LayerK DAO Terms & Conditions

LayerK Group LTD Terms and Conditions. Join us and shape the future of finance!

1. Acceptance of Terms By accessing or interacting with the LayerK DAO smart contracts, website, interfaces, or governance systems (collectively, the “Services”), whether through the Homnifi platform or otherwise, you (“User”, “you”, “your”) confirm that you have read, understood, and agree to be legally bound by these Terms & Conditions (“Terms”). If you do not agree to these Terms, do not use the Services.

2. Nature of the LayerK DAO

   1. LayerK DAO is a decentralized autonomous organization that governs the LayerK protocol through a stake‑weighted voting mechanism, using the native governance token “GLYK”. LayerK DAO is not a legal entity and does not constitute a partnership, joint venture, or agency.

   2. All decisions are made collectively by GLYK token holders. No central authority, legal entity, or individual has the unilateral right to dictate governance outcomes. All decisions regarding governance matters must be approved by the DAO community through proposals and on-chain voting.

   3. Governance functions include treasury management, protocol‑level decisions, and parameter configuration. All governance logic is executed transparently via smart contracts deployed on public blockchains.

   4. Governance power within the LayerK DAO resides exclusively with the community of GLYK holders, in accordance with the principles of transparency, peer-based consensus, and decentralization.

3. Governance Token (GLYK)

   1. Issuance: GLYK is minted through participation in designated LayerK programs, based on the amount of LYK tokens staked. Voting power is proportional to GLYK (1 GLYK = 1 vote).

   2. Burn Mechanism: upon unstaking of LYK, an equivalent amount of GLYK is automatically burned, reducing governance power.

   3. Utility: GLYK confers governance participation rights only; it does not represent equity, ownership, dividends, revenue share, or any expectation of profit or utility beyond voting.

   4. Non-Financial Instrument: GLYK is not a financial product, security, or tokenized asset.

4. Governance Participation

   1. Proposal Creation and Voting

      1. Eligible GLYK holders may submit governance proposals and vote, subject to configurable thresholds/parameters.

      2. Each proposal must include a title, detailed description, voting duration, and IPFS CID (content identifier) for off-chain metadata (if applicable).

      3. Proposal metadata is stored off‑chain (IPFS) and referenced on‑chain.

      4. Votes are weighed by GLYK holdings and must satisfy quorum/approval criteria to pass.

      5. All numerical minimums and time periods are configurable and may change without notice.

   2. Execution

      1. Only authorized administrator address(es) (“Admin”) may execute successful proposals.

      2. Execution is conducted through the DAO smart contract and updates proposal status to “Executed”.

      3. Actions (e.g., treasury withdrawals, parameter changes) become effective only upon execution confirmation. The Admin may upgrade or adjust contract parameters pursuant to its permissions.

5. Access Requirements

   1. Platform Access: governance functionality is accessible via the Homnifi platform.

   2. Wallet Connectivity: Users must connect the same MetaMask wallet that is linked to their Homnifi account in order to access their GLYK balances and participate in LayerK DAO activities.

   3. Self-Custody: Users are solely responsible for safeguarding their MetaMask wallet, private keys, and recovery phrases. Loss of access to the wallet results in permanent loss of associated GLYK and participation rights. Neither LayerK DAO nor Homnifi are responsible for or can recover lost credentials. LayerK DAO does not ever have custody, possession, or control of your digital assets at any time. It further means you are solely responsible for the custody of the cryptographic private keys to the digital asset wallets you hold, and you should never share your wallet credentials or recovery phrase with anyone.

   4. Users confirm they are not residents, citizens, nationals or agents of, or entities organized, incorporated or doing business in, Belarus, Burundi, Crimea and Sevastopol, Cuba, Democratic Republic of Congo, Iran, Iraq, Libya, North Korea, Somalia, Sudan, Syria, Venezuela, Zimbabwe or any other country to which the United States, the United Kingdom, the European Union or any of its member states or the United Nations or any of its member states, embargoes goods or imposes similar sanctions.

