Disclaimers

Update, Nov 2nd 2023 : DFract Beta Version is being discontinued. No new deposits are accepted. Withdrawals of $USDC.axl will be available by the end of November 2023. Read all the details: https://medium.com/lum-network/sunsetting-the-dfract-protocol-beta-version-a2277bce07fb

🚧 DFract Beta version 🚧

❗This whitepaper describes the V1 version the DFract Protocol, the full version that is envisioned down the road.

For now, DFract is in a Beta version, and will go through many steps before reaching its ultimate version.

In this Beta version, the DFract Protocol will not implement any mechanism to swap back $DFR against any other token. Hence $DFR holders won’t be able to claim back the assets they have provided originally on the application. Moreover, DFract users will only be able to buy $DFR with $USDC directly on the Protocol built on top of the Lum Network.

If you want to read more about the current version, you can head to the Roadmap section.

Services

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Lum Network is not your broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with any decisions or activities affected by you using Lum Network Services. No communication or information provided to you by Lum Network is intended as, or shall be considered or construed as, investment advice, financial advice, trading advice, or any other sort of advice. Unless otherwise specified, protocol actions are executed automatically, based on the parameters of the order instructions and in accordance with operational execution procedures, and you are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you according to your personal investment objectives, financial circumstances and risk tolerance, and you shall be solely responsible for any loss or liability therefrom. You should consult legal or tax professionals regarding your specific situation. Lum Network does not recommend that any digital asset should be bought, earned, sold, or held by you. Before making the decision to buy, sell or hold any digital asset, you should conduct your own due diligence and consult your financial advisors prior to making any investment decision. Lum Network will not be held responsible for the decisions you make to buy, sell, or hold digital assets based on the information provided by Lum Network.

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