📔Terms of Use
Last updated on: [5 April 2024]
Lucidity Finance is a DeFi leverage aggregator platform which facilitates lending and borrowing assets by interacting with multiple lending protocols and offering borrowers cost-efficient loans based on the prevailing rates.
1. INTRODUCTION
“LUCID LABS PTE. LTD.” (“Lucid Labs”) "Lucidity Finance is built and operated by Lucid Labs" These terms and conditions (“the Agreement”) is a binding contract between You, an individual User (“You”, “Your” or “User”), and Lucid Labs (“We”, “Us” or “Our”), that governs Your use of any website (“Application”, “App”, “Portal”, “Platform”) that links to these terms, including https://lucidity.finance/ and all related subdomains, and applications that We make available (each, and “app” and collectively, the “apps”, together with the Website, the “Services”). By accessing or using any part of the service, You agree that You have read and agreed to be bound by this agreement.
PLEASE READ THESE TERMS CAREFULLY BEFORE USING, THE APP OR THE WEBSITE. THESE TERMS GOVERN YOUR USE OF THE WEBSITE, THE APP AND THE WEBSITE, UNLESS WE HAVE EXECUTED A SEPARATE WRITTEN AGREEMENT WITH YOU FOR THAT PURPOSE. WE ARE ONLY WILLING TO MAKE THE WEBSITE AND THE APPLICATION, AVAILABLE TO YOU IF YOU ACCEPT ALL OF THESE TERMS. BY USING THE WEBSITE, OR ANY PART OF THEM, YOU ARE INDICATING YOUR ACCEPTANCE AND YOU ARE CONFIRMING THAT YOU UNDERSTAND AND AGREE TO BE BOUND BY ALL OF THESE TERMS. IF YOU ARE ACCEPTING THESE TERMS ON BEHALF OF A LUCID LABS OR OTHER LEGAL ENTITY, YOU REPRESENT THAT YOU HAVE THE LEGAL AUTHORITY TO ACCEPT THESE TERMS ON THAT ENTITY’S BEHALF, IN WHICH CASE "YOU" WILL MEAN THAT ENTITY. IF YOU DO NOT HAVE SUCH AUTHORITY, OR IF YOU DO NOT ACCEPT ALL OF THESE TERMS, THEN WE ARE UNWILLING TO MAKE THE WEBSITE, THE SMART CONTRACTS, OR THE APPLICATION AVAILABLE TO YOU. IF YOU DO NOT AGREE TO THESE TERMS, YOU MAY NOT ACCESS OR USE THE WEBSITE OR THE APPLICATION.
2. INFORMATION ABOUT WEBSITE
As a part of the Website, Lucid Labs provides access to a decentralized finance application (“Application”) on multiple blockchains, that allows lenders or borrowers.
Visitors acknowledge and agree that Lucid Labs is not responsible for checking and evaluating the content and/or functionalities of the apps accessible on the Website. Lucid Labs does not warrant or endorse and will not have any liability for any errors or omissions in the Website, or any loss or damage of any kind incurred as a result of using such Website.
3. ELIGIBILITY
You hereby represent and warrant that You are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations and warranties set forth in these Terms and to abide by and comply with these Terms. The Lucid Labs System and Software are global and by accessing the Content or Service, You are representing and warranting that You are of the legal age of majority in Your jurisdiction as is required to access such Service and Content and enter into arrangements as provided by the Service. You further represent that You are otherwise legally permitted to use the service in Your jurisdiction including owning cryptographic tokens of value and interacting with the Service or Content in any way. You further represent You are responsible for ensuring compliance with the laws of Your jurisdiction and acknowledge that Lucid Labs or any of the Lucid Labs Volunteers (as defined below) is not liable for Your compliance with such laws. Finally, You represent and warrant that You will not use the Service for any illegal activity.
4. INTELLECTUAL PROPERTY
All text, graphics, User interfaces, visual interfaces, photographs, logos, artwork and computer code provided on the Website, including but not limited to the design, structure, selection, coordination, expression and arrangement of the content contained on the Website is an intellectual property of Lucid Labs, and is protected by trademark laws, and various other intellectual property rights.
Except as expressly provided in these Terms, no part of the Website and no content indicated therein may be copied, reproduced, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted or distributed in any way to any other computer, server, Website or other medium for publication or distribution for any commercial purpose, without Lucid Labs express prior written consent.
5. LINKS
The Services or third parties may provide, links to other World Wide Web or accessible Websites, applications, or resources. You acknowledge and agree that Lucid Labs is not responsible for the availability of such external Websites, applications or resources, and does not endorse and is not responsible or liable for any content, advertising, products, or other materials on or available from such Websites or resources. You further acknowledge and agree that Lucid Labs will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods, or services available on or through any such Website or resource.
6. ASSUMPTION OF RISKS
We are not responsible for any third- party services or links
We are not responsible for the content or services of any third-party, including, without limitation, any network or apps like https://aave.com/,https://compound.finance/,https://makerdao.com/en/ and any other third party app and We make no representations regarding the content or accuracy of any third-party services or materials. The use and access of any third-party products or services, including through the Services, are at Your own risk. Please note that We do not have control over third-party services. Consequently, We cannot guarantee, endorse, or recommend such content or services to Users of the Interface, nor can We endorse their use for any specific purpose.
You acknowledge the risk of using the Services
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 as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify You of all the potential risks of using and accessing our Services. You agree to accept these risks and agree that You will not seek to hold any Lucid Labs Companies Indemnified Party responsible for any consequent losses.
7. COMPLIANCE WITH LAWS:
You must abide by all Federal, State, and local laws. If You are outside Singapore You must comply with all local laws with respect to Your online conduct, as well as the export of data to Singapore or to Your country or residence. You further agree that information provided by You is truthful and accurate to the best of Your knowledge.
