# Welcome
Daımon Docs starts here.
# What is Daımon?
Hurrah! Looks like you stumbled upon the bravest protocol in DeFi.
*'Daimon or Daemon (δαίμων: "god", "godlike", "power", "fate") originally referred to a deity or guiding spirit such as the Daimons of ancient Greek religion and mythology and of later Hellenistic religion and philosophy. The word is derived from Proto-Indo-European \*Daimon' provider, divider (of fortunes or destinies),' from the root \*da- 'to divide'. Daimons were seen as the souls of men of the golden age acting as tutelary deities. See also Daimonic: a religious, philosophical, literary and psychological concept.'*
### 🗺️Overview
Daimon is a decentralised, non-custodial asset management protocol connecting Web3 Community Treasuries with professional asset managers through Separately Managed Accounts (SMAs). It gives communities institutional-grade portfolio management — on-chain, transparent, and without surrendering custody.
Daimon's core thesis is simple: access to sophisticated investment management shouldn't be reserved for the few. By enabling communities to collectively govern and deploy their Treasuries through a cost-efficient, social, and modular infrastructure, Daimon brings institutional finance to the decentralised world.
Daimon Labs is building toward a single goal: making Daimon the world's leading decentralised asset management ecosystem by 2030.
### 📜Features
Daımon introduces innovative blockchain-based asset management solutions that enable:
🆓Costless Onboarding
Any community can [onboard a Treasury](/trustee-guide/onboarding-a-treasury) and access Separately Managed Account services, or [set up a Treasury Management Castle](/manager-guide/onboarding-a-castle), at significant below-market costs.
📄Increased Security
Through a novel [consensus-based voting mechanism](/investor-guide/ruling-treasuries), communities gain voting rights that allow members to hard-code smart contract-based rulesets within their investment fund.
🔎Greater Transparency
Completely transparent, 24/7 investor access to all asset management activity, hence mitigating rent-extraction, along with tamper-proof valuations of fund holdings.
👔Professionals Marketplace
The first[ marketplace](/features/the-bazaar) facilitating professional wealth management networking, talent acquisition and career development for Treasury Managers.
# Fundamentals
Fundamentals starts here.
# Mission
Chaarge! We are on a mission to shape the future of DeFi.
### 🧪Daımon Labs
Daimon is built by Daimon Labs with a single mandate: fix what is broken in asset management, and do it fast. The protocol is guided by five core principles — smart decentralisation, good governance, individual agency, integrity and compliance, and enhanced investment capability — each one a deliberate response to the structural failures of the traditional industry.
### 🤝A New Fiduciary Standard
Daimon Labs is redefining the fiduciary standard for Treasury management — building toward a model where investor and manager interests are genuinely aligned, not structurally opposed. Together with our Community, we have architected a decentralised asset management layer that delivers what traditional finance has long promised but rarely delivered: greater efficiency, lower costs, broader accessibility, and uncompromising transparency and accountability.
### 🎯The Endgame
Daimon exists to close the access gap that has defined asset management for generations. The most sophisticated investment vehicles — SMA strategies, alternative assets, institutional-grade portfolio construction — have long been gatekept by high minimums, opaque structures, and incumbents with little incentive to change. Daimon builds the infrastructure that dismantles that equation: a single on-chain architecture where asset managers and investors interact directly, enabling any community, DAO, or individual to access and collectively manage investment vehicles historically reserved for the wealthiest fraction of market participants. Democratisation here is not a marketing claim — it is a structural outcome built into the protocol itself.
# Problem
Surprise, surprise! The Banksters not always have your best interest at heart.
### 🧑💼The Managerial Power Hypothesis
Daimon's foundational thesis is that asset managers and third-party service providers hold sufficient structural power to distort optimal contracting — creating a deep-rooted agency problem we term the managerial power hypothesis.
As the intermediary sector has grown in scale and influence, the beneficial owners of capital have seen their leverage erode in parallel. The result is a system that systematically incentivises rent extraction: rising costs of finance, misaligned incentives, and beneficiary-intermediary relations that serve the intermediary far more than the beneficiary..
### 🏦Inefficiencies in Asset Management
The traditional wealth management industry and the few currently existing DeFi asset management protocols are not built to adequately address the managerial power hypothesis. As a result, the asset management industry is burdened with inefficiencies. These include:
👎Opaque Accountability Frameworks
In TradFi, it is assumed that shareholders are ultimately responsible for their investments. If they are unhappy, they can sell their shares and exit the investment vehicle.
Naturally, not every shareholder who refuses to exit is voicing support for the adviser or its fees. Investors may believe that the trustees will protect them from exploitation.
👎Inflated Valuations of Fund Holdings
In TradFi, managing entities are tasked with the valuation of their fund's holdings, which essentially equates to calculating their own management fees.
Failure to adjust values of holdings downwards leads to the artificial increase of a fund's net asset value, which in turn leads to shareholders paying too much.
👎Higher-Than-Fair-Value Management Fees
This form of rent extraction is common in marketing and distribution fees, annual and quarterly custodian fees, and the loads and commissions paid to external consultants.
Under this arrangement, fund shareholders pay twice: through the original management and performance fees and in the form of increased transaction costs.
👎Excessively High Set-Up Costs and Barriers to Entry
In TradFi, the current set-up costs and requirement of a minimum of $50 million assets under management, automatically exclude smaller players from the market.
Moreover, alternative investment funds remain solely accessible to accredited investors with a net worth of over $1 million or an average income of $200,000 p.a.
👎A Disproportionately Long and Costly Intermediary Chain.
There is a structural dependence on service providers, transfer agents, the principal underwriter or distributor, brokers/dealers and the custodian.
All these intermediaries incur hidden costs, which lead to an increase in a fund's expense ratio. These costs are in turn absorbed by the shareholders.
👎Late-Trading, Market-Timing and Front-Running Arbitrage
Due to informational asymmetries, managers can buy fund shares at a discount or sell them at a premium before a specific event is reflected in the price.
This form of arbitrage is well documented essentially pits the adviser's financial interest against the interest of the fund shareholders.
👎Sub-Optimal Contracting Approaches
Trustees are compensated through regular paychecks for their services in relation to the assets under management of the fund, increasing the likelihood of collegiality.
The more assets, the greater the compensation. This preconditions trustees to seek and close advisory agreements that could very well be sub-optimal for the shareholder.
# Solution
To battle! Follow your Daımon to financial victory.
### 🛡️A Protocol that Works for Everyone
The traditional wealth management industry and the few currently existing DeFi asset management protocols are not built to adequately address the managerial power hypothesis. To solve the most pressing challenges, then, we look at solving the managerial power hypothesis.
🙋For Investors
Daımon introduces an on-chain asset management architecture that enables Treasury tokenholders to gain more power to shape their investment mandate by acquiring shareholding and decision-making rights in their respective Treasuries.
👨💼For Treasury Managers
Treasury Managers access the opportunity to set up Castles on a low-cost basis and earn management and performance fees, along with a more central role in the administration of their respective investor communities.
💰For Community Treasuries
The protocol strikes a balance between good governance and management efficiency by introducing the functions of the Trustee to decentralised finance, empowering Trustees with independent supervisory and deliberative power.
### 📮Contributions to the Industry
The Daımon Protocol solves numerous problems found in traditional asset management and adds several original contributions to the DeFi asset management sector. By doing so, Daımon enables the creation of a more inclusive, transparent, and effective Treasury management sector that offers Separately Managed Account services at below-market costs.
### 🏦Contributions to TradFi
❎No More Just 'Suppliers of Capital'
Tokenholders acquire direct voting rights in their invested Treasuries. This means that they can finally shape the governance of their invested Treasuries and express dissent in a more inclusive way rather than just through exit.
This also creates a structure where asset managers and the tokenholders can share opinions, exchange trades and discuss market sentiment in a way that increases the financial literacy of the latter, making investors more than just 'suppliers of capital'.
❎No More Rent Camouflaging
The protocol mitigates major forms of rent camouflaging currently present in the traditional industry. We introduce a crowd-sourced mediation framework where tokenholders, trustees and treasury managers can negotiate optimal advisory agreements.
Because all transactions are conducted on-chain, trustees can monitor the treasury manager's trades to make sure that arbitrage does not occur. Finally, on-chain valuation removes all issues associated with the purposeful inflation of the valuation of holdings.
❎No More Dependence on Intermediaries
Daımon also reduces the structural dependence of the asset management industry on external intermediaries and service providers. The protocol removes all service providers, transfer agents, principal underwriters or distributors, brokers/dealers, and custodians.
This drastically reduces the expense ratio of the offered treasuries, meaning that average returns for tokenholders and asset management companies will be higher. Unlike other DeFi solutions, this is not achieved at the expense of good governance.
❎No More High Barriers to Entry
Daımon reduces the high barriers to entry that many retail investors face when trying to access services that are currently available only to the 1%. The protocol also reduces other obstacles such as high management fees and a lack of transparency.
Similarly, Daımon also enables any asset manager to create their asset management company without high set-up costs and initial AuM or other capital requirements. This allows smaller players to compete in a market they are otherwise shut out of.
### 🌐Contributions to DeFi
✅Introduces the trustee
Daımon introduces the figure of the trustee to DeFi. This is significant because the very same power imbalance between beneficiaries and intermediaries in traditional finance is also present in DeFi. An independent trustee mitigates this issue.
We therefore devised a model that separates the trustee from the asset management company by implementing a multi-pillar governance structure and dichotomous incentives schemes through the meritocratic distribution of token rewards.
✅More Access to Portfolio Diversification
The protocol enables DeFi investors to access a suitable amount of diversification. In line with Modern Portfolio Theory, portfolio diversification is beneficial no matter how much capital is invested and becomes increasingly essential when investing large sums.
The development of a platform that allows users to onboard, invest and manage decentralised Community Treasuries enables investors to spread unsystematic risk by reducing the aggregate volatility of their portfolio.
