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2253680 EIGEN.
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EIGEN TOKEN AIRDROP TERMS & CONDITIONS
AIRDROP TERMS AND CONDITIONS
EIGEN TOKEN AIRDROP
TERMS & CONDITIONS
> Last Revised on May 9, 2024
BY PARTICIPATING IN THE AIRDROP, INCLUDING BUT NOT LIMITED TO BY ENTERING A
WALLET (AS DEFINED BELOW) PURSUANT TO THE TERMS AND PROCESSES DESCRIBED HEREIN,
PARTICIPANT ACKNOWLEDGES THAT THEY HAVE READ, UNDERSTOOD, AND AGREED TO THESE
AIRDROP TERMS & CONDITIONS IN THEIR ENTIRETY. THE PARTICIPANT IS RESPONSIBLE FOR
MAKING ITS OWN DECISION IN RESPECT OF ITS PARTICIPATION IN THE AIRDROP AND ANY
RECEIPT OF TOKENS. ANY PARTICIPATION IN THE AIRDROP IS SOLELY AT THE
PARTICIPANT’S OWN RISK AND IT IS THE PARTICIPANT’S SOLE RESPONSIBILITY TO SEEK
APPROPRIATE PROFESSIONAL, LEGAL, TAX, AND OTHER ADVICE IN RESPECT OF THE AIRDROP
AND ANY RECEIPT OF THE TOKENS PRIOR TO PARTICIPATING IN THE AIRDROP AND PRIOR TO
RECEIVING ANY TOKENS.
BY PARTICIPATING IN THE AIRDROP, THE PARTICIPANT EXPRESSLY ACKNOWLEDGES AND
ASSUMES ALL RISKS RELATED THERETO, INCLUDING (WITHOUT LIMITATION) THE RISKS SET
OUT BELOW. IN NO EVENT SHALL THE ORGANIZATION OR ANY ORGANIZATION PERSON BE HELD
LIABLE IN CONNECTION WITH OR FOR ANY CLAIMS, LOSSES, DAMAGES, OR OTHER
LIABILITIES, WHETHER IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF OR IN
CONNECTION WITH THE AIRDROP OR THE RECEIPT OF ANY TOKENS.
THE ORGANIZATION DOES NOT TAKE ANY RESPONSIBILITY FOR THE PARTICIPATION BY ANY
PARTICIPANT IN THE AIRDROP. THE ORGANIZATION DOES NOT PROVIDE ANY RECOMMENDATION
OR ADVICE IN RESPECT OF THE AIRDROP OR THE TOKENS. EACH PARTICIPANT PARTICIPATES
IN THE AIRDROP AT ITS OWN RISK AND RECEIVES TOKENS AT ITS OWN RISK.
INTRODUCTION
Welcome to the Eigen airdrop!
These Token Airdrop Terms & Conditions (“Airdrop Terms”) govern the
participation in and receipt of tokens (“Eigens” or “Tokens”) through the
airdrop program (“Airdrop”) organized by EigenFoundation, a Cayman Islands
foundation company, and its subsidiaries, including Eigen Treasury Management
Limited (collectively, “Organization”, “we” or “us”). By participating in the
Airdrop, you (“Participant”) agree to be bound by these Airdrop Terms. These
Airdrop Terms are supplemental to, and incorporate by reference, our general
Terms of Service available at
https://docs.eigenfoundation.org/legal/terms-of-service (“General Terms”).
Defined terms used but not defined herein have the meaning set forth in the
General Terms. The Airdrop, and your participation in it, is a Service as
defined under the General Terms.
These Airdrop Terms govern your ability to use our Services in order to
participate in the Airdrop. Please read these Airdrop Terms carefully, as they
include important information about your legal rights. Please also read the
General Terms carefully. By participating in the Airdrop, you are agreeing to
these Airdrop Terms and the General Terms. If you do not understand or agree to
these Airdrop Terms and the General Terms, please do not participate in the
Airdrop.
SECTION 7 OF THE GENERAL TERMS CONTAINS AN ARBITRATION CLAUSE AND CLASS ACTION
WAIVER. PLEASE REVIEW SUCH CLAUSES CAREFULLY BECAUSE THEY AFFECT YOUR RIGHTS. BY
AGREEING TO THESE AIRDROP TERMS, YOU AGREE TO RESOLVE ALL DISPUTES RELATED TO
THE AIRDROP THROUGH BINDING INDIVIDUAL ARBITRATION AND TO WAIVE YOUR RIGHT TO
PARTICIPATE IN CLASS ACTIONS, CLASS ARBITRATIONS, OR REPRESENTATIVE ACTIONS, AS
SET FORTH IN THE GENERAL TERMS. YOU HAVE THE RIGHT TO OPT-OUT OF THE ARBITRATION
CLAUSE AND THE CLASS ACTION WAIVER AS EXPLAINED IN SECTION 7 OF THE GENERAL
TERMS.
1. You represent and warrant that all information provided during the Airdrop
process is true, accurate, and complete.
2. You agree and acknowledge that (a) solely you are responsible and liable
for all taxes due in connection with your participation in the Airdrop; and
(b) you should consult a tax advisor with respect to the tax treatment of
Airdrop Eigens in your jurisdiction.
3. You agree and acknowledge that you are responsible for complying with all
applicable laws of the jurisdiction in which you reside or in which you are
participating in the Airdrop and claiming Airdrop Eigens.
4. You agree that you are not (i) a Prohibited Person (as defined in the
General Terms); (ii) directly or indirectly acting on behalf of a
Prohibited Person; and (iii) located in or accessing the Services from a
Prohibited Jurisdiction (as defined below). You agree that you will not use
a virtual private network (“VPN”) or similar tool to circumvent any
geo-blocking and/or other restrictions that we have implemented in
connection with the Airdrop. Any such deliberate circumvention, or
attempted circumvention, of our controls may permanently disqualify you
from participation in the Airdrop, as determined in our discretion.
5. You agree and acknowledge that your participation in the Airdrop does not
violate any applicable laws, including without limitation applicable
economic and trade sanctions and export control laws and regulations, such
as those administered and enforced by the EU, OFSI, OFAC, the U.S.
Department of State, the U.S. Department of Commerce, the UN Security
Council, and other relevant authorities.
