📖Terms of Use
Last Updated: July 15, 2024
Welcome to Lair Finance. Please read these Terms of Use (the “Terms”) carefully because they govern your use of the website located at lari.fi (the “Site”) and the services accessible via the Site and corresponding application (“App”) offered by Lair Finance (“Lair Finance,” “we,” “us,” or “our”). To make these Terms easier to read, the Site, our services, and the App are collectively called the “Services.”
1. Agreement to Terms
By using our Services, you agree to be bound by these Terms. If you don’t agree to be bound by these Terms, do not use the Services. If you are accessing and using the Services on behalf of a company (such as your employer) or another legal entity, you represent and warrant that you have the authority to bind that entity to these Terms. In that case, “you” and “your” will refer to that entity.
2. Changes to these Terms or the Services
We may update the Terms from time to time at our sole discretion. If we do, we’ll let you know by posting the updated Terms on the Site and the App and may also send other communications. It’s important that you review the Terms whenever we update them or you use the Services. If you continue to use the Services after we have posted updated Terms, it means that you accept and agree to the changes. If you don’t agree to be bound by the changes, you may not use the Services anymore. Because our Services are evolving over time, we may change or discontinue all or any part of the Services at any time and without notice at our sole discretion.
3. Who May Use the Services?
You may use the Services only if you are 18 years or older and capable of forming a binding contract with Lair Finance, and not otherwise barred from using the Services under applicable law. You may not use the Services if you are a resident of, or currently residing in, a country against which the United States has issued export sanctions or other trade restrictions or otherwise subject to trade sanctions. These countries may include but are not limited to Iran, North Korea, Sudan, and Syria.
4. About the Services
The Services include liquid staking derivative services to enable users to stake digital assets and obtain staking rewards.
5. Feedback
We appreciate feedback, comments, ideas, proposals, and suggestions for improvements to the Services (“Feedback”). If you choose to submit Feedback, you agree that we are free to use it without any restriction or compensation to you.
6. Fees and Taxes
a. Fees: You may incur fees in connection with your use of the Services (or certain portions thereof) and you agree to pay such fees. You are responsible for any fees incurred from third parties in connection with your use of the Services.
b. Taxes: You acknowledge and agree that you may suffer adverse tax consequences as a result of purchasing, holding, exchanging, selling, staking, transferring, or otherwise using tokens in any way. You hereby represent that you have consulted with a tax adviser that you deem advisable in connection with any use of tokens, or that you have had the opportunity to obtain tax advice but have chosen not to do so. Neither Lair Finance nor any of its affiliates has provided you with any tax advice. You agree to be fully responsible for any taxes resulting from any purchase, holding, exchange, sale, staking, transfer, or other use of tokens.
7. Rights and Terms for Apps
a. App License: If you comply with these Terms, Lair Finance grants you a limited non-exclusive, non-transferable license, with no right to sublicense, to use the App on your personal computers, tablets, wearable devices, and/or other devices and to run the App solely for your own personal non-commercial purposes. Except as expressly permitted in these Terms, you may not: (i) copy, modify, or create derivative works based on the App; (ii) distribute, transfer, sublicense, lease, lend, or rent the App to any third party; (iii) reverse engineer, decompile, or disassemble the App (unless applicable law permits, despite this limitation); or (iv) make the functionality of the App available to multiple users through any means.