✅More Free Time for Investors
Selecting and investing in multiple assets individually requires higher degrees of research and greater time spent examining price action. This leads to increased portfolio maintenance costs, both in terms of mental energy and gas fees.
Daımon drastically reduces the time spent by DeFi investors monitoring their portfolios. By offering collective investment pools, Treasury investors access economies of scale and a simpler vehicle that allows them to pool capital more efficiently.
✅Greater Access to Complex Investment Strategies
Daımon allows anyone to take advantage of more complex investment instruments and trading strategies. By investing through exchanges, many investors unknowingly forfeit the opportunity to trade the same assets in a more remunerative manner.
This negligence essentially equates to opting out of portfolio management operational efficiencies that require similar levels of risk but offer higher returns. The protocol provides investors with the opportunity to change this.
✅Greater Access to Long-Term Investment Plans
Finally, Daımon enables anyone to gain access to a long-term investment plan. Most Community Treasuries fail to develop any long-term strategy, facing a higher risk of entering investments too late or leaving them too early according to market sentiment.
On the other hand, by adopting a buy-and-hold approach with a diversified and constantly updated portfolio, Community Treasuries and their investors access both the simplest and most dependable way to achieve sustained returns.
# Market Size
Gnam gnam - looks ike there's a lot to conquer.
### 🌍Growth Forecast
Decentralised asset management is still a nascent market segment that has enormous potential for further growth. The DeFi sector is forecasted to grow by 43.3% compounded annually to 2030, while traditional asset management is set to expand by 6.2% per annum to 2030.
### 📊Recent Stats
As the total value locked in DeFi surpasses the [$200 billion threshold](https://defillama.com/) and the number of global active wallets reaches [+80 million](https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/), the decentralised Treasury management segment is poised to grow into a multi-billion-dollar industry sooner rather than later.
Testimony to this is the more than [$35 billion in assets](https://deepdao.io/organizations) sitting in the top 150 crypto Community Treasuries. These assets largely remain undermanaged, underutilised and undiversified. For example, Uniswap - which has nearly $5 billion invested UNI sitting in its Treasury - [has spent only $1.5 million to date](https://sukernik.medium.com/unlocking-the-treasury-483aeea01001).
Moreover, the largest Treasuries are going through an unlocking process that will free funds and increase Treasury spending. Predictions indicate $1 billion in Treasury spending in the next 12 months. Treasury Managers require a tool to ensure that they have the necessary assets and long-term investment plan required to build a runway and survive market cycles.
### 🤴First-Movers
There is no doubt that the sector is maturing, and, along with it, also DeFi investors. Being a first mover, Daımon is strategically built to capture a large part of that market. In this way, the Daımon Community hope to contribute to the formation of a smarter, fairer financial system.
# For Investors
For Investors starts here.
# Investing in Treasuries
Resources to get started as an Investor.
### 🗺️Overview
By subscribing to a Treasury, tokenholders access below-market management fees, full transparency, complete investor control, and superior alpha potential. All Treasuries are structured similarly to traditional open-end mutual funds and are not traded on the market. Investors looking to subscribe to a Treasury send their contributions through the Daımon investor portal.
### 🔃Subscription and Redemption
By contributing to a Treasury, investors interact directly with a smart contract that confirms the investment and automatically apportions the capital to the underlying asset allocation determined by the Management Castle at that given time. Similarly, upon redemption, the smart contract automatically redistributes the corresponding value of all the underlying assets to the investor.
### 🪙fTokens
In exchange for the initial investment, the investor receives a number of vefTokens. Upon interaction, vefTokens are instantly minted by the smart contract at the prevailing [Net Asset Value (NAV)](https://www.investopedia.com/terms/n/nav.asp) of the Treasury, which in turn is based on the portfolio's underlying on-chain asset price. Similarily, upon redemption, veTokens are burned and removed from circulation.
All vefTokens are constituted by the non-fungible standard, representing the fully collateralised basket of underlying digital assets of each portfolio. The price of each vefToken is given by an in-built on-chain pricing mechanism that divides the Net Asset Value of the Treasury (including liabilities) by the number of issued vefTokens currently in circulation.
### ⚙️Pricing Mechanism
The price is given by the following formula, where *TPx* is the vefToken price for Treasury *X, NAVx* is the Net Asset Value*, Lx* is the total number of liabilities owned*,* and *CSx* is the circulating supply (number of outstanding shares):
# Step-by-Step Guide
Now careful, follow your Daımon step by step.
### 1️⃣Step One - Venture
Follow your Daımon to the investor portal by launching the Daımon dApp. Follow your Daımon to 'Dashboard', where you will see all the investible Treasuries currently onboarded on Daımon. Here you can browse, filter and search for any onboarded Treasury.
### 2️⃣Step Two - Conquer
Follow your Daımon to the individual 'Treasury' page, where you will be able to invest by swapping your tokens in the swap interface under the 'Overview' tab. Here you can also browse information regarding the Treasury's performance, its current portfolio, the Treasury Management Castle managing its capital and the management and performance fees incurred by investors.
### 3️⃣Step Three - Dance
Congratulations! You are now an investor, and therefore member, of the invested Community Treasury. Feel free to celebrate by joining your Daımon in a tribalist victory dance.
# Ruling Treasuries
Resources to get started as an Investor.
### 🗺️Overview
Daımon enables the governance of each Treasury through its respective on-chain consensus-based voting mechanism. By holding a veToken, investors acquire voting rights proportionally to their share of the Treasury's Assets Under Management (AuM).
The greater the share of AuM owned, the more voting power a tokenholder has. The same applies to Managers, encouraging them to have ownership of the Treasuries they manage.
Anyone holding a veToken can submit a proposal and vote via the 'Governance' portal. To submit and vote on Treasury Proposals, tokenholders will have to lock their votes via their Treasury's staking pool or delegate their veTokens to a Trustee who will vote for them.
### 🌡️Treasury Signalling Proposals (TSPs)
A non-binding proposal to signal the Treasury Community's feelings or intent on any issue. This may include polls regarding a Community's appetite for specific trades, risk allocation and market sentiment, along with any resolution regarding the management and administration of a Treasury.
Treasury Signalling Proposals essentially raise awareness on certain topics without the results being smart contract enforceable. TSPs are open for 3 days and require a 33% quorum, and 50% of votes or more in favour in order to pass. The members of the Asset Management Castle MultiSig will review every TSP vote and will manually execute TSPs with strong fundamentals.
#### TSPs include but are not limited to the following:
| Management | Administration |
| :-----------------------------------------------------: | :----------------------------------------------------: |
| Signal Trade/Strategy/Token Swap | Signal Change in Fees |
| Signal Treasury Buyback | Signal Change in Trustee |
| Signal Change in Maximum Acceptable Buy (Slippage) | Signal Change in Treasury Manager |
| Signal Blacklisting/Whitelisting of Asset | Signal Change in Management Castle |
| Signal Blacklisting/Whitelisting of Protocol/Strategy | Signal Blacklisting/Whitelisting of Redemption Asset |
| Signal Change in Minimum/Maximum Investment Requirement | Signal Blacklisting/Whitelisting of Denomination Asset |
### 📝Treasury Mandate Proposal (TMP)
A binding proposal to vote on all aspects concerning the mandate of a Treasury. These include any resolution regarding what the Management Castle can or cannot do with the Treasury's portfolio.
TMPs are open for three days and require a 33% quorum, and 50% of votes or more in favour in order to pass. TMPs are smart-contract enforceable and are automatically executed at approval. Following execution, TMPs are time-locked for two days before being automatically pushed.
#### TMPs include but are not limited to the following:
| Management | Administration |
| :-------------------------------------------: | :------------------------------------: |
| Whitelist/Blacklist Asset | Add/Remove Management Castle |
| Whitelist/Blacklist Strategy/Protocol | Whitelist/Blacklist Redemption Asset |
| Change Maximum Acceptable Buy | Open/Close Treasury to New Investors |
| Change Minimum/Maximum Investment Requirement | Whitelist/Blacklist Denomination Asset |
### 🗳️Voting Mechanism
For both TSPs and TMPs, voting is active for three days, after which the voting ends and a proposal either succeeds or is defeated. Tokenholders can vote directly or delegate their votes to Trustees, which ensures greater oversight over the management/administration of the Treasury.
In this way, the Management Castles always retain full control over the Treasury's management for everything regarding Treasury Signalling Proposals, while the Community and the Trustee always have a binding say on everything related to the Treasury Mandate Proposals.
This system ensures that Management Castles are not subject to a 'tyranny of the majority' that would disincentivise Managers to manage supply capital efficiently, while protecting the Trustee and the Treasury Community from rent-extraction and advisory agreement breaches.
For more information on voting, please refer to [Voting Power](/features/voting-power).
# Step-by-Step Guide
Now careful, follow your Daımon step by step.
### 1️⃣Step One - Venture
Follow your Daımon to the Investor portal by launching the Daımon dApp.
### 2️⃣Step Two - Discover
Follow your Daımon to the 'My Portfolio' tab, where you will see all the Treasuries you are currently invested in. Here you can also check your aggregate portfolio returns.
### 3️⃣Step Three - Stake
Follow your Daımon to the individual 'Treasury' page, where you will be able to buy and stake your tTokens to receive vetTokens. Remember, you cannot vote if you have not staked your tTokens!
### 4️⃣Step Four - Rule
Follow your Daımon to the individual 'Community' tab if you want to browse, vote or propose Treasury Signalling Proposals. Remember, these are not smart contract-enforceable.
Otherwise, follow your Daımon to the individual 'Mandate' tab if you want to browse, vote or propose Treasury Mandate Proposals. Remember, these are smart contract-enforceable.
### 5️⃣Step Five - Devour the Banksters
Congratulations! You are now ruling over your investments like a true King. Feel free to celebrate by joining your Daımon in a carnage-banquet of CeFi enemy remains.
# For Trustees
For Trustees starts here.
# Onboarding a Treasury
Resources to get started as a Trustee.