6. You agree and acknowledge that the Organization reserves the right to
require additional information from you and to enter, use, or share such
information into or with a Screening Service Provider (as defined below),
and its systems, tools, or functionalities, as the Organization deems
appropriate in its sole discretion, including to reduce the risks of money
laundering, terrorist financing, sanctions violations, or other potentially
illicit activity, or as otherwise necessary to address laws and regulations
that may be relevant to the Airdrop or the Tokens. You agree to provide
complete and accurate information in response to any such requests. You
agree and acknowledge that the Organization is not responsible and cannot
be held liable for any losses, expenses, or delays resulting from
inaccurate or incomplete information, and you agree to assume full
responsibility for any and all risks associated therewith.
7. You agree and acknowledge that your participation in the Airdrop and claim
of Airdrop Eigens does not require or involve any form of purchase,
payment, or tangible consideration from or to us, nor otherwise require or
involve any acceptance of value by us from you. You agree and acknowledge
that you (a) lawfully may receive Tokens for free via the Airdrop (other
than gas fees or applicable taxes, if any, that may be due to third
parties), (b) were not promised the Tokens or any tokens (whether via the
Airdrop or otherwise); and (c) took no action in anticipation of, or in
reliance on, receiving the Tokens or any tokens, the occurrence of an
Airdrop, or potential participation in any Airdrop.
8. Your eligibility to receive Airdrop tokens or participate in the Airdrop is
subject to our sole discretion. The Airdrop shall be conducted during a
specified period, as determined by the Organization in its sole discretion
and announced on its website, www.eigenfoundation.org (the “Airdrop
Period”). Participant must follow the instructions set forth in any Airdrop
announcement and/or such other instructions as may be provided by the
Organization from time to time to participate in the Airdrop. The number of
Tokens allocated to each Participant will be determined by the
Organization, in its sole discretion, and such allocation may vary among
Participants. Tokens may be made available for claims after an initial
period in which Participants can check eligibility for, but not claim,
Airdrop Eigens.
9. You agree and acknowledge that you are not entitled to receive any Airdrop
Eigens and/or to participate in the Airdrop based on any documentation,
commentary, calculators, metrics, and/or points systems published or
otherwise made known by third parties monitoring activities on the
EigenLayer Protocol (or any of its smart contracts) or providing
third-party applications or services relating thereto (“Third-Party
Publications and Services”). You have no claim to Eigens based on such
Third-Party Publications and Services. The Organization does not review,
control, monitor, or confirm the accuracy of information that may be
provided through Third-Party Publications or Services. You agree and
acknowledge that you have not engaged, and will not engage, in any
activities designed to obtain Airdrop Eigens, including on the basis of, or
in reliance on, Third-Party Publications and Services.
10. You agree that you are the legal owner of the Airdrop Address (as defined
below) that you use to access or participate in the Airdrop and the
Services and will not sell, assign, or transfer control of such address or
the Tokens to third parties to circumvent any Eigen lock-up period or to
knowingly redistribute Tokens to a person, IP Address (as defined below),
or Airdrop Address (as defined below) that would violate these Airdrop
Terms if claimed directly by such person, IP Address, or Airdrop Address.
11. To participate in the Airdrop, you will need to enter an eligible Airdrop
Address (as defined below) and/or connect a compatible third-party digital
wallet (either, a “Wallet”). Failure to provide and connect an eligible
Wallet may result in the forfeiture of Tokens. There may be technical
limitations, delays, and/or transaction fees due or payable to third
parties, such as gas fees on Ethereum transactions, to receive and/or claim
Tokens through your Wallet.
12. By using a Wallet, you agree that you are using the Wallet in accordance
with any terms and conditions of an applicable third-party provider of such
Wallet. Wallets are not maintained or supported by, or associated or
affiliated with, the Organization. When you interact with the Airdrop or
other Services, as between the Organization and you, you retain control
over your digital assets at all times. We do not control digital assets,
including the Eigens, in your Wallet, and we accept no responsibility or
liability to you in connection with your use of a Wallet. We make no
representations or warranties regarding how the Airdrop or other Services
will operate with, or be compatible with, any specific Wallet. The private
keys necessary to access and/or transfer the digital assets held in a
Wallet are not known or held by the Organization. Any third party that may
gain access to Participant’s login credential, private key, or third-party
cloud or storage mechanism for such information may be able to
misappropriate Eigens and/or other digital assets held by Participant. The
Organization has no ability to help you access or recover your private key
and/or seed phrase for your Wallet. As between you and the Organization,
solely you are responsible for maintaining the confidentiality of your
private key, and solely you are responsible for any transaction signed with
your private key. The Organization is not responsible for any loss
associated with the Participant’s private key, digital wallet, vault, or
other storage mechanism.
13. You agree and acknowledge that if you are unable to claim the Airdrop due
to technical bugs, smart contract issues, gas fees, wallet
incompatibilities, loss of access to a wallet or the key thereto, or for
any other reason, you will have no recourse or claim against the
Organization or any Organization Person. In any such cases, neither the
Organization nor any Organization Person will bear any liability.
14. You agree and acknowledge that claiming the Airdrop may require interaction
with, reliance on, or an integration with third-party products or services
(e.g., a wallet or a network or blockchain) that we do not control. In the
event that you are unable to access such products, services, or
integrations, or if they fail for any reason, and you are unable to
participate in the Airdrop or claim Airdrop Eigens as a result, you will
have no recourse or claim against us or any Organization Person; and
neither we nor any Organization Person bear(s) any responsibility or
liability to you.
15. You agree and acknowledge that your participation in the Airdrop is at your
own risk. You agree and acknowledge that you have carefully reviewed, read,
and understood the Risk Factors below.
16. Without limiting any terms in the General Terms, including but not limited
to Section 6.4 therein, you agree that you shall defend, indemnify, and
hold the Organization Persons harmless from and against any and all claims,
actions, proceedings, investigations, demands, suits, costs, damages,
losses, liabilities and expenses (including attorneys’ fees and costs, and
fines or penalties imposed by any regulatory authority) incurred by the
Organization Persons arising out of or in connection with: (a) your use of,
or conduct in connection with, the Airdrop; (b) your breach or our
enforcement of these Airdrop Terms, or (c) your violation of any applicable
law, regulation, or rights of any third party. If you are obligated to
indemnify any Organization Person hereunder, then you agree that the
Organization (or, at its discretion, the applicable Organization Persons)
will have the right, in its sole discretion, to control any action or
proceeding and to determine whether the Organization wishes to settle, and
if so, on what terms, and you agree to fully cooperate with the
Organization in the defense or settlement of such claim. Your obligations
under this indemnification provision will continue even after these Airdrop
Terms have expired or been terminated.
ELIGIBILITY
1. The Organization, in its sole discretion, shall determine the eligibility
criteria for participation in the Airdrop, including the amount of Eigens to
be distributed to eligible Participants that satisfy certain criteria.
