⚡Disclaimer & Risks

⚡ Disclaimer

Disclaimer & Risks

The information provided in this document and the corresponding website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. The LUCAX protocol, Crypto Peso protocol and the Council Ekilibrio team does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. By purchasing LUCAX, Crypto Peso and / or other, you agree that you are not purchasing a security or investment and you agree to hold the team harmless and not liable for any losses or taxes you may incur.

You also agree that the team is presenting the token “as is” and is not required to provide any support or services. You should have no expectation of any form from The LUCAX protocol, Crypto Peso protocol and the Council Ekilibrio team. Although LUCAX protocol, Crypto Peso protocol are EXPERIMENTAL (I + T) tokens for social experiment and not a digital currency, the team strongly recommends that only participate in the experiment in accordance with local laws. You agree that should you participate in the experiment, that the LUCAX protocol, Crypto Peso protocol and the Council Ekilibrio team takes no responsibility for financial decisions or consideration you may make, including any losses you may incur.

Always make sure that you are in compliance with your local laws and regulations before you make any purchase, please note there are always risks associated with smart-contracts. Please use at your own risk. LUCAX is not a registered broker, analyst or investment advisor. Everything that we provide on this site is purely for guidance, informational and educational purposes. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions.

The terms "loan", "debt", "insurance", "guarantee", "rescue", "borrow", "lend", "savings" are used only as a basic reference, without any effective or legal meaning thereof. terms in a regulated and / or traditional financial environment. The LUCAX protocol, Crypto Peso protocol and Smart Contracts do not accept as collateral or insurance or do they work at all with security tokens of any kind and with asset-backed or fiat-backed stablecoins, whether global or limited in scope.

A large part of the smart contracts of Crypto Peso protocol has Copyright 2020 Unit Protocol: Artem Zakharov ([email protected]). and These programs are distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.

Ekilibrio Tech Llc, is a non-profit organization, The LUCAX protocol, Crypto Peso protocol and the Council Ekilibrio, do not allow, process or facilitate in any way the transfer from user to user of any token or other assets or securities, or third party payments of any kind. Ekilibrio tech llc and the Council Members do not own or control the LUCAX Protocol, Crypto Peso protocol and / or the Smart Contracts, but simply contribute to its development, maintenance, security in a totally open way, the integration of commercial alliances, act as an arbitrator and manage the activities of the operation of the protocol, in addition to the creation of software, apps, illustrative material, tutorials of the instruments and ecosystem products.

⚡Risks

Although we take a multitude of safety precautions and Lucax Utility Token is audited, farming and participating in DeFi comes with certain risks. Below, we discuss the potential risks associated with using Wault.

Risks to Yield Farmers

Risks

We take a multitude of safety precautions. LUCAX is an audited program. However, farming and participating in DeFi comes with certain risks. Below, we discuss the potential risks associated with using Wault.

Risks to Yield Farmers

Impermanent Loss (IL):

Risk:

• Risk of (impermanent) capital loss from asset re-balancing in the Automated Market Maker ("AMM") pool.

• Stablecoin pairs can be subject to impermanent loss, if the price of at least one moves off peg. In general, the Impermanent Loss (IL) from this movement is small and transient. Historically, however, there have been instances where stablecoins have stayed off-peg for extended periods of time. By opening a position with large leverage, you are also amplifying the potential IL on your principal.

Mitigation:

• Impermanent loss is not unique to Lucax Protocol. It is common among all yield farming and AMMs. While it’s not possible to completely mitigate IL, users can choose to yield farm asset pairs that have high correlations to minimize potential IL. For more information on IL, you can start with this article.

Smart Contract Risks

⚠ Risk:

• While the majority of our smart contracts have been audited by multiple third-party firms, they could theoretically have vulnerabilities.

Mitigation:

• Having smart contracts audited by multiple professional third-party firms decreases the chance of vulnerabilities.

• You can find our recent audit reports here.

• We also have an audit on Wault Locker here.

While we do our best to eliminate all the possible risks, DeFi is an industry where events that no one predicted can occur(the dreaded black swans). So please don’t risk assets you cannot afford to lose. We work tirelessly to protect your money. You should do the same. 😊