Terms of Service

Please read these Terms of Service ("Terms," "Terms of Service") carefully before using the https://www.lygos.finance website (the "Site") operated by Lygos Labs Inc. ("Lygos," "us," "we," or "our").

Your access to and use of the Site is conditioned upon your acceptance of and compliance with these Terms. These Terms apply to all visitors, users, and others who wish to access or use the Site. By accessing or using the Site, you agree to be bound by these Terms. If you disagree with any part of the terms, then you do not have permission to access the Site.

1. Use of the Site

The Site is provided for informational purposes only regarding Lygos and its potential services related to Bitcoin-collateralized lending using Discreet Log Contracts (DLCs). You agree to use the Site only for lawful purposes and in a way that does not infringe the rights of, restrict, or inhibit anyone else's use and enjoyment of the Site.

2. Intellectual Property

The Site and its original content, features, and functionality are and will remain the exclusive property of Lygos Labs Inc. and its licensors. The Site is protected by copyright, trademark, and other laws of both the United States and foreign countries. Our trademarks and trade dress may not be used in connection with any product or service without the prior written consent of Lygos Labs Inc.

3. No Financial, Investment, or Legal Advice

The information provided on this Site is for general informational purposes only and does not constitute financial, investment, legal, tax, or other professional advice. Lygos is not a financial advisor, broker, or fiduciary. Decisions based on information contained on the Site are your sole responsibility, and you should consult an appropriate professional for specific advice tailored to your situation.

4. Lygos's Role & Disclaimers Regarding Services

Lygos is developing a technology platform to facilitate Bitcoin-collateralized lending using DLCs. Our role, especially in the initial Minimum Viable Product (MVP) phase, is that of a technology provider, an oracle service provider, and a non-custodial repo agent to facilitate certain transactions under specific, pre-agreed conditions.

No Custody: LYGOS NEVER TAKES CUSTODY OF CLIENT BITCOIN OR OTHER CRYPTOCURRENCY ASSETS IN CONNECTION WITH ITS PROPOSED LENDING FACILITATION SERVICES. Collateral is intended to be secured on the Bitcoin blockchain via DLCs, where control is governed by the DLC's cryptographic terms and oracle attestations.

No Guarantee of Loan: Lygos does not guarantee that any user will be able to obtain a loan or find a counterparty for a loan through its platform or services. We do not act as a lender or borrower ourselves in the primary peer-to-peer transactions we aim to facilitate.

Risks of Cryptocurrency: You acknowledge and agree that transacting with Bitcoin and other cryptocurrencies involves significant risks, including but not limited to price volatility, technological risks, and regulatory uncertainty. Lygos is not responsible for any losses incurred due to such risks.

Oracle Reliance: The functionality of DLCs relies on attestations from an oracle. While Lygos will act as an oracle for its MVP services with a commitment to accuracy and integrity, all oracle services carry inherent risks.

Separate Agreements: Any actual engagement for MVP services or future services will be governed by separate, more detailed agreements (e.g., Master Service Agreement) which will supersede these general website Terms of Service with respect to such services.

5. Participant Requirements

Participation in Lygos is restricted to sophisticated participants seeking to borrow or lend at least USD $50,000. By using the Site and engaging with Lygos's services, you represent and warrant that you meet these requirements and possess the necessary knowledge and experience to understand and evaluate the risks associated with Bitcoin-collateralized lending using Discreet Log Contracts.

6. Links to Other Web Sites

Our Site may contain links to third-party web sites or services that are not owned or controlled by Lygos. Lygos has no control over, and assumes no responsibility for the content, privacy policies, or practices of any third-party web sites or services. We do not warrant the offerings of any of these entities/individuals or their websites. You acknowledge and agree that Lygos shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such third-party web sites or services.

7. Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL LYGOS, NOR ITS DIRECTORS, EMPLOYEES, PARTNERS, AGENTS, SUPPLIERS, OR AFFILIATES, BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES, RESULTING FROM (I) YOUR ACCESS TO OR USE OF OR INABILITY TO ACCESS OR USE THE SITE; (II) ANY CONDUCT OR CONTENT OF ANY THIRD PARTY ON THE SITE; (III) ANY CONTENT OBTAINED FROM THE SITE; AND (IV) UNAUTHORIZED ACCESS, USE, OR ALTERATION OF YOUR TRANSMISSIONS OR CONTENT, WHETHER BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE), OR ANY OTHER LEGAL THEORY, WHETHER OR NOT WE HAVE BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGE, AND EVEN IF A REMEDY SET FORTH HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.

OUR TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING FROM OR RELATING TO THESE TERMS OR YOUR USE OF THE SITE IS LIMITED TO ONE HUNDRED DOLLARS ($100).

8. Indemnification

You agree to defend, indemnify, and hold harmless Lygos Labs Inc. and its licensee and licensors, and their employees, contractors, agents, officers, and directors, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney's fees), resulting from or arising out of a) your use and access of the Site, or b) a breach of these Terms.

9. Age Restriction

The Site is intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use this Site.

10. Governing Law

These Terms shall be governed and construed in accordance with the laws of the State of Delaware, United States, without regard to its conflict of law provisions.

11. Dispute Resolution

Any dispute arising from or relating to the subject matter of these Terms shall be finally settled by arbitration in Wilmington, Delaware, using the English language in accordance with the Arbitration Rules and Procedures of JAMS then in effect, by one commercial arbitrator with substantial experience in resolving intellectual property and commercial contract disputes, who shall be selected from the appropriate list of JAMS arbitrators. Judgment upon the award rendered by such arbitrator may be entered in any court of competent jurisdiction. Notwithstanding the foregoing obligation to arbitrate disputes, each party shall have the right to pursue injunctive or other equitable relief at any time, from any court of competent jurisdiction.

12. Changes to Terms

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material, we will provide at least 30 days' notice prior to any new terms taking effect by updating the "Effective Date" at the top of these Terms. What constitutes a material change will be determined at our sole discretion. By continuing to access or use our Site after any revisions become effective, you agree to be bound by the revised terms.

13. Entire Agreement

These Terms constitute the entire agreement between you and Lygos Labs Inc. regarding your use of the Site and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to the Site.

14. Severability

If any provision of these Terms is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.

15. Contact Us

If you have any questions about these Terms, please contact us:

Lygos Labs Inc.
Email: info@atomic.finance