Drift Vaults

By using any Gauntlet Vault, you acknowledge and agree that:

Gauntlet's (also “we” and “us”) provision of vault services is not investment, tax, legal, or technological advice. None of Gauntlet's vaults are depository or custodial products, and none of your digital assets are guaranteed by Gauntlet or any other person. We are not a fiduciary for any vault user, nor will we act as a broker, custodian, investment adviser, or asset manager through our provision of the vault services. Vault users will always deploy their assets at their own risk, with full understanding that (i) their digital assets may lose some or all of their market value;(ii) their digital asset positions may be liquidated partially or entirely as a result of parameters that they cannot control or change; (iii) that their digital assets may be compromised or stolen by malicious software attacks; and that (iv) their only recourse to prevent such risks after deploying to a vault is to fully withdraw during the applicable time lock period, which may be as few as twenty-four (24) hours' prior notice.

Any performance fees paid to Gauntlet from a Drift vault cannot be reclaimed after the vault pays them. Gauntlet's only contractual obligations arising under this protocol are those that we have to Drift. We have no contractual obligation to you, any vault user, or any other third-party arising from providing vault services.

You further acknowledge and agree that our interests as a separate entity may at times conflict with our interests as a vault service provider. In such cases, we will not be required to give priority to anyone else’s best interests. Your only rights and remedies as a vault user will be those included in Drift's Terms of [Use].

Further, understand that some vault strategies may involve the use of leverage. The leveraged nature of such strategies can produce substantial volatility and even significant losses if market prices move in an unfavorable direction. You participate in such strategies at your own risk, and neither Gauntlet nor Drift can offer any guarantees against risk of loss. Only highly sophisticated and risk-tolerant vault users should participate in such strategies.

While we exert our best efforts to select strategies and markets that we think will optimize vault performance; we do not guarantee the accuracy or reliability of our modeling and analysis, and in no event does our modeling and analysis reliably predict or guarantee expected performance or yield. It further does not provide assurance against risk of loss. Make your own risk-reward decisions based on your own sophisticated market perspectives. Finally, remember that you bear full responsibility for lawful possession, custody, and security of your digital assets when you transact with Drift vaults. In short, we set parameters and identify market strategies. The rest is up to you.

That being said, as a result of using Gauntlet’s Vault; you agree to release Gauntlet, its officers, directors, employees, and affiliates (“Gauntlet Parties”) from any claims or causes of action resulting from your use of the vault; including, but not limited to, any financial losses, data breaches, or inaccuracies in information or reporting used by the vault services. Said more plainly; if you use this vault service, your legal recourse is very limited, and you give up any claims that you may have against any Gauntlet Parties, to the fullest extent possible under applicable law.