### 🗺️Overview
Daımon enables Communities to onboard their Treasury with the consensus of its MultiSig members. Once the onboarding is complete, the MultiSig wallet becomes the Treasury's Trustee, which is responsible for the alignment of the Treasury's mandate with the tokenholder's agenda.
Trustees have the duty to safeguard the tokenholder's interests and concerns by informing the Asset Management Castle through [Treasury Proposals](/trustee-guide/ruling-a-treasury). Trustees submit proposals based on the holder's time horizon, risk preferences, return expectations and market conditions.
### 👑Powers
Through a system of wallet delegation, the Treasury MultiSig can opt-in to delegate decisions to a single MultiSig member. The discretionary smart contract-based rulesets of the Trustee, initially hardcoded in the protocol's governing logic, are the following:
* Liquidate Treasury
* Delegate/Undelegate Decisions to MultiSig Member
* Delegate/Undelegate Treasury to Management Castle
# Step-by-Step Guide
Now careful, follow your Daımon step by step.
### 1️⃣Step One - Venture
Follow your Daımon to the onboarding interface either by clicking the 'Onboard Your Treasury' CTA on the landing page or by launching the Daımon dApp and switching on the 'Trustee View'. You will be prompted to fill in your Treasury's name, its social media channels, a logo, a brief description and the tToken symbol.
### 2️⃣Step Two - Add MultiSig
Next, add your Treasury's MultiSig wallet and social media channels, along with the individual wallets of the MultiSig members. Each wallet will become a Trustee. You will also have the choice to delegate certain decisions directly to a single MultiSig wallet for decisions such as:
* Delegate/Undelegate Decisions to MultiSig Member
* Delegate/Undelegate Treasury to Asset Management Castle
### 3️⃣Step Three - Your Precious
Now add the denomination asset of the Treasury, along with the redemption asset. We recommend you use Ethereum, but you can pick any asset you want. On this page, you will also be able to select the minimum and maximum investment requirement, the slippage and the option to keep the Treasury open or closed to third-party investors, along with opting in for entry and exit fees.
### 4️⃣Step Four - Whitelist
On this panel, you will be prompted to whitelist/blacklist any asset or DeFi strategy you want. Variables are hard-coded within the Treasury smart contract, meaning that the Treasury Manager will only have access to the given assets and protocols.
### 4️⃣Step Five- King of the Treasury!
Congratulations! You are now a Trustee, and therefore MultiSig member, of the onboarded Treasury. Follow your Daımon to the 'My Treasury' tab, where you will see all the Treasuries currently delegated to your wallet. Feel free to celebrate by hiring a Castle in the 'Bazaar' tab so as to delegate your capital to expert Treasury Managers.
# Ruling a Treasury
Resources to get started as a Trustee.
### 🗺️Overview
Daımon enables the governance of each Treasury through its respective on-chain consensus-based voting mechanism. By holding a veToken, Trustees acquire voting rights proportionally to their share of the Treasury's Assets Under Management (AuM).
The greater the share of AuM owned, the more voting power a Trustee has. The same applies to Treasury Managers, encouraging them to have ownership of the Treasuries they manage.
Anyone holding a veToken can submit a proposal and vote via the 'Governance' portal. To submit and vote on Treasury Proposals, Trustees will have to lock their votes via their Treasury's staking pool or delegate their veTokensto another Trustee who will vote for them.
### 🌡️Treasury Signalling Proposals (TSPs)
A non-binding proposal to signal the Treasury Community's feelings or intent on any issue. This may include polls regarding a Community's appetite for specific trades, risk allocation and market sentiment, along with any resolution regarding the management and administration of a Treasury.
Treasury Signalling Proposals essentially raise awareness on certain topics without the results being smart contract enforceable. TSPs are open for 3 days and require a 33% quorum, and 50% of votes or more in favour in order to pass. The members of the Asset Management Castle will review every TSP vote and will manually execute TSPs with strong fundamentals.
#### TSPs include but are not limited to the following:
| Management | Administration |
| :-----------------------------------------------------: | :----------------------------------------------------: |
| Signal Trade/Strategy/Token Swap | Signal Change in Fees |
| Signal Treasury Buyback | Signal Change in Trustee |
| Signal Change in Maximum Acceptable Buy (Slippage) | Signal Change in Treasury Manager |
| Signal Blacklisting/Whitelisting of Asset | Signal Change in Asset Management Castle |
| Signal Blacklisting/Whitelisting of Protocol/Strategy | Signal Blacklisting/Whitelisting of Redemption Asset |
| Signal Change in Minimum/Maximum Investment Requirement | Signal Blacklisting/Whitelisting of Denomination Asset |
### 📝Treasury Mandate Proposal (TMP)
A binding proposal to vote on all aspects concerning the mandate of a Treasury. These include any resolution regarding what the Management Castle can or cannot do with the Treasury's portfolio.
TMPs are open for three days and require a 33% quorum, and 50% of votes or more in favour in order to pass. TMPs are smart-contract enforceable and are automatically executed at approval. Following execution, TMPs are time-locked for two days before being automatically pushed.
#### TMPs include but are not limited to the following:
| Management | Administration |
| :-------------------------------------------: | :------------------------------------: |
| Whitelist/Blacklist Asset | Add/Remove Management Castle |
| Whitelist/Blacklist Strategy/Protocol | Whitelist/Blacklist Redemption Asset |
| Change Maximum Acceptable Buy | Open/Close Treasury to New Investors |
| Change Minimum/Maximum Investment Requirement | Whitelist/Blacklist Denomination Asset |
### 🗳️Voting Mechanism
For both TSPs and TMPs, voting is active for three days, after which the voting ends and a proposal either succeeds or is defeated. Trustees can vote directly or delegate their votes to other Trustees, ensuring oversight over the management/administration of the Treasury.
In this way, the Management Castles always retain full control over the Treasury's management for everything regarding Treasury Signalling Proposals, while the Community and the Trustee always have a binding say on everything related to the Treasury Mandate Proposals.
This system ensures that Management Castles are not subject to a 'tyranny of the majority' that would disincentivise Managers to manage supply capital efficiently, while protecting the Trustee and the Community Treasury from rent-extraction and advisory agreement breaches.
For more information on voting, please refer to [Voting Power](/features/voting-power).
# Step-by-Step Guide
Now careful, follow your Daımon step by step.
### 1️⃣Step One - Venture
Follow your Daımon to the Trustee portal by launching the Daımon dApp.
### 2️⃣Step Two - Discover
Follow your Daımon to the 'My Treasury' tab, where you will see all the Treasuries currently delegated to your wallet. Here you can also check your aggregate portfolio returns.
### 3️⃣Step Three - Stake
Follow your Daımon to the individual 'Treasury' page, where you will be able to stake your tTokens to receive vetTokens. Remember, you cannot vote if your MultiSig has not staked its tTokens!
### 4️⃣Step Four - Rule
Follow your Daımon to the individual 'Community' tab if you want to browse, vote or propose Treasury Signalling Proposals. Remember, these are not smart contract-enforceable.
Otherwise, follow your Daımon to the individual 'Mandate' tab if you want to browse, vote or propose Treasury Mandate Proposals. Remember, these are smart contract-enforceable.
### 5️⃣Step Five - Devour the Banksters
Congratulations! You are now ruling over your investments like a true King. Feel free to celebrate by joining your Daımon in a carnage-banquet of CeFi enemy remains. Otherwise, have a look a the 'Strategy', tab where you can browse the general investment strategy of the Treasury.
# For Managers
For Managers starts here.
# Onboarding a Castle
Resources to get started as a Manager.
### 🗺️Overview
To manage a Treasury, asset managing entities create a Management Castle, governed by a MultiSig wallet. There are no limits on how many Treasuries a Management Castle can manage and each manager can be responsible for the administration of one or more Treasuries but all Castles require an initial minimum of three MultiSig members.
Once the onboarding is complete, the members of the MultiSig become Treasury Managers, and the collective can be added or removed by Trustees to manage their Treasuries. Treasury Managers will then be responsible for the construction of optimal portfolios and the execution of on-chain investments for the given Community Treasury.
### 👑Powers
Through a system of wallet delegation, the Management Castle MultiSig can opt-in to delegate decisions to a single MultiSig member. The discretionary smart contract-based rulesets of the Treasury Managers, initially hardcoded in the protocol's governing logic, are the following:
* Liquidate Castle
* Add/Remove Manager to MultiSig
* Add/Remove Manager to Treasury
* Delegate/Undelegate Decisions to MultiSig Member
# Step-by-Step Guide
Now careful, follow your Daımon step by step.
### 1️⃣Step One - Venture
Follow your Daımon to the onboarding interface either by clicking the 'Onboard Your Castle' CTA on the landing page or by launching the Daımon dApp and switching on the 'Manager View'. You will be prompted to fill in your Castle's name, its social media channels, a logo and a brief description.
### 2️⃣Step Two - Add MultiSig
Next, add your Castle's MultiSig wallet and social media channels, along with the individual wallets of the MultiSig members. Each wallet will become a Treasury Manager. You will also have the choice to delegate certain decisions directly to a single MultiSig wallet for decisions such as:
* Add/Remove Manager to MultiSig
* Add/Remove Manager to Treasury
### 3️⃣Step Three - Your Precious
Now add the denomination asset of the Treasury. We recommend you use Ethereum, but you can pick any asset you want. On this page, you will also be able to select the asset the Treasury Managers will receive as Management, Performance or Entry and Exit Fees.
### 4️⃣Step Four - Review
Review your Castle's information to make sure everything is correct. You will be able to change most of the Castle's profile information on the "My Castle" page.
### 5️⃣Step Five- King of the Castle!
Congratulations! You are now a Manager, and therefore MultiSig member, of the onboarded Castle. Feel free to celebrate by hiring additional Treasury Managers.
# Managing a Treasury
Resources to get started as a Manager.
