Risks
Risk Disclosure and Disclaimer for the Thruster Protocol
Introduction
This document provides an overview of potential risks associated with using the the Decentralized Thruster Protocol (the "Protocol"). The purpose of this document is to ensure that eligible users are aware of the inherent risks involved in interacting with the Protocol. This disclosure does not cover all possible risks, and users are encouraged to conduct their own research and seek professional advice where necessary.
General Disclaimer
Thruster is an open-source project that operates on a decentralized blockchain network. It is maintained by a number of communities of contributors, including developers, researchers, and other volunteers (collectively, the "Contributors"). The Protocol is provided "as-is" and "as-available" without any warranties or guarantees of any kind, whether express or implied. By using the Protocol, you acknowledge and agree that the Contributors shall not be held liable for any damages, losses, or other consequences arising from your use of the Protocol.
Risks Associated with the Protocol
1. Technical and Security Risks
Smart Contract Code Risks: Smart contracts on the Protocol are immutable and cannot be altered once deployed. Errors or vulnerabilities in the code may lead to unintended outcomes, including financial loss. The Contributors do not guarantee the security or correctness of the smart contracts deployed on the Protocol.
Network and Protocol Risks: The Protocol operates on a decentralized blockchain network, which may be subject to technical issues, network failures, or consensus attacks (e.g., 51% attacks). Such events could disrupt the Protocol's operations or result in loss of assets.
2. Economic and Financial Risks
Economic Exploitation: The Protocol may be subject to various economic attacks, such as front-running, oracle manipulation, or other forms of exploitation. Users are responsible for understanding these risks before engaging with the Protocol.
Operational and Governance Risks
Governance Decisions: The Protocol may be subject to governance decisions made by the community or other decentralized mechanisms. These decisions may impact the functionality, fees, or other aspects of the Protocol. The Contributors are not responsible for governance outcomes or any resulting effects on users.
Upgrades and Changes: The Protocol may undergo upgrades, forks, or other changes that could affect its operation or compatibility with other systems. Users are responsible for staying informed about such developments and assessing their impact.
User Responsibilities
Due Diligence: Users are responsible for conducting their own research and due diligence before interacting with the Protocol. This includes understanding the underlying technology, the risks involved, and any legal obligations that may apply.
Security Measures: Users must take appropriate security measures to protect their private keys, wallets, and other digital assets. The Contributors are not responsible for any loss of assets due to user negligence or failure to implement adequate security practices.
Independent Advice: Users are encouraged to seek independent legal, financial, and technical advice before engaging with the Protocol. The Contributors do not provide professional advice and are not liable for any decisions made based on the information provided in this document or the Protocol.
Limitation of Liability
To the fullest extent permitted by applicable law, the Contributors shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to loss of profits, data, or other intangible losses, arising from or in connection with your use of the Protocol. This limitation applies regardless of the cause of action, whether in contract, tort, negligence, strict liability, or otherwise, even if the Contributors have been advised of the possibility of such damages.
Conclusion
By using the Protocol, you acknowledge that you have read and understood this Risk Disclosure and Disclaimer. You accept full responsibility for any risks associated with your use of the Protocol and agree to hold the Contributors harmless from any claims, losses, or damages arising from your use of the Protocol.
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