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.

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 (AI infrastructure assets cannot be liquidated instantly; protocol redemptions are normally funded from the Vault's liquidity sleeve but may be subject to dynamic exit fees, circuit breakers, or queue mechanics if available liquidity approaches the minimum floor)

• Credit / performance risk (projects 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)

• Redemption eligibility risk (protocol redemptions require applicable verification and eligibility checks; secondary-market activity remains subject to applicable venue, transfer, and jurisdictional restrictions)

Forward-looking statements

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

Points / rewards

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.

Protocol redemption requires participant verification. Verification requirements, and the availability of redemption, may vary by jurisdiction.