### 🧩Integrations
Thanks to numerous third-party protocol integrations, Treasury Managers can interact with third-party DeFi protocols so as to perform the necessary investment activities. These include trading, staking, farming, lending and borrowing and indexes. Through the Manager interface, members of a Management Castle will consequently be able to manage the Treasury’s capital in a completely non-custodial fashion, and interact, initially, with the following protocols:
### ⛓️Ethereum Mainnet
| Strategy | Protocols |
| :-----------------: | :--------------------------------------: |
| Trade | [Uniswap](https://uniswap.org/) |
| Perpetuals | [dYdX](https://dydx.exchange/) |
| Stake | [Lido](https://lido.fi/) |
| Yield | [Pendle](https://www.pendle.finance/) |
| Lending & Borrowing | [AAVE](https://aave.com/) |
| Indexing | [Reserve Protocol](https://reserve.org/) |
### ⛓️BNB Chain
| Strategy | Protocols |
| :-----------------: | :-----------------------------------------------------------------: |
| Trade | [PancakeSwap](https://pancakeswap.finance/) |
| Perpetuals | [PancakeSwap](https://pancakeswap.finance/) |
| Stake | [Binance Staking](https://www.binance.com/en/earn/ethereum-staking) |
| Yield | [Pendle](https://www.pendle.finance/) |
| Lending & Borrowing | [Venus](https://venus.io/) |
| Indexing | - |
### ⛓️Arbitrum
| Strategy | Protocols |
| :-----------------: | :--------------------------------------: |
| Trade | [Uniswap](https://uniswap.org/) |
| Perpetuals | - |
| Stake | - |
| Yield | [Pendle](https://www.pendle.finance/) |
| Lending & Borrowing | [AAVE](https://aave.com/) |
| Indexing | [Reserve Protocol](https://reserve.org/) |
### ⛓️Optimism
| Strategy | Protocols |
| :-----------------: | :-----------------------------------: |
| Trade | [Uniswap](https://uniswap.org/) |
| Perpetuals | - |
| Stake | - |
| Yield | [Pendle](https://www.pendle.finance/) |
| Lending & Borrowing | [AAVE](https://aave.com/) |
| Indexing | - |
### ⛓️Base
| Strategy | Protocols |
| :-----------------: | :--------------------------------------: |
| Trade | [Uniswap](https://uniswap.org/) |
| Perpetuals | - |
| Stake | - |
| Yield | [Pendle](https://www.pendle.finance/) |
| Lending & Borrowing | [AAVE](https://aave.com/) |
| Indexing | [Reserve Protocol](https://reserve.org/) |
# Step-by-Step Guide
Now careful, follow your Daımon step by step.
1️⃣Step One - Venture
Follow your Daımon to the Manager portal by launching the Daımon dApp.
### 2️⃣Step Two - Discover
Follow your Daımon to the 'My Castle' tab, where you will see all the Treasuries currently delegated to your wallet. Here you can also check your Castle's Managers, general stats and, most importantly, the requests from Community Treasuries to manage their assets.
### 3️⃣Step Three - Conquer
Follow your Daımon to the individual 'Treasury' page, where under the 'Manage' tab, you can access the whitelisted protocols/strategies of the Treasury and trade the whitelisted assets.
Under the "Manage" tab, you will be able to access the different third-party protocols integrated within Daımon. The protocols are divided into the following categories: 'Trade', 'Stake', 'Earn', 'Borrow', 'Lend' and 'Index'. Rewards for these actions can be collected under the 'Rewards' tab.
### 4️⃣Step Four - Rule
Follow your Daımon to the individual 'Community' tab if you want to browse, propose or execute Treasury Signalling Proposals. Remember, these are not smart contract-enforceable.
Otherwise, follow your Daımon to the individual 'Mandate' tab if you want to browse, vote or propose Treasury Mandate Proposals. Remember, these are smart contract-enforceable.
Treasury Managers also have the option to post updates on their strategy under the 'Strategy' tab.
### 5️⃣Step Four - King of the Treasury!
Congratulations! You are now managing the Treasury's portfolio like a true King. Feel free to browse the 'My Portfolio' tab to collect your management and performance fees.
# Features
Features starts here.
# The Bazaar
The most innovative NFT-powered marketplace.
### 🗺️Overview
The Daımon Bazaar is an interactive marketplace facilitating professional wealth management networking and career development for Management Castles, Treasury Managers and Community Treasuries. By interacting with the Bazaar, users of the protocol can access quantitative and qualitative data regarding the relative performance of Management Castles and their Treasury Managers. The Bazaar essentially functions as a platform where:
1. Management Castles can scout and hire new Treasury Managers;
2. Trustees can find new Treasuries to monitor;
3. Investors can search for the top-performing Management Castles and Managers.
### 🧮**Daımon** Scores
Each Treasury, Castle and Manager has their own upgradeable metadata measuring the relative skill and performance of its owner based on an extensive number of multidimensional variables that take into account both financial, managerial and fiduciary metrics. The metadata is then aggregated into a single Daımon Score. Daımon Scores are calculated by the following ratios:
### 💰Treasuries
| Metric | Formula |
| :----------------------------------: | :-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------: |
| Absolute performance |  |
| Compound annual growth rate |  |
| Absolute risk |  |
| Sortino ratio |  |
| Treynor ratio |  |
| Beta coefficient |  |
| Relative performance (to benchmark) |  |
| Maximum drawdown |  |
| Up number ratio (positive periods) |  |
| Down number ratio (negative periods) |  |
### 🏰Management Castles
| Metric | Formula |
| :----------------------------------: | :-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------: |
| Absolute performance |  |
| Compound annual growth rate |  |
| Absolute risk |  |
| Sortino ratio |  |
| Treynor ratio |  |
| Beta coefficient |  |
| Relative performance (to benchmark) |  |
| Maximum drawdown |  |
| Up number ratio (positive periods) |  |
| Down number ratio (negative periods) |  |
| Market share |  |
| Managerial ownership |  |
| Total expense ratio |  |
### 👨💼Treasury Managers
| Metric | Formula |
| :----------------------------------: | :-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------: |
| Total net profit |  |
| Profit factor |  |
| Win/loss ratio |  |
| Absolute performance |  |
| Compound annual growth rate |  |
| Absolute risk |  |
| Sortino ratio |  |
| Treynor ratio |  |
| Beta coefficient |  |
| Relative performance (to benchmark) |  |
| Maximum drawdown |  |
| Up number ratio (positive periods) |  |
| Down number ratio (negative periods) |  |
# Voting Power
Resources to understand veToken and veTAILS voting power.
### 🗺️Overview
Voting power for Treasury Proposals and Daımon Proposals is calculated based on the amount of fTokens a holder has staked in the individual fToken staking pools.
When a user locks their tokens, they will receive vote-escrowed non-standard, non-fungible tokens (NFTs). Vote-escrowed tokens (vefTokens) cannot be transferred and grant voting and revenue-sharing power to users who employ a time multiplier on the amount of fTokens.
### ❎Multipliers for tToken Staking
Voting power does not include unclaimed rewards yet to be harvested and the multipliers are dependent on the length of time locked as follows:
* 15 Days = 1.25x
* 30 Days = 1.5x
* 60 Days = 1.75x
* 90 Days = 2x
### 🔲Quadratic Voting
To make the voting procedure fair and to secure the Daımon protocol and onboarded Treasuries from governance attacks, both the Treasury and the Daımon governance systems employ a system of [quadratic voting](https://vitalik.ca/general/2019/12/07/quadratic.html). By square rooting the number of additional votes cast, the marginal cost of each additional vote is far higher than the previous one. This enables voters to not only express their preferences but also the intensity of the said premises.
The additional cost to the voter is given by the following formula, where *C* is the cost to the voter *X* and *N* is the total number of votes cast:
# Daımon Fees
Did you really think there were no fees, anon?
### Streaming Fees
Daımon offers investors the possibility to access fairer, smarter, and more transparent Treasury management services at below-market costs. As a result, the only fee that is applied by the protocol is a small 2.55% streaming fee on each Treasury, which is accumulated and redistributed as annual inflation on a weekly basis. These streaming fees are, in turn, redirected as follows:
* 0.55% is redistributed to the Daımon Community Treasury.
* 2.00% is redistributed to vefToken and Governance stakers.
### 🐯Back to the Community
It is imperative to note that all fees are exclusively awarded to the Daımon Community and not to Daımon Labs. In turn, these fees create a positive feedback loop that interlinks the Treasuries offered on the Daımon platform. The Daımon Community and protocol users reserve the right to change these fees and their redistribution according to community sentiment through the Daımon Governance portal.
# Team
Information about the Daımons behind Daımon Labs.
| Name | Role | Contact |
| ------------- | ---------------- | --------------------- |
| Leon Donadoni | Co-Founder & CEO | |
# Q\&A
Dumb questions, smart answers.
❓What is Daımon?
Daımon is a cross-chain, 100% decentralized, 100% non-custodial asset management protocol that enables Communities and their Treasuries to connect with Asset Management Castles so as to benefit from Separately Managed Account (SMA) services.
❓How Does Daımon Work?
The Daımon Protocol is a multi-pillar governance architecture built around Tokenholders, Management Castles and Community Treasuries. The protocol strikes a balance between good governance and management efficiency by regulating the incentives and deterrents mechanisms of all onboarded asset managing entities.
❓How is Daımon Disruptive?
Daımon enables tokenholders to acquire voting rights in their invested Treasuries, mitigates all major forms of rent camouflaging in the industry, removes the need for several intermediaries, lowers the barriers to entry and set-up costs of the industry, and streamlines governance processes affected by collective action problems.
❓How Do I Become a Manager?
Daımon is permissionless! To become a Treasury Manager, create a Management Castle. The Management Castle can then onboard onto the protocol through our multisig integration.
❓Why is Daımon Safe to Use?