6. User Obligations and Responsibilities

   1. Users are solely responsible for:

      1. understanding the structure and functionality of the LayerK DAO and its smart contract functions;

      2. securing their wallets/private keys;

      3. independently reviewing all proposals and their content before voting; and

      4. complying with all applicable laws and regulations (including those relating to taxation, anti-money laundering (AML), sanctions, and securities regulations) in their jurisdiction.

   2. You hereby represent and warrant that you are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations and warranties set forth in these Terms and to abide by and comply with these Terms. You are also representing and warranting that you are of the legal age of majority in your jurisdiction as is required to access and use the Services.

7. Content Standards

   1. Users shall not:

      1. submit content to the forum that is illegal, offensive, or otherwise harmful to others. This includes content that is harassing, inappropriate, or abusive;

      2. submit content to the forum that violates the law, infringes anyone’s intellectual property rights, violates anyone’s privacy, or breaches agreements you have with others;

      3. submit content to the forum containing malicious computer code, such as computer viruses or spyware;

      4. use the forum to disclose information that you don’t have the right to disclose, like others’ confidential or personal information;

      5. send, knowingly receive, upload, download, use or re-use any material which does not comply with these Terms;

      6. impersonate or attempt to impersonate the LayerK DAO, another user or any other person or entity;

      7. engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Services, or which, as determined by us, may harm the LayerK DAO or users of the Services or expose them to liability.

8. No Professional Advice

   1. All information available through the Services (including discussions, proposals, and forum content) is provided “as is” for general information only and does not constitute legal, financial, investment, or tax advice. You should consult with your own professional advisors.

   2. We do not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other user of the Services, or by anyone who may be informed of any of its contents.

   3. All such information provided is for informational purposes only and should not be construed as investment advice or a recommendation that a particular token is a safe or sound investment. You should not take, or refrain from taking, any action based on any information contained in any of our products. By providing token information for your convenience, we do not make any investment recommendations to you or opine on the merits of any transaction or opportunity.

   4. The Services may include content provided by third parties, or links to such content. All statements and/or opinions expressed in these materials, and all articles and responses to questions and other content, other than the content provided by the LayerK DAO, are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of the LayerK DAO. LayerK DAO is not responsible, or liable to you or any third party, for the content or accuracy of any materials provided by any third parties.

9. Risks

   1. Participation in LayerK DAO involves inherent risks, including but not limited to:

      1. smart contract vulnerabilities;

      2. governance attacks and manipulation;

      3. wallet compromise or private keys loss;

      4. market volatility;

      5. legal or regulatory changes,

      6. protocol errors, exploits, bugs, or downtime; and

      7. permanent loss of tokens or associated value.

   2. You understand and voluntarily accept all risks associated with the use of LayerK DAO and decentralized protocols in general.

10. No Warranties

    1. The Services (including all smart contracts, interfaces, code, documentation, upgrades, data, third‑party integrations, and content) are provided “as is” and “as available”, without warranties of any kind, whether express, implied, or statutory. This includes, without limitation, implied warranties of merchantability, fitness for a particular purpose, title, security, accuracy, or non‑infringement.

    2. The LayerK DAO does not control or guarantee and is not responsible for the performance or security of third-party software, blockchains, nodes, wallets, IPFS gateways, RPC providers, or other third‑party services, and assumes no liability for their failures or acts.

11. Limitation of Liability

    1. To the maximum extent permitted by any applicable law, in no event shall the LayerK DAO, any affiliate, contributor, developer, operator, token holder, service provider, or agent (collectively, “Covered Persons”) be liable for any claim, loss, damage, cost, expense, or liability of any kind or nature whatsoever, whether direct, indirect, special, incidental, consequential, exemplary, punitive, or otherwise (including loss of use, profits, data, goodwill, or opportunity), arising out of or in connection with the Services or these Terms, under any theory of liability (contract, tort, strict liability, or otherwise), even if advised of the possibility of such damages. All use of the Services is at your sole risk.

