Last Updated: August 25, 2022
Introduction
Please read this Disclaimer carefully before accessing, interacting with, or using the HLiquity Protocol software, consisting of the HLiquity Protocol technology stack (in particular its smart contracts) as well as any other HLiquity technology such as e.g., the launch kit for frontend operators (together the “HLiquity Protocol Software”).
This disclaimer relates to the use of the HLiquity Protocol Software. The HLiquity Protocol Software enables its users (“User”) to create interest-free liquidity in HCHF (a stablecoin pegged to the Swiss Franc) by depositing HBAR towards autonomous smart contracts. The HCHF is stabilized by a liquidation mechanism and a Stability Pool which both are fully decentralized and smart contract based as well. For the use of the functions of the HLiquity Protocol Software, the involved smart contracts automatically and autonomously deduct technical fees which can be claimed by the HLQT holders (if any). Any and all functionalities of the HLiquity Protocol Software are of purely technical nature and there is no claim towards any private individual or legal entity in this regard.
No Relationship to Swisscoast AG / Usage of HLiquity Protocol Software at Own Risk
While Swisscoast AG developed the HLiquity Protocol Software, the HLiquity Protocol Software runs in a fully decentralized and autonomous manner on the Hedera network. Swisscoast AG is neither involved nor in any way responsible for the operation, running or functioning of the HLiquity Protocol Software and/or any of the interactions, collaborations or factual relationships between Users and the smart contracts of the HLiquity Protocol Software. Swisscoast AG has neither access to nor any other possibility to control and/or influence the corresponding transactions, deposits and/or allocations made by the Users and the involved smart contracts using the HLiquity Protocol Software. Swisscoast AG does not operate an own frontend, nor has it entered in any relationship towards the frontend operators.
In particular, Swisscoast AG has not and will not enter into any legal or factual relationship with any User of the HLiquity Protocol Software. Consequently, SWISSCOAST AG IS NOT LIABLE TO ANY USER FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE, IN CONNECTION WITH THE USE OR INABILITY TO USE THE HLIQUITY PROTOCOL SOFTWARE (INCLUDING BUT NOT LIMITED TO LOSS OF HBAR, HCHF OR HLQT, NON-ALLOCATION OF TECHNICAL FEES TO HLQT HOLDERS, LOSS OF DATA, BUSINESS INTERRUPTION, DATA BEING RENDERED INACCURATE OR OTHER LOSSES SUSTAINED BY A USER OR THIRD PARTIES RELATED TO THE HLIQUITY PROTOCOL SOFTWARE AND/OR ANY ACTIVITY OF A FRONTEND OPERATOR OR A FAILURE OF THE HLIQUITY PROTOCOL SOFTWARE TO OPERATE WITH ANY OTHER SOFTWARE).
The HLiquity Protocol Software has been developed and published under the GNU GPL v3 open-source license, which forms an integral part of this Disclaimer.
As the HLiquity Protocol Software is of experimental nature it may contain bugs, defects, or errors (including any bug, defect, or error relating to or resulting from the display, manipulation, processing, storage, transmission, or use of data) that may materially and adversely affect the use, functionality, or performance of the HLiquity Protocol Software or any product or system containing or used in conjunction with the HLiquity Protocol Software.
THE HLIQUITY PROTOCOL SOFTWARE HAS BEEN PROVIDED “AS IS”, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
THE HLIQUITY PROTOCOL SOFTWARE IS HIGHLY EXPERIMENTAL AND ANY REAL HBAR AND/OR HCHF AND/OR HLQT SENT, STAKED OR DEPOSITED TO THE HLIQUITY PROTOCOL SOFTWARE ARE AT RISK OF BEING LOST INDEFINITELY, WITHOUT ANY KIND OF CONSIDERATION.
There are no official frontend operators, and the use of any frontend is made by User at its own risk. To assess the trustworthiness of a frontend operator lies in the sole responsibility of the User and must be made carefully.
Further, as the HLiquity Protocol Software is built on the Hedera network its proper functioning is depending on the Hedera network and any transaction including HCHF or HLQT requires HBAR as gas.
Assumption of Risks of Cryptographic Token, Currencies and Systems
There are also general risks associated with purchasing, owning and using cryptographic Token (hereinafter “Token”) In order to access and make use of certain features of the HLiquity Protocol Software, a User may need Token (in particular, HBAR, HCHF and/or HLQT).
Token such as HBAR, HCHF and HLQT are highly volatile due to many factors including but not limited to adoption, speculation, technology, and security risks. The cost of transacting on the Hedera network or related blockchain technologies is variable and may increase at any time causing impact to any activities taking place on the Hedera network.
User is solely responsible for transacting and holding Token like HBAR, HCHF and/or HLQT while accessing and/or interacting with the HLiquity Protocol Software.
Neither HCHF nor HLQT do represent or constitute any ownership rights or stake, shares or security or equivalent rights nor any rights to receive future revenues or shares or any other form of participation or governance rights in or relating to any private individual or legal entity. In particular, both HCHF and HLQT do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to any private individual or legal entity.
User is responsible for implementing reasonable measures for securing the wallet, vault or other storage mechanism used to receive and hold HBAR, HCHF and HLQT or any other Token, including any requisite private key(s) or other credentials necessary to access such storage mechanism(s). If User’s private key(s) or other access credentials are lost, User may lose access to its Token.
Risk of Regulatory Actions and Compliance with Laws
The HLiquity Protocol Software could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit User’s ability to access or use the HLiquity Protocol Software.
User is solely responsible for complying with applicable law when interacting (in particular, when using HBAR, HCHF. HLQT or other Token) with the HLiquity Protocol Software whatsoever.
