Terms And Condition
Last updated
Last updated
Effective Date: January 24, 2025 Operated by: BLOCKBEACH LABS LLC (the “Company”) Governing Law: Florida
Welcome to DeSavings (the “App”), operated by BLOCKBEACH LABS LLC (“Company,” “we,” “us,” or “our”). These Terms and Conditions (the “Terms”) govern your access to and use of DeSavings, including any related services, software, websites, or applications provided by us (collectively, the “Services”).
By accessing or using DeSavings, you (“User,” “you,” or “your”) agree to be bound by these Terms. If you do not agree to these Terms, you must not use DeSavings.
Interface for Decentralized Finance (DeFi) Protocols DeSavings provides an interface that allows you to interact with third-party decentralized finance (“DeFi”) protocols, such as Aave. These protocols are not operated or controlled by the Company.
Third-Party Wallet Integration
Privy.io Wallets: DeSavings integrates with (“Privy”) to facilitate the creation and management of certain User wallets. Privy holds the private keys for those wallets. We do not control or have access to those keys.
External Wallets: You may also connect your own self-custody wallet(s). In that case, you retain sole responsibility for your wallet and its private keys.
No Custody of Funds We do not hold or control any User funds or digital assets. All transactions and custody of digital assets remain with Privy or your external wallet provider.
Legal Age You must be at least 18 years old or the age of majority in your jurisdiction to use DeSavings. By using the Services, you represent and warrant that you meet this requirement.
Legal Compliance You are solely responsible for complying with all applicable laws and regulations in connection with your use of DeSavings, including but not limited to financial regulations and economic sanctions laws (e.g., those administered by the U.S. Office of Foreign Assets Control (“OFAC”)).
Prohibited Use You may not use DeSavings if you are located in or are otherwise subject to economic sanctions or any jurisdiction where use of DeFi protocols is restricted or illegal.
DeFi Risks Engaging with DeFi protocols involves significant risks, including the possibility of partial or total loss of digital assets, smart contract vulnerabilities, and market volatility. By using DeSavings, you acknowledge and assume these risks.
No Investment or Financial Advice All content provided via DeSavings is for informational purposes only and does not constitute financial, investment, or legal advice. You should conduct your own due diligence or seek professional advice.
User Responsibility You are solely responsible for any transactions, losses, or liabilities incurred through your use of DeSavings. We disclaim any liability arising from your interaction with third-party protocols or wallet providers.
Independent Third Party Privy is an independent third-party service provider. Your use of Privy-generated wallets is governed by Privy’s own Terms and Conditions and Privacy Policy.
External Wallets If you connect an external wallet, you retain full responsibility for the security of your private keys and any transactions made using that wallet.
No Liability for Third-Party Services We make no warranties or guarantees regarding the performance or security of Privy or any other third-party service providers. You expressly agree that we will not be held liable for the acts or omissions of such third parties.
Prohibited Conduct By using DeSavings, you agree not to:
Violate any applicable laws, regulations, or these Terms.
Use the Services for any fraudulent or unlawful purpose.
Attempt to disrupt, interfere with, or gain unauthorized access to DeSavings, our servers, or our infrastructure.
Introduce any viruses, worms, or harmful code.
Engage in market manipulation, money laundering, terrorist financing, or other illicit activities.
Account Security
You are responsible for maintaining the security of your account credentials.
You must promptly notify us of any unauthorized access or suspicious activity related to your account.
Right to Suspend or Terminate We reserve the right, at our sole discretion, to suspend or terminate your access to DeSavings or any part of the Services without notice if:
We believe you have violated these Terms.
We suspect fraudulent or illegal activity.
Required to do so by law or governmental authority.
We deem it necessary for our own security or the security of other Users.
Effect of Suspension/Termination In the event of a suspension or termination:
Your access to DeSavings may be immediately revoked.
You may retain control of your digital assets through your wallet provider, subject to their terms.
Ownership All materials on DeSavings, including logos, text, images, software, and other content, are owned by or licensed to the Company and are protected by intellectual property laws.
License Grant We grant you a limited, non-exclusive, non-transferable license to access and use DeSavings for your personal, lawful purposes in accordance with these Terms.
Restrictions You may not reproduce, distribute, modify, create derivative works from, or publicly display any part of DeSavings without our prior written consent.
DESAVINGS AND ALL RELATED SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT ANY WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.
We do not guarantee uninterrupted or error-free operation of DeSavings.
We expressly disclaim any warranties regarding the security, reliability, and performance of third-party services and DeFi protocols.
No Liability for Losses Under no circumstances will BLOCKBEACH LABS LLC be liable for any indirect, incidental, special, or consequential damages, including loss of profits or digital assets, arising out of or related to your use of DeSavings.
Liability Cap In the event our liability is found despite the foregoing disclaimers, our total liability shall not exceed fifty U.S. dollars ($50) or the equivalent in local currency.
Indemnification You agree to indemnify and hold harmless BLOCKBEACH LABS LLC, its affiliates, officers, and employees from any claims or damages arising out of your violation of these Terms or your use of the Services.
We may update or revise these Terms from time to time at our discretion. Any changes will be effective when we post the revised Terms in the App or notify you via email. Your continued use of DeSavings after any such modifications constitutes your acceptance of the updated Terms.
Governing Law These Terms shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflicts of law principles.
Arbitration Any dispute arising out of or relating to these Terms or your use of DeSavings shall be settled by binding arbitration in accordance with the rules of the American Arbitration Association (“AAA”). The arbitration shall be conducted in Florida, and judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction.
Injunctive Relief Notwithstanding the foregoing, nothing in these Terms shall prevent either party from seeking injunctive relief in a court of competent jurisdiction.
Entire Agreement These Terms constitute the entire agreement between you and the Company regarding your use of DeSavings and supersede any prior agreements or understandings.
Severability If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.
No Waiver Our failure to enforce any right or provision of these Terms will not be deemed a waiver of such right or provision.
Assignment We may assign or transfer our rights and obligations under these Terms without your prior consent. You may not assign or transfer these Terms without our written approval.
Force Majeure We shall not be liable for any delays or failures in performance resulting from events beyond our reasonable control, such as natural disasters, acts of terrorism, or government actions.
If you have any questions or concerns about these Terms, please contact us at:
BLOCKBEACH LABS LLC Email: legal@desavings.com
BY CLICKING “ACCEPT” OR OTHERWISE INDICATING YOUR ASSENT, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREED TO THESE TERMS AND CONDITIONS.
© January 24, 2025, BLOCKBEACH LABS LLC. All rights reserved.