Terms and Conditions
These Terms and Conditions (“Terms”) govern your access to and use of both Reserve.org and app.reserve.org (the “Services”). The Services are brought to you by ABC Labs, LLC (“ABC Labs,” “we,” “us,” or “our”). To use the Services, you must legally be able to enter into this agreement. By using or otherwise accessing the Services, you (1) agree that you have read and understand these Terms and (2) accept and agree to these Terms. If you do not agree to the Terms, then your only recourse is not to use the Services.
To use the Services, you must be of the age of majority in the jurisdiction in which you reside and legally be able to enter into this Agreement.
Reserve.org and app.reserve.org provide information about and resources to interact with the decentralized application known as the Reserve Protocol, which is comprised of open-source smart contracts that are deployed on various permissionless public blockchains, such as Ethereum (the “Reserve Protocol”). The Reserve Protocol allows for the permissionless creation of tokens which are issuable and redeemable by anyone for a defined set of other tokens (called “DTFs”). Because the Reserve Protocol is open source software that runs autonomously on a blockchain network, ABC Labs neither controls nor operates any version of the Reserve Protocol on any blockchain network, so you use it at your own risk. Collateral assets which back DTFs are held by Reserve Protocol smart contracts and are not accessible to ABC Labs.
Reserve Rights (“RSR”) is a governance token used in the Reserve Protocol that permits, among other things, users to participate in governance and provide overcollateralization on yield DTFs. ABC Labs has not created, does not control, and takes no responsibility for any DTF that has been created on the Reserve Protocol, as all DTFs have been permissionlessly created by third parties unaffiliated with ABC Labs. ABC Labs does not endorse or recommend any DTF, and you agree that your use and interaction with any DTF is at your own risk.
RSR holders may stake their RSR to govern specific DTFs. In return for providing first-loss capital in the event of a collateral default to yield DTFs, RSR stakers can receive some of the revenue generated by the collateral of that DTF. RSR stakers may participate in governance by independently interacting with the relevant smart contracts. Note however, that while the voting contracts and app.reserve.org are intended to serve as a convenient way to participate in governance, both are experimental and the use of either of them involves a high degree of risk. There are numerous ways the voting contracts, the Reserve Protocol and app.reserve.org could fail in an unexpected way, resulting in the total and absolute loss of all your funds. That being said, although the voting contracts and Reserve Protocol have been audited extensively, there is no guarantee that this code or future code will be audited in the future. ABC Labs is under no obligation and makes no promises to audit any code.
ARBITRATION NOTICE: THESE TERMS CONTAIN AN ARBITRATION CLAUSE IN SECTION 10. YOU AND WE AGREE THAT ANY DISPUTES RELATING TO THE SERVICES WILL BE RESOLVED BY MANDATORY BINDING ARBITRATION, AND YOU WAIVE ANY RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS-ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.
LIMITATION OF LIABILITY NOTICE: THE SMART CONTRACTS THAT MAKE UP THE RESERVE PROTOCOL ARE BEING LICENSED TO YOU UNDER BLUE OAK MODEL LICENSE 1.0.0. THIS LICENSE STATES THAT “AS FAR AS THE LAW ALLOWS, THIS SOFTWARE COMES AS IS, WITHOUT ANY WARRANTY OR CONDITION, AND NO CONTRIBUTOR WILL BE LIABLE TO ANYONE FOR DAMAGES RELATED TO THIS LICENSE, UNDER ANY KIND OF LEGAL CLAIM.” BY USING THE SERVICES, AND AS FULLY EXPLAINED IN SECTION 7, YOU AGREE THAT ABC LABS, ITS AFFILIATES, DTF DEPLOYERS, AND ALL OTHER CONTRIBUTORS TO THE DEVELOPMENT OF THE RESERVE PROTOCOL SHALL FACE NO LIABILITY WHATSOEVER FOR ANY LOSS RESULTING FROM YOUR USE OF RESERVE.ORG, APP.RESERVE.ORG, THE RESERVE PROTOCOL, OR DTFS.
Modification of Terms
We may change or update the Services and any part of the Terms at any time, for any reason, at our sole discretion. Once any part of the Terms is updated and in effect, you will be bound by the Terms if you continue to use the Services. We may, at any time, and without liability to you, modify or discontinue all or part of the Services.
