# The Gitbook is currently being updated As DEUS is relaunching his [new economically re-designed stablecoin,](/stablecoin) the Gitbook is currently being updated. Read more about future vision of the DEUS v3 "bilateral OTC derivatives" technology:\ # Official Links Website: \ App: \ Twitter: \ Medium: \ Telegram: \ Telegram Announcements: \ Discord: \ Coingecko: # Fantom Redeployment Due to the previous Multichain issue, DEUS on Fantom has been redeployed. Token Address: 0xde55b113a27cc0c5893caa6ee1c020b6b46650c0 You can convert your multiDEUS to new Fantom DEUS [here](https://app.deus.finance/convert). # Stablecoin {% hint style="info" %} **The DEUS stablecoin is currently under development and is set for launch in Q1 2024.** DEUS assembled a new team, led by [Mazett, a newly onboarded TradFi wizard. ](https://medium.com/deus-finance/steering-an-algo-stable-flywheel-d88f842aa367)This dedicated group is focused on re-designing and re-launching a stablecoin under the renowned DEUS brand. {% endhint %} Since its formation in 2019, the DEUS team has navigated the blockchain space with a clear vision. Their primary goal was formulating a decentralized and permissionless derivatives system, which should seamlessly coexist alongside a in-house [scalable, decentralized, and censorship-resistant stablecoin.](https://stablecoins.wtf/resources/the-stablecoin-trillema) These two objectives, though aligned in spirit, presented unique challenges and complexities. As with any endeavor in the ever-shifting terrain of blockchain technology. Recognizing the distinct challenges of each path, the DEUS team made a[ strategic decision in August.](https://medium.com/deus-finance/early-symm-migration-announcement-144e51baf36f) To bifurcate their efforts, focusing separately on the development of the stablecoin and the derivatives infrastructure, ensuring dedicated attention and expertise for both. #### Restructuring and Reinventing In the span of the project, the stablecoin development faced a critical security breach, as well as economical weaknesses. These incidents were unfortunate reminders of the need for constant vigilance and adaptive technology in the realm of decentralized projects. To face these challenges head-on and ensure that the core vision remains undeterred, the DEUS team initiated a comprehensive redesign and redevelopment of their stablecoin concept. Not only about revisiting the technological foundation, but also about introspection and rebuilding the very team that's driving this dream forward. Recognizing the need for Q/A expertise beyond just blockchain technology, the DEUS team on-boarded an economics specialist with a seasoned background in traditional finance (TradFi) and restructuring. This infusion of cross-domain expertise is expected to fortify the project's approach and integrate best practices from both decentralized and traditional financial worlds. #### Initial Thoughts by Our New Expert As we move forward with the restructuring and redesigning phases, our newly hired expert has already begun contributing his insights to steer the project in the right direction. For those interested in understanding his perspective and approach, we recommend reading his article: {% embed url="" %} {% embed url="" %} This link provides a deep dive into his preliminary thoughts and strategies that are likely to shape the future course of the DEUS stablecoin project. #### In Conclusion While challenges and setbacks can deter many, they serve as fuel for rejuvenation for the DEUS team. We remain resolute in our quest to build a decentralized, censorship resistant and scaleable stablecoin, learning from our experiences. # Claims and Migration {% embed url="" %} ## Claiming * Users who chose the BALANCED migration can claim their DEUS. * Users who migrated bDEI and legacy DEI acquired pre June 7th can claim their DEUS. ## Legacy DEI / bDEI * A new Migrator will be reopened for users who acquired legacy DEI and bDEI BEFORE June 7th but did not migrate. * Users who purchased legacy DEI and bDEI AFTER June 7th should [fill in this form](https://form.typeform.com/to/M6QAtkBO?typeform-source=subdomain.typeform.com), each case will be handled invidually. # Reimbursement Guide ## Important Notice
\ • The bDEI to DEUS ratio is 185/1 • DEUS will be liquid once migration period ends. • SYMM has a 12 months vest once migration period ends read more:[SYMM / DEUSmigration](/contracts/reimbursement-guide/long-term-reimbursement-plan/symm-deusmigration#id-9b33) Dear users, please be aware that migrating your DEUS, legacy DEI, bDEI, and xDEUS tokens to either SYMM or DEUS involves a waiting period. This process is NOT INSTANT and is IRREVERSIBLE. BY PROCEEDING, YOU CONFIRM THAT: You understand the migration process is not instant. You accept that once completed, the migration cannot be reversed. The specifics surrounding token distribution will be officially communicated in the third quarter (Q3). Anticipate token distributions to occur in the fourth quarter of 2023 for $DEUS and the first quarter of 2024 for $SYMM. Please consider these potential delays prior to depositing your funds. We appreciate your patience and understanding. Should you have any questions or concerns, our support team is ready to assist you. Thank you. Additionally, using the dashboard to retrieve migration data across multiple chains should be done with understanding the importance of conserving computational resources and ensuring the integrity of the cross-chain API, therefore you should confirm to not abuse the API or bombard it with unnecessary requests.\ \ You also signed the waiver: [Waiver and Release Letter](/contracts/reimbursement-guide/reimbursement-process/waiver-and-release-letter)\ \ You also read [Reimbursement Process](/contracts/reimbursement-guide/reimbursement-process)[Long-Term Reimbursement Plan](/contracts/reimbursement-guide/long-term-reimbursement-plan) & and if you are affected by the DEI incident of 5th may you also read # # Reimbursement Process Step-by-Step Guide ## CLAIMS ARE LIVE ON ARBITRUM: Reimbursement claim for DEI incident of 5th may: ### Introduction Following the DEI incident on May 5, 2023, we're now entering the final phase of the reimbursement process for our users. This GitBook page is a comprehensive guide to help you understand the reimbursement process, specifically for users who held DEI or LPs with DEI before the incident. *Please note*: This short-term reimbursement plan does not cover users who purchased DEI after the incident. They will be considered under a long-term reimbursement plan. ### Calculation of Reimbursable Amount The reimbursable amount is calculated based on the DEI and USDC (or any non-DEI asset paired with DEI) you held before the incident, minus any USDC withdrawn or DEI sold. Here's the formula: `userDEIbefore + userUSDCbefore - userUSDCamountWithdrawn - userDEISold = reimbursableAmount` ### Reimbursement Options Users have two options: 1. USDC Reimbursement: Paid out in USDC. This option carries a more significant 'haircut' due to DEI being only 90% backed. 2. DEI Reissued Reimbursement: Paid out in the newly launched DEI, expected in Q4. The 'haircut' for this option is less than the USDC reimbursement. An illustration for the reimbursement process can be: `Suppose you have a 10,000 reimbursable amount, with a hypothetical haircutUSDCAmount value of 0.65. If you decide to take 40% in USDC now, redeeming 4000 of your reimbursable amount, which leaves you with 6000. You would then receive 2600 USDC now (4000 * 0.65) and receive 1400 in bDEI (the balance of your claimed amount), and 6000 as reimbursableAmount for claiming later.` *Please note*: The 65% haircut for USDC is hypothetical. The actual haircut values will be released soon. ### bonded DEI (bDEI) We are introducing bDEI as a representation of the debt still owed, given there was a difference of your reimburseable amount and the amount you could claim, because of the 'haircut percentage' that is calculated based on \ `recoveredUSDC divided by totalReimburseableAmount` These bDEI can be migrated to SYMM/DEUS ([ANN-1](https://medium.com/deus-finance/deus-future-vision-independent-pathways-for-innovation-d572115974c7), [ANN-2](https://lafayettetabor.medium.com/early-symm-migration-announcement-144e51baf36f)) read more here [SYMM / DEUSmigration](/contracts/reimbursement-guide/long-term-reimbursement-plan/symm-deusmigration) ### Claiming Your Reimbursement We are currently preparing a website where you can check your values and claim your reimbursement. It's expected to go live by the end of this week. The current haircut values are as follows: * NOW: 60.25% USDC / 39.75% bDEI * LATER\_90(90% newDEI) 67% newDEI / 32% bDEI * LATER\_85(85% newDEI) 71% newDEI / 28% bDEI After a thorough review of all snapshots, we're confident the reimbursement amount will be at least 60% in USDC or 71% in newly launched DEI for each DEI or USDC/USDT/etc. held prior to the incident. Please note, you can claim your reimbursement once the website is live. If we recover more USDC in the future, you will be able to claim your share later. ### For DEI/DEUS LPs If you held DEI/DEUS LPs before the incident, you would receive reimbursement based on the DEI and you would get all the DEUS in your LP immediatly. For example: If you had 10k DEI (10k USDC) + 166 DEUS (10k USDC) in your LP before the incident, you would get either 60% USDC + 40% bDEI if you claim now, or 71% new DEI + 29% bDEI if you wait for DEI relaunch for the DEI you had and you would get 166 DEUS immediatly for the DEUS in your LP. ### Support We've set up a [Discord channel](https://discord.gg/deus) for the discussion and refinement of the reimbursement process. Feel free to join and raise any questions or concerns. Your trust in Deus remains our top priority, and we're dedicated to making this process as fair, transparent, and convenient as possible. We thank you for your patience and understanding throughout this process. Best Regards, Lafayette # Waiver and Release Letter This waiver of claims together with any documents expressly incorporated by reference (“Terms of Service”) regulate the allocation (“reimbursement”) of $DEUS Tokens between DEUS LABS AG, a company incorporated and registered in Marshall Islands with registration number 109371 (the “company” or “we”) and you as the receiver of $DEUS Tokens (as defined below). You and the Company are each a “Party” and, together, the “Parties” to these Terms. Reference is made to the incident experienced by the Recipient, resulting in the loss of funds with holdings or in combination to the stablecoins with contract: 0xDE12c7959E1a72bbe8a5f7A1dc8f8EeF9Ab011B3, 0xDE1E704dae0B4051e80DAbB26ab6ad6c12262DA0 I, of (the "Recipient"), HEREBY ACKNOWLEDGE that the Company has facilitated to the best of their abilities and resources, a recovery of funds lost from exploits & loss of stablecoins backing, and personal loss incurred through the above tokens, via a "reimbursement" program, in which the Company is distributing funds to the affected users in form of $DEUS or future claim on $SYMM tokens (the "Reimbursement/Migration"), whereas the recipient could freely decide in which form ($DEUS or future $SYMM) the Reimbursement should be handled. In connection with the Recipient's receipt of funds during the Reimbursement (e.g. receiving of USDC/bDEI/xDEUS funds via / & receiving of DEUS via ) , Through signing & claiming the "Reimbursement" the Recipient acknowledges that the "Reimbursement" is completed and HEREBY WAIVES any and all claims that it may have against the Company or any of its affiliates arising and/or otherwise resulting from the Incident(s), and HEREBY INDEMNIFIES and holds harmless the Company and any of its affiliates in this regard. The Recipient HEREBY CONFIRMS that it is not (a) established and/or lawfully existing under the laws of a jurisdiction specified by the Financial Action Task Force as Jurisdictions under Increased Monitoring and/or High-Risk Jurisdictions, as they may change from time to time; (b) a citizen, resident (tax or otherwise), green card holder, or located in other jurisdictions that are included from time to time in international lists of countries at risk of money laundering; (c) listed under any sanction list administered by the United States of America, the United Nations Security Council, the European Union, the United Kingdom or the respective governmental institutions of any of the foregoing; or (d) a politically exposed person. # Long-Term Reimbursement Plan For anyone holding bDEI # SYMM / DEUSmigration ## TL:DR (SYMM/DEUS migration) * The bDEI to DEUS ratio is 185/1 * The DEUS to SYMM ratio can be viewed live here: [app.deus.finance/migration](https://app.deus.finance/migration) * DEUS will be liquid once migration period ends. * SYMM has a 4 months cliff than 12 months vest. ## ## ## Abstract (SYMM migration) * SYMMIO ($SYMM) has a capped supply of 880m tokens. * 85% of the total supply (748m) is for user migration, and 15% is for farming incentives. * Of this 748m:\ \- All DEUS ecosystem tokens migrated to SYMM equally share 680m $SYMM linearly unlocking over one year from TGE; and\ \- Early migrated DEUS ecosystem tokens to SYMM additionally equally share 68m unlocked at TGE, a valuable non-inflationary incentive to migrate early.\ \- The 15% farming will be deployed over 4 years from TGE. ## Moving forward, retaining the value, and allowing stakeholders a free choice. ### ***Non-inflationary incentives*** We have designed our whole tokenomics and incentives as non-inflationary. * After the Token Generation Event (TGE), vesting will ensure the high profitability of unlocked tokens — unlocked tokens get all SYMM revenues. * We additionally want to incentivize early migration by granting early migrators with all initial liquidity — 10% of SYMM locked supply, that is, 68m SYMM. ### *T**he value of early liquidity*** Having tokens available at launch rather than vested is very profitable early — if they stake them, they will earn all early-stage SYMM profits. They can also resell them after launch when interest in SYMM spikes. Whatever the fraction of early migrators, we expect this 10% liquid “bonus” to be worth much more than the DEUS staking rewards lost by migrating early. ### ***Benefits for SYMM and DEUS teams, projects, and holders*** Early migration is one of the tools that will help us approximate the relative interest for the SYMM and DEUS projects in the community. Early migration also benefits each project separately: * The Symm project will benefit from early support and commitments & more liquidity will be available at TGE therefore early migrators too! * The Deus holders will benefit as well from a lower Deus supply. Firstly, early migrators reduce the need for inflationary xDeus rewards. Secondly, a lower Deus supply increases the boosting power of veNFTs. Overall, we expect our migration plan to impact the projects positively during the migration phase. ### *T**he bonus mechanics and calculations*** Early migration is now open. Please note that KAVA and AVAX chains are not yet added and that the migrator will remain open for 30 days after these chains are added. Any deposit done now until the closing of the 30-day window is considered early; any deposit after that date is considered late. Early migrators get the 10% early SYMM liquidity as a “bonus” relative to late migrators. Denote f is the fraction of early migrators. Early migrators get a 10% / f liquidity bonus on top of their vesting tokens: * if all migrators migrate early, they get a 10% early liquidity bonus * if 50% migrate early and 50% late, they get a 20% early liquidity bonus * if only 10% migrate early, they get a 100% early liquidity bonus For instance, if 40k DEUS migrate early and 40k DEUS migrate late: * each migrated DEUS gets 680M/(40k+40k)= 8.5k vesting SYMM * early DEUS migrated early gets 68M/40k = 1.7k unlocked SYMM at TGE See detailed formulas in Appendix. ### **Token Migration ratios** The migration process has been designed to be as straightforward as possible for all users. As part of this process, all balances will be converted to DEUS before being converted to SYMM. The migration includes the following conversions 1. xDEUS to DEUS 2. LegacyDEI to DEUS 3. bDEI to DEUS > please note that only legacyDEI and bDEI\ > obtained prior to 7th june can be used to migrate & migration for fantom based legacyDEI and bDEI is mandatory. > > bDEI obtained on arbitrum can also migrate at the same rate. (reimbursed bDEI from 5th may DEI Incident here: ) #### With the following token exchange ratios, taken as June 7th-July 5th price averages: 1. xDEUS tokens: Each xDEUS token will be swapped for one DEUS token at a 1:1 ratio. 2. LegacyDEI tokens: LegacyDEI tokens will be swapped for DEUS tokens at a rate of 217 LegacyDEI per DEUS token. 3. bDEI tokens: Appreciating the bDEI holders, we propose a 15% bonus on the swap rate. Thus, bDEI will be swapped at 185 bDEI per DEUS token. > please note that we will use snapshot data from your wallet to define your bDEI / legacyDEI stake. bDEI-legacyDEI LPs will be counted as bDEI.\ > It’s not recommended to buy bDEI later to get a better ratio.\ > the improved ratio for bDEI holders is those who are affected by the original legacyDEI depeg. If you were affected and held LP we will count your LP as bDEI. The combined DEUS tokens will then be converted to SYMM or returned as DEUS. The DEUS to SYMM ratio will depend on the number of migrated DEUS. For example, if 100,000 DEUS migrate in total, and 680M SYMM + 68M SYMM early migrator bonus SYMM are available for distribution, the conversion ratio would be 6,800 SYMM per DEUS locked and 680 SYMM unlocked at TGE, a total of 7480 SYMM per DEUS. Conversely, if 200,000 DEUS were to migrate, the conversion ratio would decrease to 3,400 SYMM per DEUS locked, and 340 SYMM per DEUS unlocked at TGE, a total of 3,740 SYMM per DEUS and so forth. This methodology has been previously discussed in detail. ### **Appendix: Detailed formulas** (1) vesting\_symm\_per\_deus = 680m / total\_deus\_migrated Every single Deus migrated transforms into the same number of vested Symm at TGE. (2) user\_vesting\_symm = 680m / total\_deus\_mirgated \* user\_deus\_migrated. So each user’s vesting Symm at TGE is (2) = (1) \* user\_deus\_migrated (3) liquid\_bonus\_on\_early\_migrated\_deus = user\_unlocked\_symm / user\_vesting\_symm = 10% / fraction\_migrate (early / total) = 10% \* total\_deus\_migrated / early\_deus\_migrated liquid\_bonus\_on\_late\_migrated\_deus = 0 Each user gets the same liquid bonus per early migrated Deus and none per late migrated Deus. (4) The most essential info for the early migration ui is the early migration bonus. During the early migration phase, it can only be estimated depending on assumptions for total migration. The most optimistic early migrator bonus is estimated by assuming ALL DEUS is eventually late migrated. The most realistic is estimated by assuming the share of DEUS migrated approximates answers to a poll to be conducted on the Deus channel next week * Max\_liquid\_bonus\_% = 10% \* total\_deus\_supply / current\_early\_deus\_migrated * Max\_liquid\_bonus\_% = 10% \* poll\_migrate\_ratio \* total\_deus\_supply / current\_early\_deus\_migrated (5) Details: * total\_deus\_migrated = early\_migrate + late\_migrate Early migrators that use the “do as the average user” option are counted in as early # bonded DEI (bDEI) What You Need to Know ## TL:DR ## bDEI migration as described here: [SYMM / DEUSmigration](/contracts/reimbursement-guide/long-term-reimbursement-plan/symm-deusmigration#36f0) bDEI tokens are able migrate to DEUS and SYMM at a TWAP ratio. This migration is accessible via . Please note, if no additional USDC can be retrieved through law enforcement actions or exploiter negotiations, all bDEI will be automatically migrated to DEUS at the end of the waiting/migration period. It's important to underline that only DEUS or SYMM, not bDEI, can receive protocol profits. You can learn more about the benefits of migrating early in the provided link #bdei. This process has been designed to offer our token holders the best potential returns and a streamlined token ecosystem. ## Reasoning for a unified token system The following Gitbook section is dedicated to illustrating why this migration to a simplified single token system stands as a beneficial move. We dissect the complexities surrounding bDEI, outline the strategic choices at hand, and argue for the superiority of a consolidated ecosystem under the DEUS or SYMM umbrella. As we delve into this comprehensive analysis, we aim to provide clarity and guide our community through this significant transition.
