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Added legal disclaimer
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cvalkan authored Mar 31, 2021
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![Tests](https://github.com/liquity/dev/workflows/CI/badge.svg) [![Frontend status](https://img.shields.io/uptimerobot/status/m785036778-7edf816c69dafd2d19c45491?label=Frontend&logo=nginx&logoColor=white)](https://devui.liquity.org/internal) ![uptime](https://img.shields.io/uptimerobot/ratio/7/m785036778-7edf816c69dafd2d19c45491) [![Discord](https://img.shields.io/discord/700620821198143498?label=join%20chat&logo=discord&logoColor=white)](https://discord.gg/2up5U32) [![Docker Pulls](https://img.shields.io/docker/pulls/liquity/dev-frontend?label=dev-frontend%20pulls&logo=docker&logoColor=white)](https://hub.docker.com/r/liquity/dev-frontend)

- [Disclaimer](#disclaimer)
- [Liquity System Summary](#liquity-system-summary)
- [Liquity Overview](#liquity-overview)
- [Liquidation and the Stability Pool](#liquidation-and-the-stability-pool)
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- [Start dev-frontend in demo mode](#start-dev-frontend-in-demo-mode)
- [Build dev-frontend for production](#build-dev-frontend-for-production)


## Disclaimer

The content of this readme document (“Readme”) is of purely informational nature. In particular, none of the content of the Readme shall be understood as advice provided by Liquity AG, any Liquity Project Team member or other contributor to the Readme, nor does any of these persons warrant the actuality and accuracy of the Readme.

Please read this Disclaimer carefully before accessing, interacting with, or using the Liquity Protocol software, consisting of the Liquity Protocol technology stack (in particular its smart contracts) as well as any other Liquity technology such as e.g., the launch kit for frontend operators (together the “Liquity Protocol Software”).

While Liquity AG developed the Liquity Protocol Software, the Liquity Protocol Software runs in a fully decentralized and autonomous manner on the Ethereum network. Liquity AG is not involved in the operation of the Liquity Protocol Software nor has it any control over transactions made using its smart contracts. Further, Liquity AG does neither enter into any relationship with users of the Liquity Protocol Software and/or frontend operators, nor does it operate an own frontend. Any and all functionalities of the Liquity Protocol Software, including the LUSD and the LQTY, are of purely technical nature and there is no claim towards any private individual or legal entity in this regard.

LIQUITY AG IS NOT LIABLE TO ANY USER FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE, IN CONNECTION WITH THE USE OR INABILITY TO USE THE LIQUITY PROTOCOL SOFTWARE (INCLUDING BUT NOT LIMITED TO LOSS OF ETH, LUSD OR LQTY, NON-ALLOCATION OF TECHNICAL FEES TO LQTY HOLDERS, LOSS OF DATA, BUSINESS INTERRUPTION, DATA BEING RENDERED INACCURATE OR OTHER LOSSES SUSTAINED BY A USER OR THIRD PARTIES AS A RESULT OF THE LIQUITY PROTOCOL SOFTWARE AND/OR ANY ACTIVITY OF A FRONTEND OPERATOR OR A FAILURE OF THE LIQUITY PROTOCOL SOFTWARE TO OPERATE WITH ANY OTHER SOFTWARE).

The Liquity Protocol Software has been developed and published under the GNU GPL v3 open-source license, which forms an integral part of this disclaimer.

THE LIQUITY PROTOCOL SOFTWARE HAS BEEN PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. THE LIQUITY PROTOCOL SOFTWARE IS HIGHLY EXPERIMENTAL AND ANY REAL ETH AND/OR LUSD AND/OR LQTY SENT, STAKED OR DEPOSITED TO THE LIQUITY PROTOCOL SOFTWARE ARE AT RISK OF BEING LOST INDEFINITELY, WITHOUT ANY KIND OF CONSIDERATION.

There are no official frontend operators, and the use of any frontend is made by users at their own risk. To assess the trustworthiness of a frontend operator lies in the sole responsibility of the users and must be made carefully.

User is solely responsible for complying with applicable law when interacting (in particular, when using ETH, LUSD, LQTY or other Token) with the Liquity Protocol Software whatsoever.

## Liquity Overview

Liquity is a collateralized debt platform. Users can lock up Ether, and issue stablecoin tokens (LUSD) to their own Ethereum address, and subsequently transfer those tokens to any other Ethereum address. The individual collateralized debt positions are called Troves.
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