V. Blockchain Rules Disclosure

5.1 Blockchain Explanation

We are software developers for on-chain asset management. You understand that when interacting with any protocol smart contracts, you retain control over your crypto assets at all times. The private keys associated with the wallet addresses you use to transfer crypto assets are the sole means of controlling the crypto assets transferred to smart contracts.

You are solely responsible for safeguarding your private keys. We have no access to your private keys. Due to the non-custodial and decentralized nature of this technology, we act neither as intermediaries, agents, advisors, nor custodians, and we have no fiduciary relationship or obligations to you regarding any decisions or activities you undertake while using our Services. You acknowledge that, for the avoidance of doubt, we possess no information about any users, user identities, or Services beyond what is publicly available on the blockchain. We assume no responsibility for any activities you engage in while using the Services, and you should understand the risks associated with crypto assets, blockchain technology, and our Services.

Non-Custodial Nature: CICADA Finance provides decentralized services only and does not store user assets.

Transparent Transactions: All on-chain transactions are traceable; users must manage their private keys and wallet security independently.

Risk Disclosure: The DeFi sector involves high risks; users are advised to thoroughly understand smart contracts and blockchain technology and prudently assess their risk tolerance before use.

Protocol Fees: On-chain transactions require gas fees, and CICADA Finance will charge service fees in accordance with execution rules.

5.2 Blockchain Networks and Protocol Deployment

CICADA Finance protocols are deployed on multiple blockchain networks, such as Ethereum. The underlying blockchain software is open-source, and anyone may use or build upon it. We are not responsible for the operation of blockchain software and protocols, nor can we guarantee their security, availability, or continuity.

Due to the characteristics of blockchain technology, protocols may be affected by risks such as blockchain forks, hacker attacks, and smart contract vulnerabilities. Users should fully understand and use the Services with caution.

5.3 Transaction Transparency and Privacy

One core feature of blockchain transactions is their transparency. All transaction records are publicly stored on the blockchain, accessible to anyone for viewing transaction addresses and related information. If your public key or wallet address can be linked to your identity, your asset holdings may become public.

5.4 On-Chain Transaction Fees (Gas Fees)

All blockchain transactions require gas fees (i.e., transaction fees), which are collected by blockchain network miners or validators, not by CICADA Finance. The amount of gas fees depends on network congestion and is non-refundable.

5.5 Independence of Community Ecosystem Contributors

Contributors to the CICADA Finance ecosystem (e.g., developers, governors) are independent individuals not under our control, and we bear no responsibility for their actions or omissions.

Last updated