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Experimental Software

openOracle and openPunt are experimental, unaudited software. The protocol is in active development and has not undergone formal security audits. You should assume the smart contracts contain undiscovered vulnerabilities. Do not deposit funds you cannot afford to lose. Participation in experimental DeFi protocols carries extreme risk.

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No Warranty

The openOracle and openPunt smart contracts and associated software are provided “AS IS” and “AS AVAILABLE” without warranty of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, title, or non-infringement. The entire risk as to the quality and performance of the protocol is with you.

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No Fiduciary Duty

Nothing in these terms or your use of the protocol creates any fiduciary relationship between you and the openOracle and openPunt contributors, developers, or any affiliated parties. No party owes you any duty of loyalty, care, or disclosure beyond what is explicitly stated herein. Contributors have no obligation to act in your best interest, provide advice, or prioritize your outcomes over their own. Any information provided in documentation, social channels, or elsewhere is for informational purposes only and does not constitute financial, legal, or investment advice.

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Assumption of Risk

By interacting with openOracle and openPunt smart contracts and the UI, you acknowledge and accept the following risks: Smart contract risk: Despite security efforts, smart contracts may contain bugs, vulnerabilities, or behave unexpectedly. Code is law—transactions are irreversible. Economic mechanism risk: The dispute escalation mechanism involves economic game theory. Participation with poorly chosen parameters (including but not limited to excessive settlementTime, inappropriate callbackGasLimit, insufficient liquidity, or leverage) may result in permanent loss of funds. Oracle manipulation risk: While the protocol is designed to make manipulation costly, sufficiently capitalized adversaries may attempt attacks. No guarantees are made regarding price accuracy or timeliness. Position risk: Leveraged positions can move against you. Liquidation, slippage, delayed match, or a settlement price outside your tolerance can result in partial or total loss of collateral. Blockchain risk: Network congestion, chain reorganizations, hard forks, or protocol-level changes may affect contract behavior. Regulatory risk: The legal status of DeFi protocols varies by jurisdiction and may change. UI Risk: The UI may have bugs, vulnerabilities, or behave unexpectedly. Blockchain transactions are irreversible.

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No Custodial Relationship

openOracle and openPunt are permissionless, non-custodial protocols. No individual, team, or entity:
  • Has custody or control over user funds
  • Can pause, upgrade, or modify deployed contracts
  • Can reverse, cancel, or alter any transaction
  • Provides any form of customer support obligation
You are solely responsible for your private keys, transaction parameters, and interaction decisions.

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Limitation of Liability

To the maximum extent permitted by applicable law, no contributor shall be liable for any damages arising from use of the protocol.

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MIT License

The openOracle, openPunt and UI source code is released under the MIT License. This permissive license grants rights to use, copy, modify, and distribute the software but explicitly provides NO WARRANTY. See the license text in the repository for full terms.

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Your Responsibility

Before participating in any report instance or position, you are responsible for:
  • Auditing the parameter set (settlementTime, callbackGasLimit, multiplier, escalationHalt, leverage, slippage, etc.)
  • Understanding the economic implications of your participation
  • Verifying token contract addresses and their behavior
  • Ensuring sufficient gas and token approvals

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Sanctions & Restricted Jurisdictions

You represent and warrant that you are not:
  • located in, ordinarily resident in, or organized under the laws of any jurisdiction where access to the Interface is prohibited, including jurisdictions subject to comprehensive sanctions or embargoes; and
  • a person or entity that is the target of sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, the United Nations, the European Union, or any other applicable sanctions authority; and
  • owned or controlled (directly or indirectly) by, or acting on behalf of, any such sanctioned person.
You agree not to access or use the Interface if you fall into any of the categories above. We may restrict, block, or suspend access to the Interface at any time to comply with applicable laws or reduce legal or regulatory risk. You further represent and warrant that you are not a resident of, ordinarily resident in, located in, or organized under the laws of any Restricted Jurisdiction, and that you are not accessing or using the Interface on behalf of any person or entity that is. For the purposes of these Terms, “Restricted Jurisdiction” means the United States of America, together with any other state, territory, or jurisdiction that the operators of the Interface may designate as restricted from time to time. You agree not to access or use the Interface from, or while a resident of, any Restricted Jurisdiction. You acknowledge that we may employ technical measures, including IP address–based geographic restrictions, to limit access from Restricted Jurisdictions; that such measures are necessarily imperfect; and that the representations and agreement above apply regardless of whether any such measure operates correctly in any given case.