Each Community Treasury is collectively governed and administrated by its Community, allowing investors to enable or disable the tradable assets and executable strategies of the Treasury according to their risk profile. Agreements are enforced through smart contract-based rulesets, ensuring that managers stick to the Treasury's mandate.
❓What Are the Benefits of Hodling TAILS?
Holding the TAILS Utility Token allows members of the Daımon Community to signal their feelings or intent on any issue, vote on all aspects concerning the improvement of the Daımon protocol, delegate and distribute protocol powers and rewards and earn passive income through the redistribution of TAILS from the protocol's streaming fees.
# T\&Cs
Terms and conditions of the protocol.
Effective Date: March 21, 2023
## 1. Welcome to Daimon.Finance
Daimon.finance is brought to you by Daimon Labs Ltd. (“Daimon Labs”) and its affiliates (collectively, “we,” “us,” or “our”) committed to creating open-source software that empowers users' financial, social and cultural independence. Daimon.finance provides information and resources about the fundamentals of the decentralized non-custodial liquidity protocol called the Daimon Protocol (the “Daimon Protocol” or “Protocol”). Daimon.finance is not one of the available access points to the Daimon Protocol.
ARBITRATION NOTICE: THESE TERMS (“TERMS”) CONTAIN AN ARBITRATION CLAUSE BELOW. EXCEPT FOR CERTAIN TYPES OF DISPUTES MENTIONED IN THAT ARBITRATION CLAUSE, YOU AND WE AGREE THAT ANY DISPUTES RELATING TO THE SERVICES (AS DEFINED BELOW) WILL BE RESOLVED BY MANDATORY BINDING ARBITRATION, AND YOU WAIVE ANY RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS-ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.**You are entering into a binding Agreement.** BY ACCESSING OR USING OUR SERVICES, WHICH INCLUDE OUR VARIOUS WEBSITES, INCLUDING, WITHOUT LIMITATION, DAIMON.FINANCE (AND ANY RESPECTIVE SUBDOMAINS); APPLICATIONS (COLLECTIVELY WITH ANY MATERIALS AND SERVICES AVAILABLE THEREIN, AND SUCCESSOR WEBSITE(S) OR APPLICATION(S) THERETO, THE “SITE”), AND OTHER SERVICES THAT LINK TO THESE TERMS, AS WELL AS ANY INFORMATION, TEXT, LINKS, GRAPHICS, PHOTOS, AUDIO, VIDEO, OR OTHER MATERIALS STORED, RETRIEVED OR APPEARING THEREON, WHETHER ACCESSED THROUGH THE SITE OR OTHERWISE (COLLECTIVELY, THE “SERVICES”), YOU ARE ENTERING INTO A BINDING AGREEMENT WITH US THAT INCLUDES THESE TERMS, DAIMON.FINANCE - PRIVACY POLICY ([FOUND HERE](/extras/privacy-policy)), AND OTHER POLICIES REFERENCED HEREIN (COLLECTIVELY, THE “AGREEMENT”).To the extent that there is a conflict between these Terms and any applicable additional terms, these Terms will control unless expressly stated otherwise. If you don't agree with these Terms, you may not use the Services and should not visit the Site or otherwise engage with the Services.
Use of the Services
To use the Services, you must legally be able to enter into the Agreement. By using the Services, you represent and warrant that you meet the eligibility requirement. If you do not meet the requirement, you must not access or use the Site or the Services.
We may update the Services and the Terms.
We may update the Services, the Agreement, and any part of the Terms at any time, for any reason, at our sole discretion. Once any part of the Agreement is updated and in effect, you will be bound by the Terms if you continue to use the Services, including by accessing the Site. We may, at any time, and without liability to you, modify or discontinue all or part of the Services (including access to the Services via any third-party links). You may contact us with questions about your use of the Services at . When you communicate with us electronically, you consent to receive communications from us electronically. You should review the Terms from time to time to ensure that you understand the terms and conditions that apply to you when you access or use the Site.
## 2.Services
**Daimon.finance is provided as an informational resource.** Daimon.finance provides resources about the fundamentals of the Daimon Protocol, which is a fully decentralized, community governed protocol deployed on multiple blockchain networks and systems, and provides information about the wider Daimon ecosystem, governance, community, and various interfaces and integrations to the Daimon Protocol. All information provided in connection with your access and use of the Site and the Services is for informational purposes only. You should not take, or refrain from taking, any action based on any information contained on the Site or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions involving the Services, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. The Services provide, or third parties may provide, links to other sites, applications, or resources. You acknowledge and agree that we are not responsible for the availability of such external sites, applications or resources, and do not endorse and are not responsible or liable for any content, advertising, products, or other materials on or available from such sites or resources. You further acknowledge and agree that we will not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods, or services available on or through any such site or resource. Because the Site provides information about the Daimon Protocol, these Terms also provide some information about the use of the Protocol. This information is not intended to be comprehensive or address all aspects of the Protocol. There is additional documentation on the Site about the functioning of the Protocol or its ecosystem or community.
We are software developers in the Daimon Protocol ecosystem.
It is important to understand that neither we nor any affiliated entity is a party to any transaction on the blockchain networks underlying the Daimon Protocol; we do not have possession, custody or control over any cryptoassets appearing on the Services; and we do not have possession, custody, or control over any user’s funds. Further, we do not store, send, or receive any cryptoassets. You understand that when you interact with any Daimon Protocol smart contracts, you retain control over your cryptoassets at all times. The private key associated with the wallet address from which you transfer cryptoassets or the private key associated is the only private key that can control the cryptoassets you transfer into the smart contracts. You alone are responsible for securing your private keys. We do not have access to your private keys. Due to the non-custodial and decentralized nature of the technology, we are not intermediaries, agents, advisors, or custodians, and we do not have a fiduciary relationship or obligation to you regarding any other decisions or activities that you affect when using our Services. You acknowledge that we, for the avoidance of doubt, do not have any information regarding any users, users’ identities, or services beyond what is available or obtainable publicly via the blockchain. We are not responsible for any activities you engage in when using Services, and you should understand the risks associated with cryptoassets, blockchain technology generally, and our Services.
The Daimon Protocol is deployed on multiple blockchain-based networks, and we are not responsible for the operation of such networks.
The software underlying blockchain networks on which the Daimon Protocol is deployed, including, for example, the Ethereum blockchain, is open source, which means that anyone can use, utilize, and build on top of it. By using the Services, you acknowledge and agree (i) that we are not responsible for the operation of the blockchain-based software and networks underlying the Daimon Protocol, (ii) that there exists no guarantee of the functionality, security, or availability of that software and networks, and (iii) that the underlying blockchain-based networks are subject to sudden changes in operating rules, such as those commonly referred to as “forks”.
Transactions on the blockchain are not anonymous.
A widespread belief is that transactions involving blockchains are anonymous. In fact, a central feature of blockchains and thus, blockchain-based transactions, are that they are transparent. Your public key and your wallet address, which you need to buy or sell items on the blockchain, are visible to anyone. To the extent your public key or wallet address can be linked back to you, it would be possible for someone to determine your identity and the cryptoassets you own.
There may be associated blockchain fees.
All transactions using blockchains require the payment of gas fees, which are essentially transaction fees paid on every transaction that occurs on the selected blockchain network. Please note that gas fees are non-refundable. We do not provide any services to users or deliver, hold, and/or receive payment for cryptoassets. We do not receive any fees for any transactions, the Services, or the Site.
Daimon Ecosystem and Community contributors are independent.
All community contributors to the ecosystem around the Daimon Protocol are independent of us, and we will not have and do not assume any liability or responsibility for their actions or omissions.
## 3.Assumption of Risk
You assume the risks of engaging in transactions that rely on smart contracts and other experimental technology.Transactions on the Daimon Protocol rely on smart contracts stored on various blockchains, cryptographic tokens generated by the smart contracts, and other nascent software, applications and systems that interact with blockchain-based networks. These technologies are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of cryptoassets, their market value, or digital funds. You are solely responsible for the safekeeping of the private key associated with the blockchain address used to interact with the Protocol. We assume no liability or responsibility for any such risks. If you are not comfortable assuming these risks, you should not access or engage in transactions using blockchain-based technology. One of the other defining features of blockchain technology is that its entries are immutable, which means, as a technical matter, they generally cannot be deleted or modified by anyone. This includes smart contracts and cryptoassets generated and programmed by smart contracts. THUS, TRANSACTIONS RECORDED ON THE BLOCKCHAIN, INCLUDING TRANSFERS OF CRYPTOASSETS AND DATA PROGRAMMED INTO THESE ASSETS (SUCH AS REVENUE AND INTEREST ALLOCATIONS), MUST BE TREATED AS PERMANENT AND CANNOT BE UNDONE BY US OR BY ANYONE. YOU MUST BE VERY CAREFUL WHEN YOU FINALIZE ANY TRANSACTION THAT WILL BE RECORDED ON THE BLOCKCHAIN. We are not liable for any third-party services or links.We are not responsible for the content or services of any third-party, including, without limitation, any network, or apps like Discord, or MetaMask, and we make no representations regarding the content or accuracy of any third-party services or materials. The user interface available at app.aave.com is hosted on a third-party service -- IPFS -- and can only be accessed through this third party's website. We are not responsible for any action or omission taken by IPFS as it pertains to the user interface or otherwise. The use and access of any third-party products or services, including through the Services, is at your own risk. **You agree to the automated collection and disbursement of proceeds by smart contracts. You acknowledge and agree that all transactions accessed through the Services will be automatically processed using one or more blockchain-based smart contracts. By engaging in transactions using the Services, you acknowledge and consent to the automatic processing of all transactions in connection with using the Services. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of cryptoassets are distributed.You acknowledge the risks of using the Services.You bear sole responsibility for evaluating the Services before using them, and all transactions accessed through the Services are irreversible, final, and without refunds. The Services may be disabled, disrupted or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify you of all of the potential risks of using and accessing our Services. You agree to (defined below) accept these risks and agree that you will not seek to hold any Daimon Labs Ltd. Indemnified Party responsible for any consequent losses.You are solely responsible for the security of your wallet.**You understand and agree that you are solely responsible for maintaining the security of your wallet. Any unauthorized access to your wallet by third parties could result in the loss or theft of any cryptoasset, or any funds held in your account and any associated accounts. You understand and agree that we have no involvement in, and you will not hold us responsible for managing and maintaining the security of your wallet. You further understand and agree that we are not responsible, and you will not hold us accountable, for any unauthorized access to your wallet. It is your responsibility to monitor your wallet.**We reserve the right to restrict your access from engaging with the Services.**You agree that we have the right to restrict your access to the Services via any technically available methods if we suspect, in our sole discretion, that (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged in fraudulent activity; (c) you have acquired cryptoassets using inappropriate methods, including the use of stolen funds to purchase such assets; (d) you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or any other legal or regulatory authority in any applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed on the Specially Designated Nationals and Blocked Persons List (“SDN List”), Consolidated Sanctions List (“Non-SDN Lists), or any other sanctions lists administered by OFAC; (g) you are not of legal age in the jurisdiction in which you reside, and you do not have the legal capacity to enter into these Terms and be bound by them; or (h) you have otherwise acted in violation of these Terms. Daimon Labs does not allow residents or individuals located, resident or entities organised under the laws of the following countries or territories to access the platform's services, including but not limited to: Côte d’Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, and Syria. If we have a reasonable suspicion that you are utilizing the Site for illegal purposes, we reserve the right to take whatever action we deem appropriate. **We do not guarantee the quality or accessibility of the Services.** As a condition to accessing or using the Services or the Site, you acknowledge, understand, and agree that from time to time, the Site and the Services may be inaccessible or inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance procedures or repairs, causes beyond our control or that we could not reasonably foresee, disruptions and temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of third-party service providers or external partners for any reason. You acknowledge and agree that you will access and use the Services, including, without limitation, the Site at your own risk. You should not engage in blockchain-based transactions unless it is suitable given your circumstances and financial resources. By using the Services, you represent that you have been, are and will be solely responsible for conducting your own due diligence into the risks of a transaction and the underlying smart contracts and cryptoassets.
