# Welcome to dVOL
* **Introducing dVOL**: Decentralized derivatives research lab offering innovative **Option Liquidity Pools (OLP)** with a focus on generating sustainable, transparent yield for on-chain assets. * **Innovative Solutions**: Our dedicated team crafts innovative product solutions to meet the specific needs of Web3 communities, prioritizing risk-adjusted returns and addressing diverse user requirements. * **Comprehensive Treasury & Asset Management:** We provide a one-stop-shop solution, encompassing yield enhancement, liquidity management, asset growth, and asset safeguarding. * **Expert Founding Team:** With over 40 years of collective experience from top-tier financial institutions like Morgan Stanley, Optiver, and Amber, our team comprises of derivatives and technology experts. * **Priority in Asset Safeguarding:** Ensuring robust security and protection of user funds through multi-signature technology. #### Find us here * Website [`https://dvol.finance/`](https://dvol.finance/) * Product Page [`https://pools.dvol.finance/`](https://pools.dvol.finance/)or [`https://vaults.dvol.finance/`](https://vaults.dvol.finance/) * Telegram Group [`https://t.me/dVolFinance`](https://t.me/dVolFinance) * Twitter [`@dvolfinance`](https://twitter.com/dvolfinance) * Email [`info@dvol.finance`](mailto:info@dvol.finance) * Medium [`@dvolfinance`](https://medium.com/@dvolfinance/digital-asset-options-landscape-7ce63381b95b) # Investors & Partners **Investors:**
**Partners:**
**Reach out for investments and partnerships opportunities at** \ [**info@dvol.finance**](mailto:info@dvol.finance) # Our Team **Wealth of Experience:** dVOL founding team has collectively over 40 years of experience in both traditional finance and digital assets from reputable financial institutions such as Morgan Stanley, Optiver, Amber, BNP Paribas and more. **Top-tier Expertise:** We have gathered a team of experts in derivatives investment, structured products and decentralized technology development. Their deep knowledge and proficiency ensure a high level of product and solution offerings. **Commitment to Innovation:** Our team is dedicated to delivering the best and most innovative product solutions in the DeFi landscape, crafted to address the specific needs of each Web3 community. We prioritize providing tailored solutions that offer the highest risk-adjusted returns, showcasing our team's capability to meet the unique requirements of diverse user groups.
**Interested in becoming part of our vibrant team? Reach out at**\ [**info@dvol.finance**](mailto:info@dvol.finance)
# Safeguarding & Security Asset safeguarding is our top priority **dVOL built with Safe.** * **Enhanced Security:** dVOL utilizes [Safe ](https://safe.global/)(previously known as Gnosis Safe) multi-signatory technology to bolster security and protect user assets by requiring multiple layers of approval for internal fund transfers and withdrawals. Solidify dVOL's position at the forefront of decentralized finance in terms of security standards. * **Robust Safeguarding:** With a decentralized approach, dVOL ensures robust security measures to safeguard user funds, minimizing the risk of unauthorized access or compromise. * **State-of-the-Art Protection:** Through leveraging Safe's advanced multi-signature capabilities, dVOL can reassure its users that their capital is protected by state-of-the-art security protections, allowing the protocol to focus on delivering its value-generating strategies with confidence.
**dVOL audited and protected by:** * **Salus** * Multi-Chain (Arb & BSC) Full Audited report link (Apr 2024)\ * V1 (BSC Chain only version) Full Audited report link below (2nd Dec 2023): # Research & Publications {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} {% embed url="" %} # Community
* Website [`https://dvol.finance/`](https://dvol.finance/) * Product Page [`https://pools.dvol.finance/`](https://pools.dvol.finance/) * Telegram Group (English) [`https://t.me/dVolFinance`](https://t.me/dVolFinance) * Telegram Group (Chinese) [`https://t.me/dvolfinance_CN`](https://t.me/dvolfinance_CN) * Twitter [`@dvolfinance`](https://twitter.com/dvolfinance) * Email [`info@dvol.finance`](mailto:info@dvol.finance) * Medium [`@dvolfinance`](https://medium.com/@dvolfinance/digital-asset-options-landscape-7ce63381b95b) # User Guide # How to participate 1. Visit our **Option Liquidity Pool** page via [**https://pools.dvol.finance**](https://pools.dvol.finance/), then Connect Wallet
2. Please make sure your wallet is connected to Arbitrium Chain for ETH & wBTC Pools or BNB Smart Chain for FIL & USDT Pools. 3. Select the Options Pools you are interested in and you will then see the available balance, and please key in the intended participation amount, then click "Preview Deposit"
5. At the pop-up window, make sure click on confirm Deposit 6. It will then bring up the Wallet ( MetaMask in this case) asking for Sign, and then it is done 7. After successful deposit, the amount you participated in will be shown in Position (as shown below), and you are more than welcome to click on Share it to Twitter ( Try it !)
