> For the complete documentation index, see [llms.txt](https://docs.infrastructure.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.infrastructure.finance/resources/terms.md).

# Terms

USD.infra Vault participation is offered pursuant to Regulation S to eligible non-U.S. persons only. The tokens and participation rights described have not been registered under the U.S. Securities Act and may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption. Transfer restrictions apply.

## **General**

By accessing these docs, you agree that:

* Information is provided “as is” for informational purposes.
* DAWN may update documentation at any time.<br>

### **No financial advice / no solicitation**

Nothing in these docs constitutes:

* financial, investment, legal, or tax advice, or
* an offer or solicitation to buy or sell any security, token, or financial product.

### **Risk disclosure**

The USD.infra Vault involves meaningful risks, including:

* Illiquidity risk (digital infrastructure assets cannot be liquidated instantly; redemptions depend on vault liquidity)
* Credit / performance risk (deployments or acquisitions may underperform)
* Counterparty / operational risk
* Legal / regulatory risk
* Smart contract risk (audits and cautious rollouts are mitigations)
* Market risk (secondary price can deviate from the published exchange rate under stress)<br>

### **Forward-looking statements**

Docs may include forward-looking statements. Actual outcomes may differ materially.<br>

### **Points / rewards**

Reward Points are non-transferable recognition mechanisms with no monetary value and may be modified or discontinued.

### **Jurisdiction / eligibility**

Certain products, features, or participation paths may be restricted by jurisdiction and eligibility requirements. Users are responsible for complying with applicable laws.