8. LIMITATION OF LIABILITY
YOU ACKNOWLEDGE AND AGREE THAT YOU ASSUME FULL RESPONSIBILITY FOR YOUR USE OF THE WEBSITE AND SERVICE. YOU ACKNOWLEDGE AND AGREE THAT ANY INFORMATION YOU SEND OR RECEIVE DURING YOUR USE OF THE WEBSITE AND SERVICE MAY NOT BE SECURE AND MAY BE INTERCEPTED OR LATER ACQUIRED BY UNAUTHORIZED PARTIES. YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE WEBSITE AND SERVICE IS AT YOUR OWN RISK. RECOGNIZING SUCH, YOU UNDERSTAND AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER LUCID LABS VOLUNTEERS NOR ANY RELATED ENTITIES, SUPPLIERS OR LICENSORS WILL 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 ANY OF THE LUCID LABS VOLUNTEERS OR RELATED ENTITIES HAD BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM THE WEBSITE OR SERVICE; THE USE OR THE INABILITY TO USE THE WEBSITE OR SERVICE; UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE WEBSITE OR SERVICE; 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 (INCLUDING, BUT NOT LIMITED TO, THOSE THAT DO NOT PERMIT PARTICIPATION IN THE SERVICE); ANY INJURY OR DAMAGE TO COMPUTER EQUIPMENT; INABILITY TO FULLY ACCESS THE WEBSITE OR SERVICE OR ANY OTHER WEBSITE; THEFT, TAMPERING, DESTRUCTION, OR UNAUTHORIZED ACCESS TO, IMAGES OR OTHER CONTENT OF ANY KIND; DATA THAT IS PROCESSED LATE OR INCORRECTLY OR IS INCOMPLETE OR LOST; TYPOGRAPHICAL, PRINTING OR OTHER ERRORS, OR ANY COMBINATION THEREOF; OR ANY OTHER MATTER RELATING TO THE WEBSITE OR SERVICE. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
9. FUTURE FUNCTIONALITY
You acknowledge and agree that Your use and access of the Services are in no way contingent on the delivery of any future functionality or features; or dependent on any oral or written comments made by Portal.
10. INDEMNITY
You agree to defend, indemnify, and hold harmless Lucid Labs, including its Affiliates, contractors, directors and all of their respective officers, agents, sub-contractors, partners, and employees, from and against any losses, damage, liability, claim, or demand, including reasonable attorneys' fees and expenses, made by third party due to or arising out of Your:
use of or inability to use any of the Services,
violation of these Terms,
violation of any rights of a third party, or
violation of any applicable Laws or Government orders.
Notwithstanding anything otherwise provided, We reserve the right, at Your expense, to assume the exclusive defence and control of any matter for which You are required to indemnify Us, in which event You will fully cooperate with Lucid Labs in asserting any available defences in Our discretion.
11. TERMINATION OF ACCOUNT
We may blacklist You or Your access to the platform can be barred (or any portion, aspect or feature of the Platform) if You violate these Terms, effective immediately, which may result in the forfeiture and destruction of all information associated with You and Your activities in connection with the Platform. We may also terminate Your account without cause for convenience upon written notice. If You wish to terminate Your account, You may do so by following the instructions on the Platform. Any fees paid hereunder are non-refundable. In the event of termination, You will still be bound by Your obligations under these Terms.
12. RESTRICTIVE JURISDICTION COVENANT
We may refuse services for following Users that are citizens and residents (tax residency including as a lawful permanent resident or other) of the Algeria, Bolivia, Morocco, Nepal, Pakistan, Vietnam, Afghanistan, Ivory Coast, Cuba, Iraq, Iran, Liberia, North Korea, Syria, Sudan, South Sudan, Zimbabwe, Antigua, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, United States Minor Outlying Islands, US Virgin Islands, Ukraine, Belarus, Albania, Burma, Central African Republic, Democratic Republic of Congo, Lybia, Somalia, Yemen, and Thailand. The list of restricted jurisdictions may be amended from time to time depending on the legal requirements of state authorities in such territories and/or states.
13. CHANGES TO OUR TERMS AND SERVICES
We sometimes have to change Our Terms or Our Services, and We can do so if We feel necessary at any time, but We will tell You if these changes are substantial and require that You agree to new Terms before continuing to use Our services.
We are constantly trying to improve Our Services, so We may need to change these Terms along with the Services. We reserve the right to change the Terms at any time, but if We do, We will bring it to Your attention by requiring You to log in to Our Services again and accept the new Terms, and/or by some other means. We may suspend or discontinue any part of the Services, or We may introduce new features or impose limits on certain features or restrict access to parts or all of the Services. We reserve the right to remove any Content (defined below) from the Services at any time, for any reason in Our sole discretion, and without notice.
Our Services are not free, as We reserve the right to charge for certain or all Services we provide. We will notify You before any Services You are then using begin carrying a fee, and if You wish to continue using such Services, You must pay all applicable fees for such Services.
If You don’t agree with the new Terms after any changes, You are free to reject them. Unfortunately, that means You will no longer be able to use the Services. If You use the Services in any way after a change to the Terms is effective, that means You agree to all of the changes. Except for changes by Us as described here, no other amendment or modification of these Terms will be effective unless in writing and signed by both You and Us.
14. PRIVACY POLICY
All information collected on the Website is subject to the Privacy Policy. By using the Service, You consent to all actions taken with respect to Your information in compliance with the Privacy Policy.
15. CONTACT
In order to address a question, to resolve a complaint regarding the Website or the Lucid Labs services, or to receive further information regarding the services, please contact Lucid Labs via e-mail at contact@lucidlabs.tech
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