8. Do remember to leave your email under the Notifications, it's right below the Deposit / Withdraw buttons
9. You can also see your invested amount in the front page under "Position"
# How to redeem Redeem of the invested / participated portion is just one step different from participation (See [**How to Participate**](https://docs.dvol.finance/filecoin-vaults/fil-dual-coin-vaults/user-guide/how-to-participate)), instead of "Deposit" now: 1. Un-enable **Auto Reinvest** 2. **Withdraw** desired amount And please note there only two scenarios that user can "Withdraw" 1. The pool failed to launch (below minimum launch size), then user can Withdraw immediately after the end of Subscription period 2. When the OL Pool completes its cycle according the Vault Timeline (exact redeemable time is given too)
Weekly Settlement Timeline shows at the bottom of each Pool details page, and please do remember to Subscribe the Notification, through which you will get notified once Redeem is available
# How to add FIL onto BSC dVOL Filecoin (FIL) Option Liquidity Pool (OLP) is currently running on BNB Smart Chain (BSC), token movement might be needed if LP's FIL is not already on BSC dVOL is FVM ready, once a trustable stable coin is launched on FVM, dVOL will be launching the FVM version of Filecoin (FIL) Option Liquidty Pool (OLP) In the below example, we will use metaMask as dAPP wallet in our example, similar process works for other dAPP wallet too (e.g., imToken)\ \ ***Step 1***: Moving FIL from filecoin Mainnet to Binance via Filecoin Network \ \ This step might take sometime, usually upto 24hours, depending on the the network speed\ \ ***Step 2***: Moving FIL from Binance to metaMask\ ![](/files/0TCMC6wPADRWeR7ctdDT)\ pls make sure put in the metaMask BSC address, and select BNB Smart Chain (BSC) under Network\ \ ***Step 3***: Your metaMask BSC wallet shall look similar to below, pls make sure you have some BNB in your wallet as gas\ ![](/files/VIwxVr439PKMp9WRKD4P)\ \ ***Reminder***: \ If FIL token is not automatically displayed, you may need to manually add it, make sure you use the right Token Contract Address (can be found in [CoinMarketCap](https://coinmarketcap.com/currencies/filecoin/) )\ Finally you may use the FIL in your metaMask to participate in dVOL now. **Subscribe now at** [**pools.dvol.finance**](https://pools.dvol.finance/)
# How to add wBTC onto Arbitrum In the below piece we discuss the possible ways of acquiring / transferring wBTC to Arbitrum What is wBTC and why we use wBTC\ \- Wrapped Bitcoin (WBTC) is the first ERC20 token backed 1:1 with Bitcoin, introduced by Kyber Network and BitGo Inc in 2019, click here for [WBTC official website](https://wbtc.network/) and its [white paper](https://wbtc.network/assets/wrapped-tokens-whitepaper.pdf) \- dVOL uses wBTC so that it could bring the biggest two crpto Asset (ETH & BTC) onto the same network and build Option Liquidity Pool (OLP) ***Method One ( NOT existing BTC HODLers )*** The easiest way to get wBTC on Arbitrum is probably to Swap or perchance wBTC via Uniswap on Arbitrum network\ \ You may choose any token (ETH in our example) and swap it for WBTC on Arbitrum, you can then use WBTC with dVOL ***Method Two ( Existing BTC HODLers )*** However, for existing BTC HODLers, the 1st method might not be the most efficient way, and what HODLers want is probably to directly move BTC to WBTC and then onto Arbitrum. Thanks to [Arbitrum Official Bridge](https://bridge.arbitrum.io/?destinationChain=arbitrum-one\&sourceChain=ethereum), this becomes not only possible and can be done very elegantly (We attach the link to [Arbitrum Bridge White paper](https://docs.arbitrum.io/getting-started-users) here too)\ \ ***Step 1:*** \ First step is to purchase WBTC using BTC from Exchanges, most of the Top exchanges has the choice of WBTC/BTC

Source: https://www.coingecko.com/en/coins/wrapped-bitcoin

***Step 2:*** \ Next for those CEX provides the Arbitrum network for WBTC transfer, it is an easy step just to make sure the wallet address used is the one you will use on MetaMask, and network to be Arbitrum.\ However, at the moment of typing this "How to", few TOP CEX do not provide the choice above, in this case, we will need to move WBTC to ETH mainnet first, before bridging it to Arbitrum\ ![](/files/7cfH5daR24gHegt3lCoN) ***Step 3:***\ Once WBTC is on ETH mainnet, next we will use Arbitrum Official Bridge to move the WBTC from mainnet to Arbitrum \ This process will take around 10-15min, and then WBTC shall appear in your Arbitrum MetaMask wallet \ ![](/files/mj5kmq7LFBpmu4GAIL61)\ Arbitrum Official Bridge: \ Arbitrum Bridge white paper: You may reverse the above process to move the WBTC back to ETH mainnet or CEX. NOW, Finally you may use the WBTC in your Arbitrum MetaMask to participate in dVOL. **Subscribe now at** [**pools.dvol.finance**](https://pools.dvol.finance/)
# FAQ 1. What the minimum launch size for FIL vault and USDT Vault A: Minimum launch size for FIL vault is 100 FIL and Minimum launch size for USDT vault is 100 USDT 2. What if the Vault size at the end of Subscription Period is smaller than Minimum Launch size A: In this case, the Vault will be not be launched, and user could redeem back the participated amount immediately (see [How to redeem](https://docs.dvol.finance/filecoin-vaults/fil-dual-coin-vaults/user-guide/how-to-redeem) for details) # FIL & USDT OL Pools **Introducing Filecoin Options Liquidity Pools**
* **dVOL backed by** [**Protocol Labs**](https://protocol.ai/)**, introduces a selection of Filecoin Options Liquidity Pools (OLP) on the BSC Chain (BNB Smart Chain) offering highest APY on market with flexible deposit terms** * Designed specifically to address treasury, asset and hedge management needs of the fast growing Filecoin miner and investor community * Discover the power of secure and profitable asset management in the Filecoin DeFi ecosystem, and embark on a journey into the future of decentralized finance with dVOL
**Subscribe now at** [**pools.dvol.finance**](https://pools.dvol.finance/) # FIL Staking OL Pool **Pool Description:** * The pool earns high yield on FIL deposits by providing liquidity for FIL/USDT options * FIL staking with Guaranteed High APY * Earn high yield converting FIL to USDT at pre-determined above market conversion rate * Designed for FIL HODLers and miners **Simple Conversion Scenarios at Weekly Settlement:** * If NOT converted, users will earn High APY in FIL plus their staked FIL tokens * If converted, users will earn High APY in USDT plus staked FIL converted into USDT
**Historical Backtesting Yield**
**Key Features**
**Fee Structure** Fee structure consists of an annualized 8% performance fee **Subscribe now at** [**pools.dvol.finance**](https://pools.dvol.finance/) # USDT Staking OL Pool **Pool Description:** * The OL Pool earns high yield on staked USDT by providing liquidity for FIL/USDT options * USDT staking with Guaranteed High APY * Earn high yield converting USDT to FIL at pre-determined below market conversion rate * Designed for FIL miners and accumulators **Simple Conversion Scenarios at Weekly Settlement:** * If NOT converted, users will earn High APY in USDT plus their staked USDT * If converted, users will earn High APY in FIL plus staked USDT converted into FIL
**Historical Backtesting Yield**
**Key Features**
**Fee Structure** Fee structure consists of an annualized 8% performance fee **Subscribe now at** [**pools.dvol.finance**](#user-content-fn-1)[^1] [^1]: # ETH & wBTC OL Pools **Introducing ETH & wBTC Options Liquidity Pools ( It's the first & probably the Best! )**
* **dVOL extends the Option Liquidity Pool (OLP) offering to ETH and wBTC on the Arbitrum Network, it's the 1st of its kind, and likely the best!** * **Designed for HODLers, the ETH & wBTC pool offers high APY, and distribute return only in ETH or wBTC.** * You heard it correct! There is NO involvement of stable coin, it's either ETH or wBTC, a special design for Token HOLDers and crypto believers! * As mentioned in dVOL research paper, inspired by Uniswap, dVOL introduced the Time Axis in addition to the usual Price Axis, in order to provide higher and sustainable yield for Option Liquidity Providers (OLP) * LPs are more than welcome to try and embrace the innovative way of yield generation with dVOL. It's secure, real yield, and sustainable.

