Last Updated: 08.11.2024

This Risk Disclosure Statement provides important information regarding the risks associated with the use of the Kaiko Oracle Service (the “Service”). By accessing or using the Service, you acknowledge that you have read, understood, and accepted the following risks and agree that you are solely responsible for any losses, damages, or liabilities arising from such risks. This disclosure is intended to help you make an informed decision about using the Service and does not constitute a comprehensive list of all possible risks.

1. Blockchain and Cryptocurrency Volatility Risks

The Service operates in connection with blockchain technology and cryptocurrency markets, which are known for high volatility. Cryptocurrency prices and market data are highly dynamic, with fluctuations that can occur rapidly. Data provided through the Service may reflect these market changes but may not guarantee accuracy or real-time responsiveness. You should be aware that reliance on such volatile data for financial or contractual decisions carries inherent risks.

2. Smart Contract and Technology Risks

The Service supports the integration of off-chain data into smart contracts and other decentralized applications. Smart contracts, while powerful, are subject to potential security vulnerabilities, bugs, or execution errors that may result in unintended outcomes or loss of funds. Kaiko does not control or audit smart contracts using its data, and you accept all risks associated with their use. Furthermore, blockchain networks may experience delays, downtimes, or disruptions, impacting the availability of data and functionality of the Service.

3. Third-Party Fee Risks

Certain features of the Service may require payment of transaction fees, commonly referred to as “gas fees,” which are necessary to facilitate actions on blockchain networks. These fees are not controlled by Kaiko and may vary widely depending on network demand. Users are solely responsible for any blockchain fees incurred during the use of the Service, and Kaiko does not provide any compensation or reimbursement for such fees.

4. Regulatory and Legal Risks

Cryptocurrency markets and blockchain technologies are subject to evolving regulations in various jurisdictions. Changes in regulatory environments, government policies, or legal interpretations may impact the legality, availability, or operation of the Service. You are responsible for understanding and complying with the laws and regulations applicable in your jurisdiction, and Kaiko shall not be liable for any consequences arising from changes in legal or regulatory environments.

5. Data Accuracy and Completeness Risks

The Service provides access to financial and cryptocurrency market data intended for informational and demonstration purposes. While Kaiko aims to ensure the accuracy and completeness of data, no guarantee is made regarding the reliability, precision, or timeliness of the information provided. Users are advised to verify data independently and should not rely solely on the Service for critical financial or operational decisions.

6. Service Modification and Termination Risks

Kaiko reserves the right to modify, suspend, or terminate the Service or any part thereof at any time without prior notice. Changes may include adjustments to available data, service functionalities, or fees. Such modifications may impact your access to or use of the Service and could potentially lead to interruptions or unavailability. Kaiko shall not be liable for any consequences arising from these changes.

7. Limitation of Liability

In connection with the use of the Service, Kaiko shall not be liable for any claims, damages, or losses incurred as a result of reliance on the Service or the risks described above. Users accept all responsibility for actions taken based on data or information obtained through the Service and are encouraged to exercise caution when making decisions involving cryptocurrency or blockchain technology.