Disclaimer
BetterBank operates exclusively on-chain, free from centralized regulation, and governed by immutable smart contract rules. Users acknowledge and accept the following:
DeFi Risks – The protocol is subject to market volatility, smart contract vulnerabilities, and liquidation risks. There are no guarantees of profitability or fund safety.
No Liability – BetterBank is not a legal entity and in principle assumes no responsibility for user losses due to hacking, exploits, or poor risk management. The caretaking team also does not assume any such responsibility in principle.
Nothing is Offered or Requested – BetterBank is just a set of code that users may utilize. It doesn't offer anything, but instead generates results. The BetterBank team services this code. Both the BetterBank UI as well as any other speech or documentation by the team, including this text, merely inform the public of BetterBank's workings. Noone among the BetterBank team ever offers anything that utilizing the BetterBank code might yield.
Ownership & Governance – Holding Esteem ($ESTEEM) grants partial ownership but not operational control over the protocol. Future decentralization plans may include renounced contracts and on-chain governance, if doing so is considered safe by the team.
Treasury Management – Funds are controlled via multisig governance for liquidity provisioning, investments, and community incentives.
Regulatory Compliance – BetterBank does not enforce KYC, leaving users responsible for their own tax obligations. The platform remains neutral in legal matters and does not restrict financial transactions, because it is just code that may be utilized.
Eligibility for Use – BetterBank cannot know who operates a wallet. Any user is fully responsible for complying with any legal limitations on using BetterBank that apply to them, such as certain citizenship, domicile, residence, age, or whatever else.
Financial Investigations Compliance – Since BetterBank operates on networks that provide complete transactional transparency, Investigators of any sort may simply read the on-chain ledger.
Security & Education – Users must exercise caution. The platform provides educational materials and in-app warnings but does not compensate for losses.
These documents are an excerpt that show the most important information. For full detail on every tokenomics aspect, read the whitepaper, which is linked on BetterBank’s home page.
Aave V3.0 code – The BetterBank protocol includes the Aave V3.0 code. The Aave V3.0 Licence Page specifies that this code is now under MIT Licence.
By using BetterBank, users fully accept these terms, risks, and responsibilities. 🚀
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