Reserve.org and app.reserve.org are informational resources about the Reserve Protocol; however, they are not the exclusive or sole resources. All information provided in connection with your access and use of the Services is intended for informational purposes only. While we strive to provide accurate and reliable information, we cannot guarantee the accuracy, completeness, or timeliness of the information provided. It is possible that the information may be outdated or subject to errors or omissions. It is also possible that Reserve.org, app.reserve.org, and/or the Reserve Protocol could fail in an unexpected way.
Neither we nor any affiliated entity is a party to any transaction on the blockchain networks underlying the Reserve Protocol. We do not have possession, custody or control over any user’s digital assets or funds. You understand that when you interact with Reserve Protocol, you always retain control over your digital assets. Due to the non-custodial and decentralized nature of the technology, we are not intermediaries, agents, advisors, or custodians, and we do not have a fiduciary relationship or obligation to you regarding any other decisions or activities that you make when using our Services.
To interact with the Reserve Protocol using app.reserve.org, you will need to connect your self-custodial wallet. Your self-custodial wallet is provided by a third party and is governed by separate terms and conditions set by the wallet provider. Reviewing and comprehending the terms and conditions associated with your chosen self-custodial wallet provider is your sole responsibility.
Transactions using blockchains may require the payment of gas fees, which are essentially network transaction fees paid on every transaction that occurs on the selected blockchain network. Please note that gas fees are non-refundable. We do not provide any services to users or deliver, hold, and/or receive payment for digital assets. We do not receive any fees for any transactions or the Services.
Technologies such as smart contracts, cryptographic tokens, and other nascent software, applications, and systems that interact with blockchain-based networks are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of digital assets. We assume no liability or responsibility for any such risks. If you are not comfortable assuming these risks, you should not access or engage in transactions using blockchain-based technology.
You bear sole responsibility for evaluating the Services before using them, and all transactions on the blockchain are irreversible, final, and without refunds. The Services may be disabled, disrupted, or adversely impacted because of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges. You agree to accept these risks and agree that you will not seek to hold the ABC Labs Indemnified Parties (as defined below) responsible for any consequent losses.
You understand and agree that you are solely responsible for maintaining the security of your self-custodial wallet. You alone are responsible for securing your private keys. We do not have access to your private keys. Any unauthorized access to your self-custodial wallet by third parties could result in the loss or theft of any digital asset or funds held in your account. You understand and agree that we have no involvement in, and you will not hold us responsible for managing and maintaining the security of your self-custodial wallet.
You agree that we have the right to restrict your access to the Services via any technically available methods if we suspect, in our sole discretion, that (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged in fraudulent activity; (c) you have acquired digital assets using inappropriate methods, including the use of stolen funds; (d) you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, or any other legal or regulatory authority in any applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed on the Specially Designated Nationals and Blocked Persons List or any other sanctions lists administered by OFAC; (f) you are located, organized, or resident in a country or territory that is, or whose government is, the subject of sanctions, including but not limited to Côte d’Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, Venezuela, and Syria; or (g) you have otherwise acted in violation of these Terms. If we have a reasonable suspicion that you are utilizing the Services for illegal purposes, we reserve the right to take whatever action we deem appropriate.
As a condition to accessing or using the Services, you acknowledge, understand, and agree that from time to time, the Services may be inaccessible or inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance, causes beyond our control or that we could not reasonably foresee, disruptions and temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of third-party service providers or external partners for any reason.
You acknowledge and agree that you will access and use the Services at your own risk. You should not engage in blockchain-based transactions unless it is suitable given your circumstances and financial resources. By using the Services, you represent that you have been, are, and will be solely responsible for conducting your own due diligence into the risks of a transaction and the underlying smart contracts and digital assets.
Users bear sole responsibility for paying any taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the Services and/or payable as a result of using and/or exploiting any digital assets and interacting with smart contracts.
You may only use the Services if you comply with these Terms, applicable third-party policies, and all applicable laws, rules, regulations, and related guidance. The following conduct is prohibited:
Using the Services for, or to promote or facilitate, illegal activity (including, without limitation, money laundering, financing terrorism, tax evasion, buying or selling illegal drugs, contraband, counterfeit goods, or illegal weapons).
Using the Services in a way that violates any applicable law, rule or regulation concerning the trading of securities or derivatives, including, but not limited to, the unregistered offering of securities and the offering of leveraged and margined commodity products to retail customers in the United States.
Using the Services to distribute the indexes used in DTFs or to use such indexes or other data to create any derived index to issue, market, or promote financial products.
Using the indexes and data of specific DTFs.