## Demystifying the bDEI Token and how it can repay debt. \ The recent DEI incident led to users receiving bDEI tokens, representing their debt within the protocol. bDEI tokens currently have no liquidity, and achieving liquidity for bDEI will likely pose substantial future challenges. Given this scenario, users are left with three primary options. 1. Hold onto their bDEI tokens with hopes of recovering more USDC. (Short term next 4-6 months) 2. Migrate their bDEI tokens to DEUS or SYMM to profit from protocol revenue and market speculation. 3. ~~Await repayment of bDEI through future protocol revenues. (long term next 6 - open months)~~ {% hint style="info" %} Option 3 will not be possible anymore, and this gitbook section is meant to explain the reasoning why {% endhint %} However, the latter option introduces complexities and potential drawbacks that we will elucidate here. It is crucial to understand why we have opted against repaying bDEI with future protocol revenues, which may seem like a viable option at first glance. Even if bDEI, DEUS, and SYMM were treated separately in terms of repayment, there would be an inherent dilution effect across all token types. This is because the amount repaid to bDEI holders would need to be a function of the total bDEI supply versus DEUS to maintain fairness. This model implies that bDEI holders would not receive their repayment any sooner than they would by holding DEUS or SYMM tokens. One might argue that DEUS holders should receive no repayments until all bDEI debts are settled. However, this approach would threaten the sustainability of the entire project, leading to a situation where no one, neither DEUS nor bDEI holders, receives any profits. #### This classic prisoner's dilemma showcases the complexity of the situation.
To navigate this dilemma, we propose consolidating a single token system for SYMM and DEUS that can absorb all the revenue, ensure the highest liquidity within the ecosystem, and can be sold by any participant at their convenience, whether at a haircut, break-even point, or profit. If bDEI and DEUS were to compete for liquidity, it would ultimately diminish the total liquidity within the system. By promoting a unified token system, we foster a natural market that can pave the way for bDEI holders to receive their repayment. This strategy offers a pragmatic approach to managing the post-incident fallout, allowing for flexibility, profitability, and the potential for bDEI holders to recover their investments.
## Evaluating Options: A Comparative Analysis of bDEI and the Potential Shift to DEUS or SYMM The proposed idea leaves us with two major strategic options, each with advantages and potential drawbacks.
Maintaining the debt token separately as bDEI: This approach encompasses the following characteristics and implications: * Very little liquidity for debt holders * Repayment structures rely on protocol profits. * Speculation around the bDEI price, albeit with low liquidity, could lead to volatile price movements. * A complex ecosystem token system could deter potential new users and limit scalability. Swapping the debt token bDEI into DEUS or SYMM: This approach offers the following advantages: * High liquidity for debt holders * Repayment structures rely on protocol profits. * Speculation around the DEUS or SYMM price could drive up the price of the tokens and enhance repayment abilities. * A simple ecosystem token system, which is user-friendly and can attract new users, further increasing liquidity and token value. \ When these two options are compared, it becomes evident that migrating bDEI to SYMM or DEUS offers a more beneficial and strategic choice than maintaining bDEI as a separate debt token. The benefits of higher liquidity, equal profit payout structures, the potential for profit from price speculation around DEUS or SYMM, and an overall simpler ecosystem, all serve to strengthen the case for this migration. Notably, this simpler ecosystem can make it easier for new users to enter, enhancing the overall liquidity and robustness of the system and assisting in the repayment of any obligations. Consequently, this strategy aligns with our mission to provide an accessible, transparent, and rewarding financial ecosystem to our community.

## Title: The Restructuring Approach: A Discussion on Pricing and Token Liquidity \ In addressing the issue of debt repayment within the protocol, we adopt a classic restructuring model: pay less now, pay more later. As the protocol currently lacks excess reserves to repay the debt 1:1, fostering a healthier financial ecosystem is necessary before repayment can commence. **The question then arises as to why we offer bDEI holders a price of $185 per DEUS rather than the current price.**
### Reasoning If we were to swap bDEI to DEUS at a 1:1 ratio immediately, we would likely trigger a rush to sell, which could destabilize the protocol. Early sellers might break even in such a scenario, but late sellers could hold the bag. This model fails as it inadvertently transforms debtors into immediate sellers to receive their repayment. \ Instead, we effectively defer selling into the future by offering DEUS a haircut. While some might consider selling at a haircut, many will wait until the price reaches a certain level. This approach results in each bDEI migrator having its unique price target to sell, creating a free market operation that is not forced. This natural, market-driven process proves more beneficial for all stakeholders involved. A final point to consider is the direct correlation between the DEUS and SYMM price and their ability to generate yield. The yield generated results in a protocol surplus that can repay DEUS holders' obligations. Whether a DEUS holder bought at $1000 and now faces a loss or has been affected by the DEI incident, every user has a specific yield and price target in mind. In essence, these elements are directly correlated. If the protocol fails to generate yield to repay its losses, there will not be any price increase. Therefore, by holding bDEI in hopes of future profits, users are betting on the price of the underlying token (DEUS or SYMM) to rise. If no yield is generated, the token's price will not increase. Suppose users do not believe that DEUS can reach $185 per token. In that case, they also communicate that they do not anticipate the protocol to generate any protocol profits to repay bDEI as a whole. We hope this correlation makes sense. Thus, holding bDEI and waiting for protocol profits or migrating to DEUS are essentially the same. Similarly, migrating at a higher price is identical to waiting for protocol profits to repay bDEI. The only change lies in the token users hold. At the same time, they wait, and we hope everyone agrees that simplicity is essential and that having to decide between a complex system and a simple system is essentially achieving the same thing. Choosing the more straightforward system is always the wiser choice. \ Conclusion: ----------- As communicated previously, in the original split medium post ## **bDEI as well as legacyDEI on all chains will cease to exist** **in about six months if no more USDC can be recouped.** The essence of this change lies in its ability to simplify our token ecosystem, thus enhancing liquidity, user engagement, and the protocol's overall resilience. Regardless of holding bDEI or migrating to DEUS or SYMM, the anticipation of returns is tied to the protocol's ability to generate yield and maintain a healthy ecosystem. # Users Who Purchased DEI During the May 5 Incident ## Reimburse cost basis #### As detailed in our past announcements, The DEUS team has pledged to reimburse the cost basis for those users who purchased DEI during this incident. ## Reasoning #### to reimburse those who tried to profit from the Incident As the nature of the exploit was such that it prevented us from divulging specific details, to deter potential copycat attempts. We are aware that our communication during this period may have appeared unclear to some, despite our repeated advisories not to interact with the contracts. Therefore, we consistently conveyed our intent to compensate the cost basis for all affected users, barring a few exceptions. ## Exclusions Those who capitalized on the incident, those who exploited the flaws in the DEI contract, and those demonstrating malicious intent will be exempted from this reimbursement scheme. While we choose not to disclose the complete specifics of our investigative process, we thank you for your understanding and cooperation in this matter. ## how exactly will the long-term reimbursement work? The DEUS team calculated your cost basis, subtracted any profits made, and will grant one bDEI for each USD of the adjusted cost basis. A more comprehensive explanation of how bDEI operates and how it can be utilized to offset debt is available in a specific section of our Gitbook. We highly recommend that you read it for a thorough understanding. [bonded DEI (bDEI)](/contracts/reimbursement-guide/long-term-reimbursement-plan/bonded-dei-bdei) / [SYMM / DEUSmigration](/contracts/reimbursement-guide/long-term-reimbursement-plan/symm-deusmigration) / [Reimbursement Process](/contracts/reimbursement-guide/reimbursement-process#bonded-dei-bdei) \ What can someone do with his bDEI? ---------------------------------- The option to retain your bDEI in anticipation of a potential recovery of additional USDC. Alternatively, users can migrate their holdings to SYMM or DEUS, thereby making it liquid and sellable but also eligible to earn protocol profits in the future. More details on this process are elaborated upon in a subsequent section of the Gitbook. [SYMM / DEUSmigration](/contracts/reimbursement-guide/long-term-reimbursement-plan/symm-deusmigration) An explanation to why bDEI should be migrated and cannot earn protocol profits as bDEI is detailed here [bonded DEI (bDEI)](/contracts/reimbursement-guide/long-term-reimbursement-plan/bonded-dei-bdei) The links to the announcements and detailed procedures can be found below: \[Announcement Links] \[Gitbook Section Links] {% embed url="" %} {% embed url="" %} Thank you for your continued trust and support in DEUS as we strive to rectify this situation and safeguard our community's interests. # DEI - Depeg Summary of the ongoing research and development around the DEI depeg on 5th of may 2023 # Incident - Analytic Summary ## Incident Analysis ### Incident On 5th May at approximately 19:52 Berlin Time, the DEUS Finance project and its DEI token listed on the Chronos