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Gauntlet vault agreement and disclaimer

Last updated
November 14, 2024

Agreement and Disclaimer - Please Read All of This

By using any Swell vault services (including any Symbiotic vaults, as may described with more detail here: https://docs.symbiotic.fi/core-modules/vaults) involving Gauntlet (also “we” or “us”), you acknowledge and agree that:

Gauntlet’s provision of vault services is not investment, tax, legal, or technological advice. None of the vaults are depository or custodial products, and none of your digital assets are guaranteed by Gauntlet or any other person. Gauntlet is not a fiduciary for any vault user(s), nor will we act as a broker, custodian, investment adviser, or asset manager through our provision of any vault services. Users will always deploy their assets at their own risk, with full understanding that (i) their digital assets may lose some or all of their market value; (ii) their digital asset positions may be slashed partially or entirely as a result of parameters that they cannot directly control or change; (iii) that their digital assets may be compromised or stolen by malicious software attacks; and that (iv) their only recourse to prevent such risks after deploying them is to fully withdraw during the applicable time lock period, which may be exceedingly short notice.

Any performance fees paid to Gauntlet from a vault cannot be reclaimed after the vault pays them. Gauntlet will have no contractual obligation to you, any vault user, or any other third-party arising from providing vault services.

You further acknowledge and agree that Gauntlet’s interests as a separate entity may at times conflict with its interests as a vault service provider. In such cases, we will not be required to give priority to anyone else’s best interests. Your only rights and remedies as a vault user will be those included in Swell's or Symbiotic’s Terms of Use.

While Gauntlet will exert its best efforts to select strategies and markets that they believe will optimize vault performance; we do not guarantee the accuracy or reliability of our modeling and analysis, and in no event does our modeling and analysis reliably predict or guarantee expected performance or (re-)staking yield. It further does not provide assurance against risk of loss. Make your own risk-reward decisions based on your own sophisticated market perspectives. Finally, remember that you bear full responsibility for lawful possession, custody, and security of your digital assets when you transact with Swell or Symbiotic vaults.

That being said, as a result of using any vault services offered here; you agree to release Gauntlet, its officers, directors, employees, and affiliates (“Gauntlet Parties”) from any claims or causes of action resulting from your use of the vaults; including, but not limited to, any financial losses, data breaches, or inaccuracies in information or reporting used by the vault services. Said more plainly; if you use these vaults and their services, your legal recourse is very limited, and you give up any claims that you may have against any Gauntlet Parties, to the fullest extent possible under applicable law.

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