Different eligible Participants may receive different amounts of Eigens in
any particular Airdrop, depending on the criteria set forth by the
Organization for such Airdrop. The Organization shall have no obligation to
notify actual or potential Airdrop participants of the eligibility criteria
for any Airdrop prior to, during, or after the claims are opened for such
Airdrop.
2. The Organization reserves the sole and absolute right to disqualify any
Participant or potential Participant it deems ineligible for an Airdrop (be
it under these Airdrop Terms or by having determined that Participant
engaged in any conduct that the Organization considers harmful, unlawful,
inappropriate, or unacceptable). Such disqualification may be appropriate if
the Organization determines, in its sole discretion, for example, that
Participant may have used multiple addresses to obscure its identity or
location or to attempt to game, cheat, or hack the Airdrop, Tokens, or the
EigenLayer protocol.
3. Participant has full legal capacity and authority to bind and agree to the
Airdrop Terms. Participant is at least 18 years of age or is of legal age to
form a binding contract under applicable laws. If Participant is acting as
an employee or agent of a legal entity, and enters into the Airdrop Terms on
behalf of the entity, Participant represents and warrants that Participant
has all necessary rights and authorizations to do so.
4. The Organization has implemented a risk-based program applicable to the
Airdrop and any related participation or claims through its website,
www.eigenfoundation.org, and any subdomains (“Eigen Claims”). This program
screens Eigen Claims using data and tools provided by an independent
blockchain analytics provider (“Screening Service Provider”), applying
screening criteria that may extend beyond the requirements of applicable
law. Eigen Claims also are subject to geo-location and proxy detection
controls to prevent access to our website by users that may be Prohibited
Persons or located in a Prohibited Jurisdiction (as defined below). The
Organization reserves the right to take such additional steps as it deems
necessary or appropriate, in its sole discretion, to verify the identity and
eligibility of any person.
The Organization may deny, in its sole discretion, any person, internet-protocol
address (“IP Address”), and/or Ethereum or similar digital-asset,
smart-contract, or protocol address (“Airdrop Address”) access to the Eigen
Claims website (or otherwise exclude such person, IP Address, or Airdrop Address
from Eigen Claims) based on data from the Organization’s Screening Service
Provider when such data indicates such person, IP Address, or Airdrop Address
may present heightened risks based on the Organization’s risk assessment
framework (“Risk Assessment Framework”).
By using the Services and participating in any Airdrop:
a. You agree and acknowledge that your Airdrop Address will be screened and
excluded from Eigen Claims, at our sole discretion, if we detect threshold
transactions between your Airdrop Address and another Ethereum or similar
digital-asset, smart-contract, or protocol address associated with certain
risk-exposure categories established by our Screening Service Provider.
b. You agree and acknowledge that your IP Address will be screened and excluded
from Eigen Claims if our geo-location controls detect that you may be located in
a (a) Sanctioned Jurisdiction; (b) jurisdiction subject to heightened sanctions
risks identified or enforced by certain countries, governments, or international
authorities; or (c) jurisdiction otherwise considered high risk with respect to
the Airdrop or otherwise (collectively, “Prohibited Jurisdictions”). You agree
and understand that the Prohibited Jurisdictions are subject to change at our
sole discretion without notice.
c. To avoid circumvention of our geo-location controls, the Organization has
implemented proxy and VPN detection and blocking controls, which are designed to
prevent Eigen Claims by any person detected to be using VPN and similar proxy
technologies.
USER INTERFACE DISCLAIMER
Use of the website for Eigen Claims and participation in the Airdrop is at the
risk of the user. The Services are provided on an “as is'” and “as available”
basis. The Organization expressly disclaims all warranties of any kind, whether
express, implied, or statutory, including the implied warranties of
merchantability, fitness for a particular purpose, title, and non-infringement.
The Organization makes no warranty that the Airdrop or the Services will meet
your requirements or be uninterrupted, timely, secure, or error-free. The
Organization makes no warranty that the results that may be obtained from access
to or the use of Services will be accurate or reliable or that the quality of
any products, services, applications, information, or other material purchased
or obtained by you through the Services will meet your expectations.
By accessing and using the Airdrop or the Services, you represent and warrant
that you (a) understand the risks inherently associated with using cryptographic
and blockchain-based systems and (b) have a working knowledge of the usage,
storage, and intricacies of digital assets, such as those, like Eigens,
following an Ethereum token standard (ERC-20). You further represent that you
understand that markets for digital assets are highly volatile due to various
factors, including adoption, speculation, technology, security, and regulation.
You acknowledge and accept that the cost and speed of transacting with
cryptographic and blockchain-based systems, such as Ethereum, are variable and
may increase or decrease dramatically at any time. You acknowledge and accept
the risk that your digital assets may have no value or lose some or all of their
value during the Airdrop Period, any Eigen lock-up period, or after. You
understand that anyone can create a token, including fake versions of existing
tokens and tokens that falsely claim to represent certain projects, entities, or
people, and you acknowledge and accept the risk that you or others may
mistakenly seek to claim or trade those or other tokens. You acknowledge that
the Organization is not responsible for any of these variables or risks and
cannot be held liable for any resulting losses that you experience, including
losses while accessing or using the Airdrop or the Services. Accordingly, you
understand and agree to assume full responsibility for all of the risks of
accessing and using the Airdrop and the Services.
You expressly understand and agree that the Organization will not be liable for
any indirect, incidental, special, consequential, exemplary damages, or damages
for loss of profits, including damages for loss of goodwill, use, or data or
other intangible losses (even if the Organization has been advised of the
possibility of such damages), whether based on contract, tort, negligence,
strict liability, or otherwise, resulting from: (a) the use or the inability to
use the Airdrop or the Services; (b) the cost of procurement of substitute goods
and services resulting from any goods, data, information, or services purchased
or obtained or messages received or transactions entered into through or from
the Airdrop or the Services; (c) unauthorised access to or alteration of your
transmissions or data; (d) statements or conduct of any third party on the
Services; (e) interruption or cessation of function related to our interface or
website; (f) bugs, viruses, trojan horses, or the like that may be transmitted
to or through the interface or website; (g) errors or omissions in, or loss or
damage incurred as a result of the use of, any content made available through
the interface or website; or (h) any other matter relating to the Airdrop or the
Services.