Exchange on the Arbitrum platform experienced a significant security breach due to a bug in the DEI token implementation. An unknown attacker exploited the implementation and stole all funds from the underlying Liquidity Pool. Amidst the turmoil, numerous users bought, sold, and transferred their DEI tokens, exacerbating the situation. The projected loss for users of the DEUS Finance platform currently stands at approximately -5,838,827.80. More details [here.](/contracts/reimbursement-guide/dei-depeg) ### Exploiter Profile \ We postulate that the initial attack was a hurried and inadequately prepared exploit. The evidence that led us to this assumption includes the attacker's rushed development, as evidenced by an MEV bot front-running them on BSC. Interestingly, the attacker removed USDC from the pool but redeposited DEI back into the pool. This allowed participants to purchase DEI for cents and transfer it to other LP pools. If the attacker had allocated more time for planning, they could have simultaneously targeted all LP pools across all chains. Moreover, they could have been the first to exhaust all bridge funds for movement to Fantom. However, their rushed actions created massive arbitrage opportunities for other participants rather than capitalizing on them themselves. These actions resulted in losses for DEI holders. However, the losses didn't benefit the initial attacker, which leads us to believe that the attack was more of a quick and dirty solution. We conjecture that the attacker opted for a rushed approach, likely fearing that someone else might discover the bug or that his main target was causing maximum damage. More about the [attack itself](broken://pages/rUOMJC5AmyEu6U6I6WDu). ### Impact Assessment The full extent of the damage is yet to be determined. However, as of the recent estimates, full recovery for LPs is estimated at 70%, restoring DEI to its total value, backing at 90% as before. More about the [recovery.](broken://pages/2PWdIXskWgSBK3Se4kpz#recovering-funds) ### Technical Analysis The technical cause of the exploit is tied to implementing a self-written permissionless `burnFrom` function within the DEI token contract. The DEI team had previously decided to implement the Lossless ERC20 contract, which created an issue when trying to implement a `burnFrom` due to LERC20's lack of a `_spendAllowance` function. As a result, the DEI team implemented a custom-written burnable function, which led to the exploit. More about the [attack details](/contracts/reimbursement-guide/dei-depeg/incident-analytic-summary/attack-details) & the [reasoning](/contracts/reimbursement-guide/dei-depeg/incident-analytic-summary/the-cause-for-the-exploit). ### Recovery Plan The DEI team is working on a recovery plan, which includes thoroughly assessing the damage and restoring balances for DEI holders and LPs. In the mid-term, the team is looking at internal & external structural changes to ensure that such an incident do not occur again in the future. A detailed recovery plan will be released in the upcoming weeks [here.](/contracts/reimbursement-guide/dei-depeg/incident-analytic-summary/reimbursement-plan) ### Moving forward * Future Preventative Measures Lessons Learned. * Proposed Changes in security processes [Here](/contracts/reimbursement-guide/dei-depeg/incident-analytic-summary/moving-forward), we will formulate a strategic evaluation and blueprint designed to preempt and mitigate such errors in future operations. ### # Summary **This section of the Gitbook is currently being updated, as the DEUS team is actively involved in fund recovery and capturing snapshots of user balances to prepare for the return of the reclaimed funds. At present, the recovery rate for** **We are currently estimating a recovery of 71%. (including all LPs across all chains)** **Example with recovery values above: someone held 10000 $ as 5,000 DEI and 5,000 USDC he will be getting 5,000 fully backed DEI + 2100 USDC back = 71% recovered**
{% hint style="info" %} Current calculations show that 71% of the total LP value could be recovered. Please wait until the full recovery plan is announced before coming to conclusions about recovered funds and how they will be returned. Please also note that the comprehensive reimbursement snapshot hasn't been completed, and final figures may vary. This Gitbook will continually be updated with the most recent data as it becomes available. {% endhint %} ### Incident On 5th May at approximately 19:52 Berlin Time, the DEUS Finance project and its DEI token listed on the Chronos Exchange on the Arbitrum platform experienced a significant security breach due to a bug in the DEI token implementation. An unknown attacker exploited the implementation and stole all funds from the underlying Liquidity Pool. Amidst the turmoil, numerous users bought, sold, and transferred their DEI tokens, exacerbating the situation. The projected loss for users of the DEUS Finance platform currently stands at approximately 10 million. ### Recovering funds The team opened communication channels with the attacker through on-chain messages, recovering 4 million in stablecoins from the initial 5m lost. Other whitehats helped to rescue and return funds, in total 1.5m USDC. {% embed url="" %} We have completed the selling of Ethereum (ETH) that was recovered from the initial attacker on Arbitrum. These actions have resulted in substantial recoupment of assets, as detailed below: ![1️⃣](https://discord.com/assets/68546f5fc3b2166f42cf90b7e23c5ae9.svg) On arbitrum, we have recovered 4,913,198 USDC, currently held in the following address: `0xb80cf3af288f24d6eee35183eda1564bfeeb874a`. On BSC, we secured 1,070,127 DAI, held at this address: `0x7f5ae1dc8d2b5d599409c57978d21cf596d37996`. Holdings from the USDC depeg in the multi-signature wallet (msig), with the address `0x5b598261c2a8a9b2fb564ff26be93b79a87e554d`. The holdings are as follows: 1,955,000 DAI 1,161,000 USDT 450,000 USDD 200 USDC On Fantom (FTM), the PoolUSDC holds 2,466,698 at these address: `0x6e0098a8c651f7a6a9510b270cd02c858c344d94` In summary, we have successfully solidified our liquid assets position. Considering all the transactions mentioned earlier and holdings, our total liquid assets as DEI backing currently stand at **12,016,223.**
### Key Events and Findings: 1. 5th May, 19:52 Berlin Time. - Initial detection of unauthorized activity within the Chronos Exchange. An unknown attacker exploits a bug in the DEI token implementation, stealing all funds from the Liquidity Pool. 2. On 5th May, shortly after the attack - the DEUS team was notified of the issue and reacted to identify the root cause and stop the attack, involving whitehats and creating a war room. However, panic ensues as users buy, sell, and move their DEI tokens, further damaging others. 3. 5th May, late-night - The DEUS team contacts Circle and the Arbitrum Foundation to discuss freezing the hacker's funds without success. The hacker swaps his stolen USDC into wETH potentially to protect himself from Circle freezing his account. The DEUS team freezes all contracts and whitehats abusing the exploit to burn DEI from all users directly, removing their balances. 4. 6th May - DEUS team collaborates with Chainalysis, an intelligence agency specializing in cryptocurrency-related crime cases, to create a case report and open a criminal case. 5. 7th May - Another message is being sent to the main attacker to motivate him to communicate, and an official case report with the police is being filed. 6. 7th May - Initial attacker responded to the team's message and successfully returned 2023 ETH to the team that was swapped into USDC, and brought the total recovered funds to 12,734,935.84. 7. 8th May & still ongoing, the DEUS team has been laboring tirelessly to reinstate DEI balances. The unique nature of the attack presented whitehats with opportunities to halt the hack by taking advantage of the exploitable `burnFrom` implementation to eradicate and burn all user balances, thereby mitigating the potential for further damage. \ \ However, this proactive measure has resulted in the restoration of balances being an enormous task, likely to take at least two weeks or potentially longer. We are currently dedicating most of DEUS' resources to this task and will continue to provide updates as more information becomes available. # Attack Details ### Attack Details: **By exploiting the DEI token implementation bug, the attacker could manipulate allowances, transfer DEI out of the pair, and swap it for a significant amount of USDC.** The series of events led to the massive security breach and loss of user funds on the Chronos Exchange on the Arbitrum platform, as well as on all other exchanges on which the DEI token was listed. An in-depth examination of the attack can be found by analyzing the following Arbitrum transaction: #### Here is a simplified explanation of the attacker's method and steps taken: 1. First, the attacker takes advantage of the bug in the DEI token implementation, which allows them to increase the allowance for any DEI holder. Consequently, the attacker can move any $DEI funds. #### Step 1: The attacker calls DEI.burnFrom(spender = sAMM Pair, amount = 0). The burnFrom implementation involves the approve implementation, where \_approve(sAMM, attacker, currentAllowance) is called. That allowed the attacker to spend any 'currentAllowance' from the sAMM Pair. Link to the source code:\ `_allowances[_msgSender()][account]` should be `_allowances[account][msgSender()]` ### The exploitable burnFrom function: {% code fullWidth="true" %} ``` function burnFrom(address account, uint256 amount) public virtual { uint256 currentAllowance = _allowances[_msgSender()][account]; _approve(account, _msgSender(), currentAllowance - amount); _burn(account, amount); } ``` {% endcode %} ### The related \_approve function: {% code lineNumbers="true" fullWidth="true" %} ``` function _approve( address owner, address spender, uint256 amount ) internal virtual { _allowances[owner][spender] = amount; emit Approval(owner, spender, amount); } ``` {% endcode %} ### Step 2: The attacker abuses the broken `burnFrom` to increase his allowance & `transferFrom` all DEI out of the pair.
### Step 3: The attacker calls sAMM.sync() which recalculates the reserves based on the token balances. After calling `sync`, DEI `reserve0` is 1, USDC `reserve1` is 5,047,470,472,573.
#### Step 4: * The attacker calls swap() and trades the difference. Now, 0 DEI is worth 5 million USDC. Call swap() and trade the difference; 0 DEI is worth 5M USDC now.
