Terms of Use

Welcome to BIMA. By accessing and using our application(http://testnet.bima.money), including the vaults, earn and other modules , you agree to comply with these Terms of Use. Please read them carefully.

1. Use of Our Platform

  • Eligibility: By using our platform, you confirm that you are of legal age to enter into binding agreements in your jurisdiction and that you comply with all local laws and regulations.

  • Platform Purpose: BIMA provides decentralized financial services, including vaults for asset management and an earn section for yield generation. By interacting with these services, you agree that you understand the nature of DeFi, including its associated risks.

2. Accessing the Platform

  • Decentralized Nature: The BIMA platform operates as a decentralized application (dApp). As such, once transactions are initiated on-chain, they cannot be reversed or altered by BIMA or any third party.

  • No Custody: BIMA does not custody user funds. All assets are directly managed by users through their own wallets interacting with our smart contracts.

3. Products and Services

  • Vaults: Our vaults allow users to deposit digital assets to optimize returns using automated strategies. By using vaults, you acknowledge that your assets will be deployed through smart contracts in DeFi protocols, which may involve risk.

  • Earn : The earn section allows users to generate yield by staking or locking their USBD tokens or other digital assets in various DeFi pools. Rewards are based on network participation and market conditions.

  • No Guarantees: While we strive to optimize performance and yield, BIMA does not guarantee any fixed returns, and users accept full responsibility for their decisions when using the vaults or earn services.

4. Intellectual Property Rights

  • Platform Ownership: All intellectual property rights related to the design, content, code, and functionality of the BIMA platform belong to BIMA or its licensors. Users are granted a limited license to use the platform for its intended purpose.

  • User Contributions: By interacting with the platform, you acknowledge that any suggestions or feedback provided to BIMA may be used to improve the platform without compensation.

5. Prohibited Uses

You agree not to:

  • Engage in Fraudulent Activity: Use the platform for illegal purposes, including money laundering, fraud, or funding illicit activities.

  • Exploit the Platform: Attempt to exploit any vulnerabilities in our smart contracts or services for personal gain.

  • Impersonation or Misrepresentation: Misrepresent yourself or your connection to BIMA or other users within the platform.

6. Confidential Information

  • No Personal Data Storage: BIMA does not collect or store personal data. All interactions occur on-chain via decentralized wallets.

  • Confidential Business Information: Any business-related information or proprietary technology you obtain from BIMA must be kept confidential, unless publicly disclosed by BIMA.

7. Risk Notice

  • DeFi and Blockchain Risks: By using the vaults and earn sections, you understand that decentralized finance carries risks, including smart contract vulnerabilities, impermanent loss, and market volatility. Transactions on the blockchain are final, and BIMA cannot reverse or modify them.

  • Risk of Loss: Your assets deposited in vaults or staked in the earn section may fluctuate in value, and you may lose some or all of your assets depending on market conditions and protocol performance.

  • No Custodial Responsibility: You are solely responsible for managing your private keys and digital assets. BIMA does not provide recovery options for lost private keys.

8. Limitation of Liability

  • No Warranty: BIMA’s platform is provided on an "as-is" and "as-available" basis. We make no representations or warranties regarding the performance, security, or reliability of our platform.

  • No Liability for Losses: BIMA is not responsible for any financial loss resulting from your use of the vaults, earn section, or other services on the platform. This includes losses due to smart contract bugs, hacks, or market volatility.

  • Third-Party Protocols: Some vault strategies may involve third-party DeFi protocols. BIMA is not responsible for the performance or security of these third-party platforms.

9. Indemnification

  • You agree to indemnify and hold harmless BIMA, its affiliates, and its personnel from any claims or damages arising from your use of the platform, including your interactions with smart contracts or third-party protocols.

10. Prohibited Jurisdictions

  • Geographic Restrictions: BIMA’s services may not be available in certain jurisdictions due to local regulations. You are responsible for ensuring that your use of the platform complies with the laws in your country.

11. Changes to Terms

  • BIMA reserves the right to modify these Terms of Use at any time. Any changes will be posted on the platform, and your continued use signifies acceptance of the updated terms.

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