil has been built. ### What is an Ethereum Account? Ethereum has two types of accounts: * EOAs - This type of account is able to originate transactions by signing them with the corresponding cryptographic key. * Smart contracts - An account containing storage and code that executes whenever it receives a transaction originated by an EOA or is called by another smart contract. No matter if an account is an EOA or a smart contract it will have the following properties: * Balance - ETH balance denominated in wei. * Code hash - The keccak256 hash of the bytecode. * Nonce - a transaction counter in each account. That prevents replay attacks. * Storage hash - Root of the storage Merkel Patricia Tree.
 All Ethereum account are committed to the state of the blockchain. ### What is a storage slot? As mentioned above smart contracts have storage. The Storage structure of an Ethereum smart contract is a key-value store, where the key is also called a slot and has it's corresponding value that can change over time. Storage slots are a deterministic numeric value, you can read more about how those are computed [here](https://docs.soliditylang.org/en/v0.4.20/miscellaneous.html#layout-of-state-variables-in-storage). The smart contract storage is committed in a form of a hash to its corresponding account's `storageHash`. ### What is a Merkle Patricia Tree? Merkle Patricia Trees(MPTs) are data structure derived from standard Merkle trees. These are widely used in Ethereum to commit large amounts of data to a single hash, you can read more about MPTs [here](https://eth.wiki/fundamentals/patricia-tree). ### How does an Ethereum block look like? Ethereum blocks contain the following properties but not all of them are included in the header: | Property | Part of the header | | ------------------ | ------------------ | | number | yes | | basefee | yes | | hash | yes | | difficulty | yes | | parent\_hash | yes | | uncles\_hash | yes | | beneficiary | yes | | state\_root | yes | | transactions\_root | yes | | receipts\_root | yes | | logs\_bloom | yes | | gas\_limit | yes | | gas\_used | yes | | timestamp | yes | | extra\_data | yes | | mix\_hash | yes | | nonce | yes | | transactions | no | | receipts | no | | uncles | no | | size | no | Any ethereum block has it's header which does not include transactions and receipts making it much much smaller than the entire block. Ethereum block headers have a size of \~1kb. An Ethereum block hash is computed by hashing the RLP serialized header with keccak256. ### Tries in Ethereum Fossil takes advantage of the fact that Ethereum commits it's state, receipts and transactions to MPT, that makes proving existence of accounts, storage slots values, receipt and transactions possible. You can read more about these tries [here](https://eth.wiki/fundamentals/patricia-tree#tries-in-ethereum). # Architecture overview Fossil smart contracts architecture overview. ### Fossil components * L1 -> L2 messages sender * L1 -> L2 messages receiver * L1 Headers store * Facts registry * TWAP ### Intro Fossil is a set of smart contracts deployed on both ethereum L1 and Starknet L2. In order to access data from Ethereum, Fossil's L2 contracts must be provided with an L1 `blockhash` which is enough to recreate data till the genesis block on Ethereum. Once a `blockhash` is provided and written in the L2 smart contract storage it's corresponding block can be recreated by validating a submitted header. Ethereum block headers contain trie roots and parent hashes, such data allows to access the provided block's state, transactions, receipts and repeat that process for the next block and so recursively till genesis. ### L1 -> L2 messages sender This contract is responsible for sending block hashes from L1. # FOSSIL API Oiler has built an API which allows projects to take advantage of [Fossil](/oiler-network/products/fossil) in a much simpler manner. {% hint style="danger" %} Please note: **Fossil is currently not ready for most production applications**! {% endhint %} This is because the block step limit on Starknet is too low and large requests may fail if they require too many steps. We are in contact with Starkware and are awaiting for them to increase the step limit in the near future, at which time we will complete e2e testing and officially launch Fossil. Check out our [Swagger API Docs](https://fossil.oiler.network/docs/) to see all of our currently supported endpoints! If you are interested in building with the Fossil API, we can give you API access for testing purposes prior to the official launch. Please send any inquiries to: # NAFTA NFT Flash Loans & Long Term Renting without collateral {% hint style="success" %} Nafta has launched! Try it today at [nafta.market](https://nafta.market)! {% endhint %} ### What is Nafta? Nafta is a platform that facilitates NFT Flash Loans & Long Term Renting without any collateral. ![](/files/GJXcmizzEWQkFYs3h2Mi) ### Features #### [Long Term Renting](broken://pages/cnrHGD5HgzyRVaFbqCPc) Allows you to rent as many times as you want for the fixed price paid once. * The owner of an NFT pools it with the Oiler Nafta pool -> sets the borrowing rate & the maximum borrowing period. * The renter receives a wrapper NFT representing the borrowed asset, which they can trade, transferring the flash-ownership #### [FlashLoans](broken://pages/4tTSgT16E1WITCrONWcH) Allows you to flash-loan an NFT in a single transaction; NFT has to be returned into the pool at the end of the transaction, together with the loan cost paid to the pool. * The owner of an NFT pools it with the Oiler Nafta pool & sets the single loan price * The renter flash-loans an asset in and returns the original NFT at the end of the transaction. * In the case where the original NFT is not returned -> transaction reverts. # Contract Addresses Nafta Smart Contract Addresses ## **Ethereum Mainnet** Nafta: [0x5D097eBfc47A2fC41B4A3cb16fDD6bc93435Fbdd](https://etherscan.io/address/0x5D097eBfc47A2fC41B4A3cb16fDD6bc93435Fbdd) WETH9: [0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2](https://etherscan.io/token/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2) ## **Rinkeby** Nafta: [0xd5af299f7f73758d9af1982236c22FCde0eC42ff](https://rinkeby.etherscan.io/address/0xd5af299f7f73758d9af1982236c22FCde0eC42ff) WETH9: [0xf4cf9f21d34bbeeaab3827bfd2d7aa03aec7de4b](https://rinkeby.etherscan.io/address/0xf4cf9f21d34bbeeaab3827bfd2d7aa03aec7de4b) \*Test WETH is available on [Rinkeby UniswapV3 pool](https://app.uniswap.org/#/swap?outputCurrency=0xf4cf9f21d34bbeeaab3827bfd2d7aa03aec7de4b). ## **Goerli** **Goerli** Nafta: [0x70e728f2464Eb9C85aa0469CdeB97473AF46145e](https://goerli.etherscan.io/address/0x70e728f2464Eb9C85aa0469CdeB97473AF46145e) WETH9: [0x12e506eb1ad0a1d006a97A540dCE9b331692105D](https://goerli.etherscan.io/address/0x12e506eb1ad0a1d006a97A540dCE9b331692105D) # FlashLoan Step by step guide The concept of the NFT Flash Loan is very similar to the concept of ERC20 asset Flash Loan → it is an uncollateralised loan that allow the borrowing of an NFT, as long as the borrowed NFT is returned before the end of the transaction(together with the loan cost paid to the pool). Flash-loaned NFTs would behave in many cases exactly like you were the owner of them (you can flash-loan them every single time when you would normally use the NFT). ### Overview #### Here is how you can get started : To execute an NFT Flash Loan you will have to deploy your own contract that will interact with Nafta smart contract: 1. Your contract calls `Nafta` contract requesting a Flash Loan using `flashLoan()`. You will indicate a certain `nftID` , `nftAddress` , `maxLoanPrice` - *Price the user is willing to pay for the flashloan &* `receiverAddress`. 2. After some sanity checks, `Nafta` transfers the requested `nftID` from `_poolNFTs` to your contract, then calls `IFlashNFTReceiver`on your contract (or another contract that you specify as the `receiverAddress`). 3. Your contract, now holding the flash loaned `nftId`, executes any arbitrary operation in its code. 4. Once your code is executed, you transfer the flashLoaned`nftID` back to `Nafta`. * If the original NFT is not returned then the transaction is reverted. {% hint style="warning" %} All of the above happens in 1 transaction (hence in a single ethereum block) {% endhint %} ### Flash Loan Fee `flashFee` - The fee user has to pay for a single rent (in WETH9) *\[Range: 0-4k ETH]* ### Step by Step #### 1. Set Up Your contract that receives the flash loaned NFT has to integrate `IFlashNFTReceiver` interface by implementing the relevant `executeOperation()` function. ```jsx interface IFlashNFTReceiver is IERC721Receiver { function executeOperation( address nftAddress, uint256 nftId, uint256 feeInWeth, address msgSender, bytes calldata data) external returns (bool); ``` #### 2. Calling `flashLoan()` To call `flashloan()` on `Nafta`, we need to pass in the relevant parameters. ```jsx function flashloan( address nftAddress, uint256 nftId, uint256 maxLoanPrice, address receiverAddress, bytes calldata data) external; ``` #### 3. Completing the NFT flash loan Once you have performed your logic with the flash loaned NFT (in your `executeOperation()` function), you will need to pay back the flash loaned NFTs with `flashFee` # Uniswap V3 LP NFT Wrapper {% hint style="info" %} **Uniswap V3 Wrapper** **Contract Addresses** Ethereum Mainnet: [0x2Ef97d5f5b55561f391EbFb3C8c277fFd7e34635](https://etherscan.io/address/0x2Ef97d5f5b55561f391EbFb3C8c277fFd7e34635) Rinkeby**:** [0xA38bcF5647F13e383669838B5BBdfd050dd330a7](https://rinkeby.etherscan.io/address/0xA38bcF5647F13e383669838B5BBdfd050dd330a7) Goerli: [0xfdE78EEC3e9511778B970fBafa2FCE3eBa1BF5e9](https://goerli.etherscan.io/address/0xfdE78EEC3e9511778B970fBafa2FCE3eBa1BF5e9) {% endhint %} ### Structure of NaftaWrapper First of all, NaftaWrapper is an ERC721 NFT itself, and also it should comply with `IFlashNFTReceiver` interface, so that Nafta contract can use it for Flashloans. A Wrapper should be able to `wrap` and `unwrap` the NFTs that are fed to it, and give back WrapperNFTs: ```jsx /// @notice Wraps Uniswap V3 NFT /// @param tokenId The ID of the uniswap nft (minted wrappedNFT will have the same ID) function wrap(uint256 tokenId) external { nftOwners[tokenId] = msg.sender; _safeMint(msg.sender, tokenId); IERC721(uniV3Address).safeTransferFrom(msg.sender, address(this), tokenId); } /// @notice Unwraps Uniswap V3 NFT /// @param tokenId The ID of the uniswap nft (minted wrappedNFT has the same ID) function unwrap(uint256 tokenId) external { require(nftOwners[tokenId] == msg.sender, "Only owner can unwrap NFT"); require(ownerOf(tokenId) == msg.sender, "You must hold wrapped NFT to unwrap"); _burn(tokenId); IERC721(uniV3Address).safeTransferFrom(address(this), msg.sender, tokenId); } ``` Notice we keep track of who wrapped the NFT with `nftOwners` - cause otherwise we wouldn’t know who can unwrap it (the `owner()` wouldn’t work here - cause when you flashLoan - you become an owner). Then we have our payload function, that allows some useful action on the wrapped NFT, in our case - the extraction of fees: ```jsx function extractUniswapFees(uint256 tokenId, address recipient) external { require(ownerOf(tokenId) == msg.sender, "Only holder of wrapper can extract fees"); INonfungiblePositionManager nonfungiblePositionManager = INonfungiblePositionManager(uniV3Address); // get required information about the UNI-V3 NFT position (, , address token0, address token1, , , , , , , , ) = nonfungiblePositionManager.positions(tokenId); INonfungiblePositionManager.CollectParams memory params = INonfungiblePositionManager.CollectParams({ tokenId: tokenId, recipient: recipient, amount0Max: type(uint128).max, amount1Max: type(uint128).max }); // collect the fee's from the NFT (uint256 amount0, uint256 amount1) = nonfungiblePositionManager.collect(params); emit FeesCollected(token0, amount0, token1, amount1); } ``` And finally, we have a standard `IFlashNFTReceiver.executeOperation()` function, that will be called by Nafta on any FlashLoan act: ```jsx /// @notice Handles Nafta flashloan to Extract UniswapV3 fees /// @dev This function is called by Nafta contract. /// @dev Nafta gives you the NFT and expects it back, so we need to approve it. /// @dev Also it expects feeInWeth fee paid - so should also be approved. /// @param nftAddress The address of NFT contract /// @param nftId The address of NFT contract /// @param msgSender address of the account calling the contract /// @param data optional calldata passed into the function optional /// @return returns a boolean true on success function executeOperation( address nftAddress, uint256 nftId, uint256 feeInWeth, address msgSender, bytes calldata data ) external override returns (bool) { emit ExecuteCalled(nftAddress, nftId, feeInWeth, msgSender, data); require(nftAddress == address(this), "Only Wrapped UNIV3 NFTs are supported"); // do the uniswap fee extraction thing this.extractUniswapFees(nftId, msgSender); // Approve NFT back to Nafta to return it this.approve(msg.sender, nftId); return true; } ``` And that’s it! As a bonus and as a UX convenience feature, we also have combined `wrapAndAddToNafta()` and `unwrapAndRemoveFromNafta()` functions that save our users the count of transactions they have to make by automatically adding the wrapped NFT to Nafta Pool (or removing it and unwrapping). This is not a requirement, but for sure a nice addition. # Long Term Rent This feature allows you to rent out NFTs for longer period of time and join this marketplace without a hard commitment to purchase for the long-term . #### How Renting in Nafta works: * the owner of an NFT pools it with the Oiler Nafta pool and specifies the following : the **borrowing rate** (per block) & the maximum **borrowing period** * when the new owner rents this NFT but the ownership is not transferred from the pool to the new owner — instead they only get a flash-ownership: * they receive a wrapper NFT representing the borrowed asset (which they can trade, transferring the flash-ownership) * they become the only address that is allowed to flash-loan the asset from the pool (even the owner cannot) * in all the active ownership cases the NFT behaves like it was owned by the flash-owner # Contract Functions #### `addNFT (nftAddress, nftId, flashFee, pricePerBlock, maxLongtermBlocks)` Add your NFT to the pool #### Parameters * address **nftAddress**: *The address of NFT contract* * uint256 **nftId**: *ID of the NFT token you want to add* * uint256 **flashFee**: *The fee user has to pay for a single rent (in WETH9) \[Range: 0-4722.36648 ETH]* * uint256 **pricePerBlock**: *If renting longterm - this is the price per block (0 if not renting longterm) \[Range: 0-4722.36648 ETH]* * uint256 **maxLongtermBlocks**: *Maximum amount of blocks for longterm rent \[Range: 0-16777216]* #### `editNFT (`**`nftAddress`**`,`` `**`nftId`**`, f`**`lashFee`**`,`` `**`pricePerBlock`**`,`` `**`maxLongtermBlocks`**`)` Edit your NFT prices #### **Parameters** * address **`nftAddress`**: *The address of NFT contract* * uint256 **`nftId`**: *ID of the NFT token you have in the pool* * uint256 **`flashFee`**: *The fee user has to pay for a single rent (in WETH9) \[Range: 0-4722.36648 ETH]* * uint256 **`pricePerBlock`**: *If renting longterm - this is the price per block (0 if not renting longterm) \[Range: 0-4722.36648 ETH]* * uint256 **`maxLongtermBlocks`**: *Maximum amount of blocks for longterm rent \[Range: 0-16777216]* #### `removeNFT (nftAddress, nftId)` Remove your NFT from the pool #### **Parameters** * address **`nftAddress`**: *The address of NFT contract* * uint256 **`nftId`**: *ID of the NFT token you want to remove* #### #### `withdrawEarnings ()` Withdraw your earnings #### **Parameters** No parameters. Withdraws for msg.sender #### `flashloan (nftAddress, nftId, maxLoanPrice, receiverAddress, data)` Execute a Flashloan of NFT #### Parameters * address **`nftAddress`**: *The address of NFT contract* * uint256 **`nftId`**: *ID of the NFT token you want to flashloan* * uint256 **`maxLoanPrice`**: *Price the user is willing to pay for the flashloan* * address **`receiverAddress`**: *the contract that will receive the NFT (has to implement INFTFlashLoanReceiver interface)* * bytes **`data`**: *calldata that will be passed to the receiver contract (optional)* #### `lendLong (nftAddress, nftId, maxPricePerBlock, receiverAddress, blocks)` Buy a longterm rent for any NFT and don't pay any fees for each flashloan() use. Nobody else will be able to use it while your rent lasts (even the original owner!) #### Parameters * address **`nftAddress`**: *The address of NFT contract* * uint256 **`nftId`**: *ID of the NFT token you want to rent* * uint256 **`maxPricePerBlock`**: *Price the user is willing to pay per block for renting the NFT* * address **`receiverAddress`**: *Who will receive the longterm rent BorrowerNFT* * uint256 **`blocks`**: *How many blocks you want to rent (price is calculated per-block)* # Terms of Service Last Updated: April 7, 2022 These Terms of Service (these “**Terms**”) govern your access to and use of the NAFTA website available at [https://www.nafta.market](https://www.google.com/url?q=https://www.nafta.market\&sa=D\&source=editors\&ust=1649348068077725\&usg=AOvVaw0k_IxFH0hy6GKjr3ZKKK0a) (the “**Website**”) and NAFTA Application (App) accessible at [https://www.nafta.market/app](https://www.google.com/url?q=https://www.nafta.market/app\&sa=D\&source=editors\&ust=1649348068078016\&usg=AOvVaw07BfroRUh4_MB38NJ8dgqb) (the “**App**”, and collectively with the Website, the “**Platform**”). The Platform is provided by Oiler DeFi Ltd., a company established under the laws of the British Virgin Islands, having a registered office located at Jayla Place, 2nd Floor, Road Town, Tortola, British Virgin Islands VG1110 (“**we**”, “**us**”, “**our**” or “**Oiler**”) to be primarily used as a web-based interface to access and use NAFTA Protocol (as defined below) in a user-friendly and easily comprehensible manner. By accessing or using the Platform, connecting your Digital Wallet (as defined below) to the App, or by clicking the button “I accept” or respective check box in connection with or relating to these Terms, you (“**you**”, “**your**”) acknowledge that you have read, accept without modifications and agree to be bound by these Terms and all terms incorporated herein by reference, which form a legally binding agreement between you and us. If you do not accept or agree to these Terms, you are not allowed to access or use the Platform, and must immediately discontinue any use thereof. If you are acting for or on behalf of an entity, you hereby represent and warrant that you are authorised to accept these Terms and enter into a binding agreement with us on such entity’s behalf, and you accept these Terms both on behalf of such entity and on your own behalf. Please read these Terms carefully as they affect your obligations and legal rights. Note that Sections 22 and 23 contain provisions governing the choice of law, arbitration terms, and class action waiver. Please read and review Sections 15, 16, 17 carefully before accepting these Terms as they provide for the limitation of liability, your obligations to indemnify Oiler Parties, and contain disclaimer of warranties with regard to the Platform and related software. **1. DEFINITIONS** In these Terms, unless the context requires otherwise, the terms shall have the following meaning: “**Affiliate**” means a person controlling, controlled by, or under the same control with Oiler. “**App**” has the meaning provided in the preamble of these Terms. “**Communications**” means any communications, agreements, documents, receipts, notices, and disclosures related to these Terms. “**Digital Assets**” means cryptocurrencies and other cryptographic tokens of any kind, such as, for example, USD Coin (USDC), Ether (ETH), etc. “**Digital Items**” means any virtual assets, such as, for example, various non-fungible tokens (NFT), as may be made available to you by third parties, including other users, through the NAFTA Protocol. “**Digital Wallet**” means a pair of public and private cryptographic keys which can be used to track ownership of, receive or spend Digital Assets. A Digital Wallet usually has a public address associated with it. “**Dispute**” means any dispute, claim, suit, action, causes of action, demand, or proceeding. “**Documentation**” means documentation, information, and other materials relating to the Platform or NAFTA Protocol published by us or on our behalf, regardless of whether made available on the Platform or otherwise. “**LCIA**” means the London Court of International Arbitration. “**Licence**” has the meaning provided in Section 6 of these Terms. “**NAFTA Protocol**” has the meaning provided in Section 3 of these Terms. “**Notice**” means a written notice of your claim to any of the Oiler Parties. “**Oiler**”, “**we**”, “**us**” shall have the meaning provided in the preamble of these Terms. “**Oiler Parties**” means Oiler, its Affiliates, their respective shareholders, directors, officers, employees, agents, advisors, contractors, and assignees. “**Open-Source Licences**” means licences under which open-source software, materials, components, and items are distributed. “**Platform**” means the Website and App, as defined in the preamble of these Terms, including related software, applications and components provided by the Company. It is expressly acknowledged that the Platform does not include the NAFTA Protocol, Third-Party Content, Third-Party Services, Digital Assets, and Digital Items that we neither control nor operate. “**Terms**” means these Terms of Service. “**Third-Party Content**” means any content, information, materials and items provided by third parties or produced from third-party sources, including (i) Digitals Items, (ii) the description of, links to or elements of the Third-Party Services, (iii) promotional materials and advertisements, other third-party materials and data, (iv) third-party websites and resources, and links thereto, and (v) any information produced or derived from third-party sources, including information about the value and price of Digital Assets, exchange rates between Digital Assets, information about circulating supply, total value locked and other similar data pertaining to any Digital Assets, not limited to the above. “**Third-Party Costs**” means any costs, fees or expenses that are charged by third parties, including, for example, the Ethereum or other blockchains gas costs, fees related to or charged by Third-Party Services etc. “**Third-Party Services**” means any third-party software, services, items, and solutions, including software wallets, blockchain liquidity pools (such as, for illustration purposes only, Uniswap liquidity pools), as well as third-party mining and yield farming pools and initiatives. “**User Generated Content**” means any information, materials, or content posted, created, or furnished by the users of the Platform or any person other than Oiler, including through the Platform. The User Generated Content shall not include the Digital Items. “**Website**” has the meaning provided in the preamble of these Terms. “**you**”, “**your**” means the person who accepts these Terms; if you are acting on behalf of an entity, “**your**” and “**you**” shall refer to both you as an individual using the Website and/or Platform, and the entity on whose behalf you are acting. The term “rent”, “rent out”, and other similar terms, as may be used herein or on the Platform, 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 decentralised smart-contract system and the discretionary performance of traditional off-chain transactions by people. When the App is used to access the NAFTA Protocol, there are no legal agreements, promises of payment, or courts of law, and therefore there are no rents or other traditional transactions involved. **2. MODIFICATION** We may modify, supplement or update these Terms from time to time at our sole discretion. If we make changes to these Terms, we will notify you of such changes by updating these Terms and the “Last Updated” date at the top of this document. We may further (but will not be obligated to) provide an additional notification of the amendment via one of the communication channels specified in Section 24 of these Terms. Unless otherwise notified by us, updated Terms shall be effective immediately, and your continued use of the Platform will confirm the acceptance of such updated Terms. If you do not agree to any amended Terms, you must immediately discontinue any access to or use of the Platform. **3. APP** The App allows you to access and utilise functionality of the NAFTA protocol, which is essentially a set of smart-contracts implemented on Ethereum blockchain or other blockchain networks that facilitate certain on-chain transactions between the users involving various Digital Items (the “NAFTA Protocol”). It is further expressly acknowledged that we do not operate the NAFTA Protocol. More detailed description of the App and NAFTA Protocol is provided in the Documentation, which does not form a part of these Terms and is provided for the information purposes only. The NAFTA Protocol is composed of open-sourced smart-contracts deployed on the blockchain network(s) that operate in a decentralised and autonomous manner. These smart-contacts can be reviewed, verified, used, copied, modified, and distributed by anyone (subject to the terms of the applicable licence). Accordingly, there might be other interfaces enabling interaction with the NAFTA Protocol that we neither control nor are affiliated with. Furthermore, anyone can interact directly with the NAFTA Protocol bypassing the App and other interfaces. You should carefully and thoroughly review and assess the NAFTA Protocol and related software before you use them, and any such use shall be at your own risk. You should always do your own research. You further acknowledge that we do not control the NAFTA Protocol, its underlying blockchain network(s), and any software through which such networks are formed. Accordingly, in no event shall we be responsible for or held liable in connection with the NAFTA Protocol, underlying blockchain networks or software, their operation, functioning, implementation, or use, and you hereby assume and accept any and all related risks, including the risk of possible losses and damages that you may incur in connection with the use thereof. **4. CONNECTING DIGITAL WALLET** When using the App, you may connect your Digital Wallet through one of the compatible third-party software wallets, such as, for illustration purposes only, MetaMask, TrustWallet, WalletConnect or similar software. Digital Wallets constitute Third-Party Services and we are not responsible for, do not endorse, shall not be held liable or responsible in connection with, and do not make any warranties, whether express or implied, as to the software digital wallets used by you with the App. When using Digital Wallets, you should review applicable terms and policies that govern your use thereof. We never receive access to or control over your Digital Wallets or Digital Assets held in such Digital Wallets. Therefore, you are solely responsible for securing your Digital Assets, Digital Wallet and credentials thereto. You may disconnect your Digital Wallet from the App at any time. **5. ELIGIBILITY** To be eligible to access and use the App, you must: 1. be able to form a legally binding agreement with us on terms herein set forth; 2. if individual, be at least 18 (eighteen) years of age, or of such higher age required to enter into a binding agreement with us on the terms set out herein according to the laws of the jurisdiction where you reside; and 3. comply with these Terms. **6. LICENCE** Subject to your compliance with these Terms, we hereby grant you a limited, temporary, non-transferable, non-exclusive, revocable, non-sublicensable licence (right) to access and use the Platform for its intended purposes on the terms set forth herein (the “Licence”). The Licence will remain effective until terminated on the terms contained herein. To the extent that certain items or components of the Platform are being distributed under an Open-Source Licence, such items and components will not be covered by the Licence granted hereunder and will be provided to you under the terms and conditions of the applicable Open-Source Licence. The Licence granted hereunder shall terminate and cease upon the occurrence of any of the following events: 1. these Terms terminate or expire; 2. you violate these Terms; 3. we choose to terminate the Licence at our sole and absolute discretion, with or without reason. Your access and use of the Platform shall not violate the terms of the Licence and/or Open-Source Licences, if and as applicable. **7. DISCLAIMERS** You hereby acknowledge and agree that we do not provide any custodial or similar services, custodial solutions or software, does not act as your agent or representative, and does not control, manage or custody any of your Digital Assets or Digital Wallets. We shall not be responsible for or held liable in connection with any operations carried out by you, any other user or group of users through or with the use of the NAFTA Protocol, whether through the App or otherwise, including any transfer, delivery, use, or storing of Digital Assets or Digital Items. We shall not be acting as an intermediary in any transaction nor shall we be responsible for ensuring that any transaction made through the App or otherwise on a blockchain network is actually completed or performed. We do not control or influence transactions with Digital Assets or Digital Items, and therefore we are unable to cancel, reverse, block, or freeze any transactions conducted by you or any other user of the App. We do not provide any representations or warranties with respect to the Digital Assets or Digital Items. You acknowledge and agree that the Digital Assets or Digital items may not (i) fit for a particular purpose, (ii) meet your expectations, or (iii) have any value. We are not your broker, fund manager, or any intermediary to any broker or fund manager. Neither the App nor the NAFTA Protocol or anything in these Terms shall be considered as broker and/or fund management services, or any intermediation services thereto. Neither we nor any part of the Platform provide financial advisory, legal, regulatory, or tax services directly, indirectly, implicitly, or in any other manner, and you should not consider any information contained in these Terms, on the Platform or in the Documentation to be a substitute for professional financial, legal, regulatory, tax, or other advice. You shall not rely upon the data displayed in the App or provided in the Documentation when taking any decision, and shall conduct your own independent investigation and research before making any transaction involving the Digital Assets. The Platform, including any information and materials available thereon, is not intended to constitute an offer of securities, financial instruments, Digital Assets, Digital Items, or a solicitation for investment in or purchase of securities, financial instruments, Digital Assets, or Digital Items in any jurisdiction, nor is it intended to constitute a prospectus or offer document of any type. We do not provide any opinion or any advice to purchase, sell, or otherwise transact with Digital Assets, and nothing communicated by us shall form the basis of, or be relied upon in connection with, any contract or investment decision. Please consult your own legal or financial advisor before making any decision. **8. WARRANTIES AND REPRESENTATIONS** You represent and warrant to us that: 1. you have sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with Digital Items, Digital Assets, Digital Asset storage facilities, including digital wallets, distributed ledger technology, blockchain-based software, liquidity pools and decentralised finance (DeFi) in general; 2. you have sufficient understanding of NFTs and related instruments; 3. any Digital Wallet used by you with or within the Platform is either owned by you, or that you are validly authorised to carry out actions using such Digital Wallet; 4. any funds, Digital Assets, or Digital Items used by you within the Platform are from legitimate sources and were lawfully acquired; 5. you are not subject to any sanctions administered or enforced by any country, government or international authority nor are you resident or established (in the case of a corporate entity) in a country or territory that is subject to a country-wide or territory-wide sanction imposed by any country or government or international authority; 6. you shall be solely responsible for all and any operations and transactions with Digital Assets carried out via the Platform; 7. you acknowledge and agree that we do not act as your agent or fiduciary, and that we do not control or custody your Digital Assets, Digital Items, or funds in any manner; 8. if you are acting for or on behalf of an entity, such entity is duly incorporated, registered, validly existing and in good standing under the applicable laws of the jurisdiction in which the entity is established, and in each jurisdiction where it conducts business; 9. accessing and/or using the Platform is not unlawful or prohibited under the laws of your jurisdiction or under the laws of any other jurisdiction to which you may be subject, and your access to and use of the Platform shall be in full compliance with applicable laws; 10. you will comply with any applicable tax obligations in your jurisdiction arising from your acquisition, storage, sale, rent, or transfer of Digital Assets, Digital Items, or another use of the Platform; 11. you understand that purchasing, selling, and holding Digital Assets carries substantial risk as the prices may change rapidly, and that you should obtain appropriate professional advice before making any decision; 12. you shall not make any decisions based solely on the information