Risk Disclosures

Updated 27 January 2026

1. Introduction

Purpose

These Risk Disclosures are intended to inform users of the potential risks involved in using the Birdieswap website and interface ("Birdieswap"), available at birdieswap.com and its official subdomains, including (without limitation) app.birdieswap.com, www.birdieswap.com, and docs.birdieswap.com, as well as any related pages, interfaces, APIs, or applications, published by 미쁨유한책임회사(Mipeum LLC.) (the "Company") as a software developer and publisher.

Birdieswap is an experimental, non-custodial software interface and smart contract system provided for testing purposes only as part of an open beta. Birdieswap facilitates user interactions with decentralised finance ("DeFi") protocols via smart contracts and does not operate, manage, or control those protocols.

By using Birdieswap, you acknowledge that you are participating in an experimental, high-risk, and rapidly evolving sector, and that you have read, understood, and accept these risks.

Scope

These Risk Disclosures apply to all interactions with Birdieswap and its connected services, including deposits, withdrawals, liquidity provision, auto-compounding functions, staking (if applicable), and any interactions with third-party smart contracts accessed through the Interface.

Non-custodial nature

The Company does not hold, manage, or take custody of your digital assets at any time. All interactions occur through your self-custodied wallet via direct on-chain transactions.

2. Experimental Nature

Birdieswap, its smart contracts, and all integrated third-party protocols are experimental and provided "as is" without warranties of any kind. Unexpected behavior — including partial or total loss of assets — is possible.

3. General Risks

3.1 Volatility of digital asset markets

Prices of digital assets can change rapidly and unpredictably. Such volatility may adversely affect yields, liquidity, strategy performance, and the value of your holdings.

3.2 Regulatory risks and legal uncertainty

The legal and regulatory environment for DeFi and digital assets is evolving and uncertain. Regulatory developments, enforcement actions, or changes in applicable law may restrict, limit, or affect your ability to access or use Birdieswap or integrated protocols. You are solely responsible for ensuring that your use complies with all applicable laws and regulations in relevant jurisdictions.

4.Security Risks

4.1 Smart contract vulnerabilities

Smart contracts used in connection with Birdieswap — including contracts related to external yield sources, decentralised exchanges, liquidity pools, auto-compounding logic, or staking mechanisms — may contain vulnerabilities, bugs, or logic errors, even if audited.

4.2 Third-party protocol risks

Third-party protocols integrated with Birdieswap may change parameters, suspend or restrict functionality, freeze or delay withdrawals, alter fee structures, or otherwise modify behavior without notice. These actions are outside the Company’s control.

4.3 Interface and cybersecurity risks

Birdieswap and its Interface may be subject to hacks, phishing attacks, DNS hijacking, spoofed interfaces, malware, or other malicious interference. Interacting through a compromised or fraudulent interface may result in total and unrecoverable loss of assets or data.

5. Technical Risks

5.1 Downtime and service disruption

Birdieswap, integrated protocols, or underlying blockchain networks may experience downtime or disruptions due to maintenance, congestion, upgrades, governance actions, network failures, or other technical issues.

5.2 Data dependency risks

Displayed metrics such as APRs/APYs, pool data, or position information may rely on on-chain data, public data sources, or third-party inputs. Delays, inaccuracies, manipulation, or unavailability of such data may result in misleading or incomplete information.

5.3 Emerging technology risks

Advances in technology, including potential developments in cryptography or computing, may undermine the security assumptions of blockchain networks and related systems.

6.Product-Specific Risks

6.1 Auto-compounding and execution risks

Auto-compounding or similar automated functions depend on successful execution of on-chain transactions. Network congestion, failed transactions, changes in protocol behavior, or altered incentive structures may reduce or negate expected benefits.

6.1.1 Automation and execution mechanism risks

Certain functions may rely on automated or programmatic execution mechanisms (including on-chain or off-chain triggers). Delays, outages, or failures in such mechanisms may result in postponed compounding, missed opportunities, or reduced returns.

6.2 Liquidity provision and DEX-related risks

Providing liquidity through decentralised exchanges exposes users to risks including, but not limited to, price divergence, impermanent loss, changes in trading volume, fee variability, liquidity concentration, and market conditions that may result in underperformance relative to holding assets directly.

6.2.1 Slippage and execution risk

Swaps, liquidity provision, or other interactions executed through decentralised exchanges may be subject to slippage, execution delays, or unfavorable pricing due to low liquidity, rapid market movements, MEV activity, or other market conditions.

