Risk & Security
OzProtocol (https://ozprotocol.io) is a decentralized application created to offer consumers a simple user experience that seamlessly connects with the meta-mask wallet to swap different different digital assets and to offer liquidity.
When employing OzProtocol for a dependable network or service. Please pay a close attention to the following instruction.
We advise you to use a single instance to access the service.
The service could be restricted if you use numerous instances for an extended period while using a public or shared IP access point and there are too many connection requests.
Close all open instances and tabs then check back in with service an hour later if your are experiencing connectivity issues for any reason.
This guideline has important information regarding usage of OzProtocok , that users should familiarize themselves with. Please read this article carefully. Using OzProtocol constitutes acceptance of terms and risks , and assumes that the user has read this guideline fully.
Service Agreement
OzProtocol is an web interface that enables users to exchange and supply liquidity using their Strata blockchain wallet in conjunction with a decentralized protocol. OzProtocol has no influence over specific liquidity pools or the trust of swap, so to speak. It is the user's duty to weigh the advantages carefully and hazards associated with the token by taking the price and ratio of the current swap into account.
Estimated return rate, token price, and all other information offered by the OzProtocol interface are meant to assist users in making knowledgeable choices regarding the provision of liquidity, removal of liquidity, and swapping, and should not be used to make financial decisions. OzProtocol is intended to deliver reliable information within a reasonable scope, but it makes no promises on the timeliness or correctness of the data.
OzProtocol disclaims all liability for any asset losses sustained by users as well as for any revenue generated that falls short of expectations.
The continued operation of the OzProtocol service and its internal functionalities are not guaranteed by OzProtocol. Any service or feature offered by OzProtocol may be permanently added or removed, and OzProtocol itself may be altered.
The dependability of the Strata blockchain platform that OzProtocol uses, as well as any other services provided by third parties, is not guaranteed by OzProtcol.
Although the development and maintenance of OzProtocol attempts to rely on a decentralized vote and consensus system, its developers and governance participants are in no manner accountable for any aspect of OzProtocol.
OzProtocol is an independent, decentralized smart contract program created to work directly with the Strata network and offer secure, open-book financial options. However, because to the nature of technology and the intricacy of software code, the integrity of the code cannot be guaranteed.
OzProtocol's smart contract codes are vulnerable to flaws, and flash loan exploits and hacker attacks that take advantage of these flaws provide a danger of asset loss.
4.2. Providing liquidity , Removing liquidity , Swap
You can take on the role of a liquidity provider by contributing funds to a liquidity pool in OzProtocol. Before moving through with the transaction, you must carefully assess and take into account the risk and be accountable for your own decisions and actions.
4.2.1. Price
OzProtocol works based on the AMM method. Price of each token within OzProtocol is determined by the liquidity pool ratio of tokens within the relevant Smart contract. As automated smart contract makes adjustment to price as per the formula (x*y=k), the price shown on OzProtocol interface may not be the same as prices shown at other exchanges, and cannot be guaranteed or appropriate market prices.
Each token price at the time a user deposits, withdraws, or swaps assets is determined by the price measurement method , and the price is not directly proportional to the exchange quantity.
In addition , as the exchange rate of token pairs momentarily due to the real time participation of various participants, the price displayes on the OzProtocol website right before the transaction may change at the time of transaction, and the price applied at the time of actual transaction may vary.
The OzProtocol has a stabilization measure so that the request can be executed only with in a certain range of the exchange rate to be applied by the user in order to minimize the loss that may occur due to the large change in the current exchange rate, but you shoukd precisely check and confirm the exchange rate applied to the time of transactions when proceeding liquidity deposits, withdrawals and swaps.
4.2.2. Approximate cost of expected yield and utilization
All rates of return shown on the Ozprotocol interface, including deposit returns, LP distribution, airdrop, transaction fees, staking, and the "utilization cost" a plus depositor must pay in order to use a single pool asset, are estimates of distributed rewards made annually and do not represent fixed rates.
OzProtocol makes every effort to deliver accurate information in real time, but due to price changes in distributed tokens, adjustments to the size of the liquidity pool, and delays in transaction processing, the expected rate of return displayed on the screen may differ from the actual rate of return.
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