DSRPT — TERMS OF SERVICE
Last updated: August 16, 2026
See also our Privacy Policy.
IMPORTANT: THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CLASS ACTION WAIVER (SECTION 15), A LIMITATION OF LIABILITY (SECTION 13), AND IMPORTANT RISK DISCLOSURES (SECTION 6). THE PROTOCOL PRODUCTS DESCRIBED HEREIN ARE NOT INSURANCE. PLEASE READ THESE TERMS CAREFULLY.
1. Agreement; Parties
These Terms of Service (these "Terms") are a binding agreement between you ("you" or "User") and Dsrpt Inc., a Delaware corporation ("Dsrpt," the "Company," "we," or "us"), and govern your access to and use of the website located at dsrpt.finance, any subdomains, applications, and interfaces we operate (collectively, the "Interface"), through which you may access the Dsrpt protocol, a set of autonomous smart contracts deployed on the Base blockchain network (the "Protocol"). By accessing or using the Interface, or by clicking to accept these Terms, you agree to be bound by these Terms. If you do not agree, do not use the Interface.
2. The Interface and the Protocol
The Interface is a means of accessing the Protocol. The Protocol consists of publicly available smart contracts that execute autonomously according to their code and the parameters recorded on-chain at the time each transaction is entered. The Company operates the Interface and administers certain Protocol functions, but transactions you enter through the Protocol are executed by the smart contracts, are recorded on a public blockchain, and are generally irreversible. You — not the Company — control the wallet you use, the transactions you sign, and the private keys that authorize them. In the event of any conflict between any description in the Interface or these Terms and the operation of the smart contract code and its on-chain parameters, the smart contract code and on-chain parameters control.
3. Nature of Protocol Products; Not Insurance
The Protocol offers parametric risk-transfer instruments ("Cover") and the ability to supply capital to collateral pools that back Cover ("Liquidity Provision"). Cover pays out, if at all, strictly and exclusively according to predefined, objective, on-chain parameters — such as measured price deviation from a reference value and the persistence of that deviation — and not according to any assessment of loss you actually suffer. YOU MAY SUFFER A REAL ECONOMIC LOSS AND RECEIVE NO PAYOUT, OR RECEIVE A PAYOUT WITHOUT SUFFERING A LOSS, DEPENDING SOLELY ON WHETHER THE PARAMETRIC CONDITIONS ARE MET. COVER IS NOT A CONTRACT OF INSURANCE, IS NOT ISSUED BY A LICENSED INSURER, IS NOT SUBJECT TO INSURANCE REGULATION OR GUARANTY FUNDS, AND DOES NOT REQUIRE OR EVALUATE INSURABLE INTEREST OR PROOF OF LOSS. Payouts are limited to the amounts available under the Protocol’s collateral and tranche structure, and may be zero if collateral is insufficient. Liquidity Provision places your capital at risk of partial or total loss to fund payouts, subject to the withdrawal, cooldown, and solvency mechanics encoded in the Protocol.
4. No Advice; No Fiduciary Duty; No Offer
Nothing in the Interface constitutes investment, financial, legal, tax, accounting, or insurance advice, or a recommendation, solicitation, or offer to buy or sell any security or other financial instrument. The Company is not your broker, advisor, intermediary, or fiduciary, and owes you no fiduciary duties by virtue of your use of the Interface or the Protocol. You are solely responsible for evaluating the merits, risks, and legality of any transaction, and you should consult your own professional advisors before transacting.
5. Eligibility; Restricted Persons and Jurisdictions
You must be at least 18 years old and have full legal capacity to enter into these Terms. You represent that you are not, and are not acting on behalf of: (a) a person or entity subject to sanctions administered by the U.S. Office of Foreign Assets Control or any similar authority, or located, organized, or resident in a comprehensively sanctioned country or region; or (b) a person located or resident in any jurisdiction identified by the Company from time to time as a restricted jurisdiction, including [list — e.g., jurisdictions whose law would treat Cover as regulated insurance or the offering as a regulated financial product] (each, a "Restricted Person"). The Company reserves the right to restrict or block access to the Interface by geography, wallet address, or otherwise, at any time and without notice, including to comply with law. You agree not to use any virtual private network or other means to circumvent any restriction.