NO PROFESSIONAL ADVICE AND NO FIDUCIARY DUTIES
All information provided on the website or through the Airdrop or the Services,
or otherwise provided by the Organization, is for informational purposes only
and is not and should not be construed as professional advice. You should not
take, or refrain from taking, any action based on any information contained on
the website or obtained through the Airdrop or the Services. Before you make any
financial, legal, tax, or other decisions with respect to the Airdrop or the
Services, you should seek independent, professional advice from an individual
who is licensed and qualified in the area for which such advice would be
appropriate.
These Airdrop Terms are not intended to, and do not, create or impose any
fiduciary duties on us. To the fullest extent permitted by law, you acknowledge
and agree that we owe no fiduciary duties or liabilities to you or any other
party, and that to the extent any such duties or liabilities may exist at law or
in equity, those duties and liabilities are hereby irrevocably disclaimed,
waived, and eliminated. You further agree that the only duties and obligations
that we owe you are those set out expressly in these Airdrop Terms.
LIMITATION OF LIABILITY AND INDEMNIFICATION
You have reviewed with your professional legal and other advisors and agree with
the Disclaimers, Limitations of Liability, and Indemnification provisions in the
General Terms.
ENTIRE AGREEMENT
These Airdrop Terms and the General Terms contain the entire agreement between
you and the Organization regarding the Airdrop and supersede all prior and
contemporaneous understandings between the parties regarding the Airdrop. We may
modify these Airdrop Terms from time to time in which case we will update the
“Last Revised” date at the top of these Airdrop Terms. The updated Airdrop Terms
will be effective as of the time of posting, or such later date as may be
specified in the updated Airdrop Terms. Your continued access or participation
in the Airdrop after the modifications have become effective will be deemed your
acceptance of the modified Airdrop Terms.
SEVERABILITY
If any term, clause, or provision of these Airdrop Terms is held to be illegal,
invalid, void, or unenforceable (in whole or in part), then such term, clause,
or provision shall be severable from the Airdrop Terms without affecting the
validity or enforceability of any remaining part of that term, clause, or
provision, or any other term, clause, or provision in the Airdrop Terms, which
will otherwise remain in full force and effect. Any invalid or unenforceable
provisions will be interpreted to affect the intent of the original provisions.
If such construction is not possible, the invalid or unenforceable provision
will be severed from the Airdrop Terms, but the rest of the Airdrop Terms will
remain in full force and effect.
RISK FACTORS
Claiming, using, transacting in, holding, and/or purchasing or selling the Eigen
token involves a high degree of risk, including unforeseen risks that may not be
included below. You should consult with your legal, tax, and financial advisors
and carefully consider the risks and uncertainties described below, together
with all of the other information in these Airdrop Terms, before deciding
whether to claim, use, transact in, hold, purchase, or sell the token. If any of
the following risks were to occur, the Token or Protocol could be materially and
adversely affected.
References in these risk factors to (i) the “Protocol” refers to the collection
of smart contracts known as the EigenLayer Protocol, (ii) the “Token” or “Eigen”
refers to the Eigen token used on the EigenLayer Protocol and (iii)
“Application” refers to any ‘front-end’ or web interface that the Organization
may host, including www.eigenfoundation.org and any subdomain.
Risks Relating to the Protocol
(a) Risks Relating to the Launch of the Protocol. The Eigen is designed to be
used on the EigenLayer Protocol. There can be no assurance that Eigens or the
Protocol will function as intended or as described on any website or in other
communications or will be maintained and further developed according to current
plans. There can be no assurance that you will be able to utilize Eigens or the
Protocol in any particular way.
(b) Risks Relating to Smart Contracts and Programs. The Protocol is generally
comprised of a number of smart contracts. Smart contracts and programs are
computer codes that can be created and run by the users of the network on which
such smart contract or program is based. A smart contract or program can take
information as an input, process that information through the pre-determined
rules and conditions defined in the computer code, and execute certain actions,
such as Eigen transactions, pursuant to such programming. The use of smart
contracts and programs creates substantial risk exposures. Smart contracts are
self-executing once deployed, generally without reliance on a central party, and
use experimental cryptography. Smart-contract risks include the following, which
may affect adoption, continued use, or functioning of the Protocol and thereby
your ability to use Eigens:
1. Flawed or Imprecise Code: Smart contract code may be imprecise or flawed. In
such cases, smart contracts on EigenLayer could have specifications or
conditions that are implemented or executed in ways that are not expected.
You may be at risk of losing all or a substantial portion of your staked
digital assets through an adverse event relating to such code. Smart
contracts could contain vulnerabilities or bugs that could be exploited,
potentially resulting in a complete or substantial loss of your staked
digital assets. Malicious actors could exploit such vulnerabilities or bugs
to cause the execution of erroneous or unexpected slashing conditions or
theft of your staked digital assets.
2. Lack of Remediation: If imprecise or flawed code is discovered in a deployed
smart contract, it may not be susceptible to identification ex ante and
remediation may be difficult or ineffective. In some cases, the only
practical remediation may include deploying a new smart contract or
incorporating updating mechanisms that may be disruptive, risky, complex,
costly, time consuming, and/or unable to reverse adverse scenarios,
including complete or substantial loss of your staked digital assets.
3. Flaws in Programming Languages: The use of programming languages in smart
contracts poses risks, including vulnerabilities arising from language
complexity, potential bugs and flaws in language designs or compilers,
limitations in functionality or performance impacting implementation, and a
lack of maturity and sustained support for certain languages impacting the
reliability and security of the developed contracts. Even widely used
programming languages, like Solidity, may have compiler bugs or other flaws
that, if discovered and exploited, may result in substantial or total losses
of your staked digital assets.
4. Irrevocable Token Transactions: The use of a distributed ledger and
blockchain technology, like Ethereum, creates a public record of Token
balances that is exceedingly difficult to change once it reflects a
particular state. This means that if a Token transaction were executed in
error or as a result of fraud or theft, such a transaction would not be
practically reversible. Consequently, the Organization will be unable to
replace missing or misappropriated Eigens or seek or provide reimbursement
for any such erroneous transfer, fraud, or theft. The inability to reverse
transactions or seek other forms of redress for such action, error, fraud,
or theft could result in the permanent loss of some or all of your Tokens.
This lack of redress could cause reputational harm to, and diminish
participation on, the Protocol and/or adversely affect the financial
viability or performance of the Organization.
5. Lack of Control over Protocol and Upgrades: EigenLayer is envisioned to be
an open-source project with Protocol governance collectively controlled by a
community of users (“Protocol Users,”). However, the Organization has
control of certain multi-signature wallets relating to the Protocol at this
time, and its control of those wallets can enable certain upgrades and
transactions. Under current plans, and over time, the Organization will not
have control over these wallets and the Protocol, and it will not be able to
control the actions of Protocol Users. This means that although the
Organization has engaged in substantial research and development with
respect to the Protocol and its governance and security features, any future
changes to the Protocol may need to be voluntarily adopted by Protocol
Users, including, as applicable, Protocol Users participating in governance
as token-holders and/or as signatories for multi-signature wallets operated
by the community.