Uploading or transmitting viruses, worms, Trojan horses, time bombs, cancel bots, spiders, malware, or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Services.
Interfering with other users’ access to or use of the Services.
Interfering with or circumventing the security features of the Services or any third party’s systems, networks, or resources used in the provision of Services.
Engaging in any attack, hack, denial-of-service attack, interference, or exploit of any smart contract in connection with the use of the Service (and operations performed by a user that are technically permitted by a smart contract may nevertheless be a violation of these Terms and the law).
You agree and acknowledge that if you use the Services to engage in conduct prohibited by applicable law, we reserve the right to completely or partially restrict or revoke your access to the Services at our sole discretion. We reserve the right to investigate and prosecute any suspected breaches of these Terms. We may disclose any information as necessary to satisfy any law, regulation, legal process, or governmental request.
THE SERVICES AND THE RESERVE PROTOCOL ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE AND OUR PARENTS, SUBSIDIARIES, AFFILIATES, RELATED COMPANIES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, PARTNERS, INCLUDING THOSE PARTNERS WHO CREATE INDEXES FOR DTFS, AND LICENSORS (COLLECTIVELY, THE “ABC LABS INDEMNIFIED PARTIES”), ALONG WITH DTF DEPLOYERS AND ALL OTHER CONTRIBUTORS TO THE DEVELOPMENT OF THE RESERVE PROTOCOL MAKE NO GUARANTEES OF ANY KIND IN CONNECTION WITH THE SERVICES AND THE RESERVE PROTOCOL. TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE ABC LABS INDEMNIFIED PARTIES, DTF DEPLOYERS AND ALL OTHER CONTRIBUTORS TO THE DEVELOPMENT OF THE RESERVE PROTOCOL DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT AND DISCLAIM ALL RESPONSIBILITY AND LIABILITY FOR:
THE SERVICES AND THE RESERVE PROTOCOL BEING ACCURATE, COMPLETE, CURRENT, RELIABLE, UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE. INFORMATION AVAILABLE THROUGH THE SERVICES ARE PROVIDED FOR GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON OR USED AS THE SOLE BASIS FOR MAKING DECISIONS. ANY RELIANCE ON THE SERVICES IS AT YOUR OWN RISK.
VIRUSES, WORMS, TROJAN HORSES, TIME BOMBS, CANCEL BOTS, SPIDERS, MALWARE, OR OTHER TYPE OF MALICIOUS CODE THAT MAY BE USED IN ANY WAY TO AFFECT THE FUNCTIONALITY OR OPERATION OF THE SERVICES.
By utilizing the Services and the Reserve Protocol, you represent that you understand the inherent risks associated with cryptographic systems and warrant that you have an understanding of the usage, intricacies, and difficulties of using native cryptographic tokens, such as Ether and RSR. In general, the underlying software for blockchain networks is open source such that anyone can use, copy, modify, and distribute it. By using the Services and the Reserve Protocol, you acknowledge and agree (i) that the ABC Labs Indemnified Parties are not responsible for the Reserve Protocol and the operation of the underlying software and that there exists no guarantee of functionality, security, or availability of such software and networks; and (ii) that the underlying protocols are subject to sudden changes in operating rules (known as “Forks”), and that such Forks may materially affect the Reserve Protocol. You acknowledge and agree that the ABC Labs Indemnified Parties, DTF deployers, and all other contributors to the development of the Reserve Protocol assume absolutely no responsibility whatsoever in respect of the Reserve Protocol and its underlying software protocols, whether Forked or not.
You acknowledge that Reserve.org, app.reserve.org, the Reserve Protocol, and voting contracts are subject to flaws and acknowledge that you are solely responsible for evaluating any code provided by the Services. The ABC Labs Indemnified Parties, DTF deployers, and all other contributors to the development of the Reserve Protocol disclaim any liability as a result of any flaws in the Services or the Reserve Protocol.
Although it is intended to provide accurate and timely information on Reserve.org and app.reserve.org, they may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. To continue to provide you with the most complete and accurate information as possible, information may be changed or updated from time to time without notice, including without limitation information regarding these Terms. Accordingly, you should verify all information before relying on it, and all decisions based on information contained on Reserve.org and app.reserve.org are your sole responsibility and the ABC Labs Indemnified Parties shall have no liability for such decisions.
