FB Farming Legal Disclaimer
UniSat ( “we” or “us”) provides the FB Farming / Staking feature (“Staking Feature”) to reward ecosystem users and promote sustainable growth of the Fractal Bitcoin ecosystem. Users should carefully read, understand, and accept this disclaimer and related terms before participating.
No Investment Advice
This staking feature is part of product functionality and ecosystem incentives. It does not constitute any form of investment advice, financial commitment, or guaranteed returns. Participation is at the user’s own discretion and based on their risk tolerance.
Reward Structure and Risk of Forfeiture
a. Rewards are determined by multiple factors, including base APY, Tier Bonuses, Gem boosts, etc. Some rewards are only granted upon fulfilling specific criteria (e.g., staking duration, Gem expiry, etc.).
b. If a user unstakes early (before completing the chosen staking duration), certain bonus rewards may be forfeited. The base APY will be prorated, but tier-based staking rewards and Gem boost rewards can only be obtained upon completion of the full staking period.
Market and Value Volatility Risk
a. The market price of FB may rise or fall. During the staking period, if price depreciation of FB exceeds the value of rewards earned, user’s net asset value may be reduced.
b. Rewards when converted, traded, or withdrawn may incur losses due to market prices, liquidity issues, transaction fees, or slippage.
Reward Pool Capacity and Staking Limits
a. Some staking or bonus farming pools have a maximum reward allocation (e.g., Pool 1 with 1,000,000 FB). Early participants may consume a large portion of rewards, leaving limited or no rewards for later participants.
b. Minimum or maximum staking amounts per address / wallet may apply. Exceeding or not meeting these limits may result in inability to stake as expected or reward calculations being different.
Technical and System Risks
Although FB Farming utilizes Taproot scripts, the UTXO model, and a non-custodial design for enhanced security, technical upgrades, protocol changes, third-party factors, or force majeure events may still lead to modifications, interruptions, or termination of the staking program.
Compliance and Taxation Obligations
a. Users must ensure their participation complies with applicable laws and regulations in their jurisdiction.
b. Any taxes or obligations arising from reward earnings are the sole responsibility of the user. We are not liable for any tax consequences.
User Operation Risk
a. Users may make mistakes during staking, adding Gems, selecting staking duration, or unstaking, which may result in loss of certain rewards or assets.
b. Before any such operation, user should carefully read on-screen warnings, risk alert boxes, and all relevant terms.
Limitation of Liability
We shall not be liable for any losses of asset value, reduced or delayed rewards, interruption or termination of service, or failure to attain expected returns caused by market volatility, system or network failure, protocol changes, third-party actions, force majeure, or any other cause. In no event shall UniSat be liable to you for any loss of profits, revenue, goodwill, business opportunities, or for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your participation in the staking program.
Right to Modify, Suspend, or Terminate and Final Interpretation
We reserve the right to modify, suspend or terminate the staking feature or related activities at any time (including but not limited to changes to reward structures, duration, Gem conditions, APY etc.), and retain the final right of interpretation over this feature and its activities.
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