Because the Organization will lack control over community governance and the
Protocol, under current plans, and over time, the Organization will not be able
to prevent Protocol Users or others from mismanaging code, ensure that there is
an adequate or timely response to emergencies or other identified risks, or
adopt necessary code or governance changes. Protocol Users or others may make
decisions or take actions (or fail to make decisions or take actions) in ways
that adversely affect you, Protocol Users, and/or the Protocol. In addition, the
Protocol may not run or function as intended, when deployed to mainnet or after
upgrades or changes, and in such cases, you and the Organization may have
limited recourse. Any of these could result in substantial or total losses of
your staked digital assets and/or uses of Eigens.
Furthermore, various technology solutions are and will be incorporated into the
Protocol. Some or all of these technology solutions are relatively new and/or
untested. There is significant risk to building and implementing new
technologies that may have never been used or that are being used in different
ways. There is no guarantee that such technologies will operate as intended or
as described in any marketing or other materials distributed by the Organization
or others or will continue to function according to current plans.
(c) Risks Associated with Slashing: EigenLayer will enable stakers to opt-in and
validate for actively validated services (“AVSs”). These stakers will have their
withdrawal credentials pointed to a set of smart contracts, which subject their
digital assets, such as Ether, to slashing conditions negotiated with AVSs.
There is no guarantee that you or other Protocol Users will view slashing rules
or conditions as precise, objective, fair, or fairly applied. There is no
guarantee that any governance to mediate slashing events will be fair or
impartial, or exist. The application of certain slashing rules and conditions
may be challenging and/or ambiguous and lead to disagreements among stakers,
other Protocol Users, and AVSs. You or other Protocol Users could have digital
assets erroneously slashed, causing substantial or total losses of your staked
digital assets. Your staked digital assets could be opportunistically threatened
by an AVS or an operator providing validation services at your direction. Your
digital assets, including Eigens, may be partially or completely slashed despite
your best efforts to validate transactions and respond to conditions as
expected.
Slashing, slashing attacks, and/or any perceptions of unfair slashing could
result in Protocol Users determining not to stake their digital assets on
EigenLayer. A sudden change in the size and constituency of the pool of digital
assets supporting validation of AVSs could disrupt AVSs or EigenLayer or result
in disruptive changes in the prices of validation services. Any of these
possibilities could diminish the use and viability of the Protocol. Any of these
also could adversely impact you and adversely affect adoption of EigenLayer and
ultimately, your ability to use Eigens.
(d) The Volatility and Instability of Staked Digital Assets. At this stage, the
EigenLayer Protocol supports only a small number of digital assets, like Ether
(“ETH”) and certain liquid staking tokens (“LSTs”) representing staked ETH. The
Organization is not involved in the issuance of ETH or any LST and does not vet,
approve, or recommend particular LSTs or tokens for use on EigenLayer. When you
choose to stake ETH on Ethereum or deposit ETH or other digital assets with
LSTs, you accept certain slashing and other risks that are completely exogenous
to the Protocol and beyond the Organization’s control.
Protocol Users may seek to support new types of digital assets on the Protocol.
These may include new types of LSTs not presently supported by the Protocol. It
is also possible that validated services on EigenLayer could be supported by any
digital asset acceptable to AVSs. These assets may have widely varying
characteristics and quality and these could change and deteriorate over time.
Any exogenous factor that reduces the value, useability, or liquidity of a
staked digital asset could affect the overall number and value of digital assets
supporting AVSs, triggering potential expansions and contractions of digital
assets available to support validation services. The Organization will not be
able to control these possibilities or events, and these events may be difficult
to predict and mitigate. Any of these could adversely affect economic
considerations for providing validation services, adoption of EigenLayer, and/or
ultimately, your ability to use Eigens.
(e) Insufficient Interest in the Protocol and Token. The Protocol relies on
active engagement by users to function. The Organization makes no assurance that
the Protocol will generate enough interest and user engagement to be viable or
continue to be viable. It is not possible at this time to evaluate whether
sufficient users will participate in the Protocol and whether those users will
sustainably and sufficiently engage with and use the Protocol for the Protocol
to function as intended. Protocol Users could mismanage, misuse, or
misappropriate aspects of the Protocol or Eigens in a manner that is detrimental
to you, the Protocol, and the broader community of users. This may be adverse to
your ability to use Eigens.
(f) Risks of Adverse Contagion from Ethereum Events. The Protocol is comprised
of a set of smart contracts deployed on Ethereum, and the Protocol has been
designed in the spirit of remaining closely aligned with the Ethereum
community’s mission and roadmap. This presents the following risks, among
others:
1. Discovery of EVM Flaws. An Ethereum Virtual Machine (“EVM”) bug discovered
and exploited by malicious actors could present risks to the integrity and
security of the Protocol because its smart contracts are deployed on
Ethereum. EVM compromises could impair expected execution of the Protocol,
resulting in security vulnerabilities, data corruption that changes or
obscures true data states, disruptions to operations such as withdrawals,
and ultimately, substantial or total losses of digital assets, fees, or
support or adoption of Ethereum-based projects, including AVSs relying on
EigenLayer validation services. This could diminish the use of Eigens and
result in substantial or total losses of digital assets and confidence
across the crypto markets more generally.
2. Ethereum Hard Fork. In the event of a hard fork on Ethereum, changes could
be made to the Ethereum protocol that could make the Protocol’s smart
contracts incompatible, dysfunctional, uneconomic, or more costly, which
could impair the execution and interaction of smart contracts essential to
the operation of EigenLayer. Such changes also could adversely affect the
ability or incentives of Ethereum stakers or AVSs to use the Protocol. A
hard fork on Ethereum could necessitate significant changes to the Protocol
that, in turn, change the economics or technical processes involved in
validating AVSs and maintaining staker and developer interest. Certain types
of changes in consensus rules or technical implementations could present
significant or even existential risks to the Protocol, such as those that
could make it difficult, costly, or slashable to support a shared security
model under the Protocol. Significant resources and time could be required
for the Protocol to remain compatible with one or more forks of Ethereum or
consensus rule changes. Such resources or time may be unavailable or
uneconomic to provide and cannot be guaranteed to ensure continued operation
of the Protocol.
