Terms of Use
Welcome to Nemo! These Terms of Use ("Terms") constitute a legally binding agreement between you ("you," "your," or "user") and the developers and contributors to the Nemo Protocol ("we," "us," or "our") governing your access to and use of the Nemo Protocol interface (the "Interface"), the underlying smart contracts (the "Protocol"), and any related services.
By accessing, connecting your wallet to, or using the Interface, you acknowledge that you have read, understood, and agree to be bound by these Terms in their entirety. If you do not agree, you must not access or use the Interface or the Protocol.
1. The Nemo Protocol Nemo is a decentralized, non-custodial financial protocol built on the Sui blockchain. The Protocol allows users to interact with smart contracts to, among other things:
Split yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT).
Provide liquidity and engage with automated yield strategies in Liquidity Provider (LP) Vaults ("Nemo Vaults").
The Protocol is autonomous code deployed on the Sui blockchain. We, as developers of the Interface, do not control the Protocol, have custody over your funds, or have the ability to reverse any transactions. All transactions are processed on the Sui network and are final and irreversible. 2. Eligibility and Geographic Restrictions To be eligible to use the Interface, you must be at least 18 years of age (or the age of legal majority in your jurisdiction) and have the full right, power, and authority to enter into and comply with these Terms. You represent and warrant that you are not: (a) A citizen, resident, or located in the United States of America (including its territories), the United Kingdom (for certain derivative products), Canada, or any jurisdiction where your use of the Protocol would be illegal or otherwise violate any applicable law. (b) A citizen or resident of a jurisdiction subject to comprehensive economic sanctions by the United Nations, the U.S. Office of Foreign Assets Control (OFAC), or other relevant authorities, including, but not limited to, Cuba, Iran, North Korea, Syria, the Crimea, Donetsk, or Luhansk regions of Ukraine. (c) A person or entity listed on any sanctions list, such as the UN Security Council Sanctions List or the OFAC Specially Designated Nationals (SDN) List. We reserve the right to restrict access to the Interface from any jurisdiction at any time, with or without notice. 3. Assumption of Risk Your use of the Nemo Protocol is entirely at your own risk. By using the Protocol, you expressly acknowledge and accept the following risks:
No Financial Advice: All information provided on the Interface is for informational purposes only and should not be construed as financial, investment, legal, or tax advice. You are solely responsible for your financial decisions and outcomes.
Market Risk & Volatility: The value of cryptographic assets is extremely volatile. Prices can fluctuate dramatically in a short period. You may lose the entire value of your assets.
Smart Contract Risk: The Nemo Protocol is composed of complex smart contracts. While these contracts may have undergone third-party audits [You should link to your audit reports here], audits do not eliminate all risks. A bug, vulnerability, or exploit could result in the total and permanent loss of your funds.
Impermanent Loss (IL): When providing liquidity to Concentrated Liquidity Market Maker (CLMM) pools, such as those used by Nemo Vaults, you are exposed to Impermanent Loss. This loss occurs when the price of the assets in the pool changes compared to holding them in your wallet. Aggressive, narrow-range strategies may significantly amplify IL.
Vault Strategy Risk: Nemo Vaults employ automated rebalancing strategies to maximize yield. These strategies carry inherent risks, including:
Rebalancing Costs: Frequent rebalancing incurs transaction fees and slippage, which can erode profits or even lead to a net loss, especially in volatile markets.
Strategy Failure: A strategy may underperform or fail under certain market conditions, leading to financial loss. Past performance and displayed APYs are not guarantees of future results.
Protocol & Yield Risk: APY (Annual Percentage Yield) figures displayed are variable, dynamic, and not guaranteed. They are based on historical data and can change rapidly due to market conditions, trading volume, and changes in underlying reward programs.
Non-Custodial Responsibility: You are solely responsible for the security of your private keys and wallet. Loss of access to your wallet will result in the permanent loss of your funds. Nemo developers never have custody or control over your assets.
Regulatory Uncertainty: The regulatory landscape for DeFi and digital assets is evolving. Future regulations may restrict or prohibit the use of the Nemo Protocol and could impact the value of your assets.
Sui Network Risk: The Protocol relies on the underlying Sui blockchain. Any failure, fork, or malfunction of the Sui network could negatively impact the Protocol and your assets.
4. Fees Transactions on the Nemo Protocol require the payment of transaction fees ("Gas") to the Sui network. Furthermore, certain products or vaults on Nemo may be subject to protocol fees (e.g., performance fees on yield generated). All fees will be disclosed to you through the Interface before you confirm a transaction. 5. No Warranties & "AS-IS" THE INTERFACE AND THE NEMO PROTOCOL ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT GUARANTEE THAT THE INTERFACE OR PROTOCOL WILL BE SECURE, ERROR-FREE, OR UNINTERRUPTED. 6. Limitation of Liability IN NO EVENT SHALL NEMO, ITS DEVELOPERS, CONTRIBUTORS, OR AFFILIATES BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN ANY WAY CONNECTED WITH:
YOUR USE OF OR INABILITY TO USE THE INTERFACE OR PROTOCOL;
ANY LOSSES RESULTING FROM SMART CONTRACT VULNERABILITIES, HACKS, OR EXPLOITS;
ANY LOSSES DUE TO MARKET VOLATILITY, IMPERMANENT LOSS, OR STRATEGY PERFORMANCE;
ANY ACTION OR INACTION YOU TAKE BASED ON INFORMATION FOUND ON THE INTERFACE.
YOU ACKNOWLEDGE AND AGREE THAT YOU ARE USING THE PROTOCOL AT YOUR OWN SOLE RISK AND ARE RESPONSIBLE FOR YOUR OWN PROFITS AND LOSSES. 7. Prohibited Activities You agree not to engage in any of the following activities:
Violating any applicable laws or regulations.
Using the Protocol for any illegal purpose, including money laundering or terrorist financing.
Attempting to compromise the integrity of the Protocol, including hacking, introducing viruses, or deploying malicious code.
Engaging in any form of market manipulation.
8. Amendments We may amend these Terms at any time by posting the revised version on the Interface. The "Last Revised" date at the top of these Terms will indicate when the latest changes were made. Your continued use of the Interface after any changes constitutes your acceptance of the new Terms. 9. Entire Agreement These Terms constitute the entire agreement between you and us regarding your use of the Nemo Protocol and supersede all prior agreements and understandings.
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