### Step 5: The attacker transfers DEI back This step allowed for massive further damages.
This step allows for massive, massive further damages. Attackers' accrued profits of approximately $5 million, yet the consequential damages far exceed this figure, estimated to be between $8-10 million based on our current analysis. (before recovering funds, check recovery [here](/contracts/reimbursement-guide/dei-depeg#recovering-funds)) Based on this step, we conjecture that the attacker opted for a rushed approach, likely fearing that someone else might discover the bug or that his main target was causing maximum damage. Read more about it [here.](/contracts/reimbursement-guide/dei-depeg/incident-analytic-summary#exploiter-profile)
### Relevant Links: 1. Transaction leading to the hack:[ https://arbiscan.io/tx/0xb1141785b7b94eb37c39c37f0272744c6e79ca1517529fec3f4af59d4c3c37ef](https://arbiscan.io/tx/0xb1141785b7b94eb37c39c37f0272744c6e79ca1517529fec3f4af59d4c3c37ef) 2. Address holding funds after the attacker swapped USDC to WETH:[ https://arbiscan.io/address/0x189cf534de3097c08b6beaf6eb2b9179dab122d1](https://arbiscan.io/address/0x189cf534de3097c08b6beaf6eb2b9179dab122d1) # The cause for the exploit A Retrospective Analysis: Unpacking the Reasons for the Exploit Currently being prepared. # Reimbursement plan A reimbursement plan is currently being prepared. Get an overview of [recovered funds.](/contracts/reimbursement-guide/dei-depeg#recovering-funds) {% hint style="info" %} To manage expectations, reinstating user balances that got burnt during the whitehat attack. We anticipate that it will likely take 1 to 2 weeks to complete (until the end of May). We aim to provide regular updates during this period and expect to be able to share some approximate figures within the next few days. {% endhint %} # Moving Forward formulate a strategic evaluation and blueprint designed to preempt and mitigate such errors in future operations. #### Currently being prepared. * Future Preventative Measures * Lessons Learned. * Proposed Changes in security processes # Legals & Disclaimer ## Legal Disclaimer Before utilizing or or any of its sub-domains (hereafter referred to as the "Website"), carefully review this disclaimer. By accessing the Website, you acknowledge that you accept this legal disclaimer and agree to abide by it. If you do not consent, refrain from using the Website. ### Non-advisory nature of published information The information available on the Website does not constitute investment, financial, trading, or any other type of advice, and should not be regarded as such. The Website is provided as a public service by our team, who disclaim all liability for any damages resulting from the use of, reference to, or reliance on any information within the Website. While the Website's content is updated periodically, no assurance is given that the information is accurate, comprehensive, or current. ### Potential risks associated with usage The Website shall not be held accountable for any losses, damages, or claims arising from events within the scope of occurrences such as, but not limited to: user errors (e.g., incorrectly addressed payments), software issues related to the Website or associated software or services (e.g., malware or insecure cryptographic libraries), technical failures (e.g., hardware wallet malfunctions), user security problems (e.g., unauthorized wallet access), or actions or inactions of third parties (e.g., service provider bankruptcy, security breaches involving service providers, or third-party fraud). ### Cryptocurrency investment risks Investing in cryptocurrencies may result in monetary loss and experience significant price fluctuations. The information presented on the Website cannot ensure the absence of financial loss. Users of the Website are responsible for comprehending these risks, conducting their own due diligence, and deciding how to engage with the Website. ### Tax obligation compliance Website users are solely responsible for determining the applicable taxes, if any, on their cryptocurrency holdings. The Website's owners or contributors bear no responsibility for determining the taxes applicable to user transactions. ### No guarantees are provided The Website is offered "as is" without any warranties pertaining to the Website and/or any content, data, materials, and/or services provided on the Website. The Website's functionality is not guaranteed and may be partially or entirely disabled without prior notice. ### Security limitations Complete risk elimination through internal or external security audits is not guaranteed. The Website or its services are not assured to be secure or free of bugs or viruses. ### Liability restrictions Except as required by law, the Website's owners or contributors shall not be liable for any damages, including but not limited to, loss of use, loss of profits, or loss of data, arising from or connected to the use of the Website. ### Dispute resolution Users of the Website consent to arbitration for any disputes arising from or related to the Website or this disclaimer, excluding disputes involving copyrights, logos, trademarks, trade names, trade secrets, or patents.
**DEUS Finance is a copyrighted trademark of DEUS Labs A.G.** Contact: **** # Bug Bounty ### Rewards by Threat Level Rewards are distributed according to the impact of the vulnerability based on the [Immunefi Vulnerability Severity Classification System V2.2](https://immunefi.com/immunefi-vulnerability-severity-classification-system-v2-2/) This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from the consequence of exploitation to privilege required to likelihood of a successful exploit. ## **Introduction:** DEUS DAO is committed to maintaining robust security within its Smart Contract system. As part of this commitment, we have instituted a bounty program to reward those who identify and responsibly disclose vulnerabilities. The program is categorized into different reward tiers, reflecting the severity and potential economic impact of the discovered bugs. **Eligibility and Requirements:** 1. **Proof of Concept (PoC):** All bug reports should include a runnable PoC and a suggestion for a fix. Mere explanations and statements will be accepted if a PoC can be produced together with the team. 2. **Previously Discovered Bugs:** If a bug report covers an issue that has already been identified, it will not be eligible for the program. In such cases, DEUS DAO will provide proof that the issue is already known. **Reward Tiers:** 1. **Critical Level:** * $100,000 or up to 10% of the (potential) economic damage on contracts with more funds locked than 1 million USD. * The 10% rule also applies to funds already removed without authorization from respective contracts. In such cases, 90% of the funds must be immediately returned, and 10% can be kept as a Whitehat bounty reward. * The 10% rule can also be claimed as a general bug bounty on contracts above $1m TVL, by providing a PoC or by assisting the team in creating a PoC. The 10% rule only applies for contracts that are live, and have a TVL more than $1M\
1. **High Level:** * $50,000 or up to 10% of the (potential) economic damage. * The 10% rule, as outlined in the Critical Level section, also applies. 2. **Medium Level:** * USD $5,000 Payout. * Runnable PoC required. 3. **Low Level:** * USD $1,000 Payout. * Runnable PoC required. #### Smart Contracts | Level | Impact | | ----------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 5. Critical |

- Any governance voting result manipulation
- Direct theft of any user funds, whether at-rest or in-motion, other than unclaimed yield
- Direct theft of any user NFTs, whether at-rest or in-motion, other than unclaimed royalties
- Permanent freezing of funds
- Permanent freezing of NFTs
- Miner-extractable value (MEV)
- Unauthorized minting of NFTs
- Predictable or manipulable RNG that results in abuse of the principal or NFT
- Unintended alteration of what the NFT represents (e.g. token URI, payload, artistic content)
- Protocol insolvency

| | 4. High |

- Theft of unclaimed yield
- Theft of unclaimed royalties
- Permanent freezing of unclaimed yield
- Permanent freezing of unclaimed royalties
- Temporary freezing of funds
- Temporary freezing NFTs

| | 3. Medium |

- Smart contract unable to operate due to lack of token funds
- Block stuffing for profit
- Griefing (e.g. no profit motive for an attacker, but damage to the users or the protocol)
- Theft of gas
- Unbounded gas consumption

| | 2. Low |

- Contract fails to deliver promised returns, but doesn't lose value

| | 1. None | - Best practices | Payouts are handled by **DEUS DAO** directly and are denominated in **USDC or DEUS**. # Terms of Service DEUS FINANCE extended TERMS OF SERVICE Disclaimer re-published on: 24.08.2022 Last updated on: 10.05.2023
These Deus Finance Terms of Service, together with any documents expressly incorporated by reference (the “Terms” or the “Agreement”), are entered into by and between you or the company or any other legal entity you represent (the “User,” “Guest,” “Customer,” you or your, as the context may require). DEUS Labs A.G., duly incorporated and registered in the Marshall Islands (the “Company,” “Deus Finance,” “Deus,” we, or us, or our, as the context may require) and constitutes a binding legal agreement between you and the Company. You and the Company are each a “Party” and, together, the “Parties” to these Terms. These Terms govern your access to and use of deus.finance & dei.finance, including any content, functionality (the “Website”), Deus Finance Platform that is accessible through the Website (the “Platform”), as well as any products and services offered on or through the Website, or the Platform (the “Services”), whether as a guest or a registered user. 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5. ## THE SERVICES
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6. ## FEES AND TAXES
1. Any service or other fees or any other prices of the Services offered on the Website or/and on the Platform shall be stated at all times on our Website or/and on the Platform and available to you before you make your purchase. If not expressly stated otherwise, all fees and prices are exclusive of VAT and any other taxes applicable. 2. Taxes. Users bear sole responsibility for paying any and all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the Website, the Platform and the Services, and/or payable as the result of using and/or exploiting any crypto assets and interacting with smart contracts. Blockchain-based transactions are novel, and their tax treatment is uncertain. 3. Prices listed are, unless stated otherwise, exclusive of transaction costs charged by the blockchain network in the network’s native currency to compensate for the computing energy required to successfully process and validate transactions on blockchain (“Gas Fees”). Payment of Gas Fees is entirely separate and independent from payments made to us for our Services.
