Privacy Policy
Last Updated: 20 Dec, 2024
Thank you for using River (hereinafter referred to as "the Protocol"). We value your privacy and are committed to protecting your personal data. This Privacy Policy governs your use of the services offered through our website, user interface, and related API (collectively referred to as the "Services"). Please read this Privacy Policy carefully to understand how we collect, use, store, and protect your personal information when you interact with the Protocol."
By using the Services, you agree to the collection and use of information as described in this Privacy Policy. If you do not agree with our Privacy Policy, you must refrain from using the Services.
1. Information We Collect
We may collect the following types of information:
- Registration Information: When you register and use the services of the Protocol, we collect your basic personal details, such as your name, email address, contact information, etc.
- Transaction and Usage Data: This includes records of your transactions, deposits, withdrawals, stablecoin minting, collateral, and other actions within the Protocol, as well as your interactions on the platform.
- Technical Data: This includes your device information, IP address, browser type and version, operating system, access dates and times, and other technical details that help us ensure the proper functioning of our services.
2. Use of Information
We use the information we collect for the following purposes:
- To Provide and Improve Services: To enable you to access and use the Protocol's features, such as minting satUSD, engaging in liquidity pools, staking, and earning yields.
- Transaction Processing: To facilitate and process your transactions, including minting, exchanging, or redeeming stablecoins.
- User Experience: To enhance the user experience, optimize our platform, and provide customer support.
- Security and Compliance: To ensure the security and integrity of the Protocol and comply with legal and regulatory requirements.
- Communication: To send you important updates, notifications, and marketing communications (with your consent).
3. Data Retention
We retain your data only for as long as necessary to fulfill the purposes for which it was collected, including to comply with legal, regulatory, or contractual obligations. After this period, we will securely delete or anonymize your personal data.
4. Data Protection and Security
We employ a variety of technical and organizational measures to protect your personal information from unauthorized access, use, alteration, or disclosure. However, no method of data transmission or storage is 100% secure, and we cannot guarantee absolute security.
5. Sharing of Information
We may share your data with:
- Third-Party Service Providers: We may engage third-party vendors to assist with the operation of the Protocol, such as payment processors, auditors, and cloud storage providers. These providers will only have access to your data as necessary to perform their services.
- Legal Authorities: We may disclose your information to comply with applicable laws, regulations, or legal processes (e.g., subpoenas, court orders).
6. Your Rights
You have the following rights regarding your personal data:
- Access: You can request access to the personal data we hold about you.
- Correction: You can request correction of any inaccuracies in your data.
- Deletion: You can request the deletion of your personal data, subject to legal and contractual obligations
- Objection: You can object to the processing of your data for certain purposes, such as marketing.
To exercise your rights, please contact us at the details provided below.
7. Disclaimer and Limitations
Given the high-risk nature of the services we provide, including the use of Bitcoin-backed stablecoins and yield-generation strategies, we advise users to understand and accept the inherent risks. By using the Protocol, you acknowledge and agree to the associated risks and confirm that you will not hold the Protocol liable for any potential losses.
8. Changes to This Privacy Policy
We may update this Privacy Policy from time to time. Any changes will be posted on this page, and the updated policy will be effective as of the date it is posted. We encourage you to review this policy periodically for any changes.
9. Contact Us
If you have any questions or concerns about this Privacy Policy or our data practices, please contact us at:
Email: info@river.inc