available on the Platform or otherwise made available by us, including the Documentation, and shall conduct your own substantial research and analysis before making any decision; 13. your use of information available on the Platform or otherwise provided by us, including the Documentation, is at your own risk, and that nothing contained on the Platform shall be deemed a guarantee or promise that such information is true or correct, that you will receive any profit or benefit, or that any transaction via the Platform will be beneficial or suitable for you; 14. all of the above representations and warranties are true, complete, accurate, and non-misleading from the time when you accept these Terms, and for the whole period of your use of the Platform. **9. PROHIBITED USE** You agree that you shall not conduct or participate in any of the following activities when accessing or using the Platform, or in connection with such access or use: 1. disrupting, interfering with, or inhibiting other users from using the Platform, or carry out activities that could disable, impair, or harm the functioning of the Platform or servers, or underlying software; 2. posting, uploading, or submitting any content, including Digital Items, that is illegal, infringing, harmful, offensive, or inappropriate (the final decision on whether the content is appropriate shall be taken by us in our sole opinion and discretion); 3. using the Platform or underlying software for any illegal purposes, including, but not limited to, terrorism financing or money laundering; 4. circumventing or attempting to circumvent any access or functionality restrictions or limitations with respect to the Platform or underlying software, using malware, harmful code or software, undertake hacker attack or similar activities; 5. use the Platform or related information for any purpose that is harmful or detrimental to us, Affiliates, the Platform, or the users of the Platform; 6. violating any rights of any third person, including trademark or intellectual property rights; 7. carrying out fraudulent activities, providing any false, inaccurate, or misleading information in order to unlawfully obtain Digital Assets, Digital Items, or property of other users or third persons; 8. copying, reproducing, or cloning the Platform as a whole, or duplicating its essential elements, or creating derivative works from the Platform without our prior written consent; 9. carrying out any other unlawful activities, or activities that violate any applicable regulations, rules, orders, etc. **10. THIRD-PARTY CONTENT** When using the Platform, you may view or interact with the Third-Party Content. We are not responsible for and shall not be held liable in connection with, and do not make any warranties, whether express or implied, as to the Third-Party Content, do not endorse and are not responsible for any such Third-Party Content, as well as any information, materials, content, services or tools on or available through such Third-Party Content. You hereby affirm and acknowledge that your use of Third-Party Content, and your interactions with third parties that are linked to or from the Platform, is at your own risk. To the maximum extent permitted by the applicable law, in no event shall we be responsible for or held liable in connection with any loss or damage of any sort incurred by you as the result of, or in connection with accessing or using any Third-Party Content. **11. USER GENERATED CONTENT** You may be allowed to post, create, or furnish User Generated Content through the Platform. If you post, create, or provide any User Generated Content, you must ensure that such content at all times is true, accurate, complete, and up to date, and that such content does not violate the law or any rights of third parties. By creating or providing any User Generated Content you warrant that you own all intellectual property rights in and to such content or otherwise have the right to use the content in such a manner, and that such content does not violate any rights of third parties or laws. You shall be solely liable and responsible for your User Generated Content. We do not immediately review all User Generated Content nor do we have such an opportunity. We do not undertake any obligations in respect to the User Generated Content, e.g., obligation to review or post such content, or obligations of confidentiality. At all times, we retain the right to remove any User Generated Content without any prior notice or liability in case we, at our sole discretion, determine that such content is offensive, unacceptable, may harm us or violate these Terms, any laws or public order. We may use, reproduce, disclose, make publicly available and otherwise exploit any of your comments, suggestions, recommendations or other feedback provided in connection with or relating to the Platform, our other products and services throughout the world in its sole discretion, without restrictions or any obligations to you. By creating User Generated Content on the Platform, you grant us a non-exclusive, irrevocable, royalty free, perpetual, fully paid up, worldwide licence (right) to use, copy, edit, reproduce, translate, publicly display and perform, distribute, create derivative works from your User Generated Content and the right to assign these rights to third parties in whole or in part. **12. UPDATES, AVAILABILITY, AND ACCESS** We may from time to time and without prior notice make certain updates, improvements, or modifications to the Platform, including, but not limited to, updates to the underlying software, infrastructure, security protocols, technical configurations, functionality, financial structure, or service features, and we shall not be in any case held liable with respect to any such update. In certain cases, the Platform may be unavailable. The Platform may be inaccessible or inoperable from time to time for any reason, including, for example, equipment malfunctions, maintenance procedures or repairs, force majeure circumstances, disruptions, sophisticated hacker or malware attacks, and temporary or permanent unavailability of the underlying software or blockchain infrastructure, and/or unavailability of the respective Third-Party Services. In the aforementioned cases, the access or use of the Platform may be prevented or limited without notice. Generally, we are not going to terminate access to the Platform for any eligible person, the Platform is public. At the same time, availability and functionality of the Platform depend on various factors. We do not warrant or guarantee that the Platform will operate and/or be available at all times without disruption or interruption, or that it will be immune from unauthorised access, bug-, virus-, or error-free. We will make reasonable efforts to inform you if, when, and to which extent the Platform or any of its parts are or will be unavailable. We may, at our sole and absolute discretion, limit, suspend or restrict access to the Platform or any of its components for persons who reside or are located in specific jurisdictions or territories, including in accordance with our internal risk management policies, due to legal uncertainty, or for other reasons. You hereby agree to comply with such limitations and not to circumvent or bypass them in any way. You hereby agree that we may install and utilise certain software, solutions and/or tools (for example, geo-blocking solutions) allowing us to identify users from certain restricted jurisdictions, or those who have violated these Terms or the laws, and restrict their access to and use of the Platform. We may restrict or suspend your access to and/or use of the Platform, any of our products or services and related software with immediate effect and without notification if (i) we, acting at our sole discretion, determine that you have violated these Terms, applicable laws or regulations, (ii) you or your actions create possible legal exposure for us. We may, at any time and at our sole and absolute discretion, without prior notice and liability, terminate or discontinue the Platform or any of its components. **13. PROPRIETARY RIGHTS** The Platform may contain names of services and products, logos, trademarks and other marks which are owned by us, Affiliates, or applicable licensors. You do not receive any rights, title, or interest in or to such names, logos, trademarks, and other marks, and we, Affiliates, and respective licensors reserve the right to prohibit any use of such names, logos, trademarks, and other marks at any time. You may not obscure, remove or alter any marks or notices displayed in the Platform. Any rights not expressly granted to you under the Licence and/or applicable Open-Source Licences are reserved by us, respective Affiliates, and/or other rights holders. Certain components used in the Platform may be distributed under the Open-Source Licences, the terms of which shall be made available to you, and you agree to abide by and comply with the terms of such Open-Source Licences, if applicable. Subject to the foregoing sentence, the Platform, including its elements and components, may not be copied, reproduced or imitated, in whole or in part, without our prior written permission. **14. NO ADVICE** No part of the information or content available on the Platform should be considered to be business, legal, financial, investment, or tax advice, or advice of a broker regarding any matters to which all or any part of such information relates. You should consult your own legal, financial, tax, or other professional advisor regarding this information. We shall not be responsible for the accuracy, completeness or timeliness of the information and materials contained on the Platform and in the Documentation, therefore any use of or reliance upon such information and materials will always be at your own discretion and risk, and you shall be solely responsible for any possible damages or losses arising therefrom. **15. NO WARRANTY** The Platform and NAFTA Protocol are provided on an “as is” and “as available” basis. Your use of the Platform and NAFTA Protocol will always be at your own risk. We make no warranty of any kind, express or implied, including, but not limited to, the implied warranties of title, non-infringement, integration, merchantability, and fitness for a particular purpose, and any warranties implied by any course of performance or usage of trade, with respect to the Platform and NAFTA Protocol, all of which are expressly disclaimed. We do not warrant, whether expressly or impliedly, and hereby expressly disclaim any warranty and/or representation that: 1. the Platform and NAFTA Protocol will work as expected, or that any information provided through the Platform or otherwise communicated in connection with the Platform and its operation, including the information displayed in the Documentation, App, and data relating to Digital Items, will be timely, accurate, reliable, true or correct; 2. the Platform and NAFTA Protocol will be secure or available at any particular time or place, or will continue working, operating or functioning for any period of time; 3. any defects or errors in the Platform or NAFTA Protocol will be corrected; or 4. the Platform and NAFTA Protocol will be free of viruses, bugs, trojan horses, defects, flaws, malfunctions, or other harmful components, or properly protected from hacker, malware or other attacks, or third-party hostile interferences. **16. WAIVER OF FIDUCIARY DUTIES** The Platform, these Terms or any other our service or product are not intended to create or impose any fiduciary duty on us with respect to you. Notwithstanding anything to the contrary contained in these Terms, to the maximum extent permitted by the applicable law, we shall owe no fiduciary duties to you, provided, however, that we shall have the duty to act in accordance with these Terms and the implied contractual covenant of good faith and fair dealing to the extent required by the law. **17. LIMITATION OF LIABILITY** To the maximum extent permitted under the applicable law, in no event shall: 1. Oiler Parties be liable or responsible for any indirect, special, punitive, exemplary, incidental, or consequential damages of any kind, nor shall they be liable for the loss of goodwill, loss of profits (including expected), loss of data, diminution of value, and business interruption arising out of or in connection with these Terms or their violation, the use or inability to use the Platform or NAFTA Protocol, and/or the failure of the Platform or NAFTA Protocol to perform as represented or expected, whether based upon breach of warranty or contract, negligence, strict liability, tort, or any other legal theory, regardless of whether any of Oiler Parties have been advised of the possibility of such damages; 2. Oiler’s or Affiliates’ respective officers, directors, employees, consultants and shareholders be held personally liable in connection with these Terms or their violation, or the use or inability to use the Platform or NAFTA Protocol, provided that this item “(ii)” shall not limit our liability as an entity; 3. Oiler Parties be liable for any damages or losses arising in connection with a hacker attack, phishing attack, malware attack, viruses, or trojan horses, whether affecting or transmitted via the Platform, the NAFTA Protocol or otherwise, or any other unauthorised third-party intervention in the operation of the Platform or NAFTA Protocol; 4. Oiler Parties be responsible or liable for or in connection with inaccuracies of content or information provided on or in connection with the Platform, Documentation, displayed in the App, or third persons’ conduct; 5. Oiler Parties be responsible or liable for or in connection with the NAFTA Protocol or any Third-Party Content; 6. the aggregate liability of Oiler Parties to you for all damages and losses whatsoever arising out of or in connection with these Terms, their undue performance or violation, use or inability to use the Platform and/or NAFTA Protocol exceed US $10,000 (ten thousand U.S. dollars). You shall not, and to the maximum extent permitted under the law hereby waive any right to, seek to recover the damages listed above in this Section 17 from Oiler Parties and/or persons specified above. Inasmuch as some jurisdictions do not allow the exclusions or limitations as set forth herein, the above exclusions and limitations shall apply to the maximum extent permitted by the applicable law. This Section 17 does not limit our liability arising from fraud, intentional misconduct, or gross negligence. **18. INDEMNIFICATION** To the fullest extent permitted under the applicable law, you shall indemnify, defend, and hold harmless Oiler Parties from and against any and all claims, demands, actions, damages, losses, costs, and expenses (including reasonable professional and legal fees) that arise from or relate to (i) your violation of these Terms, including making untrue or false representations or warranties, (ii) your access to or use of the Platform, and (iii) exercising, enforcing, or preserving our rights, powers or remedies (or considering doing so) with respect to you in connection with these Terms. We reserve the right to exercise sole control over the defence, at your sole cost and expense, of any claim subject to an indemnity set out in this Section 18. The indemnity set out in this Section 18 is in addition to, and not in lieu of, any other remedies that may be available to us under the applicable law. **19. FORCE MAJEURE** We shall not be liable or responsible for (i) any inaccuracy, error, delay in, or omission of any information, or the transmission or delivery of information; (ii) any loss or damage arising from any event beyond our reasonable control, including but not limited to flood, extraordinary weather conditions, earthquake, or other act of God, fire, declared and undeclared war, military operation or invasion, epidemic, pandemic, insurrection, riot, labour dispute, accident, action of government, court, regulatory or other authorities, including the issuance of cease and desist orders, communications failure, hacker attacks, malware attacks, software weaknesses, malfunctions, 51% attacks or similar attacks, power failure, equipment or software malfunction or error, theft or loss of Digital Assets held in the NAFTA Protocol, or any other cause beyond our reasonable control. **20. ASSOCIATED COSTS** We may charge certain fees for the use of the App. Furthermore, when you conduct transactions through the App certain Third-Party Costs may arise. You shall bear all such Third-party Costs associated with transactions that you carry out through the App. We are not responsible for any Third-Party Costs and shall not be in any way liable thereto. We will make commercially reasonable efforts to demonstrate to you the fees arising from the transactions made through the App, however, you should independently verify this information and we do not warrant that the provided information will be correct. **21. RISK DISCLOSURE