7. ## GENERAL USE, PROHIBITED USE, AND TERMINATION
1. Limited License. We hereby grant you a personal, non-exclusive, non-transferable, non-sublicensable and limited license, subject to these Terms, to access and use the Website, the Platform and the Services solely for informational, transactional, or other approved purposes as permitted by the Company from time to time. Any other use of the Website, the Platform and the Services is expressly prohibited. You agree that this Agreement does not grant you any rights in or licenses to the Website, the Platform and the Services, except for this express, limited license. You will not otherwise copy, transmit, distribute, sell, resell, license, decompile, reverse engineer, disassemble, modify, publish, create derivative works from, perform, display, incorporate into another website, or in any other way exploit any of the content available on the Website and the Platform, or any other part of the Website and the Platform or any derivative works thereof, in whole or in part for commercial or non-commercial purposes. Without limiting the foregoing, you will not frame or display the Website and the Platform (or any portion thereof) as part of any other website or any other work of authorship without prior written permission. If you violate any portion of this Agreement, your permission to access and use the Website and the Platform may be terminated pursuant to this Agreement. In addition, we reserve the right to all remedies available by law and for any such violation. 2. Website Accuracy. Although we intend to provide accurate and timely information on the Website and the Platform, the Website and the Platform may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. 3. Prohibited Use. In connection with your use of the Platform and the Services, and your interactions with other users, and third parties, hereby you agree and represent that: you will not violate any law, contract, intellectual property or other third-party rights and will not engage in any illegal, unauthorized, or improper activity. you will not violate any applicable federal, state, local or international law or regulation, contract, Intellectual Property or other third-party rights and will not engage in any illegal, unauthorized, or improper activity; without limiting the foregoing, you will not: (i) use any electronic communication feature of the Website, the Platform or the Services for any purpose that is unlawful, tortious, abusive, intrusive on another's privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful; (ii) upload, post, reproduce or distribute any information, software or other material protected by copyright or any other Intellectual Property right (as well as rights of publicity and privacy) without first obtaining the permission of the owner of such rights; (iii) use the Website, the Platform or the Services for any commercial purpose not expressly pre-approved by the Company in writing; (iv) use the Website, the Platform or the Services in connection with surveys, contests, pyramid schemes, chain letters, junk email, spamming, or any duplicative or unsolicited messages (commercial or otherwise), defame, abuse, harass, stalk, threaten or otherwise violate the legal rights (such as rights of privacy and publicity) of others, publish, post, distribute or disseminate any inappropriate, profane, defamatory, obscene, indecent or unlawful topic, name, material or information; to engage in any other conduct that restricts or inhibits anyone’s use or enjoyment of the Website, the Platform or the Services, or which, as determined by us, may harm the Company or users of the Website, the Platform or the Services, or expose them to liability. Additionally, you agree not to: * engage in behavior that will put your personal information at unnecessary risk, such as leaving, transmitting, or publishing your login or passwords; * upload, or otherwise make available, files that contain images, photographs, software, or other material subject to Intellectual Property rights, including, by way of example and not as a limitation, copyright or trademarks (or by rights of privacy or publicity) unless you own or control the rights thereto or have received all necessary consent to do the same, use any material or information, including images or photographs, which are made available through the Services in any manner that infringes any copyright, trademark, patent, trade secret, or other proprietary rights of any party; * use the Website, the Platform or the Services in any manner that could disable, overburden, damage, or impair the Website or interfere with any other party’s use of the Website or the Platform, including their ability to engage in real time activities through the Website or the Platform; * use any robot, spider or other automatic devices, process or means to access the Website or the Platform for any purpose, including monitoring or copying any of the material on the Website or the Platform; * use any manual process to monitor or copy any of the material on the Website or on the Platform or for any other unauthorized purpose without our prior written consent; * use any device, software or routine that interferes with the proper working of the Website, the Platform or the Services; * introduce any viruses, trojan horses, worms, time or logic bombs, cancelbots, corrupted files or any other similar software or programs that may damage the operation of another’s computer or damage the property of another, advertise or offer to sell or buy any goods or services for any business purpose, falsify or delete any copyright management information such as author attributions, watermarks, legal or other proper notices or proprietary designations or labels of the origin or source of software or other material contained in a file that is uploaded, violate any code of conduct or other guidelines that may be applicable, harvest or otherwise collect information about others, including email addresses, violate any applicable laws or regulations, or create a false identity for the purpose of misleading others; * attempt to gain unauthorized access to, interfere with, damage or disrupt any parts of the Website, the Platform or the Services, the server on which the Website or the Platform is stored, or any server, computer or database connected to the Website, the Platform or the Services; * otherwise attempt to interfere with the proper working of the Website, the Platform or the Services; * use the Website or the Platform to advertise or offer to sell goods and services; * sell or otherwise transfer your account/profile. You acknowledge and agree that any violation of these Terms, including providing false or misleading information, can lead to termination of your use or participation in the Website, the Platform or the Services, deletion of your account and any content or information that you posted at any time, without warning, in our sole discretion.
8. RELIANCE ON INFORMATION POSTED
1. The information presented on or through the Website, the Platform or the Services is made available solely for general information purposes. We do not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Website, or by anyone who may be informed of any of its contents. 2. Corrections. There may be information on the Website or the Platform that contains typographical errors, inaccuracies, or omissions, including descriptions, pricing, availability, and various other information. We reserve the right to correct any errors, inaccuracies, or omissions and to change or update the information on the Website or the Platform at any time, without prior notice. 3. This Website, the Platform or the Services may include content provided by third parties, including materials provided by other users, bloggers and third-party licensors, syndicators, aggregators and/or reporting services. All statements and/or opinions expressed in these materials, and all articles and responses to questions and other content, other than the content provided by the Company, are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of the Company. We are not responsible, or liable to you or any third party, for the content or accuracy of any materials provided by any third parties. 4. Advertisers. We allow advertisers to display their advertisements and other information in certain areas of the Website or the Platform, such as sidebar advertisements or banner advertisements. If you are an advertiser, you shall take full responsibility for any advertisements you place on the Website or the Platform and any services provided on the Website or the Platform or products sold through those advertisements. Further, as an advertiser, you warrant and represent that you possess all rights and authority to place advertisements on the Website or the Platform, including, but not limited to, intellectual property rights, publicity rights, and contractual rights. We simply provide the space to place such advertisements, and we have no other relationship with advertisers. 5. Links from the Website and the Platform. If the Website or the Platform contains links to other sites and resources provided by third parties, these links are provided for your convenience only. This includes links contained in advertisements, including banner advertisements and sponsored links. We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them. If you decide to access any of the third-party websites linked to this Website or the Platform, you do so entirely at your own risk and subject to the terms and conditions of use for such websites.
9. ## RETENTION OF INTELLECTUAL PROPERTY RIGHTS
1. These Terms shall not be understood and interpreted in a way that they would mean the assignment of Intellectual Property rights unless it is explicitly defined so in these Terms. You may not use any of Intellectual Property for any reason, except with our express, prior, written consent. 2. The Website, the Platform and any of the Services, including their design elements or concepts and any and all underlying Intellectual Property, including, but not limited to copyrights, patents, service marks, any registered trademarks, domain names and other proprietary rights, are the property of the Company, and are protected by copyright, patent, trade secret and other intellectual property laws. Unless otherwise expressly stated, the Company retains any and all rights, title and interest in and to the Website, the Platform and the Services (including, without limitation, all Intellectual Property rights), including all copies, modifications, extensions and derivative works thereof. Your right to use the Website, the Platform and the Services is limited to the rights expressly granted in these Terms. No licenses to use any of trademarks or any other Company’s brands are to be inferred or assumed pursuant to the use of any of the Services. All rights not expressly granted to you are reserved and retained by the Company.

10. ## LIMITATIONS OF LIABILITY
1. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL COMPANY OR ANY OF THE COMPANY PARTIES OR ANY OF THE ASSOCIATED PARTIES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY LOSSES OR DAMAGES OF ANY KIND (INCLUDING, BUT NOT LIMITED TO, WHERE RELATED TO LOSS OF REVENUE, INCOME OR PROFITS, DIMINUTION OF VALUE, LOSS OF USE OR DATA, LOSS OR DEPLETION OF GOODWILL, LOSS OF BUSINESS OPPORTUNITY, LOSS OF CONTRACT, DAMAGES FOR BUSINESS INTERRUPTION, LOSS OF ANTICIPATED SAVINGS, OR THE LIKE) ARISING OUT OF OR IN CONNECTION WITH ANY ACCEPTANCE OF OR RELIANCE ON THIS AGREEMENT, OR WITH THE USE OF THE WEBSITE, THE PLATFORM AND/OR THE SERVICES OR OTHERWISE RELATED TO THESE TERMS, REGARDLESS OF THE FORM OF ACTION, WHETHER BASED IN CONTRACT, TORT (INCLUDING, BUT NOT LIMITED TO, SIMPLE NEGLIGENCE, WHETHER ACTIVE, PASSIVE OR IMPUTED), OR ANY OTHER LEGAL OR EQUITABLE THEORY (EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE). 2. IN ADDITION TO THE FOREGOING, NO \[INSERT THE COMPANY NAME] INDEMNIFIED PARTY SHALL BE LIABLE FOR ANY DAMAGES CAUSED IN WHOLE OR IN PART BY: (A) USER ERROR, SUCH AS FORGOTTEN PASSWORDS OR INCORRECTLY CONSTRUCTED SMART CONTRACTS OR OTHER TRANSACTIONS; (B) SERVER FAILURE OR DATA LOSS; (C) THE MALFUNCTION, UNEXPECTED FUNCTION OR UNINTENDED FUNCTION OF THE BLOCKCHAIN, ANY COMPUTER OR CRYPTO ASSET NETWORK (INCLUDING ANY WALLET PROVIDER), INCLUDING WITHOUT LIMITATION LOSSES ASSOCIATED WITH NETWORK FORKS, REPLAY ATTACKS, DOUBLE-SPEND ATTACKS, SYBIL ATTACKS, 51% ATTACKS, GOVERNANCE DISPUTES, MINING DIFFICULTY, CHANGES IN CRYPTOGRAPHY OR CONSENSUS RULES, HACKING, OR CYBERSECURITY BREACHES; (D) ANY CHANGE IN VALUE OF ANY CRYPTO ASSET; (E) ANY CHANGE IN LAW, REGULATION, OR POLICY; (VI) EVENTS OF FORCE MAJEURE; OR (F) ANY THIRD PARTY. 3. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL COMPANY OR ANY OF THE COMPANY PARTIES OR ANY OF THE ASSOCIATED PARTIES SHALL BE LIABLE FOR ANY CRYPTOGRAPHIC TOKENS, TOKENIZED ASSETS OR ANY TRADITIONAL ASSETS (LIKE STOCKS OR COMMODITIES) BEING USED ON THE WEBSITE, THE PLATFORM OR THE SERVICES IN A MANNER THAT (I) VIOLATES, EXPLOITS, OR HARMS, OR ATTEMPTS TO VIOLATE, EXPLOIT, OR HARM, THE LEGAL RIGHTS (INCLUDING THE RIGHTS OF PUBLICITY AND PRIVACY) OF ANY PERSON OR THIRD PARTY; (II) PROMOTES ANY ILLEGAL ACTIVITY, OR ADVOCATES, PROMOTES OR ASSISTS ANY UNLAWFUL ACT; (III) CAUSES ANNOYANCE, INCONVENIENCE OR NEEDLESS ANXIETY OR BE LIKELY TO UPSET, EMBARRASS, ALARM OR ANNOY ANY PERSON OR THIRD PARTY; (IV) STALKS, HARASSES, INTIMIDATES, OR HARMS ANY PERSON OR THIRD PARTY; (V) TRACKS ANY PERSON OR THIRD PARTY WITHOUT THEIR EXPLICIT CONSENT; (VI) COULD GIVE RISE TO ANY CIVIL OR CRIMINAL LIABILITY UNDER ANY APPLICABLE LOCAL, STATE, NATIONAL OR INTERNATIONAL LAWS, STATUTES, ORDINANCES, RULES, REGULATIONS OR ETHICAL CODES GOVERNING YOUR JURISDICTION, INCLUDING CONFIDENTIALITY, DATA PROTECTION, AND INTELLECTUAL PROPERTY LAWS; OR (VII) ENGAGES IN ANY ILLEGAL, UNAUTHORIZED OR IMPROPER ACTIVITIES. 4. TO THE FULLEST EXTENT AS PERMITTED BY LAW, ACCESS TO, AND USE OF, THE SERVICES, PRODUCTS OR THIRD-PARTY SITES AND PRODUCTS ARE AT YOUR OWN DISCRETION AND RISK, AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE OR LOSS OF DATA RESULTING THEREFROM. IN NO EVENT WILL THE DEUS Labs AG INDEMNIFIED PARTIES’ CUMULATIVE LIABILITY TO YOU OR ANY OTHER USER, FROM ALL CAUSES OF ACTION AND ALL THEORIES OF LIABILITY EXCEED. 5. UNDER NO CIRCUMSTANCES SHALL ANY DEUS Labs INDEMNIFIED PARTY BE REQUIRED TO DELIVER TO YOU ANY VIRTUAL CURRENCY AS DAMAGES, MAKE SPECIFIC PERFORMANCE, OR ANY OTHER REMEDY. IF YOU WOULD BASE YOUR CALCULATIONS OF DAMAGES IN ANY WAY ON THE VALUE OF VIRTUAL CURRENCY, YOU AND WE AGREE THAT THE CALCULATION SHALL BE BASED ON THE LOWEST VALUE OF THE VIRTUAL CURRENCY DURING THE PERIOD BETWEEN THE ACCRUAL OF THE CLAIM AND THE AWARD OF DAMAGES. 6. THE LIMITATIONS SET FORTH IN THIS CLAUSE 10 WILL NOT LIMIT OR EXCLUDE LIABILITY FOR THE GROSS NEGLIGENCE, FRAUD OR INTENTIONAL, WILLFUL OR RECKLESS MISCONDUCT OF THE COMPANY. 7. Some jurisdictions do not allow the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the limitations of this Clause 10 may not apply to you.