You acknowledge and understand that voting based on smart contracts, blockchains and cryptographic systems in general, including the so-called onchain voting, is a new and progressing field. Any of the risks mentioned above may result in the theft or loss of your digital assets and also in various inaccuracies regarding votes you aimed to cast, including your vote not being casted at all or casted in an unintended way. You represent and warrant that you understand that you are solely responsible for the consequences of voting.
YOU ACKNOWLEDGE AND AGREE THAT YOU ASSUME FULL RESPONSIBILITY FOR YOUR USE OF RESERVE.ORG, APP.RESERVE.ORG AND THE RESERVE PROTOCOL. YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE SERVICES AND THE RESERVE PROTOCOL ARE AT YOUR OWN RISK. RECOGNIZING SUCH, YOU UNDERSTAND AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE ABC LABS INDEMNIFIED PARTIES, DTF DEPLOYERS AND OTHER CONTRIBUTORS TO THE RESERVE PROTOCOL WILL NOT BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR OTHER DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER TANGIBLE OR INTANGIBLE LOSSES OR ANY OTHER DAMAGES BASED ON CONTRACT, TORT, STRICT LIABILITY OR ANY OTHER THEORY (EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM THE SERVICES OR THE RESERVE PROTOCOL; THE USE OR THE INABILITY TO USE THE SERVICES OR THE RESERVE PROTOCOL; UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; ANY ACTIONS WE TAKE OR FAIL TO TAKE AS A RESULT OF COMMUNICATIONS YOU SEND TO US; HUMAN ERRORS; TECHNICAL MALFUNCTIONS; FAILURES, INCLUDING PUBLIC UTILITY OR TELEPHONE OUTAGES; OMISSIONS, INTERRUPTIONS, LATENCY, DELETIONS OR DEFECTS OF ANY DEVICE OR NETWORK, PROVIDERS, OR SOFTWARE; INABILITY TO FULLY ACCESS THE SERVICES, RESERVE PROTOCOL OR ANY OTHER WEBSITE; OR ANY OTHER MATTER RELATING TO THE SERVICES OR THE RESERVE PROTOCOL. THE FOREGOING DISCLAIMER WILL NOT APPLY TO THE EXTENT PROHIBITED BY LAW.
IN NO EVENT WILL THE ABC LABS INDEMNIFIED PARTIES’ CUMULATIVE LIABILITY TO YOU OR ANY OTHER USER, FROM ALL CAUSES OF ACTION AND ALL THEORIES OF LIABILITY EXCEED ONE HUNDRED U.S. DOLLARS (U.S. $100.00).
Although we may collect and process information about users of Reserve.org and app.reserve.org in accordance with this Section 8 (the “Privacy Policy”), we do not have information about protocol users beyond what is already publicly available and recorded on the blockchain. This Privacy Policy explains how ABC Labs collects, uses, and shares information in connection with the Services as well as your rights and choices regarding such information. By using the Services, you also agree to our collection, use, and sharing of your information as described in this Privacy Policy. If you do not agree, you should not use or access the Services.
We may collect the following information about you when you use the Services:
Correspondence and Content: Within any messages you send to us, we may collect your name, contact information, and other content included in the message.
Wallet Address: We may collect the wallet address you use to connect your third party self-custodial wallet to app.reserve.org.
Device Information: We may collect information about the device you use to access the Interface, such as the device type, operating system, and browser type.
Usage Information: We collect information about how you use the Services. By analyzing this data, we gain a deeper understanding of user behavior, which allows us to improve the Services.
We may collect and use information for business purposes in accordance with the practices described in this Privacy Policy. Our business purposes for collecting and using information include:
Operating and Managing the Services: To make the Services available to you and perform services requested by you, such as responding to your comments, questions, and requests, and providing support.
Improving the Services: To continually improve the Services and fulfill any other legitimate business purpose, as permitted under applicable laws.
Analytics: We utilize Mixpanel and other similar services to track user interactions, preferences, and behavior. This data helps us improve our Services and analyze trends in our user base.
Security and Compliance with Laws: To operate and maintain the security or integrity of the Services, enforce our Terms, and comply with applicable laws, lawful requests, and legal process.
Facilitating Requests: To comply with your requests, directions, or communications.
We do not use cookies. If we were to, we would use cookies to understand how you use our Services so we can improve its design and functionality.
To use the Services, you must be of the age of majority in the jurisdiction in which you reside and legally be able to enter into the Agreement. If you are a parent and believe we have collected personal information of a minor, please contact us at contact@reserve.org.