6.3 No guarantee of yield or performance

Past performance, displayed estimates, or historical data are not indicative of future results. Dual-layer or multi-source strategies may underperform simpler strategies or direct asset holding. There is no guarantee that any strategy will achieve positive returns.

6.3.1 Liquidity constraints and withdrawal delays

In certain circumstances, withdrawals or position exits may be delayed or temporarily unavailable due to insufficient liquidity, utilization of underlying pools, or conditions within integrated protocols. Such delays are inherent to decentralised liquidity mechanisms and are outside the Company’s control.

6.4 Fee impact on returns

Your use of Birdieswap and integrated protocols may be subject to various fees, including trading fees on decentralised exchanges, protocol fees, performance fees, management fees, transaction costs, and other applicable charges. Such fees may change over time and may reduce overall returns.

Some fees are set and collected by independent third-party protocols and are not controlled by the Company.

7. Third-Party Risks

7.1 Reliance on external protocols

Birdieswap depends on the continued availability and correct functioning of third-party protocols, including external yield sources and decentralised exchanges. Governance changes, upgrades, forks, deprecations, or failures of such protocols may materially affect outcomes.

7.2 External data sources

Metrics and informational content may be sourced from public blockchain data or external systems. Errors, delays, or manipulation may result in inaccurate or misleading information.

8. User Responsibilities

You are solely responsible for:

• Securing your private keys and wallet credentials.

• Verifying all transactions before signing on-chain.

• Ensuring that you are interacting with the genuine Birdieswap Interface.

• Monitoring your positions and understanding that yields, liquidity, and risk profiles may change without notice.

• Complying with all applicable laws, regulations, and tax obligations.

• Conducting independent due diligence before using Birdieswap or any integrated protocol.

9. No Professional Advice

Information provided through Birdieswap is for informational purposes only and does not constitute financial, legal, or tax advice. You should consult qualified professionals before making any decisions involving digital assets.

10. Assumption of Risk and Limitation of Liability

By using Birdieswap, you acknowledge and agree that you do so at your own risk and that you assume full responsibility for all outcomes associated with such use.

To the fullest extent permitted by law, the Company, its affiliates, and their respective personnel will not be liable for:

• Any loss of digital assets due to smart contract failures, bugs, exploits, MEV, oracle failures, governance actions, chain reorganizations, forks, or third-party actions.

• Any inaccuracies, delays, or errors in displayed data, estimates, metrics, or informational content.

• Any interruptions, downtime, censorship, or inability to access the Interface or integrated protocols.

• Losses resulting from interacting through a fraudulent, spoofed, or compromised interface.

To the fullest extent permitted by law, the Company’s total liability to you shall not exceed USD $100, even if any limited remedy fails of its essential purpose.

Where permitted by law, the Company shall be liable only for direct damages resulting from the Company’s willful misconduct or gross negligence. Nothing in these Risk Disclosures limits liability to the extent that such liability cannot be limited under applicable law.

11.Incident Disclosure and Transparency

The Company may, but is not obligated to, disclose material incidents, vulnerabilities, or events affecting Birdieswap or its integrations. Any such disclosure does not imply responsibility or liability for resulting losses.

12. Mitigation Measures

The Company may integrate or reference audited smart contracts or reputable third-party protocols where available. Such measures do not eliminate risk, and you must remain vigilant and exercise independent judgment.

13. Future Operator

If operation of Birdieswap is transferred to a future operator, your continued use after notice of such transfer constitutes your acceptance of the future operator’s applicable risk disclosures, provided they do not materially diminish your rights or increase your obligations without your affirmative consent where required by applicable law.

14. Acknowledgment and Waiver of Claims

By using Birdieswap, you acknowledge and agree that:

• You have read, understood, and accept these Risk Disclosures in full.

• You voluntarily assume all risks associated with using Birdieswap and any integrated protocols.

• To the fullest extent permitted by applicable law, you irrevocably waive, release, and discharge the Company, its affiliates, and their respective personnel from any claims or liabilities arising out of or related to your use of Birdieswap, including loss of digital assets, performance shortfalls, protocol failures, spoofed interfaces, or third-party actions.

• You agree not to initiate, join, or participate in any class action, arbitration, or similar proceeding against the Company, except where such waiver is prohibited by applicable law.