Terms of Use

Terms of Use

VANILLA DEFI – TERMS OF SERVICE

Latest update: 22.3.2021

1. Introduction

Welcome to https://vanilladefi.com (“Site”), a website-hosted user interface provided and operated by Convoluted Labs Oy (“we”, “us”, “our”).

Convoluted Labs Oy (business ID 2891403-1) is a limited liability company formed under Finnish law, which has its principal office at Linnankatu 3 A 2, 20100 Turku, Finland. We are a research and development company focused on designing and building the decentralized web.

Our Site gives you access to a decentralized trading platform on the Ethereum blockchain that allows users to make profit by trading and loaning Ethereum assets using smart contracts.

Please read these Terms of Service (“Terms”) carefully before using the Site, as they govern your use of the Site, and the products, features, content, applications or services we provide through the Site (collectively with the Site, the “Services”) as well as your rights and obligations. Our privacy policy can be found here [URL].

By accessing or using our Services, you accept and agree to be bound by and to comply with these Terms. If you do not agree, you are not authorized to access or use our Services.

If you have any queries in relation to our Services, or these Terms, please contact us by email: hello@vanilladefi.com, or visit our Frequently Asked Questions.

2. Eligibility

The Services are provided only to entities and persons at least the age of 18. By accessing our using the Services, you represent and warrant that you are at least eighteen (18) years of age. If you are under the age of eighteen (18), you may not, under any circumstances or for any reason, use the Services.

You represent and warrant that you have the full right, power, and authority to enter into and comply with these Terms on behalf of yourself and any company or legal entity for which you may access or use the Services. You further represent and warrant that your access and use of the Services will fully comply with all applicable laws and regulations, and that you will not access or use the Services to conduct, promote, or otherwise facilitate any illegal activity.

We may, in our sole discretion, refuse to offer the Services to any person or entity and change the eligibility criteria for use thereof at any time.

3. Your Use of the Services

We grant to you a limited, personal, non-transferable, non-sublicensable, revocable license to access and use the Site for purposes of using the Services (and only while you are actively using the Services). Use, reproduction, modification, distribution or storage of any content for other than purposes of using the Services is expressly prohibited without prior written permission from us. You shall not sell, license, rent, or otherwise use or exploit any content for commercial use or in any way that violates the rights of any third party or these Terms.

The Services are provided on an “as is” and “as available” basis only. We give no warranties that the Services will always be available, uninterrupted or secure, or that the information contained on the Sitewill be accurate, complete or current, or that the Services will be free from errors, defects, viruses, or other harmful elements. From time to time, access may be interrupted, suspended or restricted because of a fault, error or unforeseen circumstances or because we are carrying out planned maintenance.

Some of the content on the Site may be out of date at any given time and we are under no obligation to update it. We will not be liable to you for any loss or damage you may suffer as a result of the Services being unavailable at any time for any reason. You will comply with all applicable domestic and international laws, statutes, ordinances, and regulations applicable to your use of the Services.

You acknowledge and agree that your use of the Site and Services is at your own risk. 

4. Prohibited Activity

You agree to access and use the Services only for their intended purpose. You agree not to perform, or attempt to perform, any of the following prohibited activities in relation to your access and use of the Services:

  • Violation of any intellectual property rights by infringing any copyright, trademark, service mark, patent, right of publicity, right of privacy, or other proprietary or intellectual property rights under the law.
  • Making of copies, modifying, reproducing, transmitting, altering or distributing all or any part of the Site or any material or information contained in it without our express permission.
  • Interference with or compromising the integrity, security, or proper functioning of any computer, server, network or personal device, including the deployment of viruses and denial of service attacks.
  • Usage of the Site to simulate misleading communications from us or another service or entity in order to collect identity information, authentication credentials, or other information (known as ‘phishing’).
  • Disguising or interfering in any way with the IP address of the computer you are using to access the Site or otherwise take steps to prevent us from correctly identifying the actual IP address of the computer you are using whilst accessing the Site.
  • Any other unlawful behaviour that violates any applicable law, rule, regulation or another relevant jurisdiction.
  • Usage of the Site in any manner that disrupts its operation.

We reserve the right to limit the availability of the Services to any person, geographic area or jurisdiction we so desire and/or to terminate your access and use of the Services, at any time and at our sole discretion. We may suspend or disable your access to the Services if we consider it reasonable to do so, e.g., in situations of non-compliance with these Terms.

5. Intellectual Property Rights

We own all intellectual property and other rights in the Site and the contents and material published on it. These works are protected by copyright laws and all such rights are reserved. These Terms do not transfer any of our or third-party’s intellectual property, to you.

https://vanilladefi.com is the uniform resource locator (‘URL’) of the Site. You will not make use of this URL (or any other URL owned by us) on another website or digital platform without our prior written consent.

You agree not to monitor, use or copy our Site, unless expressly authorized by us. Any unauthorised use or reproduction may be prosecuted.

