Terms of Service

1. Acceptance of Terms

By accessing or using Memento ("the Protocol"), you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the Protocol. Memento is a decentralized finance protocol built on the Solana blockchain that enables users to deposit USDC and earn yield through various investment strategies.

2. Eligibility

You must be at least 18 years old and legally able to enter into contracts in your jurisdiction to use the Protocol. By using Memento, you represent and warrant that you meet these eligibility requirements. The Protocol is not available to residents of jurisdictions where cryptocurrency trading or DeFi protocols are prohibited.

3. Nature of the Protocol

Memento is a decentralized, non-custodial protocol. You retain full control of your assets at all times through your connected wallet. We do not have access to your private keys or the ability to control your funds. All transactions are executed via smart contracts on the Solana blockchain and are irreversible once confirmed.

4. Risks

Using the Protocol involves significant risks, including but not limited to:

• Smart contract vulnerabilities and potential exploits
• Market volatility and potential loss of principal
• Regulatory uncertainty in the cryptocurrency space
• Blockchain network congestion and transaction failures
• Liquidity risks in underlying strategies
• Counterparty risks in delta-neutral and yield strategies

You acknowledge that target yields are estimates only and are not guaranteed. Past performance is not indicative of future results.

5. Fees

Memento charges a 1% fee on deposits and a 1% fee on withdrawals (in USDC). These fees are subject to change with prior notice. 50% of collected fees are used for operations and growth, while 50% are used for buyback and burn of the $MM token.

6. No Financial Advice

Nothing in the Protocol or associated materials constitutes financial, investment, legal, or tax advice. You should consult with qualified professionals before making any investment decisions. Memento does not endorse or recommend any particular investment strategy.

7. Limitation of Liability

To the maximum extent permitted by law, Memento and its contributors shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from your use of the Protocol, including but not limited to loss of funds, profits, or data.

8. Modifications

We reserve the right to modify these Terms of Service at any time. Changes will be effective immediately upon posting. Your continued use of the Protocol after any changes constitutes acceptance of the new terms.

9. Governing Law

These Terms shall be governed by and construed in accordance with applicable laws, without regard to conflict of law principles. Any disputes shall be resolved through binding arbitration.

10. Contact

For questions about these Terms of Service, please reach out via our official Twitter account @mementodotmoney.