Please review these Terms of Use of Bedrock (the "Terms") carefully, as they set forth legally binding terms and conditions between you and the Company that govern your access and/or use of the Website and Bedrock Smart Contracts through Website Access or Direct Access.
By accessing Bedrock, users agree to these Terms on behalf of themselves and any entity they represent.
⚠️ Exclusion Notice
Bedrock (which includes the Website and the Bedrock Smart Contracts (as defined below)) are not intended for: (a) access and/or use by Excluded Persons (as defined below); or (b) access and/or use by any person or entity in, or accessing or using the Website from, an Excluded Jurisdiction.
The Website is owned by Golden Bull Enterprises Limited (British Virgin Islands entity). Users are deemed to accept Terms by accessing Bedrock.
The platform enables users to:
Bedrock enables Users to undertake Bedrock Activities through the use of smart contracts comprising computer code written based on various blockchain standards and programming languages (collectively, "Bedrock Smart Contracts")
For these Terms:
(a) The Website is "a user interface designed by Company to facilitate use of the Bedrock Smart Contracts to undertake Bedrock Activities"
(b) The Website may publish publicly available information including staking amounts, exchange ratios, and historical data.
(c) "Company may modify or discontinue support for the Website at any time, in its sole discretion."
With technical expertise, users can interact with smart contracts via Direct Access. "Company is not involved in and has no oversight of any Direct Access and expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility for any loss occasioned to a User by or attributable to Direct Access."
(a) Users must connect a "Bedrock Supported Chain-compatible wallet address ("Compatible Wallet") for which such User controls the associated private key" to undertake activities. User's wallet relationship is governed by the wallet provider's terms.
(b) "Company and its Affiliates do not have custody or control over any Compatible Wallet which a User connects to the Bedrock Smart Contracts, the private keys associated with any such Compatible Wallet and/or the assets such User holds using any such Compatible Wallet, and have no ability to retrieve or transfer any such assets."
Connection does not imply Company endorsement. Users assume all responsibility for selecting and evaluating wallets and bear all risks.
(c) The Website displays wallet data and allows users to generate transaction messages for Bedrock Activities.
(a) Company has developed and deployed the Bedrock Smart Contracts.
(b) "All Bedrock Activities and/or Bedrock Transactions carried out by a User using the Bedrock Smart Contracts are effected and recorded solely through the interactions of such User with the respective validators of the Bedrock Supported Chain on which such Bedrock Activities and/or Bedrock Transactions are conducted, whom are not under the control of or affiliated with the Company and/or its Affiliates."
(c) "Neither the Company nor its Affiliates is capable of interacting with the Bedrock Smart Contracts to undertake any Bedrock Activity and/or Bedrock Transaction (whether directly or indirectly) on your behalf."
(a) Transaction Fees are charged for each Bedrock Transaction. "Such Transaction Fees are separate and distinct from any other amount(s) payable in the execution of specific transactions via the Bedrock Smart Contracts, if any, and may include (but are not limited to) fees applicable to Liquid Restaking, including deposit fees at the time of effecting Liquid Restaking and withdrawal fees at the time of Unstaking"
(b) The Transaction Fee is displayed during transaction initiation and must be accepted before execution.
(c) Users consent to fees being debited from their Compatible Wallet. "Such Transaction Fees may be subject to change via variations to the conditions of the Bedrock Supported Chains which are not within the control of Company."
(a) The Website, Bedrock Smart Contracts, and all intellectual property are "wholly owned by the Company and/or its Affiliates, its licensors or other providers of such material in accordance with applicable copyright, trademark, patent, designs and other intellectual property rights laws."
(b) Users are "hereby granted a non-exclusive, non-transferable, revocable, limited licence to electronically access and use the Website in the manner described in these Terms." Users cannot sub-license rights. "Company may revoke or terminate this licence at any time if you use, or attempt to use, the Website in a manner prohibited by these Terms, or if your rights under these Terms are terminated pursuant to Section 6."
(c) "The Bedrock Smart Contracts are open-source software accessible pursuant to applicable open-source licences (including but not limited to the MIT License and the GNU General Public License v3.0)" and are not subject to the limited license above. Users' access may be subject to applicable open-source licenses. More information at https://github.com/Bedrock-Technology/
(a) Liquid Restaking may be effected via the "Products" feature through Website Access or Direct Access. Users may initiate Liquid Restaking subject to compliance with requirements including Min/Max Amount Requirements and may earn potential "Restaking Rewards."