STATEMENT** By accepting these Terms, you hereby warrant that you have read, understood, and acknowledged the risks set out in our [Risk Disclosure Statement](https://docs.oiler.network/oiler-network/products/nafta/risk-disclosure-statement). You hereby acknowledge, accept, and assume the risks set out in the risk disclosure statement and represent that Oiler Parties shall not be held liable or responsible for any damages or losses arising from or in connection with such risks. **22. APPLICABLE LAW** These Terms, as well as any and all relationship between you and us relating to the Platform or any transaction contemplated in these Terms shall be governed by and construed and enforced in accordance with the laws of England and Wales, without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction. The United Nations Convention on Contracts for the International Sale of Goods shall not apply to these Terms. **23. DISPUTES RESOLUTION** Except for any Disputes in which either party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Oiler hereby agree to settle and finally resolve any Dispute arising out of or in connection with these Terms or the Platform in binding arbitration and in accordance with this Section 23. Binding arbitration is the referral of a Dispute to a qualified person(s) who will review the Dispute and make a final and binding determination, by making an order, to resolve the Dispute. For any Dispute that you have against us or relating in any way to these Terms or the Platform, you shall first contact us and attempt to resolve the Dispute informally by sending a Notice to us by email at . The Notice must include your name, residence address, email address, and telephone number, describe the nature and basis of the Dispute and set forth the specific relief sought. If we and you cannot reach an agreement to resolve the Dispute within thirty (30) days after such Notice is received, then either party may submit the dispute to binding arbitration administered by the LCIA, in accordance with the terms set forth below. Any Disputes arising out of or in connection with these Terms or the Platform, including any question regarding the existence, validity, or termination of these Terms, shall be referred to and finally resolved by the binding arbitration under the London Court of International Arbitration Rules, which Rules are deemed to be incorporated by reference herein. Any arbitration will occur in London, UK. You will not and hereby waive your rights to object to the arbitration prescribed herein. Unless otherwise required by the applicable law, and to the maximum extent permitted and possible, you, Oiler, and the arbitrators shall maintain the confidentiality of any arbitration proceedings, judgments and awards, including, but not limited to, all information gathered, prepared and presented for purposes of the arbitration or related to the Disputes. Unless prohibited under the law, the arbitrator will have the authority to make appropriate rulings to safeguard confidentiality. Any Dispute arising out of or related to these Terms is personal to you and us and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action, or any other type of representative proceeding in any circumstances. There will be no class or other type or representative action, whether within or outside of arbitration where an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. To the maximum extent permitted under the law, you and we waive the rights to a jury trial, class action arbitration, and to have any Dispute resolved in court. To the maximum extent permitted under the law, you and we hereby agree that any claim arising out of or related to these Terms or the Platform shall be filed within one (1) year after the ground for such claim arose; if the claim is not filed within this term, such claim shall be permanently barred, which means that neither you, nor we will have the right to assert such claim. **24. COMMUNICATION** You agree and consent to receive electronically all Communications that we provide in connection with these Terms and the Platform. You agree that we may provide Communications to you by posting them on the Platform, on our [Twitter account](https://www.google.com/url?q=https://twitter.com/oilernetwork?lang%3Den\&sa=D\&source=editors\&ust=1649348068090796\&usg=AOvVaw2zMIoTCX_BFbx4kc8nV2bT), on our [Medium blog](https://www.google.com/url?q=https://medium.com/oiler-network\&sa=D\&source=editors\&ust=1649348068091066\&usg=AOvVaw08lg5cG7hMojiE9gzOKx1V) or in our Telegram channels available at [http://t.me/oilernetwork](https://www.google.com/url?q=http://t.me/oilernetwork\&sa=D\&source=editors\&ust=1649348068091216\&usg=AOvVaw1Ona-gwzBlyRyPvQ0oK_1j) and/or [http://t.me/oiler\_official](https://www.google.com/url?q=http://t.me/oiler_official\&sa=D\&source=editors\&ust=1649348068091395\&usg=AOvVaw0sX6EeUGfEmjSZKpO6ci7O), provided that only those postings shall be deemed to constitute Communication that are expressly marked as relating to these Terms. If you provide us your email address, we may (but will not be obliged to) send Communications to you by email. All Communications specified in this paragraph shall be deemed in writing, valid and of full legal force, and delivered to you on the day following the day when they are published. You may electronically communicate with us by sending Communications to the following email address . We may require you to provide additional data or documents that will allow us to identify you. **25. NO WAIVER** No failure or delay by Oiler to exercise any right or remedy provided under these Terms or by law shall constitute a waiver of that or any other right or remedy, nor shall it preclude or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy shall preclude or restrict the further exercise of that or any other right or remedy. **26. ENTIRE AGREEMENT** These Terms, together with any documents incorporated herein by reference, contain the entire agreement between you and us, and supersede all prior and contemporaneous understandings, writings, letters, statements or promises between you and us regarding the subject matters hereof. Unless otherwise expressly provided herein, there shall be no third-party beneficiaries hereto. **27. PERSONAL DATA** Please learn more about how we process your personal data in our [Privacy Notice](https://docs.oiler.network/oiler-network/products/nafta/privacy-notice). **28. SURVIVAL** Sections 15-19, 21-25, 27-32 shall survive any expiration or termination of your access to or use of the Platform, regardless of the reasons. **29. LANGUAGE** Currently, only the English version of any Communications is considered official. The English version shall prevail in case of differences in translation of any documents, Communications or other content. **30. ASSIGNABILITY** You shall not have the right to assign or transfer any rights or obligations under these Terms without our prior written consent. We may transfer or assign these Terms, including any rights and obligations hereunder (i) in connection with redomiciliation, corporate reorganisation, or (ii) to a successor or Affiliate, and no such transfer or assignment shall require your additional consent or approval. **31. VALIDITY AND ENFORCEABILITY** The invalidity or unenforceability of any provision or part-provision of these Terms shall not affect the validity or enforceability of any other provisions of these Terms, all of which shall remain in full force and effect. **32. INTERPRETATION** Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders; words in the singular shall include the plural and in the plural shall include the singular; any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms; Section headings do not affect the interpretation of these Terms. You hereby agree that a rule of construction does not apply to our disadvantage because we were responsible for the preparation of these Terms. # Privacy Notice Last Updated: April 7, 2022 The website available at [https://www.nafta.market](https://www.nafta.market/) (the “**Website**”) and the NAFTA App available at (the “**App**”, collectively with the Website, the “**Platform**”) are operated by Oiler DeFi Ltd. (“**we**”, “**our**”). With respect to personal data collected on the Platform we act as a data controller. In this Privacy Notice we explain how we collect and process your personal data. Personal data or personal information means any information directly or indirectly identifies you as an individual. We endeavour to process personal data in accordance with the applicable data protection legislation. If you have any questions regarding processing of your personal data, do not hesitate to contact us via the contact details provided below. **Contact details:** Name: Oiler DeFi Ltd., a British Virgin Islands company Address: Jayla Place, 2nd Floor, Road Town, Tortola, British Virgin Islands, VG1110 Email: **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 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 blockchain transactions made with the Address (“**Transactions**”), which, in certain circumstances, may be considered personal data. If the NAFTA Protocol is implemented on other blockchain networks, the references to “Address” and “Transaction” in this Privacy Notice shall be to all such Addresses and Transactions on all applicable blockchain networks. 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 Transactions. While processing the Address and Transactions we cannot identify you as an individual, therefore, this data is not personal. However, under the applicable data protection legislation if such data is combined with certain other data, it may be considered personal information. We will update this Privacy Notice once and if we are able to identify you as an individual. We may also collect certain data if you reach us via the contact details indicated on the Platform. In this case we may collect and process certain information related to your request, such as email address, name, or any other data you choose to provide us. **Cookies and similar technologies** The Platform does not use any analytical, marketing, statistical cookies or any other similar tracking technologies that are not necessary to run the Platform. If we start using cookies or similar tracking technologies that are not necessary for the functioning of the Platform, we will ask your prior consent. **How we use the information** We use the Address and information about Transactions to ensure the operation of the Platform and to enable you to use certain functionality of the Platform. If and to the extent that the Address and information about your Transactions are deemed personal data, the legal basis for the processing is the necessity for the performance of a contract between you and us. The purpose for processing your personal data when you contact us is to respond to your inquiry and the legal basis is legitimate interest to do the same. We do not sell your data. However, we may pass your information to our third-party service providers and subcontractors for the purposes of and if it is necessary to provide the Platform and related services to you. These service providers may include, for instance, support teams and hosting service providers. We may also disclose your data if we are under a duty to disclose or share your data in order to comply with a legal obligation. Please also consider the features of the blockchain data processing described below. **Your information and blockchain** Please note that the App interacts with blockchain-based software (smart-contracts) and information about your Address and Transactions can be recorded in the respective blockchain or otherwise used within the blockchain. Ethereum blockchain and other blockchain networks are immutable due to their nature, and are out of our control. This means that due to the structure of the blockchain certain data protection rights or abilities may be limited. It also means that your Address and Transactions are publicly available to any person who has access to the respective blockchain. Please be aware that any transaction within the blockchain is irreversible and information entered into blockchain 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 Platform 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 the Platform, we encourage you to read the privacy policy/notice/statement 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 ask us whether we process your personal data and, if we do process your data, you may request certain information about the processing activity and/or 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 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 affecting 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. 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 protection legislation. When interacting with a blockchain we may not be able to ensure that your personal data is deleted, corrected, or restricted. This is because the blockchain is a public decentralised network and blockchain technology does not generally allow for data to be deleted or changed and certain rights cannot be enforced. In these circumstances, we will only be able to exercise your rights with respect to the information that is stored on our servers and not on a blockchain. 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 network) 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 Platform is 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 personal data of children, and in case we receive such data, we will erase it within a reasonable timeframe. **Changes to this Privacy Notice** We keep our Privacy Notice under regular review and may update it at any time. If we make any changes to this document, we will change the “Last Updated” data above. Please review this Privacy Notice regularly. # Risk Disclosure Statement Last Updated: April 7, 2022 This Risk Disclosure Statement is a part of and to be read in conjunction with the [Terms of Service](https://docs.oiler.network/oiler-network/products/nafta/terms-of-service). Capitalised terms used in this Risk Disclosure Statement shall have the meanings assigned to them in the Terms of Service. Any access to or use of the NAFTA App available at (the “**App**”) shall be subject to your acceptance and assumption of the risks set out in this Risk Disclosure Statement. #### Risk of Software Weaknesses Although we make reasonable efforts to ensure that the App and related software provided by us follow the high-security standards, we do not warrant or represent that the App is secure or safe, or protected from fishing, malware, hacker or other malicious attacks. Further, the App and software provided by us may contain weaknesses, bugs, vulnerabilities, viruses or other defects which may have a material adverse effect on the operation of the App or may lead to losses and damages for you, other users of App or third persons. #### Risk Inherent in the Ethereum Blockchain The App relies on a set of autonomous smart-contract systems implemented on the Ethereum blockchain and other blockchain networks, as the case may be. As a result, any malfunction, breakdown or abandonment of the underlying blockchain may have a material adverse effect on the App. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the App and related blockchain software by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain on which they are implemented. The smart-contract concept and the underlying blockchain networks are still in an early development stage and unproven. Although it is very unlikely, the Ethereum blockchain and any other blockchain network can be attacked which may result in downtime, consensus split, long reorganisation of the chain, 51% attack or other adverse outcomes each of which may lead to complete loss of your virtual assets. #### Risk Inherent in Digital Items The App allows you to interact with the NAFTA Protocol that can be used to carry out certain transactions involving Digital Items. We do not provide any warranties or representations regarding the Digital Items. The Digital Items may not (i) perform as intended, (ii) meet your expectations, or (iii) have any value or utility. You shall independently verify any Digital Item and decide whether to transact with it #### Risk of Inaccurate Data The App derives certain information from the blockchain network(s) and related software in an automated manner, which means that such information is not verified or checked. As a result, such information can be incorrect, incomplete, untimely, inaccurate, or insufficient. No warranties are being made that any information provided through or in the App will be complete or accurate. #### Risk of Third Parties Acting Late Certain functions within the App or NAFTA Protocol may have to be executed by third parties, and there is always a risk that such third parties will not act in a timely or reliable manner, or as expected or intended, or may fail to act, which can lead to inaccessibility of the functionality of the NAFTA Protocol, or partial or complete loss of your respective Digital Assets. #### Risk of Flawed Logic of the App or NAFTA Protocol The underlying logic of the App and NAFTA Protocol may be flawed, defective or impaired, which can result in the software and smart-contracts operating incorrectly or not as expected, or transactions being executed in violation of logic which underpins the respective software and smart-contracts, which can lead to partial or complete loss of Digital Assets used in the transaction. **Risk of Confusing User Interface** Certain user interface elements or design decisions can be confusing or mislead you, which may result in the execution of a different action or transaction than intended or desired, or connection of a wrong wallet, account or network. #### Risk of Legal Uncertainty Our activities are subject to various laws and regulations in the countries where we operate or intend to operate. We might be obliged to obtain different licences or other permissive documents in some or all jurisdictions where we intend to operate our business, therefore, our business in such jurisdictions shall always be subject to obtaining such licences or permissive documents, if so directed by applicable laws. There is a risk that certain activities may be deemed in violation of any such law or regulation. Penalties for any such potential violation would be unknown. Additionally, changes in applicable laws or regulations or evolving interpretations of existing law could, in certain circumstances, result in increased compliance costs or capital expenditures, which could affect our ability to carry on the business model, develop and maintain the App. #### Risk of Theft We make a commercially reasonable effort to ensure that any transactions carried out via or on the App are secure. Notwithstanding the aforesaid, there is no assurance that there will be no theft of the Digital Assets as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, double-spent attacks, flash-loan attacks, vulnerabilities or defects of the App or related on-chain or off-chain software, of the Ethereum or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. Any of the above may lead to partial or complete steal or loss of Digital Assets used in transactions carried out through the App. #### Value and Volatility The prices of Digital Assets and Digital Items are extremely volatile and subjective, and Digital Assets and Digital Items may have no inherent or intrinsic value. Fluctuations in the price of other digital assets could materially and adversely affect the value of Digital Assets and Digital Items, which may also be subject to significant price volatility. We do not guarantee that any Digital Assets and Digital Items will retain their original value, as the value of Digital Assets and Digital Items depends on factors occurring outside of our control that may materially impact the value and desirability of any particular Digital Assets or Digital Items. # Legal Notice Last Updated: April 7, 2022 This Legal Notice (the “**Notice**”) is provided by Oiler DeFi Ltd. (collectively with its affiliates, “**we**”, “**our**”, “**us**” or “**Oiler**”). Any statements, announcements, and communications made by us, as well as any other information however communicated by us or on our behalf with respect to the NAFTA project, including NAFTA App and NAFTA protocol (collectively, the “**Information**”) are and shall be subject to the Notice below. Please read this Notice carefully before using, referring to, or relying upon any Information provided by us. #### Information on the Website Unless otherwise expressly stated to the contrary, Information and any data, content, and materials contained on our website available at [https://www.nafta.market](https://www.nafta.market/) (the “**Website**”, collectively with the Information, the “**Materials**”) are provided for informational and educational purposes only and nothing contained in the Materials constitutes a promise or representation. The Materials should not be relied upon, either wholly or partially, when making any decision. We do not warrant, guarantee or represent, whether expressly or impliedly, that the Materials are true, complete, timely, reliable, accurate, sufficient, non-infringing or fit for a particular purpose, and we will be under no obligation to update or fix such Materials. We shall not be responsible for the accuracy or completeness of the Materials; therefore, any use of such information is at your own discretion and risk, and you are solely responsible for any possible damages or losses arising from such use. You should always conduct your own independent research and thorough investigation. Nothing contained in the Materials constitutes an offer to sell, a recommendation or solicitation to buy, sell or hold Digital Assets, Digital Items or any other assets. Nothing in the Materials constitutes a recommendation or solicitation to use the NAFTA App, NAFTA protocol, or any related software, products or services. Always make sure to verify that the information that you believe is provided by us is posted or communicated by our authorised representatives The Materials may also include references to third-party data and industry publications. Although we believe that such data is accurate and reasonable, there are no assurances as to the accuracy or completeness of this data. We have not independently verified any of the data from third-party sources referred to in the Materials or ascertained the underlying assumptions relied upon by such sources. Any reference to such third-party data and industry publications does not imply our endorsement thereof. **Forward-Looking Statements** The Materials contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements other than statements of historical fact, are forward-looking statements. Any development plans and projections, business projections, future functionality and projected performance of the NAFTA App, NAFTA protocol, or Oiler, as well as prospects and the future prospects of any industry, are forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain or unknown. We can give no assurance that any forward-looking statements will prove to have been correct. Actual events, results or outcomes could differ materially from what is stated in the forward-looking statement, and you should not rely on any such forward-looking statement. These risks and uncertainties include the impact of economic, competitive, technical and other factors affecting NAFTA App, Oiler, or their operations, including, but not limited to, the following: development of science and technology, development of the industry in which we are in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of NAFTA App or related products, other business and market conditions. #### No Advice No part of the Materials should be considered to be business, legal, financial, investment, or tax advice, or advice of a broker regarding any matters to which all or any part of such information relates. You should consult your own legal, financial, tax, or other professional advisors regarding any such information. #### No Liability The Materials and Information are provided on an “as is” and “as available” basis, without warranty of any kind, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose and non-infringement. In no event shall we be liable for any claim, damages or other liability, whether in an action of contract, tort or otherwise, arising from, out of or in connection with the Materials or Information, or the use or other dealings in the Materials or Information. # Tokenomics Max total supply: 100,000,000 OIL [Etherscan](https://etherscan.io/token/0x0275E1001e293C46CFe158B3702AADe0B99f88a5) The following [Google Sheet](https://docs.google.com/spreadsheets/d/1cVj6oKcn2FjlwHwzRajKAQpd_MGoy8dyoDel1o-06tA/edit#gid=1286578144) is composed of the following sheets: * LBP Simulator * Allocation * Team Allocation over time # LBP Overview {% hint style="info" %} Oiler's [LBP address](https://pools.balancer.exchange/#/pool/0xB36C422F3f5b1dD9d9ae26f3C02771F7E765eBEc): {% endhint %} Oiler Network will add 1,775,000 [OIL](https://etherscan.io/token/0x0275E1001e293C46CFe158B3702AADe0B99f88a5) tokens (1.775% of total supply) to the [Balancer Liquidity Bootstrapping Pool](https://docs.balancer.finance/getting-started/faq#using-balancer-protocol) (LBP) at block #12381000 ([LBP start block](https://etherscan.io/block/countdown/12381000)). The LBP will end at block 12394000 ([End block](https://etherscan.io/block/countdown/12394000)). Oiler's LBP will last approximately 48 hours. The pool weights start with a 90:10 pool weight for the OIL/USDC pair and will follow its course to gradually shift to a 30:70 pool weight for the OIL/USDC pair. ### Survival guide to Oiler's LBP In the two following guides, users will understand [why Oiler's team decided to launch OIL through an LBP](https://medium.com/oiler-network/oilers-liquidity-bootstrapping-event-109398d94c4b) and [how to participate in the LBP](https://medium.com/oiler-network/step-by-step-guide-to-oilers-liquidity-bootstrapping-pool-on-balancer-4420d1c7707c). [LBP website](https://lbp.oiler.network/): ### What will Oiler's team do with the tokens? This article and any information contained in it is subject to the [**Legal Notice and Risk Disclosure Statement**](broken://pages/UoqfuRzATLBAEa5M3tW0). Please carefully review the Legal Notice as it contains important legal information, risk disclosure statement, limitations and restrictions relating to the information that we provide, third-party resources and forward-looking statements. The Oiler Token Liquidity Bootstrapping Event (the “LBP”) is a healthy token price discovery mechanism employed by Oiler. The LBP is not a token sale nor a token offering, and Oiler does not receive any proceeds from the LBP. Assets contributed to the LBP cannot be redeemed or withdrawn by Oiler. Upon completion of the LBP, the assets are technically routed to the Uniswap OIL-USDC pool, and will remain in the Uniswap pool indefinitely. # Contract Addresses {% hint style="success" %} **Token address:** [0x0275E1001e293C46CFe158B3702AADe0B99f88a5](https://etherscan.io/address/0x0275E1001e293C46CFe158B3702AADe0B99f88a5) **Uniswap Pool (LP Token):** [0x0e9c8107682ab88604b4fbf847eeeceacf38e9e6 ]() **Staking Contract:** [0xe546F8f17aff17C05dac9F9b4F9957f725fab087](https://etherscan.io/address/0xe546F8f17aff17C05dac9F9b4F9957f725fab087) {% endhint %} # Audit Oiler security audit report can be found on GitHub. **Oiler LBP Audit**\ \ \ **Oiler Vesting Audit**\ \ \ **Oiler Staking Audit**\ # FAQ ### **Where does the name come from?** > Oiler historically is a person working on an engine of an industrial mechanism. It is a tribute to hard working protocol engineers and builders. It is also a word play on oil (Ethereum gas), and Euler name. It combines tireless engineering work, gas trading and mathematics behind finance. > > — From the [Wikipedia](https://en.wikipedia.org/wiki/Oiler_\(occupation\)) # Links & Support {% hint style="success" %} Oiler Protocol has a dedicated L0 support team that will answer your questions on the protocol community channels and will redirect you to identify the appropriate person to answer more difficult questions {% endhint %} * Medium: * Twitter: * Discord: * Telegram: * GitHub: * LinkedIn: # Terms of Service **Last updated:** March 27, 2022 These Terms of Service (these “Terms”) govern your access to and use of the Oiler website available at (the “Website”) and Oiler Application (App) accessible at and , not limited to the above (the “Oiler Platform”, and collectively with the Website, the “Platform”). The Platform is provided by Oiler DeFi Ltd., a company established under the laws of the British Virgin Islands, having a registered office located at Jayla Place, 2nd Floor, Road Town, Tortola, British Virgin Islands VG1110 (“we”, “us”, “our” or “Oiler”) to be primarily used as a web-based interface to access and use the Protocol (as defined below) in a user-friendly and easily comprehensible manner. By accessing or using the Platform, connecting your Digital Wallet (as defined below) to the Oiler Platform, or by clicking the button “I accept” or respective check box in connection with or relating to these Terms, you (“you”, “your”) acknowledge that you have read, accept without modifications and agree to be bound by these Terms and all terms incorporated herein by reference, which form a legally binding agreement between you and Oiler. If you do not accept or agree to these Terms, you are not allowed to access or use the Platform, and must immediately discontinue any use thereof. If you are acting for or on behalf of an entity, you hereby represent and warrant that you are authorised to accept these Terms and enter into a binding agreement with Oiler on such entity’s behalf, and you accept these Terms both on behalf of such entity and on your own behalf. Please read these Terms carefully as they affect your obligations and legal rights. Note that Sections 24 and 25 contain provisions governing the choice of law, arbitration terms, and class action waiver. Please read and review Sections 17, 18 and 19 carefully before accepting these Terms as they provide for the limitation of liability, your obligations to indemnify Oiler Parties, and contain disclaimer of warranties with regard to the Platform and related software. **1. DEFINITIONS** In these Terms, unless the context requires otherwise, the terms shall have the following meaning: “Affiliate” means a person controlling, controlled by, or under the same control with Oiler. “Communications” means any letters, notices, messages, demands, requests or other communications which may be required, permitted or contemplated hereunder. “Digital Wallet” means a pair of public and private cryptographic keys which can be used to track ownership of, receive or spend Digital Assets. A Digital Wallet usually has a public address associated with it. “Dispute” means any dispute, controversy, claim, suit, action, cause of action, demand and/or proceeding. “LCIA” means the London Court of International Arbitration. “License” has the meaning provided in Section 12 of these Terms. “Oiler Parties” means Oiler, Affiliates, their respective shareholders, directors, officers, employees, agents, advisors, contractors, and assignees. “Oiler Platform” has the meaning provided in the preamble of these Terms. “Oiler”, “we”, “us”, “our” has the meaning provided in the preamble of these Terms. “Open-Source Licenses” means open source licenses that generally allow the software, other components and items to be freely used, modified and shared, and licenses that comply with the open source definition. “Platform” means the Website and Oiler Platform, as defined in the preamble of these Terms, including the software, applications and components related thereto. It is expressly acknowledged that the Platform does not include the Protocol that we neither control nor operate. “Protocol” has the meaning provided in Section 3 hereof. “Terms” means these Terms of Service. “Third-Party Content” means any content, information, materials and items provided by third parties or produced from third-party sources, including (i) the description of, links to or elements of the Third-Party Services, (ii) promotional materials and advertisements, other third-party materials and data, (iii) third-party websites and resources, and links thereto, and (iv) any information produced or derived from third-party sources, including information about the value and price of Digital Assets, exchange rates between Digital Assets, information about circulating supply, total value locked and other similar data pertaining to any Digital Assets, not limited to the above. “Third-Party Costs” means any costs, fees or expenses that are charged by third parties, including, for example, the Ethereum or other blockchains gas costs, fees related to or charged by Third-Party Services etc. “Third-Party Services” means any third-party software, services, items, and solutions, including software wallets, blockchain liquidity pools (such as, for illustration purposes only, Uniswap liquidity pools), as well as third-party mining and yield farming pools and initiatives. “User Generated Content” means any information, materials, or content posted, created, or furnished by the users of the Platform or any person other than Oiler, including through the Platform. “Digital Assets” means cryptocurrencies and other cryptographic tokens, such as, for example, USD Coin (USDC), Ether (ETH), etc. “Website” has the meaning provided in the preamble of these Terms. “you”, “your” means the person who accepts these Terms; if you are acting on behalf of an entity, “your” and “you” shall refer to both you as an individual using the Website and/or Platform, and the entity on whose behalf you are acting. **2. MODIFICATION** We may modify, supplement or update these Terms from time to time at our