Terms and Conditions

🚨🚨 Disclaimer: Use of BakerFi dApp 🚨🚨

Please read this disclaimer carefully before using the BakerFi dApp. By accessing and using this decentralized finance (DeFi) protocol, you agree to accept and comply with the terms and conditions outlined below.

1. Current Development Status and Security Audit:
   • The BakerFi dApp has successfully launched and has undergone a comprehensive audit to ensure the security and integrity of its smart contract code. However, as with all DeFi protocols, continuous updates and improvements are being made. Users can access the audit reports for further details on the security measures in place:
     • Audit Report 1 by Creed
     • Audit Report 2 by Code4rena
   • Despite these audits, users should remain aware of the inherent risks in using DeFi protocols.
2. Use at Your Own Risk:
   • Users acknowledge that they are using the BakerFi dApp at their own risk. While the protocol has undergone security audits, the evolving nature of the project means that unforeseen issues may still arise, potentially leading to financial loss.
3. No Liability:
   • The developers, maintainers, and contributors to the BakerFi dApp shall not be held liable for any direct, indirect, incidental, special, or consequential damages arising from the use or inability to use the protocol. This includes any financial loss resulting from protocol malfunctions, security breaches, or other unforeseen issues.
4. Constant Monitoring and Updates:
   • Users are encouraged to regularly monitor official communication channels for updates, announcements, and changes to the BakerFi dApp protocol. It is the user's responsibility to stay informed about any modifications to the code or protocol, including security updates or changes in functionality.
5. Legal Considerations:
   • Users should be aware of the legal implications of interacting with decentralized finance protocols in their respective jurisdictions. Compliance with local laws and regulations is the user's responsibility. It is advised to consult with a legal expert to understand the legal standing of DeFi protocols in your region.

By using the BakerFi dApp, users acknowledge and accept the risks associated with utilizing a protocol that, despite being audited, still carries inherent risks due to the nature of DeFi. Users are strongly advised to exercise caution, conduct thorough research, and only deposit amounts that they can afford to lose.

This disclaimer may be subject to updates and changes without prior notice. Users are encouraged to check for the latest version regularly to stay informed of any updates.