This section applies only to California residents. The California Consumer Privacy Act of 2018 provides additional rights to know, delete, and opt-out about your personal information. You have the right to know certain details about our data practices within the past twelve (12) months, including but not limited to:
The categories of personal information we have collected about you;
The categories of sources from which the personal information was collected;
The categories of third parties to whom the personal information was disclosed for a business purpose;
The specific pieces of personal information we have collected about you;
A list of the categories of third parties to whom we disclosed such information.
In addition, you have the right to delete the personal information we have collected from you.
To exercise any of these rights, please submit a request by emailing us at contact@reserve.org. In the request, please specify which right you are seeking to exercise and the scope of the request. We may require specific information from you to help us verify your identity and process your request. If we are unable to verify your identity, we may deny your requests to know or delete.
This section applies only to residents in the European Economic Area (“EEA”) and the United Kingdom. We act as a controller under the General Data Protection Regulations in the EEA and General Data Protection Regulations in the United Kingdom ("GDPR") with respect to personal data we collect as you use the Services. Controllers are organizations that process personal data for their own purposes. GDPR requires a "lawful basis" for processing personal data.
Our lawful bases include where:
Consent: You have given consent to the processing of your personal data.
Contractual Necessity: Processing your personal data is necessary for the performance of a contract between you and us.
Legal Obligation: Processing your personal data is necessary for compliance with a legal obligation.
Legitimate Interests: Processing your personal data is necessary for the purposes of the legitimate interests pursued by us, provided that your interests and fundamental rights and freedoms do not override those interests.
The lawful bases of our purposes:
Operating and Managing the Services (Necessary for the Performance of our Agreement)
Analytics (Legitimate Interests, Consent)
Improving the Services (Legitimate Interests, Consent)
Facilitating Requests (Legitimate Interests, Consent)
Security and Compliance with Laws (Legal Obligation, Legitimate Interests)
If you are a user in the EEA or the United Kingdom, you maintain certain rights under the GDPR. These rights include the right to:
Request access and obtain a copy of your personal data;
Request rectification or erasure of your personal data;
Object to or restrict the processing of your personal data;
Request portability of your personal data.
Additionally, if we have collected and processed your personal data with your consent, you have the right to withdraw your consent at any time. Notwithstanding the foregoing, we cannot edit or delete information that is stored on a particular blockchain. This information may include transaction data (i.e., purchases, sales, and transfers) related to your blockchain wallet address and any items held by your wallet address.
To exercise any of these rights, please contact us at contact@reserve.org. We may require specific information from you to help us confirm your identity and process your request. If we are unable to verify your identity, we may deny your requests to know or delete.
You agree to release and to indemnify, defend and hold harmless the ABC Labs Indemnified Parties, from and against any and all losses, liabilities, expenses, damages, costs (including attorneys’ fees, fees or penalties imposed by any regulatory authority and court costs), claims or actions of any kind whatsoever arising or resulting from your use of the Services, your violation of these Terms, and your violation of any law, rule, or regulation, or the rights of any third party. Each of the ABC Labs Indemnified Parties reserves the right, at its own expense, to assume exclusive defense and control of any matter otherwise subject to indemnification by you and, in such case, you agree to cooperate with the ABC Labs Indemnified Parties in the defense of any such matter.
PLEASE READ THIS SECTION CAREFULLY: IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS. IT CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER.
Prior to commencing any legal proceeding against us of any kind, including an arbitration as set forth below, you and we agree that we will attempt to resolve any dispute, claim, or controversy between us arising out of or relating to the agreement or the Services (each, a “Dispute” and, collectively, “Disputes”) by engaging in good faith negotiations. Such good faith negotiations require, at a minimum, that the aggrieved party provide a written notice to the other party specifying the nature and details of the Dispute. The party receiving such notice shall have thirty (30) days to respond to the notice. Within sixty (60) days after the aggrieved party sent the initial notice, the parties shall meet and confer in good faith by videoconference, or by telephone, to try to resolve the Dispute. If the parties are unable to resolve the Dispute within ninety (90) days after the aggrieved party sent the initial notice, the parties may agree to mediate their Dispute, or either party may submit the Dispute to arbitration as set forth below.
You and we agree that any Dispute that cannot be resolved through the procedures set forth above will be settled by arbitration in Reno, Nevada, to be administered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. The determination of the arbitrator in such proceeding shall be final, binding and non-appealable, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The language of the arbitration shall be English. The arbitrator’s award of damages must be consistent with the terms of the “Limitation of Liability” subsection of these Terms as to the types and amounts of damages for which a party may be held liable. The prevailing party will be entitled to an award of their reasonable attorney’s fees and costs. Except as may be required by law, neither a party nor its representatives may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of (all/both) parties.