## 4. Taxes
**You are responsible for your taxes and duties.** Users bear sole responsibility for paying any and all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the Services, and/or payable as the result of using and/or exploiting any cryptoassets and interacting with smart contracts. Blockchain-based transactions are novel, and their tax treatment is uncertain.
## 5. The Services
**We grant you a license to use our Services.** Contingent upon your ongoing compliance with the Agreement, we grant you a personal, worldwide, revocable, non-exclusive and non-assignable license to use the software provided to you as part of our Services. The only purpose of this license is to allow you to use and enjoy the Services solely as permitted by these Terms. **We own all rights in the Services.** We own any and all right, title, and interest in and to the Services including, without limitation, any and all copyrights in and to any content, code, data, or other materials that you may access or use on or through the Services; however, the code for the Daimon Protocol and the front-end interface (dapp.daimon.finance) deployed on IPFS is open-sourced. Except as expressly set forth herein, your use of or access to the Services does not grant you any ownership or other rights therein. **We may use and share your feedback.** Any comments, bug reports, ideas, or other feedback that you may provide about our Services, including suggestions about how we might improve our Services, are entirely voluntary. You agree that we are free to use or not use any feedback that we receive from you as we see fit, including copying and sharing such feedback with third parties, without any obligation to you.
## 6. Prohibited Content
You may only use the Services if you comply with this Agreement (including, without limitation, these Terms), applicable third-party policies, and all applicable laws, rules, regulations and related guidance.The following conduct is prohibited:
* using the Services for, or to promote or facilitate, illegal activity (including, without limitation, money laundering, financing terrorism, tax evasion, buying or selling illegal drugs, contraband, counterfeit goods, or illegal weapons);
* exploiting the Services for any unauthorized commercial purpose;
* uploading or transmitting viruses, worms, Trojan horses, time bombs, cancel bots, spiders, malware or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Services;
* attempting to or actually copying or making unauthorized use of all or any portion of the Services, including by attempting to reverse compile, reformatting or framing, disassemble, reverse engineer any part of the Services;
* harvesting or otherwise collecting information from the Services for any unauthorized purpose;
* using the Services under false or fraudulent pretenses or otherwise being deceitful;
* interfering with other users’ access to or use of the Services;
* interfering with or circumventing of the security features of the Services or any third party’s systems, networks or resources used in the provision of Services;
* engaging in any attack, hack, denial-of-service attack, interference, or exploit of any smart contract in connection with use of the Service (and operations performed by a user that are technically permitted by a smart contract may nevertheless be a violation of our Agreement, including these Terms, and the law); or
* engaging in any anticompetitive behavior or other misconduct.
**Violating our rules may result in our intervention.** You agree and acknowledge that if you use the Services to engage in conduct prohibited by applicable law, permanently reserve the right to completely or partially restrict or revoke your access to the Services, either completely or for a period of time, at our sole discretion. We reserve the right to amend, rectify, edit, or otherwise alter transaction data to remediate or mitigate any damage caused either to us or to any other person as a result of a user’s violation of this Agreement or applicable law. **We reserve the right to investigate violations.** We reserve the right to investigate and prosecute any suspected breaches of this Agreement, including the Terms. We may disclose any information as necessary to satisfy any law, regulation, legal process, or governmental request.
## 7. Disclaimers and Limitations of Liability
**We make no representations or warranties.** THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE AND OUR PARENTS, SUBSIDIARIES, AFFILIATES, RELATED COMPANIES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, PARTNERS, AND LICENSORS (COLLECTIVELY, THE “DAIMON LABS INDEMNIFIED PARTIES”) MAKE NO GUARANTEES OF ANY KIND IN CONNECTION WITH THE SERVICES. TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE DAIMON LABS INDEMNIFIED PARTIES DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT AND DISCLAIM ALL RESPONSIBILITY AND LIABILITY FOR:
* THE SERVICES BEING ACCURATE, COMPLETE, CURRENT, RELIABLE, UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE. INFORMATION (INCLUDING, WITHOUT LIMITATION, THE VALUE OR OUTCOME OF ANY TRANSACTION) AVAILABLE THROUGH THE SERVICE IS PROVIDED FOR GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON OR USED AS THE SOLE BASIS FOR MAKING DECISIONS. ANY RELIANCE ON THE SERVICES IS AT YOUR OWN RISK.
* INJURY OR DAMAGE RESULTING FROM THE SERVICES. FOR EXAMPLE, YOU EXPRESSLY ACKNOWLEDGE, UNDERSTAND, AND AGREE THAT THE SERVICES MAY CONTAIN AUDIO-VISUAL EFFECTS, STROBE LIGHTS OR OTHER MATERIALS THAT MAY AFFECT YOUR PHYSICAL SENSES AND/OR PHYSICAL CONDITION. FURTHER, YOU EXPRESSLY ACKNOWLEDGE THAT THE AVARA UI LABS INDEMNIFIED PARTIES ARE NOT RESPONSIBLE FOR LOSS OR DAMAGE CAUSED BY ANOTHER USER’S CONDUCT, UNAUTHORIZED ACTORS, OR ANY UNAUTHORIZED ACCESS TO OR USE OF THE SERVICES.
* VIRUSES, WORMS, TROJAN HORSES, TIME BOMBS, CANCEL BOTS, SPIDERS, MALWARE OR OTHER TYPE OF MALICIOUS CODE THAT MAY BE USED IN ANY WAY TO AFFECT THE FUNCTIONALITY OR OPERATION OF THE SERVICES.
**Limitation of Liability.** TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY AVARA UI LABS INDEMNIFIED PARTY BE LIABLE TO YOU FOR ANY LOSS, DAMAGE, OR INJURY OF ANY KIND INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, CONSEQUENTIAL, OR PUNITIVE LOSSES OR DAMAGES, OR DAMAGES FOR SYSTEM FAILURE OR MALFUNCTION OR LOSS OF PROFITS, DATA, USE, BUSINESS OR GOOD-WILL OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN CONNECTION WITH: (A) THE SERVICES OR YOUR INABILITY TO USE OR ACCESS THE SERVICES; (B) MISUSE OF THE SERVICES (INCLUDING WITHOUT LIMITATION, UNAUTHORIZED ACCESS OF THE SERVICES); (C) ANY USER CONDUCT ON THE SERVICES; OR (D) TERMINATION, SUSPENSION OR RESTRICTION OF ACCESS TO ANY THE SERVICES.IN ADDITION TO THE FOREGOING, NO DAIMON LABS INDEMNIFIED PARTY SHALL BE LIABLE FOR ANY DAMAGES CAUSED IN WHOLE OR IN PART BY: (A) USER ERROR, SUCH AS FORGOTTEN PASSWORDS OR INCORRECTLY CONSTRUCTED SMART CONTRACTS OR OTHER TRANSACTIONS; (B) SERVER FAILURE OR DATA LOSS; (C) THE MALFUNCTION, UNEXPECTED FUNCTION OR UNINTENDED FUNCTION OF THE BLOCKCHAIN, ANY COMPUTER OR CRYPTOASSET NETWORK (INCLUDING ANY WALLET PROVIDER), INCLUDING WITHOUT LIMITATION LOSSES ASSOCIATED WITH NETWORK FORKS, REPLAY ATTACKS, DOUBLE-SPEND ATTACKS, SYBIL ATTACKS, 51% ATTACKS, GOVERNANCE DISPUTES, MINING DIFFICULTY, CHANGES IN CRYPTOGRAPHY OR CONSENSUS RULES, HACKING, OR CYBERSECURITY BREACHES; (D) ANY CHANGE IN VALUE OF ANY CRYPTOASSET; (E) ANY CHANGE IN LAW, REGULATION, OR POLICY; (VI) EVENTS OF FORCE MAJEURE; OR (F) ANY THIRD PARTY. THIS LIMITATION OF LIABILITY IS INTENDED TO APPLY WITHOUT REGARD TO WHETHER OTHER PROVISIONS OF THESE TERMS HAVE BEEN BREACHED OR HAVE PROVEN INEFFECTIVE. THE LIMITATIONS SET FORTH IN THIS SECTION SHALL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER THE ASSERTED LIABILITY OR DAMAGES ARE BASED ON CONTRACT, INDEMNIFICATION, TORT, STRICT LIABILITY, STATUTE, OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT THE AVARA UI LABS INDEMNIFIED PARTIES HAVE BEEN INFORMED OF THE POSSIBILITY OF ANY SUCH DAMAGE. IN NO EVENT WILL THE AVARA UI LABS INDEMNIFIED PARTIES’ CUMULATIVE LIABILITY TO YOU OR ANY OTHER USER, FROM ALL CAUSES OF ACTION AND ALL THEORIES OF LIABILITY EXCEED ONE THOUSAND U.S. DOLLARS (U.S. $1,000.00). UNDER NO CIRCUMSTANCES SHALL ANY DAIMON LABS INDEMNIFIED PARTY BE REQUIRED TO DELIVER TO YOU ANY VIRTUAL CURRENCY AS DAMAGES, MAKE SPECIFIC PERFORMANCE, OR ANY OTHER REMEDY. IF YOU WOULD BASE YOUR CALCULATIONS OF DAMAGES IN ANY WAY ON THE VALUE OF VIRTUAL CURRENCY, YOU AND WE AGREE THAT THE CALCULATION SHALL BE BASED ON THE LOWEST VALUE OF THE VIRTUAL CURRENCY DURING THE PERIOD BETWEEN THE ACCRUAL OF THE CLAIM AND THE AWARD OF DAMAGES. Some jurisdictions do not allow the exclusion or limitation of certain warranties and liabilities provided in this section; accordingly, some of the above limitations and disclaimers may not apply to you. To the extent applicable law does not permit Daimon Labs Indemnified Parties to disclaim certain warranties or limit certain liabilities, the extent of Daimon Labs Indemnified Parties’ liability and the scope of any such warranties will be as permitted under applicable law.