3. Insufficient Quantum Resistance. Quantum computers, if sufficiently powerful
and available for use, potentially could be used to break the cryptographic
algorithms used by Ethereum, the Protocol, and other platforms. This could
make it possible to derive private keys from public keys, opening the door
to a variety of storage and other attacks that could harm Ethereum itself,
holders of ETH, and Protocol Users building or transacting on the Protocol.
This, in turn, could adversely affect adoption of EigenLayer and ultimately,
your ability to use Eigens.
4. Slashing Events on Ethereum. If a Protocol User is slashed on an initially
staked ETH position on Ethereum, communication latencies and expected
Protocol limitations may prevent immediate adjustment of the economic
incentives associated with slashing on the Protocol. This, in turn, could
potentially incentivize negligent, harmful, or malicious validation
activities and failures. Loss events or disruptions to AVSs arising from
changes in such incentives could adversely affect adoption of EigenLayer and
ultimately, your ability to use Eigens.
(g) Risks Associated with the Concentration of Staked Digital Assets. If staked
digital assets on EigenLayer become too concentrated, there could be significant
governance and economic risks to the Protocol. Significant concentration may
result in certain stakers having significant governance powers and enable such
stakers to exert influence or control over economic and technical interactions
between stakers, AVSs, and operators. This concentration could arise from
unaffiliated parties developing their own LSTs or liquid restaking tokens
(“LRTs”) designed to facilitate indirect access to AVSs and provide a more
liquid alternative to staking directly via the Protocol. Such concentrated
governance power could be exercised to benefit LST or LRT organizers to the
detriment of the broader EigenLayer community. Under current plans, the
Organization will have no way to prevent concentration of staked assets or
implementation of initiatives within the Protocol’s governance that may result
in increased concentration of staked digital assets. The withdrawal of a
dominant issuer of an LST or LRT, including due to poor risk management, a
de-pegging event, or fraud at the LRT, could destabilize the Protocol and result
in substantial or total losses of the use of Eigens.
(h) Multiple Other Significant Risks. It is possible that, due to any number of
reasons, including but not limited to, lack of interest from users or partners,
inability to attract sustained third-party or community contributors to the
Protocol, an unfavorable fluctuation in the value of digital and fiat assets and
currencies, decrease in the utility of Eigens, failure to generate commercial
relationships, intellectual property ownership and other challenges, and
macroeconomic and crypto-market-specific factors, the Protocol may no longer be
viable to operate and it may be deprecated or cease to have any functionality,
users, or viability.
Risks Relating to the Eigen Token
(a) Risks Relating to the Eigen in Particular. Significant market and economic
factors may adversely affect your ability to use Eigens:
1. No Market for the Token. There is no public market for the Eigen, and the
Organization does not control the development of such a market. A public
market may not develop or be sustainable, and you may not be able to sell
your Eigens. Furthermore, the Organization cannot control how Eigen holders
or third-party exchanges or platforms may support the Eigen, if at all. Even
if a public market for the Eigen develops, such a market may be relatively
new and subject to little or no regulatory oversight, making it more
susceptible to fraud or manipulation.
2. Extreme Illiquidity. There will be significant restrictions on the
transferability of your Eigens. The transfer restrictions on your Eigens
will remain in place for a significant period of time. Even if a public
market does eventually exist, you may not be able to freely sell or transfer
your Eigens. If you can freely sell your tokens in a public market after
some period of time, the depth and volume in that market may be insufficient
for you to sell without substantial price concessions.
3. Inflation. Due to the nature and operation of blockchain protocols, the
total amount of circulating Eigens could increase through the adoption of a
new patch or upgrade of the source code. An increase in the quantity of
Eigens, or inflation, could adversely impact you as a holder of Eigens.
4. Adverse Activities in Secondary Markets. Secondary market activities that
are beyond the control of the Organization could develop that are adverse to
your ability to use Eigens. Even with significant transfer restrictions
intended to support long-term alignment with the EigenLayer community,
significant concentrations in Eigen positions are present and may continue
to be present among a relatively small group of Eigen holders, or worsen,
exposing you to significant risks of volatility, herd trading, “dumping,” or
other correlated secondary market activities. These risks will be
considerable following expiration of the one-year lock-up period applicable
to certain Eigen holders, including Organization service providers and
recipients of Eigen allocations from Eigen Labs, Inc., a core contributor to
the Protocol. In addition, Protocol Users may determine to approve grants,
allocations, and/or inflationary mints of Eigens, all of which may be fully
or partially outside of the Organization’s control and could incentivize
harmful short-term trading activities or otherwise adversely affect you.
5. Experimental Features and Uses. Eigens may be upgradeable to have
experimental features and uses. Future features and uses may prove not to be
valuable, usable, or viable, and contributors may fail to adequately
research and develop any such upgrades. Under current plans, and over time,
the Organization may not have the ability to effectuate upgrades to
implement new features and use cases. Such upgrades may not be approved in
Protocol governance or may be adopted with security flaws or with unexpected
or harmful changes that are adverse to your ability to use your Eigens.
(b) Risks Relating to Governance. Eigens were minted using an upgradeable smart
contract. The Organization has control of certain multi-signature wallets that
can enable certain upgrades and transactions. However, any upgrades in the
future may involve code changes that, under current plans, and over time, will
be controlled by Protocol Users. Thus, the Organization may not have control
over smart-contract upgrades or administrative actions necessary to execute
those upgrades, under current plans, and over time, nor will it be able to
control the decisions and actions of Protocol Users. This means that any future
upgrades to the Eigen smart contract will need to be voluntarily adopted by
Protocol Users, including, as applicable, Protocol Users participating in
governance as token-holders and/or as signatories for multi-signature wallets
operated by the community.
Because the Organization will lack control over community governance, under
current plans, and over time, it will have limited means to prevent Protocol
Users from mismanaging smart-contract code, ensure that there is an adequate or
timely response to emergencies or other identified risks, or adopt necessary
code or governance changes. Protocol Users may make decisions or take actions
(or fail to make decisions or take actions) in ways that adversely affect you,
others, and/or the smart contract, including by limiting transfers of Eigens or
removing transfer restrictions, authorizing inflationary minting of Eigens, or
misappropriating a portion of the Eigen supply.
Furthermore, Eigens may be staked to support certain AVSs that are not owned or
controlled by the Organization. In these cases, Eigens may interact with
compatible ERC-20 contracts that enable Eigen holders to initiate certain
slashing events intended to deter and punish malicious actions. In connection
with any such slashing event, Eigen holders may take actions that adversely
affect Eigens or your ability to use Eigens.