8. General Prohibitions and Lair Finance’s Enforcement Rights
You agree not to do any of the following:
Use, display, mirror, or frame the Services or any individual element within the Services, Lair Finance’s name, any Lair Finance trademark, logo, or other proprietary information, or the layout and design of any page or form contained on a page, without Lair Finance’s express written consent;
Access, tamper with, or use non-public areas of the Services, Lair Finance’s computer systems, or the technical delivery systems of Lair Finance’s providers;
Attempt to probe, scan, or test the vulnerability of any Lair Finance system or network or breach any security or authentication measures;
Avoid, bypass, remove, deactivate, impair, descramble, or otherwise circumvent any technological measure implemented by Lair Finance or any of Lair Finance’s providers or any other third party (including another user) to protect the Services;
Attempt to access or search the Services or download content from the Services using any engine, software, tool, agent, device, or mechanism (including spiders, robots, crawlers, data mining tools, or the like) other than the software and/or search agents provided by Lair Finance or other generally available third-party web browsers;
Send any unsolicited or unauthorized advertising, promotional materials, email, junk mail, spam, chain letters, or other forms of solicitation;
Use any meta tags or other hidden text or metadata utilizing a Lair Finance trademark, logo URL, or product name without Lair Finance’s express written consent;
Use the Services, or any portion thereof, for any commercial purpose or for the benefit of any third party or in any manner not permitted by these Terms;
Forge any TCP/IP packet header or any part of the header information in any email or newsgroup posting, or in any way use the Services to send altered, deceptive, or false source-identifying information;
Attempt to decipher, decompile, disassemble, or reverse engineer any of the software used to provide the Services;
Interfere with, or attempt to interfere with, the access of any user, host, or network, including, without limitation, sending a virus, overloading, flooding, spamming, or mail-bombing the Services;
Collect or store any personally identifiable information from the Services from other users of the Services without their express permission;
Impersonate or misrepresent your affiliation with any person or entity;
Reverse look-up, track, or seek to track any information of any other users or visitors of the Site or Services;
Take any actions that impose an unreasonable or disproportionately large load on the infrastructure of systems or networks of the Site or Services, or the infrastructure of any systems or networks connected to the Site or Services;
Use the Services for market manipulation (such as pump and dump schemes, wash trading, self-trading, front running, quote stuffing, and spoofing or layering, regardless of whether prohibited by law);
Engage or assist in any activity that violates any law, statute, ordinance, regulation, or sanctions program, including but not limited to the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), or that involves proceeds of any unlawful activity (including but not limited to money laundering, terrorist financing, or deliberately engaging in activities designed to adversely affect the performance of the Services);
Engage in deceptive trading activities;
Use the Services to participate in fundraising for a business, protocol, or platform;
Fabricate in any way any transaction or process related thereto;
Disguise or interfere in any way with the IP address of the computer you are using to access or use the Services or that otherwise prevents us from correctly identifying the IP address of the computer you are using to access the Services;
Transmit, exchange, or otherwise support the direct or indirect proceeds of criminal or fraudulent activity;
Violate any applicable law or regulation; or
Encourage or enable any other individual to do any of the foregoing.
Lair Finance is not obligated to monitor access to or use of the Services or to review or edit any content. However, we have the right to do so for the purpose of operating the Services, to ensure compliance with these Terms, and to comply with applicable law or other legal requirements. We reserve the right, but are not obligated, to remove or disable access to any content, at any time and without notice, including, but not limited to, if we, at our sole discretion, consider it objectionable or in violation of these Terms. We have the right to investigate violations of these Terms or conduct that affects the Services. We may also consult and cooperate with law enforcement authorities to prosecute users who violate the law.
9. Certain Risks
Each user acknowledges, agrees, consents to, and assumes the risks of the matters described in this section. This includes but is not limited to the inherent risks associated with digital and cryptographic systems, such as the risk of loss of your digital assets, the risk of security breaches, and the risk of financial loss due to volatility and changes in market conditions.
10. No Warranty
The Services are provided on an “as is” and “as available” basis. You acknowledge and agree that your access and use of the Services are at your own risk. There is no representation or warranty that access to the Services will be continuous, uninterrupted, timely, or secure; that the information contained in the Services will be accurate, reliable, complete, or current, or that the Services will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement made in connection with the Services should be treated as creating any warranty concerning the Services.
11. Disclaimers
You understand and agree that the Services are provided “as is” and “as available,” without warranty of any kind, either express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We make no warranty that the Services will meet your requirements or be available on an uninterrupted, secure, or error-free basis. We make no warranty regarding the quality, accuracy, timeliness, truthfulness, completeness, or reliability of any information or content on the Services.
Lair Finance does not represent or warrant that any content on the Services is accurate, complete, reliable, current, or error-free. We will not be liable for any loss of any kind from any action taken or taken in reliance on material or information contained on the Services. While Lair Finance attempts to make your access to and use of the Services and any content therein safe, Lair Finance cannot and does not represent or warrant that the Services, any content therein, or our servers are free of viruses or other harmful components. We cannot guarantee the security of any data that you disclose online. You accept the inherent security risks of providing information and dealing online over the Internet and will not hold us responsible for any breach of security.
12. Intellectual Property Rights
We own all intellectual property and other rights in the Services and their contents, including, but not limited to, software, text, images, trademarks, service marks, copyrights, patents, and designs. Unless expressly authorized by us, you may not copy, modify, adapt, rent, license, sell, publish, distribute, or otherwise permit any third party to access or use the Services or any of their contents. Accessing or using the Services does not constitute a grant to you of any proprietary intellectual property or other rights in the Services or their contents.