dVOL enables yield generation via combining TIme & Price Axises

**Subscribe now at** [**pools.dvol.finance**](https://pools.dvol.finance/) # ETH Staking OL Pool **Pool Description:** * The pool earns high yield for deposited ETH via providing liquidity for ETH/wBTC Option Liquidity Pool (OLP) * Get back the staked ETH with Guaranteed High APY in ETH, or * Get back the staked ETH with Guaranteed High APY in wBTC at pre-determined conversion rate (Impermanent Loss may occur in this case) * Designed for ETH & BTC(wBTC) HODLers **A Scenarios at Weekly Settlement:** * On settlement day, if ETH/wBTC is below pre-determined conversion rate, Liquidity Providers (LPs) will earn High APY in ETH plus their staked ETH tokens * On settlement day, if ETH/wBTC is ABOVE pre-determined conversion rate, Liquidity Providers (LPs) will earn High APY in wBTC plus staked ETH converted into wBTC at the pre-determined conversion rate (In this case, LPs might incur impermanent loss)
**Historical Backtesting Yield**
**Key Features**
**Fee Structure** Fee structure consists of an annualized 8% performance fee **Subscribe now at** [**pools.dvol.finance**](https://pools.dvol.finance/) # wBTC Staking OL Pool **Pool Description:** * The pool earns high yield for deposited wBTC via providing liquidity for wBTC/ETH Option Liquidity Pool (OLP) * Get back the staked wBTC with Guaranteed High APY both in wBTC, or * Get back the staked wBTC with Guaranteed High APY both in ETH at pre-determined conversion rate (Impermanent Loss may occur in this case) * Designed for ETH & BTC(wBTC) HODLers **A Scenarios at Weekly Settlement:** * On settlement day, if wBTC/ETH is below pre-determined conversion rate, Liquidity Providers (LPs) will earn High APY in wBTC plus their staked wBTC tokens * On settlement day, if wBTC/ETH is ABOVE pre-determined conversion rate, Liquidity Providers (LPs) will earn High APY in ETH plus staked wBTC converted into ETH at the pre-determined conversion rate (In this case, LPs might incur impermanent loss)
**Historical Backtesting Yield**
**Key Features**
**Fee Structure** Fee structure consists of an annualized 8% performance fee **Subscribe now at** [**pools.dvol.finance**](#user-content-fn-1)[^1] [^1]: # ETH Vol Bull Vault **First On-chain Option Replication Vault** * In collaboration with [**Perpetual Protocol**](https://perp.com/) * This Vault lets users earn potential unlimited returns from an increase in ETH volatility, currently at historical low levels
**Subscribe now at**\ [**optionvault.dvol.finance**](https://optionvault.dvol.finance/) # Introducing ETH Vol Bull Vault **Long Straddle Option Strategy Explained:** * A straddle is an option strategy where investor simultaneously buy a call and a put option on the same asset (ETH in our case), with the same expiration date and strike price. * The goal of a straddle is to profit from significant price movements in the underlying asset (ETH in our case), regardless of whether it goes up or down. * If the stock price moves a lot in either direction, one of the options will become profitable while the other may expire worthless or result in a loss. The profit from the winning option can potentially outweigh the loss from the losing option, resulting in an overall profit. * However, if the underlying asset (ETH) remains stable and doesn't move much, investor may incur a loss * Hence to invest in a Long Straddle option strategy means to anticipate future underlying asset price will be volatile.

Payoff diagram of a Long Straddle option in ETH/USDT

**Subscribe now at**\ [**optionvault.dvol.finance**](https://optionvault.dvol.finance/) # Option Replication Explained **Achieve option like payoff without owning an option** * Option replication via dynamic delta hedging using Black-Scholes model is a strategy used to replicate the payoff of an option by trading in the underlying asset. * *Black-Scholes Model* is a mathematical formula used to calculate the theoretical price of an option. It takes into account factors such as the current underlying asset price, strike price, time to expiration, volatility, and interest rates. * *Dynamic Delta Hedging* involves adjusting the position in the underlying asset to maintain delta neutral. As the underlying asset price changes, the delta of the option changes too. To hedge, traders continuously buy or sell the underlying asset to offset the delta exposure. * *Option Replication* means creating a similar risk and return profile as the original option structure, in this case a Long Straddle. Instead of buying the option itself, dynamic delta hedging aims to replicate its performance. The Black-Scholes model provides the delta value for an option, which indicates the proportion of the underlying asset required to replicate the option's price movement. By dynamically adjusting the position in the underlying asset based on changes in delta, traders can replicate the option's performance.

Black-Scholes Formula
Source: Options, Futures, and Other Derivatives : Hull, John C.

* To know more about Option pricing and Black-Scholes Formula: **Subscribe now at**\ [**optionvault.dvol.finance**](https://optionvault.dvol.finance/) # Option Replication Vault on Perpetual Protocol
**First on-chain Option Replication Vault, in calibration with** [**Perpetual Protocol**](https://perp.com/) * Our founding team, with extensive experience in derivatives and decentralized finance, is thrilled to launch the **FIRST on-chain Option Replication Vault** in collaboration with [**Perpetual Protocol**](https://perp.com/). * The Vault aims to replicate an ETHUSD Long Straddle option strategy's payoff, featuring a two-week expiration and an at-the-money strike. We achieve this through a dynamic delta hedging mechanism using the Black-Scholes model. * Targeting users seeking long volatility exposure or anticipating volatile price movements in ETHUSD, especially after its current record low levels * Designed for all participants with an interest in crypto non-linear products such as crypto options * Our solution reduces risk by making all transactions on the blockchain itself, trades matched on Perpetual Protocol’s decentralized exchange, rather than through a centralized venue. This makes trading safer and more reliable
**Subscribe now at**\ [**optionvault.dvol.finance**](https://optionvault.dvol.finance/) # How it works **Put mathematical formula into real action** * Using the Black-Scholes model, we price a 2-Week At-the-money ETHUSD long straddle structure at Vault initiation, considering the latest ETHUSD spot price, strike price, implied volatility, and interest rate. * At each delta hedging period, we gather the latest ETHUSD spot price and volatility to recalculate the straddle's delta, determining the "delta-to-hedge." We then execute buy or sell hedging orders using ETHUSDT perpetual contracts on Perpetual Protocol v2 (ETH Layer 2 Optimistic network). * This process repeats for each hedge rebalance period until the vault's expiration date, which is two weeks. At that point, we close all open hedging positions * Vault users stake USDC to receive a similar payoff to that of a Long Straddle on ETHUSD at the end of the vault settlement, benefiting from ETHUSD's volatile price movements during the period.