Risks Related to Legal and Regulatory
(a) Risks of New & Evolving Laws and Regulations: There is significant risk
surrounding the ongoing development of regulatory frameworks governing
blockchain technology all over the world, including in the United States, and as
the blockchain, crypto, and web3 industry continues to grow, the Organization
expects regulatory scrutiny to increase across jurisdictions. The Organization
or the Protocol or Eigens may be found to be subject to certain laws or
regulatory regimes that could adversely impact you, the Protocol, or Eigens.
Additionally, laws or interpretations may change and the Organization or the
Protocol or Eigens may be subject to new or changed laws or regulations in the
future. Any restrictive or prohibitive legislation or regulation on blockchains
or digital assets could impair the adoption of the Protocol and/or the use of
Eigens and adversely affect market sentiment surrounding the Protocol and/or
Eigens.
To the extent licenses, permits, or other authorizations are required in one or
more jurisdictions in which the Protocol or any Application is deemed to
operate, there is no guarantee that the Organization or another party will be
able to secure such licenses, permits, or authorizations in order for the
Protocol or any Application to continue to operate. Significant changes may need
to be made to the Protocol to comply with any licensing and/or registration
requirements (or any other legal or regulatory requirements) in order to avoid
violating applicable laws or regulations or because of the cost of such
compliance. Uncertainty in how the legal and regulatory environment will develop
could negatively impact the development, growth, and utilization of the Protocol
and therefore the uses of Eigens.
(b) Risks of Eigens or Eigen Transactions Being Deemed Securities. The U.S.
Securities and Exchange Commission (“SEC”) and its staff have taken the position
that certain tokens and/or certain transactions involving tokens fall within the
definition of a “security” under the U.S. federal securities laws. In addition,
in recent months, the SEC has brought enforcement actions against centralized
crypto exchanges offering staking arrangements, often called
staking-as-a-service, that it contends constitute securities. The legal test for
determining whether any given token or transaction is a security is a highly
complex, fact-driven analysis that evolves with U.S. case law and developments
over time, and the outcome(s) or conclusion(s) of any such legal analysis may be
uncertain or evolve in ways that are difficult to predict. The SEC generally
does not provide advance guidance on or confirmation of whether any particular
token or transaction is or may be a security. Furthermore, the SEC’s views in
this area have evolved over time and it is difficult to predict the direction or
timing of any continuing evolution. It is also possible that legislative or
judicial developments or a change in the governing administration or the
appointment of new SEC commissioners could substantially impact the views of the
SEC and its staff. Further, certain tokens or transactions may be deemed to be
other types of regulated financial instruments or transactions in the U.S.; or
securities or other regulated financial instruments or transactions in other
jurisdictions. As a result, certain tokens or transactions may be deemed to be
“securities” or other regulated financial instruments or transactions under the
laws of some jurisdictions but not others. Various foreign jurisdictions may, in
the future, adopt additional laws, regulations, or directives that affect the
characterization of certain tokens or transactions as “securities” or other
regulated financial instruments. The classification of a token or transaction as
a security or regulated financial instrument under applicable law has
wide-ranging implications for the regulatory obligations that could be imparted
on the Organization, Protocol, Protocol Users, or holders of Eigens, including
obligations that could make the Protocol not viable to continue to operate or
negatively impact the development, growth, and utilization of the Protocol and
liquidity and market sentiment around Eigens.
(c) Risk of Third-Party Illegal Activity. The Protocol and Token may be
exploited to facilitate illegal activity including fraud, money laundering,
gambling, tax evasion, sanctions evasion, and scams. If any third party uses the
Protocol or Eigens to further such illegal activities, that and the legal and
regulatory consequences of those activities could negatively impact the
development, growth, and utilization of the Protocol. While we do not control
the activities of the Protocol’s users, the use of the Protocol for illegal or
improper purposes could subject us, the Protocol, or Eigen holders to claims,
individual and class action lawsuits, and government and regulatory
investigations, prosecutions, enforcement actions, inquiries, or requests that
could result in liability and reputational harm for us, the Protocol, and/or the
Token holders.
Certain activities that may be legal in one jurisdiction may be illegal in
another jurisdiction, and certain activities that are at one time legal may in
the future be deemed illegal in the same jurisdiction. In the event that a
Protocol User is found responsible for intentionally or inadvertently violating
the laws in any jurisdiction, the Organization, Protocol and/or you and other
Token holders may be subject to governmental inquiries, enforcement actions,
prosecution, or held secondarily liable for aiding or facilitating such
activities in researching and developing, or deploying, software that enabled
such activities, being a platform on which such activities occurred,
contributing to governance that authorized such activities, or being a member of
a decentralized autonomous organization or other group that otherwise has
liability with respect to such activities.
(d) Risk of Sanctions Violations. The Organization, the Protocol, or Eigen
holders could be deemed to be violating or facilitating the violation of
applicable economic and trade sanctions and export control laws and regulations,
such as those administered and enforced by the U.S. Department of the Treasury’s
OFAC, the U.S. Department of State, the U.S. Department of Commerce, the UN
Security Council, and other relevant authorities. Such laws and regulations
prohibit or restrict certain operations, investments, services, and sales
activities, including dealings with certain countries or territories (e.g.,
sanctioned countries), and governments, and persons (including sanctioned
entities). Although the Organization does not enter into contracts or agreements
with sanctioned entities or persons located in sanctioned countries, it may not
be able to entirely prevent such persons from seeking to interact with the
Protocol, Eigens, and/or Eigen holders, including by circumventing the
Organization’s controls. Abuses of the Protocol and failures or alleged failures
to comply with such laws and regulations may expose the Protocol, Protocol
Users, the Organization, and/or Eigen holders to reputational harm as well as
significant penalties, including criminal fines, imprisonment, civil fines,
disgorgement of profits, injunctions and debarment from government contracts, as
well as other remedial measures, and could negatively impact the development,
growth, and utilization of the Protocol and market sentiment around Eigens.
(e) Risk of Entering into a General Partnership. It could be alleged that by
holding Eigens or using Eigens to vote on governance proposals in relation to
the Protocol, the holders of Eigens have entered into a general partnership,
unincorporated association, or some other form of legal entity or association
with other Eigen holders or a group of such holders. At least one court in the
United States has found that certain holders of a governance token constituted
an unincorporated association. If this were to be found or alleged with respect
to EigenLayer, holders of Eigens could be held responsible for the actions of
the other members of the unincorporated association or general partnership, or
the Protocol itself, and subject to up to unlimited liability with respect to
those actions. Additionally, such an allegation could negatively impact market
sentiment around the Protocol or the Eigen and discourage participation in the
Protocol or utilization of Eigens.