You will retain ownership of all intellectual property and other rights in any information and materials you submit through the Services. However, by uploading such information or materials, you grant us a worldwide, royalty-free, irrevocable license to use, copy, distribute, publish, and send this data in any manner in accordance with applicable laws and regulations.
You may choose to submit comments, bug reports, ideas, or other feedback about the Services, including, without limitation, about how to improve the Services (collectively, “Feedback”). By submitting any Feedback, you agree that we are free to use such Feedback at our discretion and without additional compensation to you, and to disclose such Feedback to third parties (whether on a non-confidential basis or otherwise). If necessary under applicable law, then you hereby grant us a perpetual, irrevocable, non-exclusive, transferable, worldwide license under all rights necessary for us to incorporate and use your Feedback for any purpose.
If (i) you satisfy all of the eligibility requirements set forth in these Terms, and (ii) your access to and use of the Services complies with these Terms, you are hereby granted a single, personal, limited license to access and use the Services. This license is non-exclusive, non-transferable, and freely revocable by us at any time without notice or cause at our sole discretion. Use of the Services for any purpose not expressly permitted by these Terms is strictly prohibited.
13. Indemnification
You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising from (a) your access to and use of the Services; (b) your violation of these Terms, the rights of any third party, or any other applicable law, rule, or regulation; and (c) any other party’s access and use of the Services with your assistance or using any device or account that you own or control.
14. Limitation of Liability
Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any indirect, punitive, incidental, special, consequential, or exemplary damages, including (but not limited to) damages for loss of profits, goodwill, use, data, or other intangible property, arising out of or relating to any access to or use of the Services, nor will we be responsible for any damage, loss, or injury resulting from hacking, tampering, or other unauthorized access to or use of the Services, or from any access to or use of any information obtained by any unauthorized access to or use of the Services. We assume no liability or responsibility for any: (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage, of any nature whatsoever, resulting from any access to or use of the Services; (c) unauthorized access to or use of any secure server or database in our control or the use of any information or data stored therein; (d) interruption or cessation of function related to the Services; (e) bugs, viruses, trojan horses, or the like that may be transmitted to or through the Services; (f) errors or omissions in, or loss or damage incurred as a result of, the use of any content made available through the Services; and (g) the defamatory, offensive, or illegal conduct of any third party. Under no circumstances shall we or any of our officers, directors, employees, contractors, agents, affiliates, or subsidiaries be liable to you for any claims, proceedings, liabilities, obligations, damages, losses, or costs in an amount exceeding the greater of (i) the amount you paid to us in exchange for access to and use of the Services, or (ii) $100.00. This limitation of liability applies regardless of whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, and even if we have been advised of the possibility of such liability. Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of certain liabilities and damages. Accordingly, some of the disclaimers and limitations set forth in these Terms may not apply to you. This limitation of liability shall apply to the fullest extent permitted by law.
15. Arbitration and Class Action Waiver
a. Binding Arbitration: Except for disputes in which either party seeks to bring an individual action in small claims court or seeks injunctive or other equitable relief for the alleged unlawful use of copyrights, trademarks, trade names, logos, trade secrets, or patents, you and Lair Finance: (i) waive the right to have any and all disputes or claims arising from these Terms, your use or access to the Services or any other disputes with Lair Finance (collectively, “Disputes”) resolved in a court; and (ii) waive any right to a jury trial. Instead, you and Lair Finance agree to arbitrate Disputes that are not resolved informally (as described below) through binding arbitration (i.e., the referral of a Dispute to one or more persons charged with reviewing the Dispute and making a final and binding determination to resolve it) instead of having the Dispute decided by a judge or jury in court).
b. No Class Arbitrations, Class Actions, or Representative Actions: You and Lair Finance agree that any dispute is personal to you and Lair Finance and that any such dispute 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. Neither party agrees to class arbitration or to an arbitration in which an individual attempts to resolve a dispute as a representative of another individual or group of individuals. Further, you and Lair Finance agree that a dispute cannot be brought as a class or other type of representative action, whether within or outside of arbitration, or on behalf of any other individual or group of individuals.
