Investment in stablecoins or crypto-assets is highly risky and you may suffer a total loss of the funds you exchange and you should only transmit funds if you have the financial resources to sustain a total loss of such funds.  Any indicated APY is not guaranteed and the value of your investment can go up as well down. Prior to making any investment you should seek independent, financial, legal and tax advice from a qualified and competent professional.

In particular, you understand and acknowledge that:

1. 1. 1. Immature and volatile market: The markets for digital assets are nascent and highly volatile due to factors such as adoption, speculation, technology, security, and regulation. Market prices may fluctuate dramatically over short periods of time and liquidity may be withdrawn suddenly and unexpectedly from any market or protocol.
      2. Unregulated market: DeFi is totally decentralised and not subject to any centralised control or supervision from a central regulator such as a Central Bank or the SEC. Investors do not therefore benefit from any regulatory protections.
      3. Interoperability risk: DeFi protocols are built on the blockchain and allow for interoperability between different protocols. The combination of DeFi protocols increases the complexity and exposure to vulnerabilities of each platform.
      4. DeFi risk: DeFi is predominantly built on open-source code (i.e. is publicly accessible), and as such is susceptible to particular idiosyncratic business risks such as “vampire attacks” by which a competitor exchange copies and edits code to gain a competitive advantage and market share by offering more attractive financial incentives to lure liquidity providers and users to its own platform.
      5. Stablecoin risk: Stablecoins may not be fully or adequately collateralised, are subject to price fluctuations and may lose their peg to the underlying fiat currency resulting in a total loss of value.
      6. Smart contract risk: The Service utilises smart contracts to “yield farm” by investing into liquidity pools or peer to peer lending or other uses to obtain tokens or other incentives in order to generate APY. Smart contracts are deterministic in that they execute automatically, meaning that errors within the code are impossible to rectify. They are also subject to vulnerabilities such as hacking and rely on external data feeds known as “oracles” which may be manipulated.
      7. Impermanent loss risk: Liquidity pools involve the risk of “impermanent loss” created by the use of automated marker maker, or “AMM” as prices fluctuate due to trading activity in the market which would crystallise if the assets were removed from the liquidity pool.
      8. Cryptographic risk: The cost and speed of transacting with cryptographic and blockchain-based systems such as Ethereum are variable and may increase dramatically at any time.
      9. Regulatory risk: DeFi is subject to regulatory change which might result in increased costs, restrictions on our ability to conduct business, one or more yield farming techniques no longer being available each of which may have an adverse effect on our ability to provide the Service or generate APY.
      10. Network and system risk: Using an Internet-based platform such as the Services, including, but not limited to, the failure of hardware, software, and Internet connections. Internet-based platforms such as the Application involve risks including, but not limited to, the failure of hardware, software, and Internet connections.
      11. Legal risk:  Changes in laws and regulations may materially affect the value of Digital Assets. This risk is unpredictable and may vary from market to market.

We do not provide personal advice in relation to our products or services. We sometimes provide factual information, information about transaction procedures and information about the potential risks. However, any decision to use our products or services is made by you. No communication or information provided to you by Return Finance is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance.