Disclaimers - Exponent Docs

Last Updated: May 25, 2026 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 also includes additional product surfaces and infrastructure for onchain yield management, including interest-rate order books, concentrated liquidity markets, strategy vaults, and other tools for portfolio construction, hedging, and managed strategy access. These products may involve additional risks, including strategy risk, liquidity provider risk, pricing risk, governance risk, and risks arising from integrations with third-party protocols, assets, curators, managers, market makers, and external data sources. 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. Use of Exponent products may expose you to additional risks depending on the product surface used. For example, interest-rate markets may involve implied rate volatility, execution risk, liquidity risk, and maturity-related risks; liquidity provision may involve active market exposure, fee variability, and changes in asset composition over time; Strategy Vaults may involve curator, strategist, policy, governance, withdrawal, allocation, and underlying protocol risks; and any product relying on third-party protocols, external assets, or pricing inputs may be affected by failures, exploits, insolvencies, pricing errors, oracle issues, or other adverse events affecting those dependencies. 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. Where Strategy Vaults, curated strategies, or other managed products are made available, users remain solely responsible for evaluating the relevant manager, curator, vault configuration, policies, fee structure, supported protocols, withdrawal mechanics, and risk profile before depositing. Exponent does not guarantee the performance, profitability, safety, or suitability of any vault, strategy, curator, or third-party integration. 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. Such third-party activities, dependencies, or failures may include, without limitation, failures or adverse events involving external protocols, vault managers, curators, strategists, market makers, bridges, custodians, stablecoins, wrapped assets, token issuers, oracle providers, pricing providers, RPC providers, indexers, user interfaces, or other infrastructure and service providers that may interact with, support, or be used alongside Exponent. 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. To the extent Exponent surfaces vaults, markets, incentives, curator strategies, third-party opportunities, or other product configurations through an interface, such surfacing does not constitute a recommendation, endorsement, fiduciary relationship, investment advice, or representation that any such product, asset, market, vault, or strategy is appropriate, secure, or free of risk. 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. You further acknowledge and accept that Exponent products may involve active portfolio management features, strategy execution, market-making activity, maturity handling, redemption flows, reward campaigns, and integrations with third-party systems, all of which may result in loss, delay, restricted access, inaccurate accounting, unfavorable execution, failed withdrawals, failed redemptions, reward ineligibility, or other unexpected outcomes.

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