ETH Volatility is at its low
Source: Bloomberg

**Vault Fee Structure:** * 10% fee applied on profits earned from the vault, designed to align our interests with users * No fees applied if vault does not generate profit **Subscribe now at**\ [**optionvault.dvol.finance**](https://optionvault.dvol.finance/) # User Guide # How to pledge & participate **Step by Step guide on pledging** * Visit dVOL Option Replication Vault at [https://optionvault.dvol.finance](https://optionvault.dvol.finance/), or click Launch ORV from dVOL's main page * Click ‘Connect Wallet’, make sure your USDC is on ETH L2 Op network * During fundraising period, click “Confirm Pledge”
* Under Deposit tab, enter USDC amount that you wish to stake in the vault, then click ‘Approve’ and approve your Metamask or wallet transaction in the pop-up
# How to Monitor Performance **Keep track of vault performance in real time** * Check vault performance once live under Wallet Net Worth section. It represents the absolute vault performance, eg 105.22% Net worth translates to 5.22% gain on your staked USDC in two weeks or an equivalent 135.7% APY !
# How to Redeem * Upon vault settlement, user will able to withdraw the vault settled balance net of our fees. * Visit , click on ‘Extract profit’ tab, enter the total amount you wish to withdraw from the vault, then click ‘Confirm extract’ and approve you Metamask or wallet transaction
# Risks and Disclaimer * It's important to note that while dynamic delta hedging can replicate the option's performance to some extent, it is not perfect due to factors such as transaction costs, liquidity, model assumptions, and volatility assumptions. * However, the vault helps manage the risk associated with ETHUSD price changes, providing a similar risk-reward profile without direct ownership of the option. # BTC Vol Bull Vault Coming soon... # Media Release
# Terms of Service Last updated: 09/10/2023 **OVERVIEW** These terms of service, together with any documents and additional terms they expressly incorporate by reference (collectively, these “Terms”), are entered into between DW3 Lab Limited, (“dVOL,” “we,” “us” and “our”) and you or the company or other legal entity you represent (“you” or “your”), and constitute a binding legal agreement. Please read these Terms carefully, as these Terms govern your use of our Portal and our Services, and expressly cover your rights and obligations, and our disclaimers and limitations of legal liability, relating to such use. By accessing or using our Portal or our Services, you accept and agree to be bound by and to comply with these Terms, including the mandatory arbitration provision in Section 12. If you do not agree to these Terms, you must not access or use our Portal or the Services. You must be able to form a legally binding contract online either on behalf of a company or as an individual. Accordingly, you represent that: (a) if you are agreeing to these Terms on behalf of a company or other legal entity, you have the legal authority to bind the company or other legal entity to these Terms; and (b) you are at least 18 years old (or the age of majority where you reside, whichever is older), can form a legally binding contract online, and have the full, right, power and authority to enter into and to comply with the obligations under these Terms. Please carefully review the disclosures and disclaimers set forth in Section 9 in their entirety before using any software developed by dVOL. The information in Section 9 provides important details about the legal obligations associated with your use of the dVOL open-source software. By accessing or using our Portal or our Services, you agree that dVOL does not provide execution or clearing services of any kind and is not responsible for the execution or clearing of transactions automated through dVOL open-source software. **1. KEY DEFINITIONS** For the purpose of these Terms, the following capitalized terms shall have the following meanings: 1.1 “**Affiliate**” means, with respect to a party to these Terms, any person or legal entity that, directly or indirectly, controls, is controlled by, or is under common control with such party. 1.2 “**Applicable Law**” means any domestic or foreign law, rule, statute, regulation, by-law, order, protocol, code, decree, or other directive, requirement or guideline, published or in force which applies to or is otherwise intended to govern or regulate any person, property, transaction, activity, event or other matter, including any rule, order, judgment, directive or other requirement or guideline issued by any Governmental Authority having jurisdiction over dVOL, you, the Portal or the Services, or as otherwise duly enacted, enforceable by law, the common law or token that may be used to purchase computational resources to run decentralized applications. 1.3 “**Digital Assets**” means any cryptocurrencies or other blockchain based assets. 1.4 **“BSC”** means the native Digital Asset of the BNB Smart Chain Blockchain and that may be used to purchase computational resources to run decentralized applications or perform actions on the BNB Smart Chain Blockchain. 1.5 **“BSC Address”** means a unique public key cryptocurrency identifier which can be used to store or receive BSC and other compatible Digital Assets using an BNB Smart Chain compatible wallet. 1.6 **“BSC Blockchain”** means the underlying BNB Smart Chain network blockchain infrastructure which the Portal leverages to perform portions of the Services in respect of BSC Addresses. 1.7 “**Governmental Authority**” includes any domestic or foreign federal, provincial or state, municipal, local or other governmental, regulatory, judicial or administrative authority. 1.8 “**Portal**” means the dVOL site located at , and all associated sites linked thereto by dVOL and its Affiliates, which includes, for certainty, dVOL’s decentralized application layer on the BNB Smart Chain Blockchain, and any other relevant blockchain and the graphical interface for interacting with such application(s) located at [https://www.dvol.finance](https://dvol.finance/). 1.9 “**Restricted Person**” means a resident, citizen or agent of a Restricted Territory, an entity incorporated in a Restricted Territory, or a person or entity having a registered office in a Restricted Territory. 1.10 “**Restricted Territory**” means Iran, Cuba, North Korea, Myanmar (Burma), the regions of Crimea, Donetsk or Luhansk, or any other country or region that is the subject of comprehensive country-wide or region-wide economic sanctions by the United States. 1.11 “**Sanctioned Person**” means a subject of economic or trade sanctions administered or enforced by any governmental authority or otherwise designated on any list of prohibited or restricted parties, including the list maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury. 1.12 “**Services**” has the meaning set out in Section 3.1. 1.13 “**U.S. Person**” includes the following: 1.14.1 a natural person resident in the United States; 1.14.2 a partnership, corporation, trust, or other legal entity organized or established under the laws of the United States or having its principal place of business in the United States; 1.14.3 an account (whether discretionary or discretionary) of a U.S. person; or 1.14.4 an estate of a decedent resident in the United States. **2. MODIFICATIONS TO THESE TERMS** We reserve the right, in our sole discretion and at any time, to modify these Terms. If we make changes, we will provide you with notice of such changes, such as by sending an email, providing a notice through our Portal, or updating the date at the top of these Terms. Unless we state otherwise in such notice, any and all such modifications are effective immediately and your continued access to the Portal and use of our Services after we provide such notice will confirm your acceptance of the changes. If you do not agree to the amended Terms, you must immediately cease access to the Portal and use of our Services. **3. SERVICES** 3.1 **Services**. The primary purpose of the Portal is to enable users to interact with smart contract based “vaults” in order to enter into structured product trading strategies, including exotic options based strategies such as fixed coupon notes referencing one or more Digital Asset underliers (the “**Services**”). For the avoidance of doubt, the foregoing description of the Services is non-exhaustive and we reserve the right to make other functionality or features available as part of the Services. 