sole discretion. If we make changes to these Terms, we will notify you of such changes by updating these Terms and the “Last Updated” date at the top of this document. We may further (but will not be obligated to) provide an additional notification of the amendment via one of the communication channels specified in Section 26 of these Terms. Unless otherwise notified by Oiler, updated Terms shall be effective immediately, and your continued use of the Platform will confirm the acceptance of such updated Terms. If you do not agree to any amended Terms, you must immediately discontinue any access to or use of the Platform. **3. OILER PLATFORM** Oiler Platform is a web-based user interface that enables you to interact with the Protocol, which is a decentralised autonomous smart-contract system deployed on the Ethereum Virtual Machine-compatible blockchain network(s), such as the Ethereum main network, that allows for creating/writing and transferring particular on-chain derivatives and implementations thereof, and performing other protocol-related actions (the “Protocol”). It is further expressly acknowledged that we do not operate the Protocol. For more details concerning the Protocol, please refer to the information and materials available on the Website, including the documents section accessible at , which information and materials are provided for the information purposes only and do not form a part of these Terms. The Protocol is comprised of open-sourced smart-contracts deployed on the blockchain network(s) that operate in a decentralised and autonomous manner. These smart-contacts can be reviewed, verified, used, copied, modified, and distributed by anyone (subject to the terms of the applicable license). Accordingly, there might be other interfaces enabling interaction with the Protocol that we neither control nor are affiliated with. Furthermore, anyone can interact directly with the Protocol bypassing the Oiler Platform and other interfaces. You should carefully and thoroughly review and assess the Protocol and related software before you use them, and any such use shall be at your own risk. You should always do your own research. You further acknowledge that we do not control the Protocol, its underlying blockchain network(s), and any software through which such networks are formed. Accordingly, in no event shall Oiler be responsible for or held liable in connection with the Protocol, underlying blockchain networks or software, their operation, functioning, implementation, or use, and you hereby assume and accept any and all related risks, including the risk of possible losses and damages that you may incur in connection with the use thereof. **4. CONNECTING DIGITAL WALLET** When using the Platform, you may connect your Digital Wallet using one of the compatible third-party software wallets, such as, for illustration purposes only, MetaMask, TrustWallet, WalletConnect or similar software. Software wallets constitute Third-Party Services and Oiler is not responsible for, does not endorse, shall not be held liable or responsible in connection with, and does not make any warranties, whether express or implied, as to the software digital wallets used by you with the Platform. When using third-party software wallets, you should review applicable terms and policies that govern your use of such software wallets. Oiler never receives access to or control over your Digital Wallets or Digital Assets held in such Digital Wallets. Therefore, you are solely responsible for securing your Digital Wallet and credentials thereto. You may disconnect your Digital Wallet from the Platform at any time. **5. ELIGIBILITY** To be eligible to access and use the Platform, you must: (i) be able to form a legally binding agreement with Oiler on terms herein set forth; (ii) be at least 18 (eighteen) years of age if you are an individual, or of such higher age required to enter into a binding agreement with Oiler on the terms set out herein according to the laws of the jurisdiction where you reside; (iii) use the Platform for your business purposes only, and not as a consumer, and you hereby further agree and acknowledge that the Platform is available for your commercial use only. You are not allowed to enter into these Terms and use the Platform in your capacity as a consumer. **6. IMPORTANT DISCLAIMERS** You hereby acknowledge and agree that Oiler does not provide any custodial or similar services, custodial solutions or software, does not act as your agent or representative, and does not control, manage or custody any of your Digital Assets. Oiler shall not be responsible for or held liable in connection with any operations carried out by you, any other user or group of users through or with the use of the Protocol and/or the Platform, including any transfer, delivery, use, or storing of Digital Assets. Oiler shall not be acting as an intermediary in any transaction nor shall it be responsible for ensuring that any transaction made through the Platform or otherwise on the blockchain is actually completed or performed. Oiler does not control or influence transactions with Digital Assets, and therefore is unable to cancel, reverse, block, or freeze any transactions conducted by you or any other user of the Platform. Oiler is not your broker, fund manager, or any intermediary to any broker or fund manager. Neither the Platform nor the Protocol or anything in these Terms shall be considered as broker and/or fund management services, or any intermediation services thereto. Neither the Platform nor Oiler provides financial advisory, legal, regulatory, or tax services directly, indirectly, implicitly, or in any other manner, and you should not consider any information contained in these Terms or on the Platform, or content and materials otherwise provided by Oiler to be a substitute for professional financial, legal, regulatory, tax, or other advice. The Platform, including any information and materials available thereon, is not intended to constitute an offer of securities or Digital Assets, or a solicitation for investment in or purchase of securities or Digital Assets in any jurisdiction, nor is it intended to constitute a prospectus or offer document of any type. We do not provide any opinion or any advice to purchase, sell, or otherwise transact with Digital Assets, and nothing communicated by Oiler shall form the basis of, or be relied upon in connection with, any contract or investment decision. Please consult your own legal or financial advisor before making any decision. **7. WARRANTIES AND REPRESENTATIONS** You represent and warrant to Oiler that: (i) you have sufficient understanding of the functionality, usage, storage, transmission mechanisms and intricacies associated with Digital Assets, Digital Assets storage facilities, including Digital Wallets, software wallets, distributed ledger technology, blockchain-based software, liquidity pools, and decentralised finance (DeFi) in general; (ii) you access and use the Platform only for commercial (business) purposes, and you do not access or use the Platform as a consumer; (iii) any Digital Wallet used by you with or within the Platform is either owned by you, or that you are validly authorised to carry out transactions using such Digital Wallet; (iv) any funds or Digital Assets used by you to carry out transactions through the Platform are from legitimate sources and were lawfully acquired; (v) you are not subject to any sanctions administered or enforced by any country, government or international authority, are not designated on any list of prohibited or restricted persons nor are you resident or established (in the case of a corporate entity) in a country or territory that is subject to a country-wide or territory-wide sanction imposed by any country or government or international authority; (vi) you acknowledge that Oiler is not responsible for any transactions with Digital Assets carried out via the Platform, and for their consequences and outcomes; (vii) you understand and agree that Oiler does not act as your agent or fiduciary, and that Oiler does not control or custody your Digital Assets or funds in any manner; (viii) if you are acting for or on behalf of an entity, such entity is duly incorporated, registered, validly existing and in good standing under the applicable laws of the jurisdiction in which the entity is established, and in each jurisdiction where it conducts business; (ix) accessing and/or using the Platform is not unlawful or prohibited under the laws of your jurisdiction or under the laws of any other jurisdiction to which you may be subject, and your access to and use of the Platform shall be in full compliance with applicable laws; (x) you will comply with any applicable tax obligations in your jurisdiction arising from your acquisition, storage, sale, or transfer of Digital Assets, and any transactions carried out through the Platform; (xi) you understand that purchasing, selling, and holding Digital Assets carries substantial risk as the prices may change rapidly, and that you should obtain appropriate professional advice before making any decision; (xii) you shall not make any decisions based solely on the information available on or through the Platform, or data and materials otherwise made available by Oiler, and shall conduct your own substantial research and analysis before making any decision; (xiii) your use of information or materials made available on or through the Platform, or otherwise communicated by Oiler, shall be at your own risk, and that nothing contained on the Platform shall be deemed a guarantee or promise that such information is true or correct, that you will receive any profit or benefit, or that any transaction carried out via the Platform will be beneficial or suitable for you; (xiv) all of the above representations and warranties are true, complete, accurate, and non-misleading from the time when you accept these Terms, and for the whole period of your use of the Platform. **8. PROHIBITED USE** You agree that you shall not conduct or participate in any of the following activities when accessing or using the Platform, or in connection with such access or use: (i) disrupting, interfering with, or inhibiting other users from using the Platform, or carrying out activities that could disable, impair, or harm the functioning of the Platform; (ii) posting, uploading, or submitting any content that is illegal, infringing, harmful, offensive, or inappropriate (the final decision on whether the content is appropriate shall be taken by Oiler at its sole discretion); (iii) using the Platform for any illegal purposes, including, but not limited to, terrorism financing or money laundering; (iv) circumventing or attempting to circumvent any access or functionality restrictions or limitations with respect to the Platform, using malware, harmful code or software, undertake hacker attack or similar activities; (v) carrying out activities aimed at manipulating the market or Digital Assets prices, spoofing, or wash trading; (vi) violating any rights of any third person, including trademark or intellectual property rights; (vii) carrying out fraudulent activities, providing any false, inaccurate, or misleading information in order to unlawfully obtain Digital Assets or property of other users or third persons; (viii) copying, reproducing, or cloning the Platform, or duplicating its essential elements, or creating derivative works based on the Platform or its elements without our prior written consent, subject to the terms of respective Open-Source Licenses if and to the extent applicable; (ix) carrying out any other unlawful activities, or activities that violate any applicable regulations, rules, orders etc. **9.0 THIRD-PARTY CONTENT AND THIRD-PARTY SERVICES** When using the Platform, you may view, use or interact with certain Third-Party Content and Third-Party Services. Oiler does not endorse or make any warranties, whether express or implied, with regard to the Third-Party Content and Third-Party Services, and shall not be responsible for or held liable in connection with any Third-Party Content and Third-Party Services, your use thereof or interaction therewith. You hereby affirm and acknowledge that your use of Third-Party Content and Third-Party Services, and your interactions with third parties that are linked to or from the Platform, shall always be at your own risk. To the maximum extent permitted by the applicable law, in no event shall Oiler be responsible for or held liable in connection with any loss or damage of any sort incurred by you as the result of, or in connection with accessing or using any Third-Party Content or Third-Party Services. **10. USER GENERATED CONTENT** You may be allowed to post, create, or furnish User Generated Content through the Platform. If you post, create, or provide any User Generated Content, you must ensure that such content at all times is true, accurate, complete, and up to date, and that such content does not violate the law or any rights of third parties. By creating or providing any User Generated Content you warrant that you own all intellectual property rights in and to such content or otherwise have the right to use the content in such a manner, and that such content does not violate any rights of third parties or laws. You shall be solely liable and responsible for your User Generated Content. We do not immediately review all User Generated Content nor do we have such an opportunity. We do not undertake any obligations in respect to the User Generated Content, e.g., obligation to review or post such content, or obligations of confidentiality. At all times, we retain the right to remove any User Generated Content without any prior notice or liability in case we, at our sole discretion, determine that such content is offensive, unacceptable, may harm us or violate these Terms, any laws or public order. By creating or furnishing User Generated Content on or through the Platform, you grant Oiler a non-exclusive, irrevocable, royalty free, perpetual, fully paid up, worldwide license (right) to use, copy, edit, reproduce, translate, publicly display and perform, distribute, create derivative works based on your User Generated Content, and the right to assign these rights to third parties in whole or in part. Oiler may use, reproduce, disclose, make publicly available and otherwise exploit any of your comments, suggestions, recommendations or other feedback provided in connection with or relating to the Platform, our other products and services (regardless of whether such feedback was provided through the Platform or otherwise on the Internet), throughout the world at its sole discretion, without restrictions or any obligations to you. **11. UPDATES AND AVAILABILITY** Oiler may from time to time and without prior notice make certain updates, improvements, or modifications to the Platform, including, but not limited to, updates to the underlying software, infrastructure, security protocols, technical configurations, functionality, financial structure, or service features, and Oiler shall not be in any case held liable with respect to any such updates. You hereby affirm and acknowledge that occasionally the Platform may be unavailable or its operation may be interrupted. You hereby accept and assume such risks in full and further acknowledge that Oiler shall not be liable in this regard. **12. LICENSE** Subject to your compliance with these Terms, Oiler hereby grants you a limited, temporary, non-transferable, non-exclusive, revocable, non-sublicensable license (right) to access and use the Platform for its intended purposes on the terms set forth herein (the “**License**”). The License will remain effective until terminated on the terms contained herein. To the extent that certain items or components of the Platform are being distributed under an Open-Source License, such items and components will not be covered by the License granted hereunder and will be provided to you under the terms and conditions of the applicable Open-Source License. The License granted hereunder shall terminate and cease upon the occurrence of any of the following events: (i) these Terms terminate or expire; (ii) you violate these Terms; (iii) Oiler chooses to terminate the License at its sole and absolute discretion, with or without reason. Your access and use of the Platform shall not violate the terms of the License and/or Open-Source Licenses, if and as applicable. **13. PROPRIETARY RIGHTS** The “Oiler” and “Oiler DeFi” names, related logos and trademarks, our URLs, domain names, design elements of the Platform, other names of our services and products belong to Oiler, Affiliates and/or applicable licensors. Subject to the terms of the License granted hereunder, neither your use of the Platform nor anything contained in these Terms or materials made available on the Website gives you any rights, title or interest in or to the Platform, content available thereon, or our intellectual property. You may not obscure, remove or alter any marks or notices displayed in the Platform. Any rights not expressly granted to you under the License and/or applicable Open-Source Licenses are reserved by Oiler, respective Affiliates, and/or other rights holders. Certain components used in the Platform may be distributed under Open-Source Licenses, the terms of which shall be made available to you, and you agree to abide by and comply with the terms of such Open-Source Licenses, if applicable. Subject to the foregoing sentence, the Platform, including its elements and components, may not be copied, reproduced or imitated, in whole or in part, without our prior written permission.
