Karma Bond is a decentralized peer-to-contract protocol for supplying and receiving IRC-based tokens. The protocol consists of free, publicly available, open-source software, including smart contracts that are deployed on the ICON blockchain.

Use of Karma Bond involves smart contract risks. Karma Bond smart contracts can have vulnerabilities that compromise participants' funds. It would not be possible to recover them.

While Karma Bond is designed to be resistant to attack, assets on the protocol may be subject to expropriation, theft, and/or fraud; hackers or other malicious groups or organizations may attempt to interfere with the protocol in various ways, including malware attacks, denial of service attacks, consensus-based attacks, spoofing, and other similar tactics which may result in the loss of your assets, or the loss of your ability to access or control your assets. In such an event, there may be no remedy, and holders of virtual assets are not guaranteed any remedy, refund, or compensation. In particular, note that any third party who gains access to your private login credentials may be able to transfer your assets.

Pages on the Karma Bond website may hyperlink to and integrate forums and services run by others. Karma Bond does not make any warranty about services run by others, or content they may provide. Use of services run by others may be governed by other terms between you and the entity running the other service.

The stated APR/Y (the ‘Rate’) is a forward-looking projection based on our good faith belief of how to reasonably project results over the relevant period, but such belief is subject to numerous assumptions, risks and uncertainties (including smart contract security risks and third-party actions) which could result in a materially different (lower or higher) token-denominated APR/Y. The Rate is not a promise, guarantee or undertaking on the part of any person or group of persons, but depends entirely on the results of operation of smart contracts and other autonomous systems (including third-party systems) and how third parties interact with those systems after the time of your deposit. Even if the Rate is achieved as projected, you may still suffer a financial loss in fiat-denominated terms if the fiat-denominated value of the relevant tokens (your deposit and any tokens allocated or distributed to you pursuant to the Rate) declines during the deposit period.

Before using the Karma Bond protocol, you should perform all necessary due diligence to make sure you understand how Karma Bond works and the risks associated with your use of the Karma Bond protocol. Karma Bond is accessible through a variety of web and mobile interfaces; your use of any such interfaces may subject you to costs imposed in connection therewith, and additional risks relating to the use thereof. Before accessing Karma Bond through a web or mobile interface, you should perform all necessary due diligence to ensure that you fully understand any costs, conditions, and risks associated with such interfaces.

BY ACCESSING KARMA BOND, YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE KARMA BOND PROTOCOL IS ENTIRELY AT YOUR OWN RISK. The Karma Bond protocol is available for use to the public on an “as-is” basis, and no representations or warranties of any kind are made with respect to the Karma Bond protocol, its operations and functionality, or its fitness for any specific purpose.

Although early contributors were involved in the development of the code for Karma Bond, the early contributors do not own, control, offer, or provide the Karma Bond protocol for use to the public. The Karma Bond protocol is managed and administered by holders of Karma’s KARMA governance token. No entity or individual, including, without limitation, the early contributors, their partners, and the respective founders, officers, employees, agents, or representatives, will be liable for any losses, claims or damages whatsoever associated with the Karma Bond protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value.

Karma Bond is not insured by the FDIC or any other agency. All risk of loss is borne by the user.