3.2 **Transaction Charges**. The Services may involve the use of the BSC Blockchain, or other relevant blockchains in our sole discretion, each of which may require that you pay a fee or transaction charge for the computational resources required to perform a transaction on the relevant blockchain. You acknowledge and agree that dVOL has no control over: (a) any blockchain transactions; (b) the method of payment of any transaction charges on the relevant blockchain; or (c) any actual payments of such transaction charges. Accordingly, you must ensure that you have a sufficient balance of the native digital currency of the relevant blockchain before initiating any transaction in connection with the Services. For example, you must have sufficient BNB stored at your BSC Address in order to complete any transaction on the BSC Blockchain. We will make reasonable efforts to notify you of any transaction charges that will be payable in connection with aspects of the Services that require the use of a blockchain. **4. YOUR USE OF THE PORTAL AND SERVICES** 4.1 As a condition to accessing or using our Portal and our Services, you represent and warrant as follows: 4.1.1 If you are entering into these terms as an individual, you are at least 18 years old (or legal age where you reside, whichever is older), can form a legally binding contract online, and have the legal capacity to enter into these Terms and be bound by them; 4.1.2 If you are entering into these terms as an entity, you have the legal capacity and necessary authority to enter into these Terms and be bound by them; 4.1.3 You are not a U.S. Person; 4.1.4 You are not a Restricted Person; 4.1.5 You are not a Sanctioned Person; 4.1.6 You do not intend to transact with or on behalf of any Restricted Person or Sanctioned Person; 4.1.7 You are not using, and will not in the future use, a virtual private network ( “VPN”), proxy, or other similar technological means to mask or obfuscate your actual physical location or your status as a U.S. Person, Restricted Person, or Sanctioned Person; 4.1.8 You will not access this site or enter into any trading strategies using this site while located in the United States; 4.1.9 You are lawfully permitted to access and use the Portal and the Services under the laws of the jurisdiction in which you reside or are located and such access and use is not prohibited by or otherwise in violation of any Applicable Law; 4.1.10 You are not accessing or using the Portal or the Services in furtherance of, in contribution to, or in order to facilitate any illegal activity; and 4.1.11 You have such knowledge and experience in financial and business matters that you are capable of evaluating the merits and risks of any prospective investment or trading strategy using the Portal or the Services. 4.2 As a condition to accessing or using our Portal and our Services, you acknowledge and agree that: 4.2.1 You have read and understand the risk disclosures and disclaimers set out in Section 12 below; 4.2.2 We may, at any time and in our sole discretion, restrict your access to, or otherwise impose conditions or restrictions upon your use of, the Services or the Portal, with or without prior notice, including for breach of these Terms or if we have reason to believe that any representation or warranty provided hereunder is untrue or inaccurate; 4.2.3 From time to time, the Portal and the Services may be inaccessible or inoperable for any number of reasons, including but not limited to: 4.2.3.1 periodic maintenance procedures or repairs that we or any of our suppliers or contractors may undertake from time to time; 4.2.3.2 causes beyond our control or that we could not reasonably foresee; 4.2.3.3 disruptions to and temporary or permanent unavailability of the BSC Blockchain, , other relevant Blockchains, or other underlying infrastructure necessary for the operation of the Portal or the Services; or 4.2.3.4 unavailability of third-party service providers or external partners for any reason; 4.2.4 The Portal and the Services may evolve and remain subject at all times to modification, which means we may apply changes, replace, or discontinue (temporarily or permanently) the Portal or the Services or any part thereof at any time in our sole discretion; and 4.2.5 You are solely responsible for reporting and paying any taxes applicable to or due as a result of or in connection with your use of the Portal or the Services. 4.3 As a condition to accessing or using our Portal and our Services, you covenant that: 4.3.1 You will only use the Services and the Portal for lawful purposes and in accordance with these Terms and any Applicable Law; 4.3.2 You will ensure that, at all times, all information that you provide on the Portal or in connection with your use of the Services is current, complete, and accurate; 4.3.3 Any Digital Assets you use in connection with the Services are either owned by you or you are validly authorized to carry out actions using such Digital Assets; 4.3.4 You will maintain the security and confidentiality of the private keys associated with the wallet address you use in connection with the Services; 4.3.5 You will not, in connection with your access and use of the Portal and the Services: 4.3.5.1 violate any Applicable Law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws, such as the Bank Secrecy Act, each as may be amended; 4.3.5.2 infringe on or misappropriate any contract, intellectual property or other third-party right, or commit a tort while using the Portal or the Services; 4.3.5.3 use the Portal or the Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Portal or the Services, or that could damage, disable, overburden, or impair the functioning of the Portal or the Services in any manner; 4.3.5.4 attempt to circumvent any content filtering techniques or security measures that dVOL employs on the Portal or the Services, or attempt to access any functionality, service or area of the Portal or the Services that you are not authorized to access; 4.3.5.5 use the Portal or the Services to pay for, support, or otherwise engage in any illegal gambling activities, fraud, money-laundering, or terrorist activities, or other illegal activities; 4.3.5.6 use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to access the Portal or the Services or to extract data; 4.3.5.7 introduce any malware, virus, Trojan horse, worm, logic bomb, drop-dead device, backdoor, shutdown mechanism or other harmful material into the Portal or the Services; 4.3.5.8 provide false, inaccurate, or misleading information; 4.3.5.9 post on the Portal or any website or forum provided in connection with the Services any content or communications that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable; 4.3.5.10 post on the Portal or any website or forum provided in connection with the Services any content containing unsolicited promotions, political campaigning, or commercial messages or any chain messages or user content designed to deceive or trick the user of the Service; 4.3.5.11 use the Portal or the Services from a jurisdiction that we have, in our sole discretion, or a relevant Governmental Authority has determined is a jurisdiction where the use of the Portal or the Services is prohibited; or 4.3.5.12 encourage or induce any third party to engage in any of the activities prohibited under this Section 4.3.5. **5. NO ADVICE OR ADVISORY RELATIONSHIP** 5.1 All information provided in connection with your access and use of the Portal and the Services is for informational purposes only and should not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained on or provided in connection with the Portal or the Services or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Prior to engaging in any activity involving or using the Portal or the Services, you should seek individualized advice from your own financial, legal, tax and other professional advisors taking into account your particular facts and circumstances. 5.2 You acknowledge and agree that the only duties and obligations that we owe you are those set out expressly in these Terms. These Terms and our provision of the Portal and the Services are not intended to, and shall not, create or impose any fiduciary duties or obligations on us or any fiduciary, advisory or similar relationship or status between us. **6. USER DERIVED CONTENT** 6.1 You hereby grant to us a royalty-free, fully paid-up, sublicensable, transferable, perpetual, irrevocable, non-exclusive, worldwide license to use, copy, modify, create derivative works of, display, perform, publish and distribute, in any form, medium or manner, any content that is available to other users as a result of your use of the Portal or the Services (collectively, “**Your Content**”) including, without limitation, for the purpose of promoting dVOL (or its Affiliates), the Services or the Portal. 