Legal disclaimer

Disclaimer

• Disclaimer: the Backed protocol does not provide any express or implied guarantee that depositors will be able to recover 100% of their deposited value. The pre-TGE vault is classified as equity, and as such, depositors assume all associated risks. We strongly encourage all potential depositors to conduct thorough due diligence (DYOR) prior to participation.

• Expectation: The pre-TGE vaults however will retain part of the hedger profits, more than offsetting any short-term losses in the low-risk, high-return environment we operate in. Nonetheless, it is critical to acknowledge that "Tail and Operational risks" cannot be completely eliminated.