UNLESS YOU TIMELY PROVIDE US WITH AN ARBITRATION OPT-OUT NOTICE PRIOR TO USING THE SERVICES, YOU ACKNOWLEDGE AND AGREE THAT YOU AND WE ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE THAT YOU WILL NOT BE PERMITTED TO OBTAIN AN INJUNCTION OR OTHER EQUITABLE RELIEF OF ANY KIND, SUCH AS ANY COURT OR OTHER ACTION THAT MAY INTERFERE WITH OR PREVENT THE DEVELOPMENT OR EXPLOITATION OF THE SERVICES, OR ANY OTHER WEBSITE, APPLICATION, CONTENT, SUBMISSION, PRODUCT, SERVICE, OR INTELLECTUAL PROPERTY OWNED, LICENSED, USED OR CONTROLLED BY ANY ABC LABS INDEMNIFIED PARTY.
This Agreement is effective unless and until terminated by either you or us. You may terminate your agreement with us at any time by ceasing all access to the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with any term or provision of the Terms, we reserve the right to terminate our agreement with you and deny you access to the Services. We further reserve the right to restrict your access to the Services or to stop providing you with all or a part of the Services at any time and for no reason, including, without limitation, if we reasonably believe: (a) your use of the Services exposes us to risk or liability; (b) you are using the Services for unlawful purposes; or (c) it is not commercially viable to continue providing you with our Services. All of these are in addition to any other rights and remedies that may be available to us, whether in equity or at law, all of which we expressly reserve.
In the event any provision of these Terms is held invalid or unenforceable, such holding shall not invalidate or render unenforceable any other provision hereof.
These Terms may be assigned without your prior consent to any ABC Labs Indemnified Party, or to its successors in the interest of any business associated with the Services provided by us. You may not assign or transfer any rights or obligations under the Terms without our prior written consent.
These Terms set forth the entire understanding of the parties relating to the subject matter hereof and supersedes and cancels any prior communications, understandings and agreements between the parties hereto.
These Terms shall be governed by and construed in accordance with the laws of the State of Delaware including all matters of construction, validity, performance, and enforcement and without giving effect to the principles of conflict of laws. Any action brought by any party hereto shall be brought within the city of Reno, Nevada, in accordance with Section 10.
You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to the Terms or your use of the Services must be filed within one (1) year after such claim or cause of action arose or be forever barred.
You may contact us with questions about your use of the Services at contact@reserve.org.
Thanks for reading these terms in full. We hope you enjoy using app.reserve.org and the Reserve Protocol! Cheers to you for being part of the DeFi revolution and working toward better money :)
In a similar way as how anyone can create a new trading pair on Uniswap, anyone can permissionlessly create a new Reserve stablecoin (RToken) by interacting with Reserve Protocol’s smart contracts. The protocol applies a system of factory smart contracts that allows anyone to deploy their own smart contract instance.
Creating an RToken can be done either by interacting directly with the Reserve Protocol’s smart contracts or any user interface that gets built on top of it. The first user interface for these smart contracts will be released by ABC Labs the company that's leading protocol development. Besides the creation of RTokens, this user interface will also support exploring usage and stats related to RTokens, RToken minting & redeeming, and RSR staking.
The following types of ERC20s are not supported to be used directly in an RToken system. These tokens should be be wrapped into a compatible ERC20 token to be used within the protocol. A concrete example is the use of Static ATokens for Aave V2.
When deploying an RToken, the deployer has the ability to configure many different advanced parameters. The following list goes into detail about what these parameters do and some of the factors the deployer should keep in mind to set them.
As many of these parameters concern the Protocol Operations, we advise reading through that section of the documentation first—as it will give the deployer the necessary context to fully understand all parameters.
The trading delay defines how many seconds should pass after the basket has been changed before a trade can be opened.
A collateral asset can instantly default if one of the invariants of the underlying DeFi protocol breaks. If that would happen, and we would not apply a trading delay, the protocol would react instantly by opening an auction. This would give only auctionLength seconds for people to bid on the auction, making it very possible for the protocol to lose value due to slippage.
The trading delay parameter may only be needed in the early days - before we get to a point where there is a robust market of MEV searchers. We expect that this parameter can be set to zero later on (once a robust market of MEV searchers is established).