6.2 You represent and warrant that: (a) you own Your Content or have the right to grant the rights and licenses in these Terms; and (b) Your Content and our use of Your Content, as licensed herein, does not and will not violate, misappropriate or infringe on any third party’s rights **7. PRIVACY** 7.1 By accepting these Terms, you also acknowledge and agree to be bound by our Privacy Policy, available at [https://www.dvol.finance /privacy](/other/privacy-policy), which governs how we collect, use, share and otherwise process information about you. **8. PROPRIETARY RIGHTS** 8.1 You acknowledge and agree that: 8.1.1 **Open Source Software**. You acknowledge that certain aspects of the Portal or the Services may use, incorporate or link to certain open-source components and that your use of the Portal or Services is subject to, and you will comply with, any applicable open-source licenses that govern any such open-source components (collectively, the “**Open-Source Licenses**”). Without limiting the generality of the foregoing, you may not (a) resell, lease, lend, share, distribute, or otherwise permit any third party to use the Portal or the Services; (b) use the Portal or the Services for time-sharing or service bureau purposes; or (c) otherwise use the Portal or the Services in a manner that violates the Open-Source Licenses. 8.1.2 **Ownership of Services; License to Services**. Excluding any open source software (as further described in Section 8.1.1) or third-party software that the Portal or the Services incorporates, as between you and dVOL, dVOL owns the Portal and the Services, including all technology, content and other materials used, displayed or provided on the Portal or in connection with the Services (including all intellectual property rights subsisting therein), and hereby grants you a limited, revocable, transferable, license to access and use those portions of the Portal and the Services that are proprietary to dVOL. 8.1.3 **Trademarks**. Any of dVOL’s product or service names, logos, and other marks used in the Portal or as a part of the Services, including dVOL’s name and logo, are trademarks owned by dVOL, its Affiliates or its applicable licensors. You may not copy, imitate or use them without dVOL’s (or the applicable licensor’s) prior written consent. 9\. CHANGES; SUSPENSION; TERMINATION 9.1 **Changes to Services**. We may, at our sole discretion, from time to time and with or without prior notice to you, modify, suspend or disable, temporarily or permanently, the Portal and/or the Services, in whole or in part, for any reason whatsoever, including, but not limited to, as a result of a security incident. 9.2 **No Liability**. We will not be liable for any losses suffered by you resulting from any modification to the Portal or the Services or from any suspension or termination, for any reason, of your access to all or any portion of the Portal or the Services. 9.3 **Survival**. The following sections will survive any termination of your access to the Portal or the Services, regardless of the reasons for its expiration or termination, in addition to any other provision which by law or by its nature should survive: Sections 1, 4, 5, 6, and 7 through 15. **10. ELECTRONIC NOTICES** You consent to receive all communications, agreements, documents, receipts, notices, and disclosures (collectively, “**Communications**”) that we provide in connection with these Terms or any Services by electronic means. You agree that we may provide our Communications to you by posting them on the Portal or by emailing them to you at any email address you provide in connection with using the Services. You should maintain copies of our Communications by printing a paper copy or saving an electronic copy. You may also contact our support team to request additional electronic copies of our Communications by filing a support request at . **11. INDEMNIFICATION** 11.1 You agree to defend, indemnify, and hold harmless us, our Affiliates, and our and our Affiliates’ respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers and contractors (collectively, “**Indemnified Parties**”) from any claim, demand, lawsuit, action, proceeding, investigation, liability, damage, loss, cost or expense, including without limitation reasonable attorneys’ fees, arising out of or relating to 11.1.1 your use of, or conduct in connection with, the Portal; 11.1.2 Digital Assets associated with your wallet address (including any BSC Address); 11.1.3 any feedback or user content you provide to the Portal, if any; 11.1.4 your violation of these Terms or any Applicable Law; or 11.1.5 your infringement or misappropriation of the rights of any other person or entity. 11.2 If you are obligated to indemnify any Indemnified Party, dVOL (or, at its discretion, the applicable Indemnified Party) will have the right, in its sole discretion, to control any action or proceeding and to determine whether dVOL wishes to settle, and if so, on what terms and you agree to cooperate with dVOL (or the applicable Indemnified Party) in the defense. **12. RISKS** YOU HEREBY ASSUME AND AGREE THAT WE AND OUR AFFILIATES WILL HAVE NO RESPONSIBILITY OR LIABILITY FOR THE RISKS SET FORTH IN THIS SECTION 12. YOU HEREBY IRREVOCABLY WAIVE, RELEASE AND DISCHARGE ALL CLAIMS, WHETHER KNOWN OR UNKNOWN TO YOU, AGAINST US AND OUR AFFILIATES RELATED TO ANY OF THE RISKS SET FORTH IN THIS SECTION 12. You understand and agree that the Portal and the Services, and your access and use thereof, are subject to a range of risks, including but not limited to the following: 12.1 **Reliance on Blockchains**. Although our Services may operate on one or more public blockchains, including the BSC Blockchain, dVOL does not own or control such blockchains or the underlying infrastructure on which they operate. In general, the software underlying blockchain networks, including the BSC Blockchain, is open source, such that anyone can use, copy, modify, and distribute it. There exists no guarantee of the functionality, security, or availability of any blockchain or any associated infrastructure and sudden changes therein, including as a result of “forks,” may materially affect the operation of a blockchain on which we rely and thereby the Services or your access and use thereof. 12.2 **Public Key Cryptography**. Blockchains use public and private key cryptography and your use of the Services will require use of the private key associated with your wallet address on the relevant blockchain (for example, your BSC Address with respect to activity on the BSC Blockchain with respect to activity on the BSC Blockchain). We do not have access to your private key(s) and you alone are responsible for securing your private key(s). Losing control of your private key(s) will permanently and irreversibly deny you access to Digital Assets stored in the relevant wallet address and that you may have transacted with in connection with your use of the Services or interaction with the Portal. 12.3 **Smart Contract Risk**. The Portal and the Services, and the structured product trading strategies enabled thereby, may employ or rely on self-executing smart contracts on the BSC Blockchain, or another relevant blockchain in order to facilitate certain functionality and transaction activity. Smart contracts are subject to various risks and may contain bugs or security vulnerabilities. These risks have the potential to adversely impact returns or to result in loss of Digital Assets contributed to structured products trading strategies enabled through the Services. While the dVOL team works diligently to audit and test our contracts internally and in connection with external audit vendors, there can be no guarantee that any smart contracts employed or relied on in connection with the Portal and the Services are free of defects. 