11. INDEMNIFICATIONS
1. You agree to indemnify, defend, and hold harmless the Company, its present and future Affiliates and Service Providers, and each of their present and future officers, directors, agents, joint venturers, employees, representatives, partners, and licensors (collectively “Indemnified Parties”, and each such person or entity individually, “Indemnified Party”) from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of: (a) your breach or alleged breach of the Agreement (including, without limitation, these Terms); (b) anything you contribute to the Services; (c) your misuse of the Website, the Platform and the Services, or any smart contract and/or script related thereto; (d) your violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental or quasi-governmental authorities; (e) your violation of the rights of any third party, including any intellectual property right, publicity, confidentiality, property, or privacy right; (f) your use of a third-party product, service, and/or website; or (g) any misrepresentation made by you. We reserve the right to assume, at your expense, the exclusive defense and control of any matter subject to indemnification by you. You agree to cooperate with our defense of any claim. You will not in any event settle any claim without our prior written consent.

12. ## NO WARRANTIES OF THE COMPANY
1. We make no representations or warranties. THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE AND OUR INDEMNIFIED PARTIES MAKE NO GUARANTEES OF ANY KIND IN CONNECTION WITH THE SERVICES. TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE COMPANY AND THE INDEMNIFIED PARTIES DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT AND DISCLAIM ALL RESPONSIBILITY AND LIABILITY FOR: (A) THE WEBSITE, THE PLATFORM AND THE SERVICES BEING ACCURATE, COMPLETE, CURRENT, RELIABLE, UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE. INFORMATION (INCLUDING, WITHOUT LIMITATION, THE VALUE OR OUTCOME OF ANY TRANSACTION) AVAILABLE THROUGH THE SERVICE IS PROVIDED FOR GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON OR USED AS THE SOLE BASIS FOR MAKING DECISIONS. ANY RELIANCE ON THE SERVICES IS AT YOUR OWN RISK; (B) INJURY OR DAMAGE RESULTING FROM THE SERVICES. FOR EXAMPLE, YOU EXPRESSLY ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE SERVICES MAY CONTAIN AUDIO-VISUAL EFFECTS, STROBE LIGHTS OR OTHER MATERIALS THAT MAY AFFECT YOUR PHYSICAL SENSES AND/OR PHYSICAL CONDITION. FURTHER, YOU EXPRESSLY ACKNOWLEDGE THAT WE AND OUR INDEMNIFIED PARTIES ARE NOT RESPONSIBLE FOR LOSS OR DAMAGE CAUSED BY ANOTHER USER’S CONDUCT, UNAUTHORIZED ACTORS, OR ANY UNAUTHORIZED ACCESS TO OR USE OF THE SERVICES; (C) VIRUSES, WORMS, TROJAN HORSES, TIME BOMBS, CANCEL BOTS, SPIDERS, MALWARE OR OTHER TYPE OF MALICIOUS CODE THAT MAY BE USED IN ANY WAY TO AFFECT THE FUNCTIONALITY OR OPERATION OF THE SERVICES. 2. THE COMPANY AND THE INDEMNIFIED PARTIES ALSO SPECIFICALLY DISCLAIM ANY REPRESENTATION, WARRANTY OR UNDERTAKING IN ANY FORM WHATSOEVER TO ANY ENTITY OR PERSON, INCLUDING ANY REPRESENTATION, WARRANTY OR UNDERTAKING IN RELATION TO THE TRUTH, ACCURACY AND COMPLETENESS OF ANY OF THE INFORMATION SET OUT IN THIS AGREEMENT AND THE PROJECT DOCUMENTATION. WE ARE NOT RESPONSIBLE FOR THE CRYPTOCURRENCY MARKET, AND WE MAKE NO REPRESENTATIONS OR WARRANTIES CONCERNING THE REAL OR PERCEIVED VALUE OF CRYPTOGRAPHIC TOKENS AS DENOMINATED IN ANY QUOTED CURRENCY. YOU UNDERSTAND AND AGREE THAT THE VALUE OF ANY CRYPTOGRAPHIC TOKEN CAN BE VOLATILE, AND WE ARE NOT IN ANY WAY RESPONSIBLE OR LIABLE FOR ANY LOSSES YOU MAY INCUR BY HOLDING OR TRADING CRYPTOGRAPHIC TOKENS, EVEN IF OUR SERVICES ARE DELAYED, SUSPENDED, OR INTERRUPTED FOR ANY REASON. FURTHER, THE COMPANY AND ITS INDEMNIFIED PARTIES MAKE NO REPRESENTATIONS OR WARRANTIES AS TO THE QUALITY, SUITABILITY, TRUTH, USEFULNESS, ACCURACY, OR COMPLETENESS OF THE SERVICES OR ANY MATERIALS CONTAINED THEREIN. FOR CONSUMERS ONLY: WHERE APPLICABLE CONSUMER PROTECTION LAW LIMITS THE EFFECTIVENESS OF ANY PROVISION OF THESE TERMS WITH RESPECT TO CONSUMERS, SUCH PROVISION SHALL CONTINUE TO APPLY TO THE MAXIMUM EXTENT AS PERMITTED BY LAW. 3. No financial advice. WE DO NOT PROVIDE INVESTMENT ADVICE IN ANY MANNER WHATSOEVER. ANY INFORMATION MADE AVAILABLE ON THE WEBSITE AND THE PLATFORM SHOULD IN NO EVENT BE CONSTRUED AS PROVIDING, ANY INVESTMENT OR OTHER FINANCIAL ADVICE OF ANY KIND. YOU SHOULD ALWAYS SEEK FINANCIAL AND/OR INVESTMENT ADVICE AND DO YOUR OWN INDEPENDENT RESEARCH BEFORE USING OUR WEBSITE, OUR PLATFORM OR OUR SERVICES. IF YOU CHOOSE TO ENGAGE IN TRANSACTIONS BASED ON CONTENT ON THE WEBSITE, THEN SUCH DECISIONS AND INVESTMENTS AND ANY CONSEQUENCES FLOWING THEREFROM ARE YOUR SOLE RESPONSIBILITY.