**14. AVAILABILITY AND ACCESS** Generally, we are not going to terminate access to the Platform for any eligible person, the Platform is public and generally can be accessed without login or registration. At the same time, availability and functionality of the Platform depend on various factors. Oiler does not warrant or guarantee that the Platform will operate and/or be available at all times without disruption or interruption, or that it will be immune from unauthorised access, bug-, virus-, or error-free. The Platform may be inaccessible or inoperable from time to time for any reason, including, for example, equipment malfunctions, maintenance procedures or repairs, updates, force majeure circumstances, disruptions, sophisticated hacker or malware attacks, and temporary or permanent unavailability of the underlying blockchain infrastructure or Protocol, and/or unavailability of respective Third-Party Services or services of external partners. Furthermore, the Platform may be inaccessible or inoperable during the time of transitioning of Ethereum blockchain to Ethereum 2.0, and for some time thereafter. Accordingly, the access to or use of the Platform may be prevented or limited without notice. We may, at our sole and absolute discretion, at any time and without prior notice and liability terminate or discontinue the Platform or any of its components. **15. RESTRICTION OF ACCESS** Oiler may, at its sole and absolute discretion, limit, suspend or restrict access to the Platform for persons who reside or are located in specific jurisdictions or territories, including in accordance with its internal risk management policies, due to legal regulations or legal uncertainty. You hereby agree that Oiler may install and utilise certain software, solutions and/or tools (for example, geo-blocking or IP-blocking solutions) allowing to identify users from certain jurisdictions, or those who have violated these Terms or the law, and restrict their access to and use of the Platform. Oiler may further restrict or suspend your access to and/or use of the Platform, any Oiler products, services, and related software with immediate effect and without notification if Oiler, acting at its sole discretion, determines that (i) you have violated or are likely to violate these Terms, applicable laws or regulations, or (ii) you or your actions create possible legal exposure for Oiler. **16. NO ADVICE** No part of the information or content available on the Platform should be considered to be business, legal, financial, investment, or tax advice, or advice of a broker regarding any matters to which all or any part of such information relates. You should consult your own legal, financial, tax, or other professional advisor regarding this information. We shall not be responsible for the accuracy of the information and materials on the Platform, therefore any use of such information or materials, is at your own discretion and risk and you are solely responsible for any possible damages or losses arising from such use. **17. LIMITATION OF LIABILITY** To the maximum extent permitted under the applicable law, in no event shall: (i) Oiler Parties be liable or responsible for any indirect, special, punitive, exemplary, incidental, or consequential damages of any kind, nor shall they be liable for the loss of goodwill, loss of profits (including expected), loss of data, diminution of value, and business interruption arising out of or in connection with these Terms or their violation, the use or inability to use the Platform or Protocol, and/or the failure of the Platform or Protocol to perform as represented or expected, whether based upon breach of warranty or contract, negligence, strict liability, tort, or any other legal theory, regardless of whether any of Oiler Parties have been advised of the possibility of such damages; (ii) Oiler’s or Affiliates’ officers, directors, employees, consultants and shareholders be held personally liable in connection with these Terms or their violation, or the use or inability to use the Platform or Protocol, provided that this item “(ii)” shall not limit the liability of Oiler as an entity; (iii) Oiler Parties be liable for any damages or losses arising in connection with a hacker attack, phishing attack, malware attack, viruses, or trojan horses, whether affecting or transmitted via the Platform, the Protocol or otherwise, or any other unauthorised third-party intervention in the operation of the Platform or Protocol; (iv) Oiler Parties be responsible or liable for or in connection with inaccuracies of content or information provided on or in connection with the Platform, or third persons’ conduct; (v) Oiler Parties be responsible or liable for or in connection with the Protocol or any Third-Party Content; (vi) the aggregate liability of Oiler Parties to you for all damages and losses whatsoever arising out of or in connection with these Terms, their undue performance or violation, use or inability to use the Platform and/or Protocol exceed US $10,000 (ten thousand U.S. dollars). You shall not, and to the maximum extent permitted under the law hereby waive any right to, seek to recover the damages listed above in this Section 17 from Oiler Parties and/or respective persons specified above. Inasmuch as some jurisdictions do not allow the exclusions or limitations as set forth herein, the above exclusions and limitations shall apply to the maximum extent permitted by the applicable law. **18. INDEMNIFICATION** To the fullest extent permitted under the applicable law, you shall indemnify, defend, and hold harmless Oiler Parties from and against any and all claims, demands, actions, damages, losses, costs, and expenses (including reasonable professional and legal fees) that arise from or relate to (i) your violation of these Terms, including making untrue or false representations or warranties, (ii) your access to or use of the Platform, and (iii) exercising, enforcing, or preserving Oiler Parties’ rights, powers or remedies (or considering doing so) with respect to you in connection with these Terms. Oiler reserves the right to exercise sole control over the defence, at your sole cost and expense, of any claim subject to an indemnity set out in this Section 18. The indemnity set out in this Section 18 is in addition to, and not in lieu of, any other remedies that may be available to Oiler Parties under the applicable law. **19. NO WARRANTY** The Platform and Protocol are provided on “as is” and “as available” basis, and your use of the Platform and Protocol will always be at your own risk. Oiler makes no warranty of any kind, express or implied, including, but not limited to, the implied warranties of title, non-infringement, integration, merchantability, and fitness for a particular purpose, and any warranties implied by any course of performance or usage of trade, with respect to the Platform and Protocol, all of which are expressly disclaimed. Oiler does not warrant, whether expressly or impliedly, and expressly disclaims any warranty and/or representation that: (i) the Platform or Protocol will work as expected, or that any information provided through the Platform or in connection therewith will be timely, accurate, reliable, true or correct; (ii) the Platform or Protocol will be secure, error-free or available at any particular time or place, or will continue working, operating or functioning for any period of time; (iii) any defects, flaws, bugs or errors in the Platform or Protocol will be corrected; (iv) the Platform or Protocol will be supported, maintained, operated, managed, further developed, and not abandoned; or (v) the Platform or Protocol will be free of viruses, bugs, trojan horses, malfunctions, or other harmful components, or properly protected from hacker, malware or other attacks. **20. WAIVER OF FIDUCIARY DUTIES** The Platform, these Terms or any other service or product of Oiler are not intended to create or impose any fiduciary duty on Oiler with respect to you. Notwithstanding anything to the contrary contained in these Terms or applicable provisions of law or equity, to the maximum extent permitted by the applicable law, Oiler shall owe no fiduciary duties to you, provided, however, that Oiler shall have the duty to act in accordance with these Terms and the implied contractual covenant of good faith and fair dealing to the extent required by the law. **21. ASSOCIATED COSTS** The Platform is currently free to use, but Oiler reserves the right to introduce and charge fees for the access to and use of the Platform in the future. Furthermore, when you conduct transactions through the Platform, certain Third-Party Costs may arise or be incurred by you. You shall bear any and all such Third-party Costs, whether associated with transactions that you carry out through the Platform or arising otherwise. Oiler shall not be responsible for any Third-Party Costs and shall not be in any way held liable in connection therewith. **22. TRANSACTIONS** Transactions carried out through the Platform and/or the Protocol are irreversible and final. You may not claim refunds or cancel transactions once they are processed by the blockchain. You are solely responsible for any transactions carried out through the Platform and on the blockchain, and you will carefully appraise and assess the risks involved in every such transaction before it is made. Furthermore, you hereby acknowledge that Digital Assets are highly volatile due to multiple factors including but not limited to speculation, lack of regulation, regulatory, security risks, other factors and circumstances. The price of a Digital Asset may change dramatically and rapidly, and certain Digital Assets may lose their value entirely. Therefore, you shall not hold Oiler Parties responsible or liable in connection with the foregoing. You shall solely make all decisions with regard to your transactions, and shall be solely responsible for their consequences, including possible losses or damages. **23. RISK DISCLOSURE STATEMENT** By accepting these Terms you hereby expressly acknowledge, accept, and assume the risks set out in our risk disclosure statement available at [https://docs.oiler.network/oiler-network/token/legal-notice-and-risk-disclosure-statement \[insert link to the risk disclosure page](https://docs.oiler.network/oiler-network/token/legal-notice-and-risk-disclosure-statement). You hereby acknowledge, accept, and assume the risks set out in the risk disclosure statement and represent that Oiler Parties shall not be held liable or responsible for any damages or losses arising from or in connection with such risks. **24. APPLICABLE LAW** These Terms, as well as any and all relationship between you and Oiler relating to the Platform and any matters contemplated herein shall be governed by, construed and enforced in accordance with the laws of England and Wales, without regard to conflict of law rules or principles that would cause the application of the laws of any other jurisdiction. The United Nations Convention on Contracts for the International Sale of Goods shall not apply to these Terms. **25. DISPUTES RESOLUTION** Except for any Disputes in which either party seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, including, without limitation, copyrights, trademarks, trade names, logos, trade secrets or patents, you and Oiler hereby agree to settle and finally resolve any Dispute arising out of or in connection with the Platform, these Terms and any matters contemplated herein in binding arbitration and in accordance with this Section 25. Binding arbitration is the referral of a Dispute to a qualified person(s) who will review the Dispute and make a final and binding determination, by making an order, to resolve the Dispute. For any Dispute that you have against Oiler or relating to the Platform, these Terms or any matters contemplated herein, you shall first contact Oiler and attempt to resolve the Dispute informally by sending a Notice to Oiler by email at . The Notice must include your name, address and email, and such other information necessary to identify you or assess your inquiry, describe the nature and basis of the Dispute and set forth the specific relief sought. If Oiler and you cannot reach an agreement to resolve the Dispute within thirty (30) days after such Notice is received, then either party may submit the dispute to binding arbitration administered by the LCIA, in accordance with the terms set forth below. Any Disputes arising out of or in connection with the Platform, these Terms or any matters contemplated herein, including any question regarding the existence, validity, or termination of these Terms, shall be referred to and finally resolved by the binding arbitration under the London Court of International Arbitration rules, which rules are deemed to be incorporated by reference herein. Any arbitration will occur in London, UK. You will not and hereby waive your rights to object to the arbitration prescribed herein. Unless otherwise required by the applicable law, and to the maximum extent permitted and possible, you, Oiler, and the arbitrators shall maintain the confidentiality of any arbitration proceedings, judgments and awards, including, but not limited to, all information gathered, prepared and presented for purposes of the arbitration or related to the Disputes. Unless prohibited under the law, the arbitrator will have the authority to make appropriate rulings to safeguard confidentiality. Any Dispute arising out of or related to these Terms is personal to you and Oiler and will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action, or any other type of representative proceeding in any circumstances. There will be no class or other type or representative action, whether within or outside of arbitration where an individual attempts to resolve a Dispute as a representative of another individual or group of individuals. To the maximum extent permitted under the law, you and Oiler hereby waive the rights to a jury trial, class action arbitration, and to have any Dispute resolved in court. To the maximum extent permitted under the law, you and Oiler hereby agree that any claim arising out of or related to the Platform, Protocol, these Terms or any matters contemplated herein shall be filed within one (1) year after the ground for such claim arose; if the claim is not filed within this term, such claim shall be permanently barred, which means that neither you, nor Oiler will have the right to assert such claim. **26. COMMUNICATION** You agree and consent to receive electronically all Communications that Oiler provides in connection with these Terms and any matters contemplated herein. You agree that Oiler may provide Communications to you by posting them on the Platform, on our Medium blog available at , in our Telegram channel available at , and/or in our Discord channel available at: . If you provide us your email address, we may (but will not be obliged to) send Communications to you by email. It is your responsibility to regularly monitor the above communication channels for updates. All Communications given in accordance with the terms of this Section 26 above shall be deemed in writing, valid and of full legal force, and delivered to you on the day following the day when they are published or transmitted, as the case may be. You may electronically communicate with us by sending Communications to the following email address: . Oiler may require you to provide additional data or documents that will allow us to identify you and properly assess your inquiry. **27. FORCE MAJEURE** Oiler shall not be liable or responsible for (i) any inaccuracy, error, delay in, or omission of any information, or the transmission or delivery of information; (ii) any loss or damage arising from any event beyond Oiler’s reasonable control, including but not limited to flood, extraordinary weather conditions, earthquake, or other act of God, fire, declared and undeclared war, epidemic, pandemic, insurrection, riot, labour dispute, accident, action of government, court, regulatory or other authorities, including the issuance of cease and desist orders, communications failure, hacker attacks, malware attacks, software weaknesses, malfunctions, 51% attacks or similar attacks, power failure, equipment or software malfunction or error, or any other cause beyond Oiler’s reasonable