12.4 **Financial Risk Associated with Digital Assets Generally**. The risk of loss in trading Digital Assets, including through the trading strategies you may enter into through use of the Services or the Portal, can be substantial and may result in complete loss of your principal capital. Digital Assets are, by their nature, highly experimental, risky, and volatile. Transactions in Digital Assets, including transactions entered on the BSC Blockchain, or another relevant blockchain in connection with the Services, are irreversible, final and there are no refunds. Your access and use the Portal and the Services are at your own risk. You should, therefore, carefully consider whether such activity is suitable for you in light of your knowledge, understanding, circumstances and financial resources. In using the Portal and the Services, you will be solely responsible for making your own independent appraisal and investigations into the risks of a given trading strategy or transaction entered into using the Services and the underlying Digital Assets (including without limitation, the risks associated with your BSC Address, the BSC Blockchain, BSC and USDT). 12.5 **Financial Risk Associated with Structured Product Trading Strategies**. Your use of the Portal and the Services may enable you to enter into complex structured product trading strategies that incorporate or utilize derivatives, including exotic option based trading strategies. You should consider whether you have sufficient knowledge, market sophistication, professional advice, and experience to make an evaluation of the merits and risks of any transaction or trading strategy conducted in connection with the Services. Such trading strategies are not suitable for all users and carry their own significant risks in addition to the risks associated with trading Digital Assets generally. Such risks include but are not limited to: 12.5.1 **Performance Risk**. Entry into the structured product trading strategies enabled through the Services will subject you to risk of loss, which may be substantial. Changes in the price, level, or value of the Digital Assets underlying these trading strategies can be unpredictable, sudden and large, and may be influenced by many factors. Such changes may adversely impact the effectiveness of the relevant trading strategy and your returns. By entering into such trading strategies, you may sustain a loss of principal up to the entire amount of your principal capital. Furthermore, your losses may extend beyond your initial principal and may include, among other things, transaction fees paid on or to a relevant blockchain in connection with your use of the Portal and the Services. Although the Portal and the Services may display or describe the potential losses associated with a particular structured product trading strategy, such figures are provided solely for informational purposes and may not accurately reflect the total losses you may suffer in connection any trading strategy in connection with the Portal or the Services. 12.5.2 **Opportunity Cost**. The returns you receive by engaging in any trading strategy in connection with the Portal or the Services (which, for the avoidance of doubt, may amount to negative returns) may be less than the returns you could have received through other trading opportunities. In particular, there is no guarantee that the returns of any structured product trading strategy referencing Digital Assets enabled through use of the Services will exceed the returns that could have been obtained by holding such Digital Assets directly. Furthermore, depending on the structure of the relevant trading strategy, appreciation in value of the referenced Digital Assets may not result in corresponding or proportionate increases in the value or returns of such trading strategy. 12.5.3 **Liquidity Risk**. Entry into the structured product trading strategies enabled through the Services will subject you to liquidity risk. In particular, during the term of any structured product trading strategy enabled through the Services, you will not be able to withdraw or redeem any capital contributed to such trading strategy. Although your contribution to the smart contract vault for a particular structured product trading strategy may result in your receipt of corresponding “vault tokens,” there is no guarantee of any secondary market value or liquidity for such vault tokens. 12.5.4 **Credit Risk**. Entry into the structured product trading strategies enabled through the Services may entail or involve counterparty credit risk. In particular, you may be exposed to the counterparty credit risk of market makers taking the other side of the component derivatives transactions making up the structured product trading strategies enabled through the Services. Changes in the creditworthiness of, or default by, such counterparties could adversely impact the returns of such trading strategies and could result in loss of your principal capital. 12.6 **Regulatory Uncertainty**. The Portal and our Services are potentially exposed to legal and regulatory risk. The legal and regulatory treatment of Digital Assets and the Services is unsettled and rapidly changing. Legal and regulatory treatment varies between different jurisdictions. We, our provision of the Portal and the Services, and any Digital Assets referenced by or relevant thereto could be impacted by one or more regulatory inquiries or regulatory actions, which could impede or limit our ability to continue to make the Portal or the Services available or impact your returns and anticipated results from use of the Portal or the Services; 12.7 **Compliance with Applicable Law**. We must comply with Applicable Law, which may require us to, upon request by government agencies, take certain actions or provide information, which may not be in your best interests. **13. DISCLAIMERS** To the maximum extent permitted under Applicable Law, the Portal and the Services (and any of their content or functionality) provided by or on behalf of us are provided on an “AS IS” and “AS AVAILABLE” basis, and we expressly disclaim, and you hereby waive, any representations, conditions or warranties of any kind, whether express or implied, legal, statutory or otherwise, or arising from statute, otherwise in law, course of dealing, or usage of trade, including the implied or legal warranties and conditions of merchantability, merchantable quality, quality or fitness for a particular purpose, title, security, availability, reliability, accuracy, quiet enjoyment and non-infringement of third party rights. Without limiting the foregoing, we do not represent or warrant that the Portal or the Services (including any data relating thereto) will be uninterrupted, available at any particular time, or error-free. Further, we do not warrant that errors in the Portal or the Service are correctable or will be correctable **14. EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES** In no event shall we (together with our Affiliates, including our and our Affiliates’ respective shareholders, members, directors, officers, employees, attorneys, agents, representatives, suppliers or contractors) be liable for any incidental, indirect, special, punitive, consequential or similar damages or liabilities whatsoever (including, without limitation, damages for loss of data, information, revenue, goodwill, profits or other business or financial benefit) arising out of or in connection with the Portal and the Services (and any of their content and functionality), any execution or settlement of a transaction, any performance or non-performance of the Services, your Digital Assets and any transactions or trading strategies therein, or any other product, service or other item provided by or on behalf of us, whether under contract, tort (including negligence), civil liability, statute, strict liability, breach of warranties, or under any other theory of liability, and whether or not we have been advised of, knew of or should have known of the possibility of such damages and notwithstanding any failure of the essential purpose of these Terms or any limited remedy hereunder. **15. GOVERNING LAW AND DISPUTE RESOLUTION** 15.1 These Terms shall be governed by, and construed in accordance with, the laws of the British Virgin Islands (without reference to choice of law principles). 15.2 Any dispute arising out of or in connection with these Terms, including any question regarding its existence, validity or termination, shall be referred to and finally be resolved by arbitration in British Virgin Islands, which rules are deemed to be incorporated by reference in this paragraph. The seat of the arbitration shall be British Virgin Islands. The language of the arbitration shall be English. This arbitration agreement shall be governed by the laws of the British Virgin Islands. 