## 8. Indemnification
You agree to indemnify, defend, and hold harmless the Avara UI Labs Indemnified Parties from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of: (a) your breach or alleged breach of the Agreement (including, without limitation, these Terms); (b) anything you contribute to the Services; (c) your misuse of the Services, or any smart contract and/or script related thereto; (d) your violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental or quasi-governmental authorities; (e) your violation of the rights of any third party, including any intellectual property right, publicity, confidentiality, property, or privacy right; (f) your use of a third-party product, service, and/or website; or (g) any misrepresentation made by you. We reserve the right to assume, at your expense, the exclusive defense and control of any matter subject to indemnification by you. You agree to cooperate with our defense of any claim. You will not in any event settle any claim without our prior written consent.
## 9. Arbitration Agreement and Waiver of Rights, Including Class Actions.
PLEASE READ THIS SECTION CAREFULLY: IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS. IT CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER. Agreement to Attempt to Resolve Disputes Through Good Faith NegotiationsPrior to commencing any legal proceeding against us of any kind, including an arbitration as set forth below, you and we agree that we will attempt to resolve any dispute, claim, or controversy between us arising out of or relating to the agreement or the Services (each, a “Dispute” and, collectively, “Disputes”) by engaging in good faith negotiations. Such good faith negotiations require, at a minimum, that the aggrieved party provide a written notice to the other party specifying the nature and details of the Dispute. The party receiving such notice shall have thirty (30) days to respond to the notice. Within sixty (60) days after the aggrieved party sent the initial notice, the parties shall meet and confer in good faith by videoconference, or by telephone, to try to resolve the Dispute. If the parties are unable to resolve the Dispute within ninety (90) days after the aggrieved party sent the initial notice, the parties may agree to mediate their Dispute, or either party may submit the Dispute to arbitration as set forth below. Agreement to ArbitrateYou and we agree that any Dispute that cannot be resolved through the procedures set forth above will be resolved through binding arbitration in accordance with the International Arbitration Rules of the International Centre for Dispute Resolution. The place of arbitration shall be the United Kingdom. The language of the arbitration shall be English. The arbitrator(s) shall have experience adjudicating matters involving Internet technology, software applications, financial transactions and, ideally, blockchain technology. The arbitrator’s award of damages must be consistent with the terms of the “Limitation of Liability” subsection of these Terms as to the types and amounts of damages for which a party may be held liable. The prevailing party will be entitled to an award of their reasonable attorney’s fees and costs. Except as may be required by law, neither a party nor its representatives may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of (all/both) parties. UNLESS YOU TIMELY PROVIDE US WITH AN ARBITRATION OPT-OUT NOTICE (AS DEFINED BELOW IN THE SUBSECTION TITLED “YOUR CHOICES”), YOU ACKNOWLEDGE AND AGREE THAT YOU AND WE ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING. FURTHER, UNLESS BOTH YOU AND WE OTHERWISE AGREE IN WRITING, THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON’S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF ANY CLASS OR REPRESENTATIVE PROCEEDING.ChangesBy rejecting any changes to these Terms, you agree that you will arbitrate any Dispute between you and us in accordance with the provisions of this section as of the date you first accepted these Terms (or accepted any subsequent changes to these Terms).
## 10. Waiver of Injunctive or Other Equitable Relief.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE THAT YOU WILL NOT BE PERMITTED TO OBTAIN AN INJUNCTION OR OTHER EQUITABLE RELIEF OF ANY KIND, SUCH AS ANY COURT OR OTHER ACTION THAT MAY INTERFERE WITH OR PREVENT THE DEVELOPMENT OR EXPLOITATION OF THE SERVICES, OR ANY OTHER WEBSITE, APPLICATION, CONTENT, SUBMISSION, PRODUCT, SERVICE, OR INTELLECTUAL PROPERTY OWNED, LICENSED, USED OR CONTROLLED BY ANY DAIMON LABS INDEMNIFIED PARTY.
## 11. Termination; Cancellation
This Agreement is effective unless and until terminated by either you or us. You may terminate your Agreement with us at any time by ceasing all access to the Site or the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with any term or provision of the Agreement (including without limitation any provision of these Terms), we reserve the right to terminate our Agreement with you and deny you access to the Services. We further reserve the right to restrict your access to the Site or to stop providing you with all or a part of the Services at any time and for no reason, including, without limitation, if we reasonably believe: (a) your use of the Services exposes us to risk or liability; (b) you are using the Services for unlawful purposes; or (c) it is not commercially viable to continue providing you with our Services. All of these are in addition to any other rights and remedies that may be available to us, whether in equity or at law, all of which we expressly reserve. WE RESERVE THE RIGHT TO MODIFY THE SERVICES AT ANY TIME, BUT WE HAVE NO OBLIGATION TO UPDATE THE SERVICES. YOU AGREE THAT IT IS YOUR RESPONSIBILITY TO MONITOR CHANGES TO THE SERVICES THAT MAY AFFECT YOU. YOU AGREE THAT WE MAY REMOVE THE SERVICES AND/OR ANY CONTENT THEREON FOR INDEFINITE PERIODS OF TIME OR CANCEL THE SERVICES AT ANY TIME, WITHOUT NOTICE TO YOU.
## 12. Severability
If any provision of the Agreement (including, without limitation, these Terms) is determined to be unlawful, void, or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from the Agreement. Such determination shall not affect the validity and enforceability of any other remaining provisions.
## 13. Assignment
The Agreement (including, without limitation, these Terms) may be assigned without your prior consent to any Daimon Labs Indemnified Party, or to its successors in the interest of any business associated with the Services provided by us. You may not assign or transfer any rights or obligations under the Agreement without our prior written consent.
## 14. Entire Agreement
The Agreement (including, without limitation, these Terms, and the Daimon Labs Privacy Policy) and any policies or operating rules posted by us on the Services constitute the entire agreement and understanding between you and us and govern your use of the Services, superseding any prior or contemporaneous agreements, communications, and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of these Terms). Any failure by us to exercise or enforce any right or provision of the Agreement (including, without limitation, these Terms) shall not constitute a waiver of such right or provision.
## 15. Governing Law
These Terms and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of the United Kingdom.
# Privacy Policy
Learn more about your privacy.
Effective Date: March 21, 2023
## 1. Introduction and Overview.
This Privacy Policy (the “Privacy Policy”) provides a comprehensive description of how Daimon Labs Ltd. (“Daimon Labs,” “we,” “our,” or “us”) collects, uses, and shares information about you in connection with the website at (the “Site”), as well as your rights and choices regarding such information. These terms apply to the Site and any other online location that links to this Privacy Policy (collectively, the “Services”). By accessing or using the Site, you agree to our Terms of Service (the “Terms”) and understand that the Terms represent a binding agreement between you and us. By using the Services, you also agree to our collection, use, and disclosure practices, as well as any other activities described in this Privacy Policy. If you do not agree with the terms of this Privacy Policy, you should immediately discontinue the use of the Services and refrain from accessing the Site. If you have any questions or wish to exercise your rights and choices, please contact us at the email or portal address set forth in the “Contact Us” section below. If you are a data subject in the European Economic Area, the United Kingdom, or a resident of Canada, please see the additional disclosures at the end of this Privacy Policy.
## 2. Changes to Privacy Policy.
We reserve the right to revise and reissue this Privacy Policy at any time. Any changes will be effective immediately upon our posting of the revised Privacy Policy. For the avoidance of doubt, your continued use of the Services indicates your consent to the revised Privacy Policy then posted.
## 3. Information Collection.
A. Information You Provide.
We may collect the following information about you when you use the Services:
* **Content,** within any messages you send to us (such as feedback and questions to information support).
You may choose to voluntarily provide other information to us that we have not solicited from you, and, in such instances, you are solely responsible for such information.
