Last Updated: October 30, 2024

Exponent is a decentralized yield protocol that allows users to trade fixed and variable DeFi yields through smart contracts deployed on the Solana blockchain. It offers access to fixed-income DeFi products by splitting the yield of DeFi assets into fixed and variable components. This process enables users to secure predictable returns or speculate on variable yields.

Exponent’s protocol involves risks, including but not limited to, losses from fluctuating token prices, smart contract failures, network issues, and slippage. Before using Exponent, you should review the protocol’s documentation to ensure you understand how Exponent works.

Similar to how you access email protocols through multiple clients, Exponent can be accessed through a variety of web or mobile interfaces. Users are responsible for doing their own diligence on these interfaces to understand the fees, risks, and security measures they present.

EXPONENT IS PROVIDED “AS IS,” AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND.

You assume all risks associated with using Exponent, and digital assets and decentralized systems generally, including but not limited to, that: (a) digital assets are highly volatile; (b) using digital assets is inherently risky due to both features of such assets and the potential unauthorized acts of third parties; (c) you may not have ready access to assets; and (d) you may lose some or all of your tokens or other assets. You agree that you will have no recourse against anyone else for any losses due to the use of Exponent. For example, these losses may arise from or relate to: (i) incorrect information; (ii) software or network failures; (iii) corrupted cryptocurrency wallet files; (iv) unauthorized access; (v) errors, mistakes, or inaccuracies; or (vi) third-party activities.

Although Exponent developed much of the initial code for Exponent, it does not provide, own, or control the protocol, which is run by smart contracts deployed on the Solana blockchain. No developer or entity involved in creating Exponent will be liable for any claims or damages associated with your use, inability to use, or interactions with other users of Exponent. This includes any direct, indirect, incidental, special, exemplary, punitive, or consequential damages, or losses of profits, digital assets, tokens, or anything else of value.

By using Exponent, you acknowledge and accept all risks associated with decentralized finance, including potential losses of all deposited assets, yield fluctuations, software bugs, smart contract vulnerabilities, and security risks. Use of the protocol is entirely at your own risk, and any interaction with it will be without any warranties from Exponent.

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