    2. You agree that the total aggregate liability of all Covered Persons shall not exceed USD 0.00 (zero United States dollars) or, if a non-zero minimum is required by law or regulation, the lowest possible enforceable amount.

12. Indemnification

    1. You agree to indemnify, defend, and hold harmless all the Covered Persons from and against any and all claims, demands, actions, proceedings, investigations, liabilities, damages, losses, costs, and expenses (including attorneys’ fees) arising out of or relating to:

    2. your use or misuse of the Services;

    3. your violation of these Terms; or

    4. your violation of any applicable law or third‑party right.

13. No Fiduciary Relationship Your participation in the LayerK DAO does not create a fiduciary, agency or partnership relationship between you and any other participant, developer, or contributor. All rights and responsibilities are limited to those expressly set forth in these Terms.

14. Intellectual Property Except for open‑source components licensed under their respective licenses, all trademarks, branding, interfaces and proprietary content associated with the LayerK DAO remain the intellectual property of their respective owners. No license is granted to Users except for lawful access to the Services. Users must not use such intellectual property without the prior written permission of the LayerK DAO.

15. Regulatory Disclosures GLYK is intended solely as a governance token. No representations or warranties are made concerning the legality of GLYK or participation in the LayerK DAO under the laws of any jurisdiction. Access may be restricted to certain regions (including sanctioned countries). You participate in LayerK DAO in your own initiative and you are responsible for determining whether your participation is lawful and compliant.

16. Tax Obligations You are solely responsible for calculating, reporting, and remitting any taxes that apply to your activities, including the receipt, staking, burning, minting, or transferring of LYK or GLYK tokens.

17. Amendments and Upgrades These Terms may be updated from time to time. Updates will be posted publicly and continued use of the Services after an update constitutes acceptance. Governance parameters may change through DAO proposals or administrative configurations.

18. Suspension and Termination Access to LayerK DAO interfaces may be suspended, restricted, or terminated without prior notice for operational, legal, or security reasons. However, the underlying smart contracts deployed by the LayerK DAO are autonomous and may continue to operate independently on-chain.

19. Force Majeure

    1. The LayerK DAO shall not be liable for any delay, failure in performance, or interruption of the Services, or for any inaccuracy, error, loss, or damage resulting therefrom, if such delay, failure, or interruption arises from or is attributable to any cause or condition beyond the reasonable control of the LayerK DAO, including but not limited to:

       1. acts of God, natural disasters, epidemics or pandemics, acts of civil or military authorities, civil disturbance, war, terrorism, labor disputes, strikes, fires, floods, or other catastrophes.

       2. interruptions or failures in telecommunications, internet services, utility services, or third-party infrastructure providers;

       3. failures of hardware, software, data storage, smart contracts, blockchain networks, or other systems critical to the functionality of the Services;

       4. material changes in any blockchain protocol (including forks, network splits, or deprecations);

       5. network congestion, consensus failures, validator or miner outages, or other failures of the underlying blockchain infrastructure;

       6. cryptographic attacks (including but not limited to 51% attacks, double-spend attacks, sybil attacks, front-running, or other protocol-level exploits);

       7. severe volatility in digital asset markets or de-pegging of tokenized assets; and

       8. regulatory actions, enforcement proceedings, court orders, sanctions, or changes in applicable laws or regulations that materially affect the DAO’s operations, governance, or smart contract execution.

20. General Provisions

    1. Severability: if any provision of these Terms is held to be invalid or unenforceable, the remaining provisions will remain in full force.

    2. No Waiver: a failure to enforce any right or provision does not constitute a waiver of that right or provision.

    3. Entire Agreement: these Terms constitute the entire agreement between you and the LayerK DAO regarding the Services and supersede all prior or contemporaneous understandings or agreements.