c. Process: You and Lair Finance agree that each will notify the other, in writing, of any Dispute within thirty (30) days of when it arises so that the parties can attempt, in good faith, to resolve the Dispute informally. Notice to Lair Finance shall be provided by sending an email to contact@lair.fi. Your notice must include (i) your name, postal address, and email address; (ii) a description of the nature or basis of the Dispute; and (iii) the specific action that you are seeking. If you and Lair Finance cannot resolve the Dispute within thirty (30) days of Lair Finance receiving the notice, either you or Lair Finance may, as appropriate pursuant to this Section 13, commence an arbitration proceeding. You and Lair Finance agree that any arbitration or claim must be commenced or filed within one (1) year after the Dispute arose; otherwise, you and Lair Finance agree that the claim is permanently barred (which means that you will no longer have the right to assert a claim regarding the Dispute).
d. Choice of Law: These Terms are governed by and will be construed under the laws of the state of Delaware, without regard to principles of conflict of laws, govern the Terms and any Dispute between you and us. Any Dispute under these Terms shall be finally settled by binding arbitration. Any unresolved Dispute arising out of or in connection with these Terms shall be referred to and finally resolved by arbitration under the rules of the London Court of International Arbitration (LCIA), which rules are deemed to be incorporated by reference into this Section 13 to the extent they are consistent with it. Any dispute arising from or relating to the subject matter of these Terms shall be finally settled in London, United Kingdom, in English, in accordance with the LCIA Arbitration Rules. Unless we agree otherwise, the arbitrator may not consolidate your claims with those of any other party. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction, to the extent a court therein would be deemed to be a court of competent jurisdiction other than any court located in British Virgin Islands. You further agree that the Services shall be deemed to be based solely in the British Virgin Islands and that, although the Services may be available in other jurisdictions, their availability does not give rise to general or specific personal jurisdiction in any forum outside the British Virgin Islands.
e. Authority of Arbitrator: As limited by these Terms and applicable arbitration rules, the arbitrator will have: (i) the exclusive authority and jurisdiction to make all procedural and substantive decisions regarding a Dispute; and (ii) the authority to grant any remedy that would otherwise be available in court. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding, or preside over any proceeding involving more than one individual.
16. Lair Rewards Program
The Lair Rewards Program is an initiative designed to provide extra incentives for users who stake their assets with Lair Finance. To participate, you must agree to the terms of use and stake your assets with Lair Finance during the campaign period. Detailed information about the program, including participation guidelines and the rewards structure, can be found in our official documents and blog articles. You have until the end of the campaign period to claim your allocated rewards; any unclaimed rewards will be forfeited after the campaign ends. The campaign duration is flexible and may be adjusted based on various factors.
17. Lair Points
You may be able to acquire points through your use of the Services (“Points”). Any balance of Points shown in your account constitutes only a measurement of the extent of your limited license to Points. You do not own the Points. Points are not a substitute for currency or medium of exchange, and do not have an equivalent value in real currency. You are not allowed to transfer Points outside of the Services. You are not allowed to sublicense, trade, sell or attempt to sell Points for money or other consideration, or exchange Points for value of any kind outside of the Services. Any such transfer or attempted transfer is prohibited and may cause the Points to be voided. Points are not redeemable, refundable or eligible for any currency or anything else of value. We may offer certain functions of the Services to users that have accumulated certain Points, but the availability of such functions is subject to change at any time in our sole discretion. We grant you a non-exclusive, non-transferable, non-sublicensable, limited license and right to use the Points in accordance with these Terms of Use while we offer the Services and your account is in good standing.
18. Miscellaneous
a. Changes: We may amend any portion of these Terms at any time by posting the revised version of these Terms with an updated revision date. The changes will become effective and shall be deemed accepted by you, the first time you use or access the Services after the initial posting of the revised Terms and shall apply on a going-forward basis with respect to your use of the Services including any transactions initiated after the posting date. In the event that you do not agree with any such modification, your sole and exclusive remedy is to terminate your use of the Services.
b. Entire Agreement: These Terms (and any additional terms, rules, and conditions of participation that may be posted on the website of Lair Finance) including the Privacy Policy constitute the entire agreement with respect to the Services and supersede any prior agreements, oral or written.
c. Privacy Policy: The Privacy Policy describes the ways we collect, use, store and disclose your personal information. You agree to the collection, use, storage, and disclosure of your data in accordance with the Privacy Policy.
d. Survival: Upon termination of these Terms for any reason, all rights and obligations of the parties that by their nature are continuing will survive such termination.
If you have any questions, claims, complaints, or suggestions, please contact us at contact@lair.fi.
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