Disclaimer
Last updated: March 2026
General Disclaimer
Dawn Vault is an experimental decentralized finance (DeFi) product operated by Dawn Labs. By using Dawn Vault, you acknowledge and accept the following:
No Investment Advice
Nothing in this documentation or on the Dawn Vault platform constitutes financial, investment, legal, or tax advice. The information provided is for informational purposes only. You should consult with qualified professionals before making any investment decisions.
No Guarantee of Returns
Past performance does not guarantee future results
Advertised APY figures are estimates based on historical data and current market conditions
Actual returns may be higher or lower than projected
Loss of deposited funds is possible
The Yield Smoothing Reserve does not guarantee any minimum return
Risk Acknowledgment
By depositing into Dawn Vault, you acknowledge that you understand and accept the risks described in our Risk Disclosures, including but not limited to:
Smart contract vulnerabilities
Market and funding rate risk
Liquidation risk
Exchange and counterparty risk
Oracle manipulation risk
Operational and infrastructure risk
Liquidity risk
Regulatory risk
Solana network risk
Experimental Software
Dawn Vault is experimental software. The smart contracts, while built on audited frameworks, may contain bugs or vulnerabilities. You should not deposit more than you can afford to lose.
Non-Custodial Nature
Dawn Vault operates on a non-custodial basis. While this provides security benefits, it also means:
You are solely responsible for the security of your wallet and private keys
Lost private keys cannot be recovered
Transactions on the Solana blockchain are irreversible
Regulatory Status
Dawn Vault is not registered with or approved by any financial regulatory authority. The regulatory status of DeFi products is uncertain and evolving. Users are responsible for ensuring their use of Dawn Vault complies with applicable laws in their jurisdiction.
Limitation of Liability
To the maximum extent permitted by law, Dawn Labs and its contributors shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages arising from:
Use of or inability to use Dawn Vault
Loss of funds deposited in Dawn Vault
Unauthorized access to or alteration of your data
Any third-party conduct or content
Changes
Dawn Labs reserves the right to modify vault parameters, strategies, fee structures, and these terms at any time. Significant changes will be communicated through official channels.
Jurisdiction
Some jurisdictions may restrict access to DeFi products. It is your responsibility to ensure you are legally permitted to use Dawn Vault in your jurisdiction.
By using Dawn Vault, you acknowledge that you have read, understood, and agree to this disclaimer.
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