B. Information Collected Automatically.
Although at this time we do not automatically collect information from you when you access the Daimon Labs Services, it is possible that we may in the future. We would utilize this information to operate and ensure the security, reliability, and robust performance of our Services. We may also use tracking technologies to automatically collect information including the following
* **Log Files,** which are files that record events that occur in connection with your use of the Avara UI Labs Services. Log files are created when you view content or otherwise interact with the Services.
* **Cookies,** which are small data files stored on your device that act as a unique tag to identify your browser. We will only use strictly necessary cookies in connection with the Site and Services. For the avoidance of doubt, the cookies that we include are essential for you to browse the Site and use its features, including accessing secure areas of the Site.
For further information on how we use tracking technologies for analytics, and your rights and choices regarding them, please see the “Analytics” and “Your Rights and Choices” sections below.
## 4. Use of Information.
We do not anticipate using, but we may collect and use, information for business purposes in accordance with the practices described in this Privacy Policy. Our business purposes for collecting and using information include:
* Operating and managing the Services; performing services requested by you, such as responding to your comments, questions, and requests, and providing information support; sending you technical notices, updates, security alerts, information regarding changes to our policies, and support and administrative messages; detecting, preventing, and addressing fraud, breach of Terms, and threats, or harm; and compliance with legal and regulatory requirements.
* Protecting the security and integrity of the Services; improving the Services and other websites, apps, products and services; conducting promotions, such as hack-a-thons, including to verify your eligibility and deliver prizes in connection with your entries; and fulfilling any other business purpose, with notice to you and your consent.
Notwithstanding the above, we may use information that does not identify you (including information that has been aggregated or de-identified) for any purpose except as prohibited by applicable law. For information on your rights and choices with respect to how we use information about you, please see the “Your Rights and Choices” section below.
## 5. Sharing and Disclosure of Information.
If share or disclose information that we collect, we do so in accordance with the practices described in this Privacy Policy. The categories of parties with whom we may share information include:
* **Affiliates.** We share information with our affiliates and related entities, including where they act as our service providers or for their own internal purposes.
* **Service Providers.** We share information with third-party service providers for business purposes, including fraud detection and prevention, security threat detection, payment processing, customer support, data analytics, information technology, storage, and transaction monitoring. Any information shared with such service providers is subject to the terms of this Privacy Policy. All service providers that we engage with are restricted to only utilizing the information on our behalf and in accordance with our instructions.
* **Professional Advisors.** We share information with our professional advisors for purposes of audits and compliance with our legal obligations.
* **Merger or Acquisition.** We share information in connection with, or during negotiations of, any proposed or actual merger, purchase, sale or any other type of acquisition or business combination of all or any portion of our assets, or transfer of all or a portion of our business to another business.
* **Security and Compelled Disclosure.** We share information to comply with the law or other legal process, and where required, in response to lawful requests by public authorities, including to meet national security or law enforcement requirements.
* **Facilitating Requests.** We may share information about you at your request or direction.
* **Consent.** We may share information about you with your consent.
Notwithstanding the above, we may share information that does not identify you (including information that has been aggregated or de-identified) except as prohibited by applicable law. For information on your rights and choices regarding how we share information about you, please see the “Your Rights and Choices” section below.
## 6. Other Parties.
We may integrate technologies operated or controlled by other parties into parts of the Services. For example, the Services may include links that hyperlink to websites, platforms, and other services not operated or controlled by us. Please note that when you interact with other parties, including when you leave the Site, those parties may independently collect information about you and solicit information from you. The information collected and stored by those parties remains subject to their own policies and practices, including what information they share with us, your rights and choices on their services and devices, and whether they store information in the U.S. or elsewhere. We encourage you to familiarize yourself with and consult their privacy policies and terms of use.
## 7. Analytics.
We do not use analytics services for this Site.
## 8. Your Rights and Choices.
* **Cookies.** We will only use strictly necessary cookies. These cookies are essential for you to browse the Site and use its features, including accessing secure areas of the Site
* **Do Not Track.** Your browser settings may allow you to automatically transmit a “Do Not Track” signal to the online services you visit. Note, however, there is no industry consensus as to what site and app operators should do with regard to these signals. Accordingly, unless and until the law is interpreted to require us to do so, we do not monitor or take action with respect to “Do Not Track” signals. For more information on “Do Not Track,” visit .
Please be aware that if you disable or remove tracking technologies some parts of the Daimon Labs Services may not function correctly.
## 9. Data Security.
We implement and maintain reasonable administrative, physical, and technical security safeguards to help protect information about you from loss, theft, misuse, unauthorized access, disclosure, alteration, and destruction. Nevertheless, transmission via the internet is not completely secure and we cannot guarantee the security of information about you.
## 10. International Transfer.
Please be aware that information collected through the Services may be transferred to, processed, stored, and used in the European Economic Area, the United Kingdom, and other jurisdictions. Data protection laws in the EU and other jurisdictions may be different from those of your country of residence. Your use of the Services or provision of any information therefore constitutes your consent to the transfer to and from, processing, usage, sharing, and storage of information about you in the EU and other jurisdictions as set out in this Privacy Policy.
## 11. Children.
The Services are intended for general audiences and are not directed at children. To use the Services, you must legally be able to enter into the Agreement. We do not knowingly collect personal information (as defined by the U.S. Children’s Privacy Protection Act, or “COPPA”) from children. If you are a parent or guardian and believe we have collected personal information in violation of COPPA, please contact us at and we will remove the personal information in accordance with COPPA.
## 12. Contact Us.
If you have any questions or comments about this Privacy Policy, our data practices, or our compliance with applicable law, please contact us: By email: ; By mail: Daimon Labs Ltd. PO Box 4385, 14094640: COMPANIES HOUSE DEFAULT ADDRESS CF14 8LH, Cardiff, United Kingdom. This Privacy Policy has been designed to be accessible to people with disabilities. If you experience any difficulties accessing the information here, please contact us at .
## 13. Additional Disclosures for Data Subjects in the European Economic Area and the United Kingdom.
A. Roles.
The General Data Protection Regulations in the European Economic Area and the United Kingdom (“GDPR”) distinguish between organizations that process personal data for their own purposes (known as “controllers”) and organizations that process personal data on behalf of other organizations (known as “processors”). We act as a controller with respect to personal data collected as you interact with the Services.
B. Lawful Basis for Processing.
The GDPR requires a “lawful basis” for processing personal data. Our lawful bases include where: (i) you have given consent to the processing for one or more specific purposes, either to us or to our service providers or partners; (ii) processing is necessary for the performance of a contract with you; (iii) processing is necessary for compliance with a legal obligation; or (iv) processing is necessary for the purposes of the legitimate interests pursued by us or a third party, and your interests and fundamental rights and freedoms do not override those interests. Where applicable, we will transfer your personal data to third parties subject to appropriate or suitable safeguards, such as standard contractual clauses.
C. Your Data Subject Rights
If you are a user in the European Economic Area or the United Kingdom, you maintain certain rights under the GDPR. These rights include the right to (i) request access and obtain a copy of your personal data; (ii) request rectification or erasure of your personal data; (iii) object to or restrict the processing of your personal data; and (iv) request portability of your personal data. Additionally, if we have collected and processed your personal data with your consent, you have the right to withdraw your consent at any time. Notwithstanding the foregoing, we cannot edit or delete information that is stored on a particular blockchain. This information may include transaction data (i.e., purchases, sales, and transfers) related to your blockchain wallet address and any NFTs held by your wallet address. To exercise any of these rights, please contact us via our email or postal address listed in the “Contact Us” section above and specify which right you are seeking to exercise. We will respond to your request within thirty (30) days. We may require specific information from you to help us confirm your identity and process your request. Please note that we retain information as necessary to fulfill the purpose for which it was collected and may continue to retain and use information even after a data subject request in accordance with our legitimate interests, including as necessary to comply with our legal obligations, resolve disputes, prevent fraud, and enforce our agreements. If you have any issues with our compliance, please contact us as set out in the “Contact Us” section above. You also reserve the right to lodge a complaint with the data protection regulator in your jurisdiction.
## 14. Additional Disclosures for California Residents.
These additional disclosures apply only to California residents. The California Consumer Privacy Act of 2018 (“CCPA”) provides additional rights to know, delete, and opt-out, and requires businesses collecting or disclosing personal information to provide notices and the means to exercise consumer rights.
A. Notice of Collection.
We collect the following categories of personal information enumerated in the CCPA
* **Internet activity –** including information on visitors to the Site and their interactions with the Daimon Labs Services.
* **Geolocation data** of Site visitors.
For further details on the information we may collect, including the sources from which we receive information, review the “Information Collection” section above. We may collect and use these categories of personal information for the business purposes described in the “Use of Information” section above, including to manage the Services. We do not “sell” personal information as defined under the CCPA. Please review the “Sharing and Disclosure of Information” section above for further details about the categories of parties with whom we share information.
Right to Know and Delete.
You have the right to know certain details about our data practices within the past twelve (12) months. In particular, you may request the following from us
* The categories of personal information we have collected about you.
* The categories of sources from which the personal information was collected;
* The categories of personal information about you we disclosed for a business purpose;
* The categories of third parties to whom the personal information was disclosed for a business purpose;
* The business or commercial purpose for collecting or selling the personal information; and
* The specific pieces of personal information we have collected about you
In addition, you have the right to delete the personal information we have collected from you. To exercise any of these rights, please submit a request by emailing us at . In the request, please specify which right you are seeking to exercise and the scope of the request. We will confirm receipt of your request within ten (10) days. We may require specific information from you to help us verify your identity and process your request. If we are unable to verify your identity, we may deny your requests to know or delete.
C. Authorized Agent.
You may designate an authorized agent to submit requests on your behalf; however, we may require written proof of the agent’s permission to act on your behalf and verify your identity directly
D. Right of Non-Discrimination.
You have a right of non-discrimination for the exercise of any of your privacy rights guaranteed by law, such as the right to access, delete, or opt-out of the sale of your personal information.