6. Assumption of Risk
You acknowledge and accept that use of the Interface and the Protocol involves substantial risk, including: (a) smart contract risk — the Protocol’s code may contain bugs, vulnerabilities, or errors, may be exploited, and may not perform as intended, and the Protocol and its parameters may be upgraded, modified, or paused by administrative functions; (b) oracle and data risk — the Protocol relies on third-party price feeds and data sources that may be delayed, stale, manipulated, erroneous, or unavailable, and Protocol behavior may change automatically when data is stale; (c) market risk — digital assets, including stablecoins and liquid staking tokens, are volatile and may lose some or all of their value, and depeg or contagion events may be more severe, longer, or different in character than any model anticipates; (d) collateral and counterparty structure risk — payouts depend on the sufficiency of pooled collateral and the Protocol’s tranche waterfall, and capacity limits, utilization limits, cooldowns, and solvency mechanics may delay or prevent withdrawals or payments; (e) blockchain risk — congestion, reorganization, forks, validator or sequencer failure, and loss or compromise of private keys, any of which may result in irreversible loss; (f) regulatory risk — the legal and regulatory treatment of digital assets and of parametric protocols is uncertain and evolving, and adverse legal or regulatory developments may adversely affect or terminate the Protocol, the Interface, or your positions; and (g) early-stage risk — the Protocol is experimental software operated by an early-stage company, and the Protocol or the Company may cease operations. YOU ASSUME ALL SUCH RISKS, INCLUDING THE RISK OF TOTAL LOSS OF ALL AMOUNTS YOU COMMIT, AND ACKNOWLEDGE THAT THE COMPANY HAS MADE NO REPRESENTATION TO YOU ABOUT EXPECTED RETURNS, YIELDS, OR PAYOUT OUTCOMES; ANY RATES OR TARGETS DISPLAYED IN THE INTERFACE ARE CONFIGURATION LABELS OR ESTIMATES ONLY AND ARE NOT PROMISES.
7. Fees
Use of the Protocol is subject to the fees encoded in the Protocol and disclosed in the Interface, which may include premium-based fees and asset-based fees deducted from collateral pools, in addition to blockchain network (gas) fees payable to third parties. Fees are subject to change for future transactions. All amounts paid are non-refundable except as expressly provided by the operation of the Protocol.
8. Your Responsibilities; Prohibited Conduct
You are solely responsible for the security of your wallet and private keys; the accuracy of every transaction you sign; your compliance with all laws applicable to you, including securities, insurance, commodities, tax, and anti-money-laundering laws; and the determination and payment of all taxes arising from your transactions. You agree not to: (a) manipulate or attempt to manipulate any price, oracle, feed, market, or Protocol parameter, including by wash trading or spoofing, or seek to trigger or avoid a payout through artificial means; (b) exploit, or probe for, any vulnerability in the Protocol or the Interface, or interfere with their operation; (c) use the Interface or Protocol in connection with any unlawful activity, including money laundering or sanctions evasion; (d) access the Interface by automated means that impose an unreasonable load; or (e) misrepresent your identity, location, or eligibility, or assist any Restricted Person in accessing the Interface.
9. Intellectual Property; Feedback
The Interface, and all content, trademarks, and software comprising it, are owned by the Company or its licensors and are protected by intellectual property laws, including patents and patent applications relating to the Protocol’s methods. Subject to these Terms, the Company grants you a limited, revocable, non-exclusive, non-transferable license to access and use the Interface for its intended purpose. No other rights are granted. If you provide feedback or suggestions, you grant the Company a perpetual, irrevocable, royalty-free right to use them without restriction or compensation.
10. Third-Party Services
The Interface and Protocol interoperate with third-party services and infrastructure — including wallets, the Base network, oracles and data providers, and other decentralized protocols — that the Company does not control and for which the Company is not responsible. Your use of any third-party service is at your own risk and subject to that party’s terms.
11. Modification; Suspension; Termination
The Company may modify, suspend, or discontinue the Interface, or any feature of it, at any time, with or without notice, and may amend these Terms by posting an updated version to the Interface with a revised "Last updated" date; material changes will be indicated by reasonable means. Your continued use of the Interface after an amendment becomes effective constitutes acceptance of the amended Terms. The Company may deny, suspend, or terminate your access to the Interface at any time, including for suspected violation of these Terms or of law. Sections 3, 4, 6, 9, and 12 through 17 survive any termination. Suspension or termination of Interface access does not, by itself, alter positions recorded on-chain, which remain governed by the Protocol’s code.
12. Disclaimer of Warranties
THE INTERFACE AND ANY INFORMATION IN IT ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, OR UNINTERRUPTED OR ERROR-FREE OPERATION. WITHOUT LIMITING THE FOREGOING, THE COMPANY MAKES NO WARRANTY REGARDING THE PROTOCOL, ITS SMART CONTRACTS, ANY ORACLE OR DATA SOURCE, OR ANY OUTCOME OF ANY TRANSACTION. NO ORAL OR WRITTEN INFORMATION OBTAINED FROM THE COMPANY CREATES ANY WARRANTY. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES, SO SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.
13. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW: (A) IN NO EVENT SHALL THE COMPANY OR ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR DIGITAL ASSETS, ARISING OUT OF OR RELATING TO THESE TERMS, THE INTERFACE, OR THE PROTOCOL, WHETHER BASED ON CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES; AND (B) THE AGGREGATE LIABILITY OF THE COMPANY AND SUCH PERSONS FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS, THE INTERFACE, OR THE PROTOCOL SHALL NOT EXCEED THE GREATER OF (i) ONE HUNDRED U.S. DOLLARS (US$100) AND (ii) THE FEES ACTUALLY RECEIVED BY THE COMPANY FROM YOUR TRANSACTIONS IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM. THE FOREGOING LIMITATIONS ARE FUNDAMENTAL ELEMENTS OF THE BASIS OF THE BARGAIN BETWEEN YOU AND THE COMPANY. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS OF LIABILITY, SO SOME OF THE ABOVE MAY NOT APPLY TO YOU.
14. Indemnification
You agree to indemnify, defend, and hold harmless the Company and its directors, officers, employees, agents, and affiliates from and against all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to: (a) your use of the Interface or the Protocol; (b) your violation of these Terms or of any law or the rights of any third party; or (c) any inaccuracy in any representation you make under these Terms.
15. Dispute Resolution; Binding Arbitration; Class Action Waiver
PLEASE READ THIS SECTION CAREFULLY — IT AFFECTS YOUR LEGAL RIGHTS. (a) Informal resolution: before filing any claim, you agree to attempt to resolve any dispute informally by written notice to the Company at the address in Section 17, and to negotiate in good faith for thirty (30) days. (b) Arbitration: any dispute, claim, or controversy arising out of or relating to these Terms, the Interface, or the Protocol that is not resolved informally shall be finally resolved by binding arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules (or, for non-consumer disputes, its Commercial Arbitration Rules), before a single arbitrator. The arbitration shall be conducted in Denton County, Texas, by videoconference, in English, and judgment on the award may be entered in any court of competent jurisdiction. The arbitrator, and not any court, shall have exclusive authority to resolve any dispute regarding the interpretation, applicability, or enforceability of this arbitration agreement, except that a court shall decide any question regarding the class action waiver below. (c) CLASS ACTION AND JURY TRIAL WAIVER: YOU AND THE COMPANY EACH WAIVE ANY RIGHT TO A TRIAL BY JURY AND ANY RIGHT TO PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE PROCEEDING; ALL CLAIMS SHALL BE BROUGHT ONLY IN THE PARTIES’ INDIVIDUAL CAPACITIES. If the class action waiver is held unenforceable as to a particular claim, that claim (and only that claim) shall proceed in court. (d) Exceptions: either Party may bring an individual claim in small claims court, and either Party may seek injunctive or equitable relief in court for actual or threatened infringement or misuse of intellectual property or for unauthorized access to the Interface or Protocol. (e) Opt-out: you may opt out of this arbitration agreement and class waiver by sending written notice to the Company at the address in Section 17 within thirty (30) days after first accepting these Terms, stating your name, wallet address, and intent to opt out; opting out does not affect any other provision of these Terms. (f) One-year limitation: to the extent permitted by law, any claim must be filed within one (1) year after the claim accrued, or be forever barred.
16. Governing Law; Assignment; Miscellaneous
These Terms are governed by the laws of the State of Delaware, without regard to conflict of laws principles, except that the Federal Arbitration Act governs Section 15. The Company may assign these Terms, and any of its rights and obligations hereunder, without your consent, including to an affiliate or to a successor in connection with a merger, reorganization, or sale of assets, and these Terms shall inure to the benefit of the Company’s successors and assigns; you may not assign these Terms without the Company’s prior written consent. These Terms, together with any policies referenced in them, constitute the entire agreement between you and the Company regarding the Interface and supersede all prior understandings. The Company’s failure to enforce any provision is not a waiver. If any provision of these Terms is held invalid or unenforceable, it shall be enforced to the maximum extent permissible and the remaining provisions shall remain in full force. Headings are for convenience only. Notices to you may be given by posting to the Interface or by any contact method you provide.
17. Contact
Dsrpt Inc. Email: dsrpt@dsrpt.finance.
This document is provided through the Dsrpt Interface. In case of any conflict with the operation of the Protocol’s smart contracts and their on-chain parameters, the smart contract code and on-chain parameters control.