Incentivized Mainnet Terms and Conditions

Incentivized Mainnet Terms and Conditions

Introduction

These terms and conditions govern the participation in the Incentivized Mainnet Program (IMP), a program organized by SSV Network DAO designed to accelerate the adoption of Distributed Validator Technology (DVT) by rewarding participants with SSV Tokens who operate validators on the SSV Network. These terms (Terms) govern your access to and participation in the IMP. The IMP is organized and made available by SSV Foundation headed in Cayman, and its affiliates (collectively, “Company“, “we”, “our”, or “us”).

These Terms are part of the general SSV Terms of Service (hereinafter the General Terms, available here https://ssv.network/terms-of-service/ ). The DAO Proposal and any extensions to it (DIP) shall also be deemed as part of the terms and conditions applicable to IMP (as these are published here https://ssv.network/incentivized-mainnet-terms-and-conditions/) The participation in the IMP shall be deemed a Service under the General Terms. BY PARTICIPATING IN THE IMP, YOU (PARTICIPANT) ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD AND AGREED WITH THE IMP TERMS AND CONDITIONS AND RELATED TERMS AS REFERRED TO HEREIN.

Capital terms used herein and not defined shall have the meaning ascribed to them in the General Terms.

You must read the Terms carefully. The Terms form a legal agreement between you and Company. By participating in the IMP you agree that you have read, understood, and agreed to be bound by these Terms. If you do not agree to these Terms, you must not participate in the IMP. If you are acting for or on behalf of an entity, you hereby represent and warrant that you are authorised to accept these Terms and enter into a binding agreement with us on such entity’s behalf, and you accept these Terms both on behalf of such entity and on your own behalf.

THE TERMS CONTAIN IMPORTANT INFORMATION, PLEASE READ IT CAREFULLY.

Eligibility. In order to be a Participant, you must be a validator registered with SSV Network. In addition, you must comply with the eligibility criteria contained in the General Terms. For the avoidance of doubt, no person is eligible for the IMP who is headed in any Prohibited Territory or is subject to any Sanctions List or directly or indirectly owned, controlled, employed by, affiliated or associated with, or acts on behalf of any person (natural or legal) subject to any Sanctions List, as these terms are defined in the General Terms.

Rewards. The Participants will be tiered Annual Percentage Rate (APR) boost system and earn monthly reward distributions in SSV Tokens. Calculation is made monthly by the IMP administrator in accordance with the latest DAO proposal, as this is available at the SSV Network DAO Snapshot Space (“Snapshot”). For further details and clarifications regarding the Incentivized Mainnet Program, please refer to the IMP Frequently Asked Questions available at https://ssv.network/incentivized-mainnet-faq/

Claims. Claims must be made through Third-Party websites or directly by the Participant by accessing the underlying Smart Contract. SSV Network DAO is not liable for rewards or the claiming process. WE NOTE THAT YOU MAY BE EXCLUDED FROM THE IMP IN CASE OF BREACH OF THE ELIGIBILITY CRITERIA, INCLUDING PARTICIPANTS BASED OR REGISTERED IN PROHIBITED TERRITORY, THAT PERFORM A PROHIBITED ACTIVITY OR THAT HAVE BEEN SLASHED DURING THE IMP DUE TO MISBEHAVIOR.

Distribution. Rewards will be distributed on a per-round basis throughout the life of the IMP. Rewards for the previous month will be claimable the following month. Unclaimed rewards will be carried over to the next round of distribution. For further details and clarifications regarding the Distribution, please refer to the IMP Frequently Asked Questions available at https://ssv.network/incentivized-mainnet-faq/

Withdrawal. You may withdraw through the SSV App. Once the transaction is processed, your SSV token balance will reflect the withdrawn amount. The subsequent withdrawal period may vary depending on network conditions and the number of users exiting the network simultaneously. For detailed instructions, refer to the official SSV Network Documentation available at docs.ssv.network.

Termination. The termination date may change, subject to the DAO Proposal (Termination Date). For further details and clarifications regarding the Termination Date, please refer to the IMP Frequently Asked Questions available at https://ssv.network/incentivized-mainnet-faq/

No offer. The Company is not a registered or licensed trading platform, clearinghouse, exchange platform, bank, depository institution, investment firm or financial service provider and does not purport to convey or suggest otherwise. IMP is not intended to constitute an offer of securities or Digital Assets or a solicitation for investment in, or purchase of securities or Digital Assets in any jurisdiction, nor is it intended to constitute a prospectus or offer document of any type.

No investment advice. The Company does not provide an investment advisory service, nor is it a registered investment advisor, broker-dealer or tax advisor and does not purport to convey or suggest the value of any assets or which assets users should buy or sell, or to the desirability of mining, staking or otherwise using the Platform’s features and services. Terms “investment”, “investing”, “deposit” and other similar terms as these may be used in the IMP are not meant to mean investment service in this sense.

Disclaimer It is the sole responsibility of the Participant to conduct appropriate due diligence, maintain access to validator keys, and ensure compliance with all technical and operational requirements. Participation through a third party does not guarantee eligibility for rewards or correct attribution under the IMP.

Third Party Services We note that where you use Third Party Services to provide stake services, SSV Network DAO, its affiliates, contributors or developers do not endorse, control or assume any responsibility for these Third Party Services providers and you will be subject to the terms and conditions applicable by those Third Parties.

No Liability THE SSV NETWORK PARTIES SHALL NOT BE LIABLE FOR ANY LOSS, DAMAGES, MISMANAGEMENT OF KEYS, VALIDATOR SLASHING, MISSED REWARDS, OR OTHER ADVERSE OUTCOMES RESULTING FROM THE USE OF ANY THIRD-PARTY SERVICES, INCLUDING BUT NOT LIMITED TO MULTI-SIGNATURE WALLETS, STAKING POOLS, OR VALIDATOR NODE OPERATORS. SSV NETWORK DAO WILL NOT BE LIABLE FOR ANY ERROR IN CALCULATION OR PROCESSING, NOR FOR ANY CLAIMS OR REWARDS THEREOF.

Indemnity. By using a Third Party Services Provider, Participants agree to indemnify and hold harmless the SSV Network DAO, its affiliates, contributors or developers from any claims or liabilities arising out of or related to such use.

Contact us In case of any questions in respect to these Terms please contact us at hello@ssv.network.

PLEASE REFER TO THE GENERAL TERMS AVAILABLE AT https://ssv.network/terms-of-service/ FOR MORE INFORMATION ON THE SITE, APP AND PROTOCOL AND APPLICABLE RISKS.