13. ## MISCELLANEOUS
1. Force Majeure. We shall be in breach of these Terms nor liable for delay in performing, or failure to perform, any of its obligations under these Terms if such delay or failure results from events, circumstances, or causes beyond its reasonable control. The Parties agree that due to the specific nature of the blockchain / DLT field, the circumstances of force majeure shall in particular include also (but shall not be limited to) interruption in telecommunications or Internet services or network provider services, failure of equipment, and/or software, hacker attacks, market disturbances, increased and uncontrolled volatility of the cryptographic tokens price, other major event or natural catastrophe, change of laws or regulations, adverse regulatory or enforcement action of public authorities, technical failures and the like). 2. Entire Agreement. These Terms, including all schedules, and other documents, incorporated herein by reference, represent the entire agreement between you and us regarding the subject matter of these Terms, in particular, the use of the Website, the Platform, and the Services. These Terms supersede all prior or contemporaneous representations, understandings, agreements, or communications between you and us, whether written or verbal, regarding the subject matter of these Terms. We will not be bound by, and specifically object to, any term, condition, or other provision which is different from or in addition to the provisions of these Terms (whether or not it would materially alter these Terms) and which is submitted by you in any order, receipt, acceptance, confirmation, correspondence or other documents. We may make changes to these Terms from time to time as reasonably required to comply with applicable law or regulation. If we make changes, we will post the amended Terms on the Website and include the date of the update. The amended Terms will be effective immediately. We may assign our rights and obligations under these Terms. Our failure to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. We will not be liable for any delay or failure to perform any obligation under these Terms where the delay or failure results from any cause beyond our reasonable control. 3. Waiver. Save if expressly otherwise provided in this Agreement, neither the failure nor any delay by us in exercising any right, power, remedy or privilege under these Terms or the documents referred to herein will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege. 4. Governing Law and Jurisdiction. These Terms will be governed by and construed and enforced in accordance with the laws of the Marshall Islands. Any dispute between the Parties arising out of or relating to these Terms will be resolved and filed only in the courts of the Marshall Islands. You hereby irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts over any suit, action or proceeding arising out of these Terms. 5. Severability. In the event any one or more of the provisions of these Terms is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provisions of these Terms, and the remaining provisions of these Terms will remain operative and in full force and effect and will be interpreted according to the true will of the Parties. 6. Disputes. By accessing and using the Website, the Platform and the Services, you agree that any and all disputes or claims that cannot be resolved between the Parties, and causes of action arising out of or connected with these Terms, the use of Website, the Platform, and the Services, including disputes relating to its validity, breach, and termination, and any disputes, shall be resolved individually, without resort to any form of class action, exclusively before a court located in Marshall Islands having jurisdiction. Further, in any such dispute, under no circumstances shall you be permitted to obtain awards for, and hereby waives all rights to, punitive, incidental, or consequential damages, including reasonable attorney’s fees, other than actual out-of-pocket expenses (i.e. costs associated with accessing and using the Website, the Platform and the Services). You further waive all rights to have damages multiplied or increased. Prior to filing any claims in accordance with Clause 13.6, you undertake to send such a claim or request directly to the Company via email at . You agree that you will not file any claims in accordance with Clause 13.6 earlier than 30 (thirty) days after sending such claim or request to the Company in accordance with this Clause 13.6. Any claim, filed with the court contrary to the rules set out in this Clause 13.6, shall be rejected immediately by the tribunal as premature. ## SCHEDULE 1 - RISKS DISCLOSURES
1. Financial risks. The risk of loss in holding any cryptographic tokens can be substantial. You should therefore carefully consider whether holding any cryptographic tokens is suitable for you in light of your financial condition. When considering whether to hold any cryptographic tokens, you should be aware that the price or value of cryptographic tokens can change rapidly, decrease, and potentially even fall to zero. You also acknowledge and agree that the cost of transacting on such technologies is variable and may increase at any time causing an impact on any activities taking place on the blockchain network. The Company does not invite or make any offer to acquire, purchase, sell, transfer or otherwise deal in any crypto asset. Third parties may provide services involving the acquisition, purchase, sale, transfer, or exchange of crypto-assets; the Company does not provide any such service and does not undertake any liability in connection thereto. You acknowledge and agree with these risks and represent that the Company cannot be held liable for changes and fluctuations in value or increased costs. 2. Internet transmission risks You acknowledge and understand that there are risks associated with using crypto assets, including, but not limited to, the risk of hardware, software, and Internet connections failure or problems, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your wallet. You accept and acknowledge that the Company will not be responsible for any communication failures, disruptions, errors, distortions, or delays you may experience when using any blockchain network, Website, Platform, and Services, howsoever caused. 3. Risk of theft and hacking, unfavorable regulations, market changes Any cryptographic tokens and any blockchain technology or distributed ledger technology-related projects are new and relatively untested and outside of our exclusive control. Any adverse changes in market forces, the technology and the regulatory environment impacting our performance under these Terms shall absolve us from responsibility in this regard, including but not limited to hacking attacks, possible theft, unfavorable regulatory action, or unclear legal/tax status of cryptographic tokens. You acknowledge and agree that cryptography is a progressing field. Advances in code cracking or technical advances such as the development of quantum computers may present risks to smart contracts, cryptocurrencies, the Platform, and the Services, which could result in the theft or loss of your cryptographic tokens or property, among other potential consequences. By accessing the Website, using the Platform and the Services, you acknowledge and agree to undertake these risks.
4. The Services-related risks You acknowledge the risks of using the Services. You bear sole responsibility for evaluating the Services before using them, and all transactions accessed through the Services are irreversible, final, and without refunds. The Services may be disabled, disrupted or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify you of all of the potential risks of using and accessing our Services. You agree to accept these risks and agree that you will not seek to hold us responsible for any consequent losses. You agree and acknowledge that we do not represent or warrant that any of the Services we provide or the Website and/or the Platform itself are secure from a hacker or other malicious attack, which may result in the stealing or the loss of the User confidential information or any other data.
5. We do not guarantee the quality or accessibility of the Services As a condition to accessing or using the Website, the Platform or the Services, you acknowledge, understand, and agree that from time to time, the Website, the Platform and the Services may be inaccessible or inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance procedures or repairs, causes beyond our control or that we could not reasonably foresee, disruptions and temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of third-party service providers or external partners for any reason. You acknowledge and agree that you will access and use the Website, the Platform and the Services, at your own risk. You should not engage in blockchain-based transactions unless it is suitable given your circumstances and financial resources. By using the Services, you represent that you have been, are and will be solely responsible for conducting your own due diligence into the risks of a transaction and the underlying smart contracts and crypto assets.
6. The Website, the Platform and the Services, as developed may not meet your expectations The Website, the Platform and the Services are currently under development and may undergo significant changes before the release of the final version. Your expectations regarding the form and functionality of the Website, the Platform and the Services may not be met upon release of the Website, the Platform, deployment of the Services, additional products and services for any number of reasons, including a change in the design and implementation plans and execution of the implementation of the Platform and the Services. The Company does not offer any guarantee as to the marketability or expected use of Services and/or Platform.
7. The Services may never be completed or released The Services may never be released and operational, even though the Company will make reasonable efforts to complete and deploy it.
8. Third-party services risks We are not responsible for the content or services of any third-party, including, without limitation, any network, or apps like Discord, or MetaMask, and we make no representations regarding the content or accuracy of any third-party services or materials. The use and access of any third-party products or services, including through the Services, is at your own risk.
9. Legal risks regarding securities regulations There is a risk that in some jurisdictions the cryptographic tokens might be considered a security, or that it might be considered a security in the future. The Company does not give warranties or guarantees that cryptographic tokens will not be regarded as security in all jurisdictions. Each User shall bear their own legal or financial consequences of cryptographic tokens being considered security in their respective jurisdiction. The legal ability of the Company to provide access to the Website, the Platform and the Services in some jurisdictions may be hindered or eliminated by future regulation or legal actions.
10. Risk of unfavorable regulatory action in one or more jurisdictions Blockchain technologies have been the subject of scrutiny by various regulatory bodies around the world. The functioning of the blockchain networks and cryptographic tokens and Token may be impacted by one or more regulatory inquiries or actions, including but not limited to restrictions on the use or possession of the cryptographic tokens, which could impede or limit their existence, permissibility of their use and possession, and their value.
11. We reserve the right to restrict your access from engaging with the Website, the Platform and the Services \ You agree that we have the right to restrict your access to the Website, the Platform and the Services via any technically available methods if we suspect, in our sole discretion, that: (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged in fraudulent activity; (c) you have acquired crypto assets using inappropriate methods, including the use of stolen funds to purchase such assets; (d) you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or any other legal or regulatory authority in any applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed on the Specially Designated Nationals and Blocked Persons List (“SDN List”), Consolidated Sanctions List (“Non-SDN Lists”), or any other sanctions lists administered by OFAC; (f) you are located, organized, or resident in a country or territory that is, or whose government is, the subject of sanctions, including but not limited to the Republic of Korea, Singapore, the People’s Republic of China, Bosnia, Albania, Belarus, Burma, Côte d'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Congo-Brazzaville, Congo-Kinshasa, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Tajikistan, Russia, Zimbabwe or any other country or territory included in the OFAC or any other US, UN, EU or other applicable sanctions list; or (g) you have otherwise acted in violation of these Terms. If we have a reasonable suspicion that you are utilizing the Website and/or the Platform for illegal purposes, we reserve the right to take whatever action we deem appropriate. 12. Unanticipated risks Cryptocurrencies and blockchains are new and untested technology. In addition to the risks set forth here, there are risks that the Company cannot foresee and it is unreasonable to believe that such risks could have been foreseeable. \ Last updated on: 10.05.2023



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# How to Bridge $DEUS is natively issued on Arbitrum chain. DEUS can be bridged to and from the following chains: Arbitrum, AVAX, Base, Blast, BNB, Ethereum, Kava, Polygon, and Optimism. ### Bridging to or from Base, Fantom, and Optimism 1. Swap your DEUS to axlDEUS [here](https://app.deus.finance/bridge) 2. Bridge to Base or Optimism [here](https://v2.app.squidrouter.com/) 3. Swap your axlDEUS to DEUS [here](https://app.deus.finance/bridge) ### Bridging to Blast 1. Swap your DEUS to axlDEUS [here](https://app.deus.finance/bridge) 2. Bridge to Blast using Squid v1 [here](https://app.squidrouter.com/) (NB: Make sure you are using v1) 3. Swap your axlDEUS to DEUS [here](https://app.deus.finance/bridge) ### Bridging on all other chains DEUS can be bridged directly to and from Arbitrum, BNB, Polygon, BNB, AVAX, Ethereum, and Kava [here](https://v2.app.squidrouter.com/)