Date: 2025.02.24
Version: 1.0
Date of the last revision: 2025.02.24

Accountable

Risk Disclosure 

Introduction

This Risk Disclosure document provides an overview of the risks associated with using the Services provided by Accountable within the Platform. By accessing the Platform and using the Services, you acknowledge that you have read, understood, and accepted the risks outlined in this document. It is crucial to cautiously approach trading and investing in digital assets and only invest what you can afford to lose.

Note 1: This list of risks is not exhaustive, nor does it identify all potential hazards. There may also be new or other risks not yet known or indicated in this document.

Note 2: All terms shall be interpreted in accordance with the meanings assigned to them in the Terms. The Terms are available [link]. This Risk Disclosure document constitutes an integral part of them.

DISCLAIMER:

Accountable is a technology services provider. The information contained by Accountable’s solutions is not investment advice. Trading financial instruments carry a high level of risk, and you are strongly advised to consult with your registered investor advisor. Do your own research and double-check the information. The use of an Accountable solution involves risks. While Accountable facilitates access to verifiable data, Accountable does not guarantee the accuracy of entered data or its reliability. Unless otherwise specified in a separate written commercial agreement between you and Accountable: Accountable solution is provided on an “as is” and “as available” basis, at your own risk; Accountable explicitly disclaims any representation or warranties of any kind and takes no responsibility for claims or damages of any kind associated with use or inability to use the Accountable’s solutions. Accountable’s solutions and services are provided to their direct recipients (purchasers) and not for the use of any other recipients.

1. General Risk Disclosures
   
   1. Market Volatility Disclosure
      
      1. Crypto asset markets are highly volatile, meaning the value of your investments can fluctuate significantly.
      2. High volatility may result in substantial losses.
   2. Investment Risk Disclosures
      
      1. Investing in virtual assets is speculative and involves high risk.
      2. Past performance of any product, including virtual assets, does not indicate future performance.
      3. Conduct thorough research and due diligence before investing in crypto products.
2. Fraud, Manipulation, and Hack Disclosure
   
   1. Virtual assets, including hacks and other targeted schemes, are susceptible to fraud, manipulation, and theft.
   2. Clients may not benefit from legal protections available in traditional financial markets.
3. Irreversibility of Virtual Asset Transfers
   
   1. Transfers of virtual assets are irreversible.
   2. Incorrect or incomplete wallet addresses may result in the permanent loss of your virtual assets.
4. Liquidity Risk
   
   1. Virtual assets may lack liquidity, making it difficult to open or close positions at desired prices, potentially leading to substantial losses.
5. Public Disclosure of Deposits and Withdrawals
   
   1. Deposits and withdrawals of virtual assets are recorded on public blockchains, exposing transactional data.
6. Wallet Access and Loss of Funds
   
   1. Loss of wallet access credentials, such as private keys or seed phrases, can permanently deplete virtual assets.
   2. Sharing wallet access credentials with third parties may expose your assets to unauthorized transactions and theft.
7. Platform-Specific Risks
   
   1. Market Risks
      
      1. Volatility: Digital asset prices fluctuate quickly, resulting in substantial losses.
      2. Liquidity: Low market liquidity can impact your ability to borrow or lend at desired amounts and prices.
   2. Financial Risks:
      
      1. Margin Calls and Liquidation: Falling collateral values below maintenance thresholds may result in liquidation.
      2. Borrowing Costs: Variable fees for borrowing can increase your costs.
   3. Technology Risks:
      
      1. Blockchain Reliability: Blockchain technology is prone to failures, security breaches, and hacks.
      2. Smart Contracts: Transactions governed by smart contracts may contain vulnerabilities that result in unintended consequences.
      3. Cybersecurity: Hacking, phishing, and cyber-attacks can lead to asset losses. Safeguard your wallet and private keys.
      4. Internet Connection: Risks of unauthorized access to data during use may exist. Employ antivirus programs and secure your digital wallet access.
8. Regulatory Risks
   
   1. Legal Status: Cryptocurrency markets face regulations that may impact Service provision.
   2. Regulatory Changes: New laws may impose additional obligations or restrict service access.
9. Operational Risks
   
   1. System Failures: Downtime or technical malfunctions may interrupt access to the Services.
   2. Third-Party Dependencies: Dependence on third-party providers may expose users to performance risks.
10. Specific Risks
    
    1. Automatic Liquidation: Falling collateral value may trigger automatic liquidation of pools or vaults, resulting in losses.
    2. Interest Rate Risks: Variable interest rates can affect returns and costs.
    3. Smart Contract Vulnerabilities: Bugs in smart contracts can lead to financial losses.
    4. Market Depth: Limited depth may prevent the execution of transactions at desired amounts and prices.
    5. Default Risk: Lending or borrowing involves counterparty risks that may lead to defaults.
    6. Parameter Changes: Changes in platform parameters like margin requirements may cause financial losses.
    7. Platform Integrations: Terminating Platform integrations may lead to deposit liquidations and nullification of smart contracts.
11. Additional Considerations
    
    1. No Guarantee of Profits: Digital asset investments are speculative and carry no guarantee of profit.
    2. Personal Responsibility: Conduct thorough due diligence and consult with financial, legal, and tax advisors before engaging in transactions.
12. Accountable Risk Disclosures
    
    1. No advice: No information on the Platform or provided as the Service constitutes advice to act or refrain from action.
    2. Service Provision Risks
       
       1. Data Access: Accountable does not have direct access to sensitive financial or crypto-asset data. The Platform provides Users with user interface (UI). The Platform is aggregated with third-party protocols that process that data, and the Protocol only validates the third-party signatures and proofs.
       2. Custody of Assets: Accountable does not collect, store, or take custody of User data or assets at any point.
       3. Third-Party Involvement: Verifications and recommendations are provided by third parties and aggregated on the platform.
    3. Specific Service Risks
       
       1. Accountable Data Verification Platform Service
       2. Uses privacy-preserving cryptographic methods, such as zero-knowledge proofs, to verify data.
       3. Aggregates data from third-party sources without storing User assets or data.
       4. Provides simulations and reports for informed decision-making but does not offer personalized financial advice.
    4. Accountable Proof of Reserves Service
       
       1. Cryptographic Reserve Verification: The Service verifies reserve holdings using cryptographic methods without revealing specific asset details.
       2. API-Driven Verification: The Service facilitates verifications through APIs but does not process or store User data on the Accountable’s servers.
       3. Limitations of Service: The Service does not provide credit scoring, financial predictions, or transaction recommendations.
    5. Yield Opportunities Platform Service
       
       1. Aggregation and Standardization: The Service only aggregates and standardizes yield opportunities for comparison but does not verify their accuracy.
       2. User Assessment: The Service only allows Users to assess opportunities using available data integrations independently and does not act on Users’ behalf.
    6. Decentralized Transaction Support: The Service supports transactions directly on the Platform or via third-party protocols, leaving Users with custody and control of assets.
13. Additional Operational Risks and Disclaimers
    
    1. Content Modification: Accountable reserves the right to modify or remove platform content at its discretion.
    2. Non-Agency Role: Accountable does not act as an agent or broker for settlements. Users are solely responsible for their transactions.
14. Conclusion
    
    1. Using Platform and/or Services, you acknowledge and accept the risks outlined in this document.
    2. Exercise caution and only invest amounts you can afford to lose.
    3. Platform does not assume any risks associated with your use of the Services.