Disclaimer
Utility Pool Participation Risks and Information
1. Purpose and Nature of the Utility Pool:
The "Utility Pool" is a facility offered by Stader for the benefit of the participants, hereinafter referred to as "Delegators." Delegators delegate their SD tokens to the pool, and these tokens may be “utilized” by Node Operators. The purpose of this pool is to allow Node Operators to utilize the delegated SD tokens for their operations. It is crucial to note that this is not a lending pool or any form of lending service.
2. Rewards and Annualized Percentage Rate (APR):
The Annualized Percentage Rate (APR) represents the annualized rate of rewards earned by the delegators through the Utility Pool. The rewards are subject to change and depend on various factors, including but not limited to the utilization of the pool, rewards distributed to Node Operators, and potential penalties (slashing) imposed on Node Operators. As a result, the APR can fluctuate over time without prior notice.
3. Variable Rewards:
Rewards are not guaranteed to be a fixed percentage of Delegators' contributions to the Utility Pool. The rewards earned are contingent on the overall performance of the Node Operators and the dynamics of the network. It is crucial to understand that rewards can vary, and there is no assurance of a consistent rate of rewards.
4. No Guarantees or Obligations:
Stader explicitly disclaims any obligation to guarantee the performance of the Utility Pool. Stader makes no guarantees regarding the profitability, stability, or sustainability of rewards. Delegators are aware that participation in the Utility Pool involves inherent risks, including but not limited to market volatility and the performance of Node Operators.
5. User Responsibility:
Participants are strongly encouraged to conduct their own research and exercise their discretion before participating in the Utility Pool. It is essential to understand the potential risks associated with this activity and to evaluate whether it aligns with your individual financial goals and risk tolerance.
6. Regulatory Compliance:
It is the responsibility of Delegators to be aware of and comply with any applicable legal and regulatory requirements associated with cryptocurrency participation. This includes tax obligations, reporting, and any other legal considerations relevant to your jurisdiction.
7. Geographic Restrictions:
Participation in the Utility Pool is subject to geographic restrictions. Users who are citizens or residents of the United States, as well as any individuals or entities operating within jurisdictions subject to the control or jurisdiction of the United States government, are explicitly prohibited from participating in this pool. By participating, you confirm that you are not a citizen or resident of the United States or any such jurisdiction, nor are you acting on behalf of a resident or entity within these territories. Please note that these geographic restrictions are imposed due to regulatory considerations and should be strictly adhered to. Any breach of this restriction may result in the suspension or termination of your participation in the Utility Pool.
Important: It is the responsibility of each participant to verify their eligibility based on their geographic location and comply with any applicable laws and regulations in their jurisdiction.
8. Limited Liability:
Stader shall not be liable for any losses, damages, or other adverse outcomes resulting from participation in the Utility Pool. Delegators engage in this activity at their own risk, and Stader is not responsible for any losses incurred.
9. Modification of Terms:
Stader reserves the right to modify the terms and conditions of the Utility Pool at its discretion. It is incumbent upon Delegators to stay informed about any updates or changes that may affect their participation.