(f) Risks Associated with the Tax Treatment of Digital Assets. Due to the new
and evolving nature of digital assets and the absence of comprehensive legal
guidance with respect to digital asset transactions, the taxation of digital
assets is uncertain, and it is unclear what guidance may be issued in the future
on the treatment of digital asset transactions for tax purposes. Guidance under,
or changes in, the tax laws applicable to of digital assets, including Eigens,
or the Organization and/or its activities and transactions, either directly or
through subsidiaries, could adversely impact the value of Eigens or your ability
to use or engage in certain types of transactions with Eigens. The Organization
or its subsidiaries may also have tax reporting obligations in various
jurisdictions with respect to Airdrop Eigens. You should consult a tax advisor
with respect to the tax treatment of Airdrop Eigens in your jurisdiction.
Operational Risks
(a) Risks of Competition. The Protocol and the Eigen compete against a variety
of existing products and platforms as well as likely new entrants into the
market. Some of these current or future competing protocols and products may be
subject to different regulatory regimes than the Organization, the Protocol, or
Eigens that may facilitate broader or faster adoption such that they can
outcompete the Protocol. Alternatively, other competitors may exercise different
amounts of control over the protocol they design that allow for faster or
broader adoption. Additionally, competitors may develop more successful
protocols, applications, or tokens for a variety of other reasons, including but
not limited to designing a more friendly user experience, offering more
compelling incentives, attracting more developers and users to the protocol,
creating a more sustainable token economic design, or taking a more permissive
view of applicable law.
(b) Risks of Security Weaknesses or Attacks. Cyberattacks and security breaches
of an Application or the Protocol or Eigens, or those impacting the Protocol’s
users or third parties such as decentralized applications or crypto wallets that
interact with the Protocol or Eigens, could cause you to lose Eigens, or
adversely impact the Protocol or Eigens. The Protocol could be vulnerable in a
variety of ways, including but not limited to, malware attacks, denial of
service attacks, consensus-based attacks, Sybil attacks, smurfing and spoofing,
governance attacks, exploitable code, or any number of other currently known or
novel methods of exploit. Additionally, as mentioned above, upgrades or changes
to the Protocol or Eigens, which may be proposed, coded, and/or implemented by
parties other than the Organization, could introduce new vulnerabilities to the
Protocol or Eigens or otherwise have unintended or malicious adverse effects on
the Protocol and/or Eigens. The Protocol and smart contracts generally execute
automatically when certain conditions are met and typically cannot be stopped or
reversed, so any vulnerabilities that may arise can have significant adverse
effects to the Protocol, Eigens, and holders of Eigens.
Further, any actual or perceived breach or cybersecurity attack directed at
crypto companies or blockchain networks, whether or not the Protocol is directly
impacted, could lead to a general loss of user confidence in the crypto-economy
or in the use of blockchain technology to conduct transactions, which could
negatively impact the Protocol, including the market perception of the
effectiveness of security measures and technology infrastructure. Digital assets
are generally controllable only by the possessor of a unique public and private
key pair. To the extent your private key for your wallet is lost, destroyed, or
otherwise compromised and no backup of the private key is accessible, you will
be unable to access the tokens held in such wallet.
Any Eigens that are custodied, managed, escrowed, or supported by a third party,
like Coinbase Custody International, a custodian providing certain services to
the Organization with respect to the Eigen, may be subject to a security breach,
cyberattack, or other malicious activity, or otherwise lost or stolen. Such an
event could severely impact you and your Eigen holdings and your ability to use
Eigens.
(c) Risk of Decentralized Operations. Coordinating operations and implementation
of feature updates, new product launches, or community initiatives amongst a
distributed community can result in inefficiencies and delays. Such
inefficiencies and delays could create stagnation around new developments and
improvements to the Protocol and could allow more centralized competitors to act
more efficiently and outcompete the Protocol, resulting in decreased usage or
negative sentiment around the Protocol and Eigens.
Conversely, the Organization’s role as a contributor to research and development
involving the Protocol and Eigens presents certain risks, given the lack of
operating history of the Organization, the relative inexperience of certain
service providers, and the novel nature of the Protocol and potential use cases
for Eigens.
In addition, there will be certain multi-signature wallets that have certain
transactional authorities and controls related to the Protocol and Eigens, and
these may include, but are not limited to, the ability to pause certain
functionality of the Protocol, reverse or pause slashing, implement or influence
upgrades, and implement certain other controls or changes to functionality. At
this time, certain of these multi-signature wallets may be controlled by us or
certain contributors or Protocol Users engaged by us, and certain other wallets
may be controlled partially or entirely by committee members that are
unaffiliated third parties over which the Organization has no or limited
control. The Organization intends, under current plans, and over time, to turn
all multi-signature wallets over to the community, to parties that are
independent of the Organization. Those parties may choose to act in ways that
could cause risk or damage to the Protocol or the uses of Eigens.
(d) Unanticipated Risks. Cryptographic tokens and blockchain-based protocols are
new and untested technologies. Eigens, as well as the Protocol and its design
concepts, smart-contract mechanisms, algorithms, codes, and other technical
details and parameters may be updated and changed. In addition to these risks,
there may be other risks associated with your claiming, using, buying,
transacting in, and/or holding Eigens, including those which we cannot
anticipate or have not specifically enumerated here. Such risks may further
materialize as unanticipated variations or combinations of the risks discussed.
Further, new risks may be created as the Protocol and Eigens are developed
(including by parties other than us) or third parties integrate Eigens or the
Protocol into their products. No person, including the Organization has an
ability or obligation to keep Participants informed of details related to
development of the Protocol or Eigens. Lack of available information may create
risk for you.
(e) Fraudulent Websites. Some users have been targeted and/or have reported
fraudulent websites, emails, text messages, and social media handles, often
including embedded or published links, impersonating projects, persons,
entities, or service providers of or associated with the Organization for the
purpose of defrauding users, stealing their digital assets, or otherwise
unlawfully profiting from such activities. These fraud and theft risks may
materialize in connection with Eigen Claims, and you should remain extremely
cautious about websites, emails, text messages, and social media handles, as
well as any embedded or published links, that direct you to websites or to take
actions, especially connecting to your Wallet.
How to Contact Us. You may contact us regarding the Services or these Terms by
e-mail at notices@eigenfoundation.org.
By clicking accept, you hereby acknowledge that you have read and accept the
EIGEN Token Airdrop Terms & Conditions and Terms of Service.
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