Disclaimer

No Financial Advice: The information provided on this website and within Digital Monetary Framework is for informational purposes only and does not constitute financial, investment, legal, or tax advice. You should conduct your own research and consult with qualified professionals before making any financial decisions.

No Guarantees: Digital Monetary Framework [DMF] makes no representations or warranties regarding the future performance, value, or success of DMF tokens or any related services. Past performance does not guarantee future results.

User Responsibility: You are solely responsible for your decisions to buy, sell, hold, or transact with DMF tokens. All transactions are at your own risk.

Backing Assets: DMF tokens are backed by Circle stablecoins: dmfUSD is backed by USDC (Circle USD Coin), and dmfEUR is backed by EURC (Circle EUR Coin). These Circle tokens are issued by Circle Operations Limited and are 100% backed by Circle's reserves. For more information about USDC, visit Circle USDC, and for EURC, visit Circle EURC.

Circle Price Stability: While Circle stablecoins are designed to maintain a 1:1 peg with their underlying assets, the value of Circle tokens can fluctuate slightly due to market conditions, regulatory changes, or other factors beyond our control. DMF tokens inherit this price stability from their backing assets.

Refund Mechanism: When you refund DMF tokens, you receive the backing asset (USDC or EURC) at 100% backing value minus protocol fees, resulting in a 99.9% effective refund rate. Fees include development fees (0.05%), dividend fees (0.05%), reserve fees (0.075%-0.15%), and burn fees (0.075% when below burn limit, 0% when at limit). The amount of backing asset received may be different from the amount originally used to purchase DMF tokens due to fee deductions.

Circle Reserve Risk: Digital Monetary Framework [DMF] is not responsible for any issues related to Circle's reserves, operations, or the backing assets (USDC, EURC). While Circle maintains transparency through monthly reserve attestations, any issues with Circle's reserves could affect the value of DMF tokens.

Market Risk: Cryptocurrency and stablecoin markets can be volatile and unpredictable. While DMF tokens are designed for stability, the value of backing assets (USDC, EURC) can fluctuate, and market conditions may affect DMF token prices.

Smart Contract Risk: While our smart contracts use audited OpenZeppelin libraries and undergo comprehensive Foundry Forge testing, smart contracts may contain bugs, vulnerabilities, or unexpected behaviors that could result in loss of funds.

Regulatory Risk: Cryptocurrency and stablecoin regulations are evolving and may change in ways that could affect the legality, use, or value of DMF tokens or their backing assets (USDC, EURC).

Technology Risk: Blockchain technology, smart contracts, and related technologies are still developing and may have technical limitations, failures, or security vulnerabilities.

Dividend Eligibility Risk: Only EOAs (Externally Owned Accounts, non-contract addresses) are eligible for dividend distributions. Contract addresses are automatically excluded, which may affect certain DeFi strategies or automated trading systems.

Fee Risk: All transactions (buys, transfers, refunds) are subject to fees totaling 0.25%: Buy transactions: 0.05% dev fee, 0.1% reserve fee, 0.1% dividend fee. Refund transactions: 0.05% dev fee, 0.05% dividend fee, plus 0.075% burn fee and 0.075% reserve fee (when below burning limit) or 0.15% reserve fee (when at limit). Transfer transactions: 0.05% dev fee, 0.1% dividend fee, 0.1% reserve fee. DEX swaps are fee-free. These fees reduce the net value of transactions.

Burn Limit Risk: Token burning is limited to 20% of total supply for each DMF token. Once this limit is reached, burn fees become 0% and reserve fees increase to 0.15%, which may affect the deflationary mechanism.

Dividend Risk: Dividend distributions are not guaranteed and depend on transaction volume and fee generation. Dividends may be minimal or zero if there is insufficient protocol activity.

Liquidity Risk: There may be limited liquidity for DMF tokens or their backing assets (USDC, EURC), which could make it difficult to buy or sell tokens at desired prices.

Network Risk: The ARC network may experience congestion, delays, or other issues that could affect transaction processing or costs.

Circle-Specific Risks: DMF tokens are subject to risks associated with Circle stablecoins, including potential depegging, regulatory actions against Circle, or issues with Circle's reserves or operations.

No Guaranteed Returns: There are no guarantees that you will earn profits or avoid losses when using Digital Monetary Framework [DMF]. All investments carry risk, and you may lose some or all of your invested capital. Dividend distributions are not guaranteed and depend on transaction volume and fee generation.

No Insurance: DMF tokens and their backing assets (USDC, EURC) are not insured by any government agency or insurance company. In the event of loss, there may be no recourse for recovery.

No Fiduciary Relationship: Digital Monetary Framework [DMF] is not acting as your financial advisor, fiduciary, or investment manager. We do not have a duty to act in your best interests.

Forced Growth Not Guaranteed: While DMF tokens feature a forced-growth mechanism through dividend distribution, there is no guarantee that dividends will be generated or that your holdings will appreciate in value. Growth depends on protocol activity and transaction volume.

Private Key Security: You are responsible for the security of your private keys and wallet. Loss of private keys may result in permanent loss of your tokens.

Transaction Errors: Blockchain transactions are irreversible. Sending tokens to incorrect addresses or using incorrect parameters may result in permanent loss. Dividend claiming requires manual action and gas fees.

Network Fees: Transaction fees on the ARC network may vary and could be significant during periods of high network congestion.

Compatibility Issues: Wallet software, browsers, or other tools may not be compatible with Digital Monetary Framework or may malfunction.

Approval Requirements: Purchasing DMF tokens requires approving the contract to spend your backing assets (USDC, EURC). You must ensure you approve the correct contract address and amount.

Your Responsibility: You are responsible for ensuring that your use of Digital Monetary Framework complies with all applicable laws and regulations in your jurisdiction.

Tax Obligations: You may be subject to tax obligations related to your transactions with DMF tokens or their backing assets (USDC, EURC). Consult with a qualified tax professional to understand your obligations.

Restricted Jurisdictions: Digital Monetary Framework [DMF] may not be available in all jurisdictions. It is your responsibility to determine whether your use is permitted in your location.

Circle Regulatory Risk: Regulatory actions against Circle or Circle stablecoins could affect the value or availability of DMF tokens.

No Liability: Digital Monetary Framework, its developers, and affiliates shall not be liable for any direct, indirect, incidental, special, or consequential damages arising from your use of the protocol.

Force Majeure: We are not responsible for delays or failures caused by events beyond our control, including but not limited to natural disasters, war, regulatory actions, network failures, or issues affecting Circle's operations or reserves.

Third-Party Services: We are not responsible for the actions, omissions, or services of third-party wallet providers, exchanges, or other services that you may use in connection with Digital Monetary Framework.

Circle Liability: Digital Monetary Framework is not responsible for any issues, losses, or damages related to Circle Operations Limited, Circle stablecoins, or Circle's reserves or operations.

Protocol Updates: Digital Monetary Framework [DMF] may be updated, modified, or discontinued at any time. Such changes may affect the functionality or value of DMF tokens.

Disclaimer Updates: This disclaimer may be updated periodically. Continued use of Digital Monetary Framework [DMF] after changes constitutes acceptance of the updated terms.

No Notice Required: We are not obligated to provide advance notice of changes to the protocol or this disclaimer.