(b) "For more information regarding Restaking Rewards, please refer to the Bedrock Documentation. Company makes no guarantees as to a User earning any Restaking Reward, when any Restaking Reward will be made available or distributed to a User, nor the price or value of any Restaking Reward on any secondary market."
(c) Liquid Restaking Tokens ("Bedrock Unstaking Supported Tokens") may be burned to receive Bedrock Liquid Restaking Supported Tokens ("Unstaking"). Users may initiate Unstaking subject to compliance with requirements. Upon Unstaking:
(d) Processes are described in Bedrock Documentation with step-by-step guides.
(e) Users accessing Bedrock for Liquid Restaking/Unstaking are "deemed to have read and understood the Bedrock Documentation, and acknowledges and accepts all risks relating to Liquid Restaking and Unstaking (including any such risks as may be set out in the Bedrock Documentation) and all fees relating to Liquid Restaking and Unstaking, including in particular:"
(a) Bridging may be effected via the "Products" feature through Website Access or Direct Access. Bedrock provides access to Third-Party Integrated Applications/Third-Party Smart Contracts for Bridging. "Company is not involved in and has no oversight of Third-Party Integrated Applications and/or Third-Party Smart Contracts and expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility, for any loss occasioned to a User by or attributable to such User's interactions with Third-Party Integrated Applications and/or Third-Party Smart Contracts to effect Bridging."
(b) Users may initiate Bridging of Bedrock Bridging Supported Tokens subject to compliance with requirements including Min/Max Amount Requirements.
(c) Process is described in Bedrock Documentation.
(d) Users accessing Bedrock for Bridging are "deemed to have read and understood the Bedrock Documentation, and acknowledges and accepts all risks relating to Bridging (including any such risks as may be set out in the Bedrock Documentation) and all fees relating to Bridging, including in particular:"
(a) Vaulting may be effected via the "Vaults" feature through Website Access or Direct Access. Bedrock provides access to Third-Party Integrated Applications/Vaults for Vaulting. "Company is not involved in and has no oversight of Third-Party Integrated Applications and/or Vaults (being Third-Party Smart Contracts) and expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility, for any loss occasioned to a User by or attributable to such User's interactions with Third-Party Integrated Applications and/or Vaults (being Third-Party Smart Contracts) to effect Vaulting."
(b) Users may initiate Vaulting of Bedrock Vaulting Supported Tokens subject to compliance with requirements including Min/Max Amount Requirements.
(c) Process is described in Vaulting Documentation. "Company is not involved in and has no oversight of the Vaulting Documentation and does not make any guarantee as to the accuracy or completeness of the Vaulting Documentation. Company expressly disclaims all responsibility, and User acknowledges that Company and its Affiliates shall have no responsibility, for any loss occasioned to a User by or attributable to the Vaulting Documentation"
(d) Users accessing Bedrock for Vaulting are "deemed to have read and understood the Vaulting Documentation, and acknowledges and accepts all risks relating to Vaulting (including any such risks as may be set out in the Vaulting Documentation) and all fees relating to Vaulting, including in particular:"
Users make the following representations regarding access to Bedrock:
"All of the above representations and warranties are true, complete, accurate and not misleading from the time of your acceptance of these Terms and are deemed repeated each time you access and/or use Bedrock."
Users may not engage in the following activities ("Prohibited Uses"):
You agree and acknowledge that Company and its Affiliates shall not be liable for any direct, indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of fund, asset, revenue, income or profits, and loss of use or data), arising out of or in connection with your access and/or use of Bedrock or your undertaking of any Bedrock Activity and/or Bedrock Transaction.
You undertake not to initiate or participate, and waive the right to participate in, any class action lawsuit or a class-wide arbitration against Company and/or its Affiliates in respect of your access and/or use of Bedrock.
By accepting these Terms, you waive all rights, claims and/or causes of action (present or future) under law (including any tortious claims) or contract against Company and its Affiliates in connection with your access and/or use of Bedrock.
These Terms will remain in full force and effect for so long as you access and/or use Bedrock. Company may suspend or terminate your rights to access and/or use Bedrock at any time for any reason at Company's sole discretion.
Upon termination of your rights under these Terms, your right to access and/or use Bedrock will terminate immediately.
