Orby Network
  • Introduction
    • What is Orby?
    • What is $USC?
  • Tokenomics
    • $ORB
    • $esORB
    • The Vault
  • Overview
    • $USC Borrowing & Repayment
      • Borrowing $USC
      • Repaying $USC
    • Supported Collateral
      • Collateral Risk Parameters
    • Liquidations & the Stability Pool
      • Liquidations
      • Stability Pool
    • $USC's peg stability & Redemptions
      • Base Rate
      • Redemption Mechanism
    • Understanding Liquidations vs Redemptions vs Repayment
    • Risk Dashboard
    • Recovery Mode
      • Liquidations in Normal Mode
      • Liquidations in Recovery Mode
    • Security & Audits
    • Orby Ecosystem & Partnerships
    • Airdrop Campaign
      • Airdrop Seasons
        • Season 1
        • Season 2
      • How to claim airdrop rewards?
      • Airdrop Terms and Conditions
  • User Guide
    • How to connect to Orby Network
    • How to borrow $USC
      • Opening a new shuttle
      • Borrowing more $USC
    • How to repay $USC
      • Repaying debt partially
      • Repaying debt fully
    • How to obtain collateral
    • How to add collateral
    • How to withdraw collateral
    • How to use the Stability Pool
      • Depositing $USC
      • Withdrawing $USC
      • Claiming Stability Pool rewards
    • How to stake $esORB/$ORB
    • How to track points
    • How to use the Redemption feature
      • Getting the Best Exchange Rate
      • VVS Swap Widget
    • How to recover collateral after liquidation
    • How to recover collateral after redemption
    • Glossary of Terms
  • Additional Info
    • Smart Contract Addresses
    • Price Oracle
    • Team Wallets
    • Risk Disclosure
    • Terms of Use
    • Brand Guidelines
    • Bridging
    • Bug Bounty
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  1. Additional Info

Risk Disclosure

Orby Network protocol (“Protocol”) is a set of smart contracts made available by Orby Network on a voluntary, “as-is” and “as-available” basis. It is not a service of any kind and you should not rely on Orby Network to assist you to evaluate the Protocol, assess its fitness for any purpose or comply with any requirements. You assume all risks arising from interactions with the Protocol. Orby Network is not liable for any claim, damages or other liability, whether in contract, tort or under any other theory of liability, arising from, out of or in connection with the Protocol.

There are several risks when using the Protocol. These risks include inherent risks associated with the use of a virtual platform, the decentralised nature of the platform, and participating in virtual asset transactions. Risks include, without limitation:

  • Partial or total loss of virtual assets;

  • Collapse in liquidity with respect to virtual assets; changes incompatibility of a virtual asset with the Protocol, changes in the smart contracts;

  • Regulatory uncertainty and government action against virtual assets;

  • Extreme volatility;

  • Possibility of market misconduct by participants including for example market manipulation, trading on the basis of non-public information, and front running;

  • Delays in or complete failure of virtual asset transactions being confirmed;

  • Counterparty risk;

  • Faults, defects, hacks, exploits, errors, or unforeseen circumstances occurring in respect of the platform or the technologies that the platform depends on;

  • Loss of private keys; and

  • Attacks on the platform or the technologies that the platform depends on including for example distributed denial of service, sybil attacks, phishing, social engineering, hacking, smurfing, malware, double spending, majority-mining, consensus-based or other mining attacks, misinformation campaigns, forks, and spoofing.

This list of potential risks is not exhaustive and is not intended to capture the extent of all possible risks. In the event of any of the above occurring, you may lose your virtual assets entirely. Participants should consider all of the above and assess the nature of, and their own appetite for relevant risks independently and consult their advisers before making any decisions in participating in the Protocol. USERS WILL BE RESPONSIBLE FOR THEIR OWN RISK.

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Last updated 4 months ago