6. Changes to these Terms

We reserve the exclusive right to unilaterally change these Terms from time to time in our sole discretion. You are advised to check these Terms periodically to assure that you are aware and comply with the latest version of these Terms. In case of the modifications of the Terms, we will indicate that on the Site and communicate it to you by updating the date on top of these Terms.

Changes are binding on users of the Site and will be effective after they are posted on the Site, unless stated otherwise in our notice. You acknowledge and agree that you accept these Terms (and any amendments hereto) each time you access the Site or utilize the Services in any manner. Therefore, we encourage you to review these Terms regularly as you shall be bound by them.

7. Privacy and Cookies

Your use of the Services is subject to our Privacy Policy [hyperlinkki] and Cookie Notice [hyperlinkki], which are incorporated herein by reference.

8. Disclaimers

Our Site’s main function is to act as an interface and facilitator for decentralized token trading and lending as well as profit mining activities on the Ethereum blockchain. You acknowledge that our Services merely provide you a user interface by which you may access decentralized activities.

By accessing and using the Services, you further represent that you understand the inherent risks associated with using cryptographic and blockchain-based systems. You understand that the markets for these digital assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems such as Ethereum are variable and may increase dramatically at any time. We are not responsible for any of these variables or risks. You expressly waive and release us from any and all liability, claims, causes of action, or damages arising from or in any way related to your use of the Services. You acknowledge that any interactions through the Site is entirely your own responsibility and liability.

We do not guarantee that the Site will be secure or free from bugs or viruses.

You are responsible for configuring the technology in your use, computer programs and platform in order to access the Site. You should use your own virus protection software.

We cannot promise that the use of the Site, or any content taken from the Site, will not infringe the rights of any third party. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Site.

The content and materials available on the Site do not constitute any form of financial advice or recommendation by us, should not be regarded as an offer, solicitation, invitation or recommendation to buy or sell investments, securities or any other financial services and is not intended to be relied upon by you in making any specific investment or other decisions.

From time to time, reference may be made to data we have gathered. These references may be selective or may be partial. As markets change continuously, previously published information and data may not be current and should not be relied upon.

At any time, your access to your cryptocurrency assets through the Site may be suspended or terminated or there may be a delay in your access or use of your cryptocurrency assets which may result in the cryptocurrency assets diminishing in value or you being unable to complete a smart contract and that the Site may be suspended or terminated for any or no reason, which may limit your access to your cryptocurrency assets.

Accordingly, you understand and agree to take full responsibility for all of the risks of accessing and using the Services.

9. Indemnification

You agree to indemnify and hold harmless us, our affiliates, contractors, licensors, and their respective directors, officers, employees and agents from and against any and all claims and expenses, including attorneys’ fees, arising out of your use of the Services, including, but not limited to, your violation of these Terms.

The Site may contain hyperlinks or references to third-party websites. Any such links or references are provided for your information and convenience only. We have no control over third-party websites and we will not accept any legal responsibility for any content, material or information contained in them. The display of any hyperlink and reference to any third-party website does not mean that we endorse that third-party's website, products or services. Your usage of a third-party site may be governed by the terms and conditions of that third-party site.

11. General

We may perform any of our obligations, and exercise any of the rights granted to us under these Terms, through a third-party. We may assign any or all our rights and obligations under these Terms to any third-party.

If any clause or part of any clause of these Terms is found to be void, unenforceable or invalid, then it will be severed from these Terms, leaving the remainder in full force and effect, provided that the severance has not altered the basic nature of these Terms.

No single or partial exercise, or failure or delay in exercising any right, power or remedy by us shall constitute a waiver by us of, or impair or preclude any further exercise of, that or any right, power or remedy arising under these Terms or otherwise.

All disclaimers, indemnities and exclusions in these Terms shall survive termination of the Terms and shall continue to apply during any suspension or any period during which the Services are not available for you to use for any reason whatsoever.

These Terms and the documents referred to in them set out the entire agreement between you and us with respect to your use of the Services, and supersede any and all prior representations, communications or agreements (written or oral) made between us.

12. Governing Law, Limitations and Jurisdiction

These Terms, including the arbitration clause, and any dispute, claim or controversy arising out of or relating to these Terms, or the breach, termination or validity thereof, are governed by the laws of Finland without regard to its principles and rules on conflict of laws.

Any cause of action or claim you may have arising out of or in relation to these Terms, or your use of the Services must be commenced within one (1) year after the cause of action has incurred, otherwise such cause of action is permanently barred.

Any dispute, controversy, or claim arising out of or in relation to these Terms, including the validity, invalidity, breach or termination thereof, or the Services provided by us, shall be finally settled by arbitration in accordance with the Arbitration Rules of the Finland Chamber of Commerce. The number of arbitrators shall be one and the seat of the arbitration shall be Helsinki. The language of the arbitration shall be Finnish. However, evidence may be submitted and witnesses may be heard in English, to the extent the arbitral tribunal deems it appropriate.