15.3 Each of the parties irrevocably submits to the non-exclusive jurisdiction of the courts of British Virgin Islands to support and assist the arbitration process pursuant to Section 15.2 of these Terms, including if necessary the grant of interlocutory relief pending the outcome of that process. # Privacy Policy Last modified: 09/10/2023 **OVERVIEW** This Privacy Statement explains how dVOL collects, uses, and discloses information about you through its websites, including web applications, and other online products and services (collectively, the “Services”) or when you otherwise interact with us. We may change this Privacy Statement from time to time. If we make changes, we will notify you by revising the date at the top of the Privacy Statement and, in some cases, we may provide you with additional notice (such as adding a statement to our homepage or sending you a notification). We encourage you to review the Privacy Statement whenever you access the Services or otherwise interact with us to stay informed about our information practices and the choices available to you. **COLLECTION OF INFORMATION** Information You Provide To Us We collect information you provide directly to us. For example, we collect information when you participate in any interactive features of the Services, fill out a form, engage in a transaction, apply for a job, communicate with us via third party social media sites, request customer support or otherwise communicate with us. The types of information we may collect include your email address and any other information you choose to provide. Automatically Collected Information When you access or use our Services, we automatically collect information about you. We collect log information about your use of the Services, including the type of browser you use, access times, pages viewed, your IP address and the page you visited before navigating to our Services. We collect information about the computer or mobile device you use to access our Services, including the hardware model, operating system and version, unique device identifiers, and mobile network information. Information Collected by Cookies and Other Tracking Technologies: We use various technologies to collect information, including cookies and web beacons. Cookies are small data files stored on your hard drive or in device memory that help us improve our Services and your experience, see which areas and features of our Services are popular and count visits. Web beacons are electronic images that may be used in our Services or emails and help deliver cookies, count visits and understand usage and campaign effectiveness. For more information about cookies and how to disable them, please see “Your Choices” below. Information We Collect from Other Sources We may obtain information from other sources, including third parties, and combine that with information we collect through our Services. **USE OF INFORMATION** We use the information we collect to provide, maintain, and improve our services. We may also use the information we collect to: Send you technical notices, updates, security alerts and support and administrative messages and to respond to your comments, questions and customer service requests; Communicate with you about products, services, offers, and events offered by dVOL and others, and provide news and information we think will be of interest to you; Monitor and analyze trends, usage and activities in connection with our Services; and Detect, investigate and prevent fraudulent transactions and other illegal activities and protect the rights and property of dVOL and others. **SHARING OF INFORMATION** We may share information about you as follows or as otherwise described in this Privacy Statement: With vendors, consultants and other service providers who need access to such information to carry out work on our behalf; In response to a request for information if we believe disclosure is in accordance with, or required by, any applicable law, regulation or legal process; If we believe your actions are inconsistent with our user agreements or policies, or to protect the rights, property and safety of dVOL or others; In connection with, or during negotiations of, any merger, sale of company assets, financing or acquisition of all or a portion of our business by another company; Between and among dVOL and our current and future parents, affiliates, subsidiaries and other companies under common control and ownership; and With your consent or at your direction. **ADVERTISING AND ANALYTICS SERVICES PROVIDED BY OTHERS** We may allow others to provide analytics services and serve advertisements on our behalf across the internet and in applications. These entities may use cookies, web beacons, device identifiers and other technologies to collect information about your use of the Services and other websites and applications, including your IP address, web browser, mobile network information, pages viewed, time spent on pages or in apps, links clicked and conversion information. This information may be used by dVOL and others to, among other things, analyze and track data, determine the popularity of certain content, deliver advertising and content targeted to your interests on our Services and other websites and better understand your online activity. For more information about interest-based ads, or to opt out of having your web browsing information used for behavioral advertising purposes, please visit [www.aboutads.info/choices](http://www.aboutads.info/choices) (or you are a resident of the European Economic Area) **SECURITY** dVOL takes reasonable measures to help protect information about you from loss, theft, misuse and unauthorized access, disclosure, alteration and destruction. **DATA RETENTION** We store the information we collect about you for as long as is necessary for the purpose(s) for which we originally collected it, or for other legitimate business purposes, including to meet our legal or other regulatory obligations. **RESIDENTS OF THE EUROPEAN ECONOMIC AREA** If you are a resident of the European Economic Area (“EEA”), you have certain rights and protections under the law regarding the processing of your personal data. Legal Basis for Processing If you are a resident of the EEA, when we process your personal data we will only do so in the following situations: We need to use your personal data to perform our responsibilities under our contract with you (e.g., providing the dVOL services you have requested). We have a legitimate interest in processing your personal data. For example, we may process your personal data to send you marketing communications, to communicate with you about changes to our Services, and to provide, secure, and improve our Services. You have consented to the processing of your personal data for one or more specific purposes. Data Subject Requests If you are a resident of the EEA, you have the right to access personal data we hold about you and to ask that your personal data be corrected, erased, or transferred. You may also have the right to object to, or request that we restrict, certain processing. If you would like to exercise any of these rights, you can contact us as indicated below. Questions or Complaints If you are a resident of the EEA and have a concern about our processing of personal data that we are not able to resolve, you have the right to lodge a complaint with the data privacy authority where you reside. For contact details of your local Data Protection Authority, please see: . **YOUR CHOICES** Account Information You may update, correct or delete information about you at any time by emailing us at . Please note that we may retain cached or archived copies of information about you for a certain period of time. Cookies Most web browsers are set to accept cookies by default. If you prefer, you can usually choose to set your browser to remove or reject browser cookies. Please note that if you choose to remove or reject cookies, this could affect the availability and functionality of our Services. Promotional Communications You may opt out of receiving promotional communications from dVOL by following the instructions in those communications or by emailing us at . If you opt out, we may still send you non-promotional emails, such as those about your account or our ongoing business relations. Mobile Push Notifications/Alerts With your consent, we may send promotional and non-promotional push notifications or alerts to your mobile device. You can deactivate these messages at any time by changing the notification settings on your mobile device. **CONTACT US** You may update, correct or delete information about you at any time by emailing us at . Please note that we may retain cached or archived copies of information about you for a certain period of time.