Morpho Disclaimer

The vaults curated by Birch Hill Labs Inc. (“Birch Hill”) within the Morpho Protocol (“Vaults”) are provided on a discretionary, non-custodial, and permissionless basis through smart contracts. By interacting with any Vault curated by Birch Hill, you acknowledge and agree to the following:

No offer or advice

• The information, parameters, and strategies applied to the Vaults are provided for general informational purposes only.

• Nothing herein constitutes financial, investment, legal, tax, accounting, or other professional advice.

• Vaults curated by Birch Hill do not constitute an offer to sell, solicitation of an offer to buy, or recommendation of any financial instrument, investment product, or security.

• Birch Hill is not acting as your broker, investment adviser, fiduciary, or asset manager.

No custody or guarantee

• Birch Hill does not hold, control, or take custody of your assets. All deposits and withdrawals occur directly through Morpho smart contracts, which are open-source and non-custodial.

• Birch Hill's services are provided “as is” without warranties of any kind; more in particular, Birch Hill provides no assurance or guarantee as to the safety of assets deployed into the Vaults, the accuracy of parameters, or the future performance of the strategies.

• Vault users remain solely responsible for the custody and security of their private keys and digital assets.

Market and protocol risks

• Interacting with Vaults involves significant risks, including but not limited to: extreme market volatility, liquidation risk, smart contract vulnerabilities, governance changes, regulatory developments, and loss of all or part of your assets.

• Past performance of any strategy does not guarantee future results.

• Strategies are experimental, may be changed or discontinued at any time, and may expose users of Birch Hill-curated Products to sudden losses or illiquidity.

Prohibited persons and jurisdictions

• Vaults curated by Birch Hill are not registered with, or approved by, any financial regulatory authority in any jurisdiction.

• Vaults curated by Birch Hill are not available to, and must not be accessed by, persons or entities located, incorporated, or resident in jurisdictions where or to whose residents or nationals such access or use is restricted or prohibited (including, without limitation, jurisdictions subject to comprehensive sanctions, such as those administered by OFAC).

• By using a Vault, you represent that you are not a prohibited person and that you are acting in compliance with applicable laws.

Limitation of liability

• Birch Hill's sole role is exclusively to set Vault parameters within Morpho. Birch Hill has no contractual obligations to Vault users and accepts no responsibility for any losses, damages, or claims arising out of or in connection with the Vaults.

• To the maximum extent permitted by law, you waive any rights or remedies against Birch Hill and agree that Birch Hill shall not be liable for any direct, indirect, incidental, special, consequential, or punitive damages arising from your use of the Vaults, including those caused by user error, blockchain malfunctions (e.g., forks, attacks), changes in law or force majeure events (incl. cyber attacks, network failures).

• Your only contractual rights and remedies, if any, arise under the Morpho Protocol’s Terms of Service.