control. **28. NO WAIVER** No failure or delay by Oiler to exercise any right or remedy provided under these Terms or by law shall constitute a waiver of that or any other right or remedy, nor shall it preclude or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy shall preclude or restrict the further exercise of that or any other right or remedy. **29. ENTIRE AGREEMENT** These Terms, together with any documents incorporated herein by reference, contain the entire agreement between you and Oiler with respect to the matters contemplated herein, and supersede all prior and contemporaneous understandings, writings, letters, statements or promises between you and Oiler regarding the subject matters hereof. Unless otherwise expressly provided herein, there shall be no third-party beneficiaries hereto. **30. PERSONAL DATA** Please learn more about how we process your personal data in our Privacy Policy available at **31. SURVIVAL** Sections 17-20, 24 to 26, 28, 31 to 35 of these Terms and provisions hereof constructed to survive the termination of these Terms shall survive any expiration or termination of these Terms, regardless of reason. **32. LANGUAGE** Currently, only English version of these Terms and any Communications is considered official. The English version shall prevail in case of differences in translation of any materials, information, documents, Communications or other content. **33. ASSIGNABILITY** Neither party may assign or transfer any rights or obligations under these Terms without other party's prior written notice, provided, however, that Oiler may assign and transfer these Terms, all and any rights and obligations hereunder to an Affiliate or successor, without your consent or approval, or any prior notice. **34. VALIDITY AND ENFORCEABILITY** The invalidity or unenforceability of any provision or part-provision of these Terms shall not affect the validity or enforceability of any other provisions of these Terms, all of which shall remain in full force and effect. **35. INTERPRETATION** Unless the context otherwise requires, a reference to one gender shall include a reference to the other genders; words in the singular shall include the plural and in the plural shall include the singular; any words following the terms including, include, in particular, for example or any similar expression shall be construed as illustrative and shall not limit the sense of the words, description, definition, phrase or term preceding those terms; Section headings do not affect the interpretation of these Terms. You hereby agree that a rule of construction does not apply to the disadvantage of Oiler because it was responsible for the preparation of these Terms.
# Legal Notice and Risk Disclosure Statement **Last updated:** March 27, 2022 This Legal Notice and Risk Disclosure Statement (the “**Notice**”) is provided by Oiler DeFi Ltd. (collectively with its affiliates, “**we**”, “**our**”, “**us**” or “**Oiler DeFi**”). Any statements, announcements, and communications made by Oiler DeFi, as well as any other information however communicated by us or on our behalf (collectively, the “**Communications**”), are and shall be subject to the Notice below. Please read this Notice Oiler DeFi before using, referring to, or relying upon, any Communications made by Oiler DeFi. Any access to or use of the Oiler Application (App) accessible at and (the “**Oiler Platform**”) shall be subject to your acceptance and assumption of the risks set out in the Risk Disclosure Statement below. ### Legal Notice **Information and Communications** Nothing contained in our Communications constitutes an offer to sell, a recommendation or solicitation to buy, sell or hold Oiler tokens or any other assets. Nothing in the Communications constitutes a recommendation or solicitation to use the Oiler Platform or any related software, products or services. Always make sure to verify that the information that you believe is provided by Oiler DeFi is posted or communicated by our authorised representatives. Any and all Communications are provided for informational and educational purposes only, and should not be relied upon, either wholly or partially, when making any decision. We do not warrant, guarantee or represent, whether expressly or impliedly, that the Communications are true, complete, timely, reliable, accurate, sufficient, non-infringing or fit for a particular purpose, and we will be under no obligation to update or fix such Communications. We shall not be responsible for the accuracy or completeness of the Communications; therefore any use of such information is at your own discretion and risk, and you are solely responsible for any possible damages or losses arising from such use. You should always conduct your own independent research and thorough investigation. Communications may also contain references to third-party data and industry publications. Although we believe that such data is accurate and reasonable, there are no assurances as to the accuracy or completeness of this data. We have not independently verified any of the data from third-party sources referred to in the Communications, or ascertained the underlying assumptions relied upon by such sources. Any reference to such third-party data and industry publications does not imply our endorsement thereof. **Oiler Token (OIL)** We do not make any warranties or representations of any kind with regard to the Oiler token (the "**OIL**"), and we expressly disclaim all warranties and representations relating to OIL, whether express or implied, including, without limitation, any implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. OIL is provided on an «as is» and «as available» basis. There is no guarantee that OIL will perform as expected or hold any particular value or price. OIL may lose some or all of its value. We do not make any promises with respect to OIL, its price, value, supply amount, performance, etc. We cannot and do not influence the price of OIL or its performance, and assume no liability to any person for the OIL token, its performance, value or loss in value, the use or inability to use OIL. OIL token is not an investment, security, share or equity interest, debt or loan nor a derivative instrument of any of the foregoing. Neither the Materials nor anything communicated or provided by Oiler DeFi constitutes a prospectus or offering document, or is an offer to sell or solicitation of an offer to buy OIL tokens or any other asset. OIL token does not provide any person with the rights of any type with respect to Oiler DeFi or its affiliates, their revenues or assets, including, but not limited to, any voting, distribution, redemption, liquidation, proprietary or other financial or legal rights, nor is OIL token intended to provide any person with any other rights of any type. OIL is not a loan and does not provide any right of ownership or other interest. Unless expressly allowed by Oiler DeFi, acting in its sole discretion, in writing on a case-by-case basis, OIL token are not offered, and shall not be provided to, a person which is (i) the subject of economic or financial sanctions or trade embargoes administered or enforced by any country or government, including, but not limited to, those administered by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom or any other applicable jurisdictions, (ii) located, organised or resident in any country or territory that is the subject of country-wide or territory-wide sanctions, (iii) listed in any sanctions-related list of sanctioned persons, including, but not limited to, those maintained by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom, (iv) located, organised or resident in British Virgin Islands, Cayman Islands, United Kingdom of Great Britain and Northern Ireland, United States of America and U.S. overseas territories, People's Republic of China (Mainland), Republic of India, Republic of Turkey, Republic of Indonesia, Federal Democratic Republic of Nepal, People's Democratic Republic of Algeria, Kingdom of Morocco, Republic of Cuba, Democratic People's Republic of Korea, Republic of the Sudan, Islamic Republic of Iran, Syrian Arab Republic, Crimea Region of Ukraine and Sevastopol, or (v) directly or indirectly owned or controlled by any person or persons described above. #### **Oiler Token Liquidity Bootstrapping Event (LBP)** The Oiler Token Liquidity Bootstrapping Event (the “LBP”) is a healthy token price discovery mechanism employed by Oiler DeFi. The LBP is not a token sale nor a token offering, and Oiler DeFi does not receive any proceeds from the LBP. Assets contributed to the LBP cannot be redeemed or withdrawn by Oiler DeFi. Upon completion of the LBP, the assets are technically routed to the Uniswap OIL-USDC pool, and will remain in the Uniswap pool indefinitely. #### Forward-Looking Statements Communications may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements other than statements of historical fact, are forward-looking statements. Any development plans and projections, business projections, future functionality and projected performance of the Oiler Platform or Oiler DeFi, as well as prospects and the future prospects of any industry, are forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain or unknown. We can give no assurance that any forward-looking statements will prove to have been correct. Actual events, results or outcomes could differ materially from what is stated in the forward-looking statement, and you should not rely on any such forward-looking statement. These risks and uncertainties include the impact of economic, competitive, technical and other factors affecting Oiler Platform, Oiler DeFi or its operations, including, but not limited to, the following: development of science and technology, development of the industry in which Oiler DeFi is in, competition, regulatory uncertainty and government actions, the introduction of new regulations and laws, market changes, the performance of Oiler Platform, related software or products, other business and market conditions. #### No Advice No part of the Communications should be considered to be business, legal, financial, investment, or tax advice, or advice of a broker regarding any matters to which all or any part of such information relates. You should consult your own legal, financial, tax, or other professional advisors regarding any such information. #### Limitation of liability To the maximum extent permitted by applicable laws and regulations, in no event shall Oiler DeFi, its employees, directors, shareholders, officers, consultants, representatives, agents or contractors be liable or responsible for any direct, indirect, special, punitive, exemplary, incidental, or consequential damages or losses of any kind, nor shall they be liable for the loss of goodwill, loss of profits (including expected), loss of data, diminution of value, and business interruption arising out of or in connection with the Communications or reliance thereon, any inaccuracy or omission in any Communications, whether based upon breach of warranty or contract, negligence, strict liability, tort, or any other legal theory, regardless of whether we have been advised of the possibility of such damages or losses. ### Risks Disclosure Statement #### Oiler Platform is in its Beta Stage Oiler Platform and related software (including blockchain smart-contracts and other blockchain software) are in their beta stage, which means that they are experimental. Oiler Platform and related software are provided on an “**as is**” and “**as available**” basis, without warranty of any kind, either expressed or implied, including, without limitation, warranties that they are free of defects, vulnerabilities, merchantable, fit for a particular purpose or non-infringing. Any use of the Oiler Platform and related software shall be at your own risk. In no event shall Oiler DeFi be held liable in connection with or for any claims, losses, damages or other liabilities, whether in contract, tort or otherwise, arising out of or in connection with the Oiler Platform, Oiler Protocol, their operation or use. #### Risk of Software Weaknesses Although we make reasonable efforts to ensure that the Oiler Platform and related software follow the high-security standards, we do not warrant or represent that the Oiler Platform or related software are secure or safe, or protected from fishing, malware or other malicious attacks. Further, Oiler Platform and related software may contain weaknesses, bugs, vulnerabilities, viruses or other defects which may have a material adverse effect on the operation of the Oiler Platform or related software, or may lead to losses and damages for you, other users or third persons. #### Risk Inherent in the Blockchain Oiler Platform interacts with the Protocol deployed on the Ethereum Virtual Machine-compatible blockchain network(s). As a result, any malfunction, breakdown or abandonment of such blockchain(s) may have a material adverse effect on the Oiler Platform and Protocol. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the Oiler Platform and related blockchain software by rendering ineffective the cryptographic consensus mechanism that underpins the blockchain. The smart-contract concept, the underlying software and software platforms, including the blockchain networks, are still in an early development stage and unproven. Although it is very unlikely, the blockchain, as well as any other blockchain, can be attacked which may result in downtime, consensus split, long reorganisation of the chain, 51 percent attack, or other adverse outcomes each of which may lead to complete loss of your assets implemented on such blockchain network. #### Risk of Flawed Logic of Oiler Platform The underlying logic of the Oiler Platform and related software may be flawed, defective or impaired, which can result in smart-contracts operating incorrectly or not as expected, or transactions being executed in violation of logic which underpins the smart-contracts, which can lead to partial or complete loss of digital assets used in the transaction. #### Risk of Legal Uncertainty Intended activities of Oiler DeFi are subject to various laws and regulations in the countries where it operates or intends to operate. We might be obliged to obtain different licenses or other permissive documents in some or all jurisdictions where we intend to operate our business, therefore, our business in such jurisdictions shall always be subject to obtaining such licenses or permissive documents, if so directed by applicable laws. There is a risk that certain activities may be deemed in violation of any such law or regulation. Penalties for any such potential violation would be unknown. Additionally, changes in applicable laws or regulations or evolving interpretations of existing law could, in certain circumstances, result in increased compliance costs or capital expenditures, which could affect our ability to carry on the business model and develop the Oiler Platform and/or Oiler Protocol. #### Risk of Theft We make a commercially reasonable effort to ensure that any transactions carried out via or on the Oiler Platform and Oiler Protocol are secure. Notwithstanding the aforesaid, there is no assurance that there will be no theft of the digital assets as a result of hacks, sophisticated cyber-attacks, distributed denials of service or errors, double-spent attacks, flash-loan attacks, vulnerabilities or defects of the Oiler Platform, Oiler Protocol, or related software, of the Ethereum or any other blockchain, or otherwise. Such events may include, for example, flaws in programming or source code leading to exploitation or abuse thereof. Any of the above may lead to partial or complete theft or loss of digital assets used in transactions carried out on the Oiler Platform or Oiler Protocol. \
# Privacy Policy **Last updated:** March 27, 2022 The website website available at[ https://www.oiler.network/](https://www.oiler.network/) (the “**Website**”) and Oiler Application (App) accessible at and (the “**Platform**”) are provided by Oiler DeFi Ltd. (“**we**”, “**us**”, “**our**”). Please refer to our Terms of Service for information about the Platform. With respect to the personal data collected on or through the Website and Platform, 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 Ltd., a British Virgin Islands company Address: Jayla Place, 2nd Floor, Road Town, Tortola, British Virgin Islands VG1110 Email: **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 Virtual Machine-compatible blockchain network(s) (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 with the use of 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 applicable blockchain network(s) which is out of our control. This means that due to the structure of the blockchain network 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 respective blockchain network. Please be aware that any transaction within the blockchain network 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.