Company will not have any liability whatsoever to you for any termination of your rights under these Terms. Even after your rights under these Terms are terminated, Sections 5, 6.3, 7 and 8 of these Terms will remain in effect.
(a) BEDROCK (WHICH INCLUDES THE WEBSITE AND THE BEDROCK SMART CONTRACTS) ARE PROVIDED ON AN "AS-IS" AND "AS AVAILABLE" BASIS, AND COMPANY EXPRESSLY DISCLAIMS ANY AND ALL WARRANTIES AND CONDITIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY.
(b) COMPANY DOES NOT ENDORSE ANY THIRD PARTY AND SHALL NOT BE RESPONSIBLE IN ANY WAY FOR ANY INTERACTIONS OR TRANSACTIONS YOU ENTER INTO WITH ANY OTHER THIRD PARTY.
(a) SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY, SO THE FOLLOWING LIMITATIONS MAY NOT APPLY TO YOU.
(b) TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL COMPANY AND/OR ITS AFFILIATES BE LIABLE TO YOU FOR ANY LOST PROFITS, LOST DATA, OR ANY INDIRECT, CONSEQUENTIAL DAMAGES.
(c) COMPANY AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY LOSS OR DAMAGE ARISING OUT OF YOUR FAILURE TO KEEP YOUR PRIVATE KEYS SECURE.
(d) TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE LIABILITY OF COMPANY TO YOU WILL AT ALL TIMES BE LIMITED TO A MAXIMUM OF THE AMOUNT OF TRANSACTION FEES PAID BY YOU DURING THE PRECEDING TWELVE (12) MONTHS.
You agree to indemnify and hold Company and its Affiliates harmless from any loss, claim or demand made due to or arising out of:
You are solely responsible for determining the tax implications and tax reporting requirements associated with your access and/or use of Bedrock and for paying any applicable taxes in each applicable jurisdiction.
The Parties shall use best efforts to resolve any potential disputes through informal, good faith negotiations. In the event a potential dispute arises, you agree that you shall contact us by sending an email to [email protected] in order for the Parties to attempt resolving such potential dispute without resorting to formal dispute resolution processes.
Subject always to Sections 5 and 7 of these Terms, any claim, suit, or dispute arising out of or in connection with these Terms shall be finally and exclusively settled by arbitration under BVI Arbitration Act, 2013. The arbitration shall be held on a confidential basis before a single arbitrator. The arbitration will be held in the British Virgin Islands, unless you and we both agree to hold it elsewhere.
The communications between you and Company use electronic means, either through the Website or electronic mail. For contractual purposes, you: (i) hereby consent to receive communications from Company in any electronic form; and (ii) hereby agree that all terms and conditions, agreements, notices, disclosures, and other communications that Company provides to you electronically satisfy any legal requirement that would also be satisfied if such communications were to be in a hardcopy writing.
These Terms and any dispute or claim arising out of or in connection with their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of the British Virgin Islands, without regard to principles of conflict of laws.
Bedrock may not be available or permitted by laws for use in some jurisdictions (including the Excluded Jurisdictions). Company and its Affiliates do not represent or warrant that Bedrock or any part thereof is available or permitted by laws for use in any particular jurisdiction.
These Terms constitute the entire agreement between you and Company regarding your access and/or use of Bedrock.
If any provision of these Terms is, for any reason, held to be invalid or unenforceable, the other provisions of these Terms will be unimpaired and the invalid or unenforceable provision will be deemed modified so that it is valid and enforceable to the maximum extent permitted by law.
Nothing contained in these Terms will be deemed to be construed by the Parties or any third party as creating a partnership, an agency relationship or joint venture between the Parties.
Save for the Indemnified Parties who shall have rights and benefits to the extent accorded thereto under these Terms, any person who is not a Party to these Terms shall have no right to enforce any provisions of this Terms.
These Terms, and your rights and obligations herein, may not be assigned, subcontracted, delegated, or otherwise transferred by you without Company's prior written consent. Company may freely assign these Terms.
Company reserves the right to change these Terms in its sole discretion from time to time. You will be given the opportunity to review and accept the updated Terms when you next access and/or use Bedrock.
A waiver by Company of any right or remedy under these Terms shall only be effective if it is in writing, executed by a duly authorised representative of Company and shall apply only to the circumstances for which it is given.